The largest online threat to supermarkets is not coming from direct competitors like Peapod or Fresh Direct, but from "basket bandits" like Amazon that capture some but not all of a supermarket's business, creating an ongoing stream of sales leakage, according to a report to be released Tuesday from Brick Meets Click.
Effective sales-driving efforts, and improved economy and consumer confidence helped Albertsons Co. post strong identical-store sales gains in the fourth quarter and fiscal year, the retailer said in an amendment to a stock prospectus filed with federal securities regulators Thursday.
As mass retailers Target and Walmart look to further participate in the natural and organic foods trend, they represent the potential for more than a half a billion in new sales for supplier United Natural Foods, an analyst said Tuesday.
Union workers and local officials in Maryland and Virginia said this week that they would deliver signed petitions to Giant Food's Landover, Md. headquarters on Wednesday, urging that the retailer divest stores to operators that would honor existing labor contracts.
Sprouts Farmers Markets on Thursday said it met quarterly comps sales guidance and beat earnings estimates on higher margins only to see its stock fall by nearly 7% on a cautious outlook including lower expectations for margins in the current quarter and sales for the fiscal year.
Sprouts Farmers Markets on Thursday said "near zero inflation" kept comparable store sales near the low end of its expected range — and below more optimistic Wall Street expectations — during the fiscal first quarter.