Divestitures

Articles on divestitures and sell offs in the retail industry.

  1. International
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.
  1. Department: Nonfood
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 […]
  1. Media & Marketing
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. […]
  1. Shopper & Customer
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 […]
  1. Technology & Innovation
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 […]
  1. Channel: Grocery
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 […]
  1. Channel: Drug
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 […]
  1. Trends & External Forces
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 […]
  1. Channel: Grocery
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 […]
  1. Channel: Grocery
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.  […]
  1. Channel: Grocery
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 […]
  1. Channel: Ecommerce & Digital
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 […]
  1. Trends & External Forces
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 […]
  1. Trends & External Forces
ORRVILLE, Ohio, Aug. 23, 2022 /PRNewswire/ — The J.M. Smucker Co. (NYSE: SJM) today announced results for the first quarter ended July 31, 2022, of its 2023 fiscal year. Financial results for the first quarter of fiscal year 2023 reflect the divestitures of the natural beverage and grains businesses on January 31, 2022, and the private label dry pet food […]
  1. Operations & Supply Chain
Target moved aggressively to sell off excess inventory in the second quarter, leading to lower profits. The chain posted net income of 39 cents a share, down from $3.65 a year earlier. “While these inventory actions put significant pressure on our near-term profitability, we’re confident this was the right long-term decision in support of our […]
  1. Channel: Grocery
BOISE, Idaho — Albertsons Cos. reported top and bottom line gains for its fiscal first quarter, and raised its outlook for the year. The company said Tuesday that identical sales increased 6.8% for the quarter, which ended June 18. Digital sales increased 28%, and net income increased about 8.1%, to $484.2 million, or $0.84 per […]
  1. Corporate Strategy
Mark Tritton, who took over as CEO of Bed Bath & Beyond in late 2019 to lead a transformation amid declining store traffic, resigned from his position on Wednesday. Bed Bath & Beyond Board Director Sue Gove, who is taking over as interim CEO, said in a news release that the leadership change occurred because […]
  1. Corporate Strategy
UNION, N.J. — Bed Bath & Beyond Inc. has named Sue Gove, an independent director on the company’s board and chair of its strategy committee, the company’s interim chief executive officer. She replaces Mark Tritton, who has left his role as president, chief executive officer and  board member, the company said Wednesday. The move came […]
  1. Channel: Mass
BENTONVILLE, Ark. _ Walmart posted mixed results for the first quarter of fiscal 2023. Adjusted earnings per share for the three months ended April 30 were $1.30, well short of the $1.48 that analysts had forecast. The company said inflation hurt the bottom line. Revenue beat analysts’ estimates, rising 2.4% to $141.57 billion. Wall Street […]
  1. Technology & Innovation
As part of a series of interviews with those who made it on to the RTIH Top 100 Retail Technology Influencers List, we discuss rapid grocery delivery services and why the metaverse is a game changer with Brittain Ladd, a former Amazon exec and supply chain consultant. RTIH: What does recognition as a retail tech […]
  1. Technology & Innovation
Alibaba shares have been sold off following a Chinese state media report that an individual named “Ma” had been detained. Shares tumbled as much as 9.4% after news of the… The post Alibaba shares fall off the back of the detaining of an individual named “Ma” appeared first on Latest Retail Technology News From Across […]
  1. Channel: Mass
Walmart this morning announced that its Q4 comparable US sales (both bricks-and-mortar stores and digital) were up 5.6 percent, as quarterly online sales grew one percent. The Wall Street Journal writes this morning that “Walmart’s U.S. sales got a boost from the grocery category due in part to being able to offer lower prices than […]
  1. Department: Beverage
Coca-Cola earnings and revenue topped Wall Street’s estimates, but the company’s 2022 forecast was weaker than expected.

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By John Spiropoulos Media is filled with evolutionary step-change transitions which permanently alter the marketplace. Each evolutionary event, seen in terms of advertiser outlays – the media mix – is driven by incremental change during economic uncertainty. This is particularly true – and trackable – in modern times. Some of these events were covered in […]
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SMI Core data captures the actual spend data from the SMI Pool partners of major holding companies and large independent agencies, representing up to 95% of all US national brand ad spending, to provide a complete monthly view of the SMI Pool market size, investment share and category performance. Core Data delivers detailed ad intelligence across all media […]
  1. Trends & External Forces
  2. Channel: Grocery
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CINCINNATI — The Kroger Health Center for Advanced Community Care, a joint project of Kroger Health and the University of Cincinnati James L. Winkle College of Pharmacy, recently celebrated its one-year anniversary. The Center employs pharmacists, technicians, nurse practitioners, and dietitians to provide an interprofessional model of care. It also provides practical experiences for students […]
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CHESAPEAKE, Va.— Dollar Tree executives said the retailer’s new pricing strategy lifted operating income nearly 23% to $381 million in the third quarter ended October 29. Top-line sales rose 8.1% to $6.94 billion. Comparable-store sales at its Dollar Tree stores increased 8.6% from a year earlier, while comps at its Family Dollar stores were up […]

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