Supervalu Acquires Associated Grocers of Florida
Supervalu announced on Oct. 18 they had finalized a merger agreement to acquire Associated Grocers of Florida. The transaction, which is valued at approximately $180 million, will help Supervalu to […]
Read MoreLoblaw cuts 500 jobs to boost e-commerce
Loblaw Co Ltd, the Canadian grocery retail chain will cut 500 jobs and reinvest savings to boost its digital and e-commerce services, Reuters reported on Monday. The job cuts that […]
Read MoreKroger hosts Natural Foods Innovation Summit
Kroger hosted its first Natural Foods Innovation Summit in partnership with 84.51°, in Cincinnati, Ohio on Oct. 12 with plans to hold similar summits a few times each year. The […]
Read MoreTarget offers voice-based shopping with Google Express
On Oct. 12, Target announced it had partnered with Google Express to let consumers shop using Google Assistant on voice-activated Google Home devices, Android TV and soon eligible Android phones […]
Read MoreWalmart acquires Parcel, boosts NY delivery service
Walmart announced on Tuesday that it had acquired a Brooklyn-based logistics startup called Parcel for “smaller than previous acquisitions” in a deal that was closed on Sept. 29. The company […]
Read MoreAmazon Primes Whole Foods with 43% price cuts
On its first day at Whole Foods, Amazon slashed prices by 43 percent and offered Farm Fresh Picks of the Season – Echo and Echo Dot at $99.99 and $44.99. […]
Read MoreCostco co-founder and board chairman, Jeff Brotman, dies at 74
Jeff Brotman, who co-founded retail titan Costco and served as chairman of its board of directors, died at his Seattle home. He was 74. The evening before his death, […]
Read MoreMondelez CEO Rosenfeld to step down in November
Mondelez International CEO Irene Rosenfeld will retire in November, capping an 11- year tenure that included spinning off Kraft Foods, acquiring Cadbury and adapting to consumers’ ever-evolving demands, notably their […]
Read MoreSupervalu adds West Coast to its reach with Unified Grocers acquisition
In the acquire-or-merge trend that is sweeping through the retail space, the need to grow to compete has seen another acquisition. This time, Minnesota-based grocery store Supervalu expects to dramatically […]
Read MoreAmazon to Acquire Whole Foods Market
Amazon and Whole Foods Market have entered a definitive merger agreement where Amazon will acquire Whole Foods Market to the tune of $13.7 billion. The price includes Whole Foods Market’s […]
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