Internet food retailer FreshDirect on Monday said it is eyeing new geographic markets and an expansion of its on-demand FoodKick brand after closing on a new investment of $189 million led by J.P. Morgan Asset Management.
Led by more aggressive positioning at Kroger, supermarket prices in the Atlanta market are down by 3.8% since July, according to a basket study by Wolfe Research released Friday. "Our trip to Atlanta this week suggested that the competitive climate in the market just got more aggressive and, for the first time, was led by Kroger," analyst Scott Mushkin said in a research note to clients.
Wal-Mart Stores said Wednesday that 99% of its U.S. Supercenters and Neighborhood Markets stores met performance and customer service goals in the second quarter, resulting in more than $200 million in cash bonuses for more than 900,000 hourly associates at those stores.
While recent data from the USDA and the U.S. Census Bureau are providing signals of an improving economic picture for long-struggling U.S. families, evidence of that has been hard to find among the food retailers that serve them.
Trader Joe's this week announced three new store openings, including two that would encroach on new outlets of similarly positioned small stores from Whole Foods Market and Ahold, and a third opposite a Sprouts Farmers Market store.
Now here’s a switch. Food and consumable retailers should dial back investments in e-commerce and their focus on Millennials in favor of stepping up old-fashioned promotional spending at stores and marketing to households with children.
Weis Markets will reopen the first five of its 38 recently acquired Food Lion stores in under the Weis Markets banner this week as part of a plan to rebanner all of the locations by the end of next month.