Divestitures

Articles on divestitures and sell offs in the retail industry.

  1. Department: Consumer Durables

Dick’s Sporting Goods to Shutter Field & Stream Brand

Dick’s Sporting Goods is shifting focus away from its Field & Stream stores toward its House of Sport concept, a significantly larger — and more profitable — version of the familiar Dick’s Sporting Goods store. Dick’s opened its first Field & Stream in 2013, catering to outdoor enthusiasts and hunters. Navdeep Gupta, executive vice president […]
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  1. Channel: Grocery

Kroger, Albertsons Focus On Store Divestment

Reuters reports that Kroger and Albertsons have begun the process of determining how many stores they will have to divest in order to gain the approbation of the Federal Trade Commission (FTC) and permission to proceed with their $24.6 billion merger. The story notes that stores in all of the regions in which the two […]
2 min read
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  1. Channel: Grocery

Reuters: Kroger and Albertsons Seek Sale of Up to 300 Stores to Ease Merger Concerns

Kroger and Albertsons Companies are reportedly working on plans to sell between 250 and 300 of their combined 4,996 stores in order to alleviate U.S. antitrust concerns regarding their merger, people familiar with the matter told Reuters. The move is aimed at easing regulators’ concerns that the deal could lead to grocery price hikes during […]
2 min read
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  1. Trends & External Forces

CVS beats on 4Q sales, earnings

WOONSOCKET, R.I. — CVS Health topped analysts’ expectations for fourth-quarter sales and earnings, led by strong insurance and retail results. Earnings per share for the three months ended Dec. 31 rose 0.5% from the year-ago period to $1.99 on revenue of $83.8 billion (up 9.5%). Wall Street had projected adjusted EPS of $1.92 on revenue […]
3 min read
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  1. Agencies & Vendors

BCG Matrix: How to organise your product portfolio

When a company evolves in a competitive market, it must constantly adapt to changes in the market and its competitors. This adaptation requires continuous monitoring in order to follow the evolution of the market and adapt its positioning accordingly. To ensure the sustainability of a company, it must have a balanced portfolio of products or […]
5 min read
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  1. Corporate Strategy

B&G Foods to Sell Back to Nature to Barilla America

PARSIPPANY, N.J.–(BUSINESS WIRE)–B&G Foods, Inc. (NYSE: BGS) announced today that it has entered into an agreement to sell the Back to Nature brand to Barilla America. “Our decision to sell Back to Nature is part of a broader effort at B&G Foods to focus our portfolio on businesses that are core to our long-term strategy […]
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  1. Channel: Grocery

CEOs defend merger of Albertsons and Kroger

CINCINNATI — Rodney McMullen, chairman and chief executive officer of Kroger Co., was joined by Albertsons Cos.’ CEO Vivek Sankaran last month in defending the companies’ proposed merger before a U.S. Senate subcommittee, whose members raised concerns over whether a combination of the nation’s two largest supermarket chains would harm consumers and workers. A merger […]
2 min read
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  1. CPG: Food

Your Views:  Right To The End

Responding to last week’s interview with Matthew Lee Sawyer, author of “Make it In America: How International Companies & Entrepreneurs Can Successfully Enter & Scale in US Markets,” MNB reader Tom Murphy wrote: Great interview, both in terms of content and insights.  The failure of most of the examples discussed were the result of what […]
4 min read
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  1. Technology & Innovation

How “Co-Opetition” Can Help Overcome the Obstacle of Retail Overstock

The retail industry has struggled to cope with the unprecedented changes in the last few years spurred by the pandemic, leading to a scarcity of goods and overstocking in many cases. Additionally, snarls in supply chains resulted in bulk purchases until inflation changed consumer shopping patterns. Failure to identify and forecast changes resulted in excess […]
4 min read
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  1. Trends & External Forces

Kroger-Albertsons Deal To Get Hard Look from FTC

The Federal Trade Commission (FTC) yesterday sent what is called “a second request” for additional information on the proposed $24.6 billion acquisition by Kroger of Albertsons, a deal that would, if approved, combine the second and fourth ranked US supermarket chains. Bloomberg writes that “such a request lengthens a transaction’s antitrust review by months or […]
2 min read
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  1. International

Made.com stock to be auctioned off by John Pye

Made.com administrators have appointed John Pye Auctions to sell off stock from the recently collapsed furniture business. The auction house has been brought in to raise money for creditors of… The post Made.com stock to be auctioned off by John Pye appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Department: Nonfood

Your Views:  Searing Criticisms

On Friday, we took note of a Fox Business story saying that “Sears Holdings has emerged from bankruptcy after more than 10,000 court filings and a four-year stay that saw the department store chain shrink from almost 700 stores to less than two dozen.  The bankruptcy estate’s reorganization plan took effect on Oct. 29, signaling […]
3 min read
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  1. Media & Marketing

Asda chooses Veeam as it takes control of protecting large, virtualised infrastructure

Asda has selected Veeam Software’s Availability Suite to provide backup and restore for mission critical systems. Following its divestiture from Walmart in early 2021, the supermarket chain has taken responsibility for protecting the large, virtualised infrastructure that underpins its business. It says that Veeam has enabled it to do this without sending IT headcount soaring. […]
2 min read
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  1. Shopper & Customer

Half of UK Retailers Fear They Will Be Forced to Slash Prices Before Christmas Due to Downturn in Consumer Spending

Contributed by Brightpearl.   A poll of 250 retailers found 45 per cent have surplus goods they’re desperate to offload – with fashion, toys and gifts, baby and toddler the sectors struggling the most being  And 59 per cent of those in this situation admit there’ll be ‘dangerous’ ramifications for their business if they fail […]
2 min read
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  1. Technology & Innovation

Your Views:  Choose Your Corner

On Friday, we took note of a Wall Street Journal story about how “the U.S. economy grew at a 2.6% annual rate in the third quarter despite a slowdown in consumer spending during the summer amid high inflation and rising interest rates.”   I commented about the mixed messages: I’m not an economist, and have […]
5 min read
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  1. Channel: Grocery

Senators Call for Antitrust Panel to Evaluate Kroger-Albertsons Merger

The proposed $25 billion Kroger-Albertsons merger is already running into significant opposition from progressive lawmakers and others, according to CNN. A Senate antitrust panel will hold a hearing next month on the Kroger-Albertsons merger focused on how the deal could impact competition in the grocery industry. This comes after several senators raised concerns and called on […]
2 min read
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  1. Channel: Drug

Your Views:  Forks & Knives

More comments from the MNB community about the proposed Kroger-Albertsons deal… One MNB reader wrote: One key learning after going through this process that I feel is evident to both Kroger and Albertsons management is the follow up to divestiture. Recall the Haggen’s debacle, where Albertsons sold some 88 stores to Haggen, (who failed miserably […]
3 min read
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  1. Trends & External Forces

P&G Announces Fiscal Year 2023 First Quarter Results

CINCINNATI–(BUSINESS WIRE)–The Procter & Gamble Company (NYSE:PG) reported first quarter fiscal year 2023 net sales of $20.6 billion, an increase of one percent versus the prior year. Excluding the impacts of foreign exchange, acquisitions and divestitures, organic sales increased seven percent. Diluted net earnings per share were $1.57, a decrease of two percent versus prior […]
5 min read
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  1. Channel: Grocery

Your Views:  Merger Madness

Not surprisingly, lots of email about the proposed Kroger-Albertsons merger… An MNB reader weighed in: The pending merger of Kroger and Albertsons has a defined strategy for a spinoff of 100 – 375 stores into what is known as a SpinCo.  SpinCo’s exist for at least two major reasons: 1) To appease the regulatory authorities […]
4 min read
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  1. Channel: Grocery

Reports:  Kroger, Albertsons Close To Announcing Merger

There were numerous reports yesterday that Kroger and Albertsons have been negotiating a merger/acquisition agreement that could be finalized as early as today, though the stories also emphasized that a deal could be delayed or abandoned. The exact structure of the deal has not yet been reported, and neither company would comment on the record.  […]
5 min read
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  1. Channel: Grocery

Kroger and Albertsons Companies Announce Definitive Merger Agreement

Company Release – 10/14/2022 Establishes National Footprint to Serve America with Fresh, Affordable Food for Everyone Combines Two Companies with Shared Values to Unite Around Kroger’s Purpose to Feed the Human Spirit Accelerates Kroger’s Go-to-Market Strategy and Positions Combined Company as a Premier Omnichannel Food Retailer, Delivering Quality, Value, Convenience and Choice for Customers Continuing Track Record […]
13 min read
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  1. Channel: Ecommerce & Digital

Amazon’s Counterintuitive Next Big Move — Helping Brands Sell Off Amazon

With 2 million third-party sellers accounting for more than half of its retail revenue, Amazon’s relationship with the businesses that sell on its platform has become essential to its success. As those sellers have become more successful though, they have also become more powerful …and more demanding. Many are no longer content to exist solely […]
7 min read
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  1. Trends & External Forces

Billionaire Retailer-Manufacturer Gives Away His Iconic Company

The New York Times this morning has the story of Yvon Chouinard, founder and owner of Patagonia, and how, “rather than selling the company or taking it public, Mr. Chouinard, his wife and two adult children have transferred their ownership of Patagonia, valued at about $3 billion, to a specially designed trust and a nonprofit […]
2 min read
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  1. Channel: Mass
  2. International
  3. Shopper & Customer
  4. Technology & Innovation

Tesco infuriates shoppers as it slashes Clubcard points value

Supermarket giant Tesco came under fire following the announcement that it will be reducing the value of Clubcard reward vouchers from June 2023. The reduction will come into force after… The post Tesco infuriates shoppers as it slashes Clubcard points value appeared first on Latest Retail Technology News From Across The Globe – Charged.
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  1. Technology & Innovation
  2. Corporate Strategy
  3. Corporate Finance
  4. Partnerships & Alt Profit
  5. Media & Marketing
  6. Agencies & Vendors
  7. Data & Insights
  8. International
  9. Shopper & Customer
  10. Technology & Innovation

aisle 3 exits the CSS business and uses proceeds to support growth in sneaker category

AI powered shopping platform aisle 3 has completed the sale of its Google Comparison Shopping Site (CSS) service to Product Hero. Financial terms of the deal were not disclosed, other than it being all cash. The sale consolidates market share for CSS service provider Product Hero, which works with the likes of Rituals and Ikea. […]
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  1. Partnerships & Alt Profit
  2. Partnerships & Alt Profit
  3. Shopper & Customer
  4. Technology & Innovation

Kroger lands deal for self-driving truck deliveries

Get ready because the empty truck cabs in motion are coming. Gatik, which is involved in autonomous middle-mile logistics, has announced a multi-year commercial collaboration to transport customer orders within Kroger’s Dallas distribution network. The operations will launch in a few weeks. Under the collaboration, Gatik’s medium-duty autonomous box trucks will transport fresh, customer-favorite products from […]
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  1. CPG: Food
  2. Channel: Grocery
  3. Department & Category
  4. Department: Beverage
  5. Department: Food
  6. Corporate Strategy
  7. Shopper & Customer
  8. Technology & Innovation
  9. Trends & External Forces
  10. Merchandising
  11. Owned Brands (Private Label)

Albertsons Redesigns and Expands Open Nature Own Label Line

Albertsons yesterday unveiled what it said was “the redesign of its Open Nature brand as the company strives to become the brand of choice for those health-conscious shoppers seeking a more balanced lifestyle. Open Nature, which is part of Albertsons Cos. Own Brands portfolio, provides shoppers with tasty foods made with thoughtfully chosen ingredients that […]
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