E-mart to open PK Market grocery store in May 2019
E-Mart, a South Korean hypermarket retailer that is part of the Shinsegae Group, will open a high-end grocery store called PK Market in the US next year. The move is […]
Read MoreWalmart sets eyes on Humana
On March 29, the Wall Street Journal reported retail giant Walmart was in preliminary talks with health insurer Humana. The two companies are reportedly looking at a variety of deal […]
Read MoreAmazon enters the French grocery space
On March 27, Amazon announced it had entered into a partnership with Casino’s supermarket chain Monoprix to sell groceries. This is the first local French grocery retailer that has agreed […]
Read MoreBlackwells announces its Supervalu Board nominees
On March 27, investment management firm Blackwells Capital, which represents less than 5 percent interest in Supervalu, revealed names of the six nominees it wishes to place on Supervalu’s nine-member […]
Read MoreTesco’s Simon Belsham to lead Jet.com
On March 26, Walmart-owned Jet.com announced the appointment of Simon Belsham as president with immediate effect. Belsham has spent seven years with UK retailer Tesco and drove the company’s online […]
Read MoreEl Super to acquire Fiesta Mart, create Hispanic grocery giant
On March 25, Bodega Latina, the US subsidiary of Mexico-based Grupo Comercial Chedraui announced it was purchasing Houston-based Fiesta Mart from private equity firm ACON investments. The Houston Chronicle estimated […]
Read MoreShopRite to introduce meal kits
ShopRite announced on March 23 it will launch a line of multi-cultural, gourmet meal kits. The meal kits are created by professional chefs with entrees serving two to four people […]
Read MoreMeijer Partners with Indian Brook Trout Farm
Taking its seafood sustainability commitment to the next level, Meijer announced it had partnered with the US’ only fresh pack Best Aquaculture Practices (BAP) certified aquaculture rainbow trout farm. This […]
Read MorePanera’s refrigerated soups reach $100 million in annual retail sales
On March 22, Panera Bread announced retail sales for Panera at Home’s Refrigerated Soup, sold in most grocery stores across the US, exceeded $100 million in 2017, making it the […]
Read MoreKroger announces new commercial technology venture
In a bid to combat the technological disruption the grocery industry is undergoing and become a disruptor itself, Kroger announced the establishment of a division called Sunrise Technologies at the […]
Read More