April 7, 2021
At Kroger’s investor event held last Wednesday, management reiterated FY21 guidance for an identical sales decline of 3% – 5% and EPS of $2.75 – $2.95. The Company also outlined plans for shareholder return o ... Read more
March 31, 2021
J.C. Penney announced it will close 18 stores on May 16. Management indicated it doesn’t anticipate any additional closures, and its go-forward store count is 672. The Company operated 846 locations when it filed bankruptcy ... Read more
March 24, 2021
Dollar General released solid 4Q20 results, a subdued forecast for the FY21 topline, and more details on its aggressive expansion plans. 4Q20 sales rose 17.6%, correlating with a 21% jump in operating income for the quarter. Margi ... Read more
March 17, 2021
Amazon Fresh opened a new 40,000 square-foot store in Bloomingdale, IL, marking its fourth location in the state. Amazon Fresh currently operates 11 stores, with the first opening just this past September. It is currently seeking ... Read more
March 10, 2021
Sprouts Farmers Market plans to open approximately 20 stores this year, including four new smaller-format units and one relocation. CFO Dave McGlinchey commented, “This year, Sprouts will densify its footprint with more stor ... Read more
March 3, 2021
On February 24, private equity group TPG Capital announced the sale of Arden Group’s Gelson’s Markets to Japan-based Pan Pacific International Holdings (PPIH). Terms of the deal, expected to be finalized ... Read more
February 24, 2021
Belk, Inc. filed a voluntary prepackaged Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of Texas. Currently, the petition is the only document filed in the case. The Company previously provided propo ... Read more
February 17, 2021
Aldi plans to open 100 new locations nationwide in 2021 with expansion efforts focused on Arizona, California, Florida and the Northeast. The Company will also break ground on a new regional headquarters and distribution c ... Read more
February 10, 2021
On Monday, Golub Corp. (Price Chopper) and Tops Markets announced they have agreed to merge, a deal most likely made more attractive by the operational benefits of the COVID-19 pandemic on the grocery sector. A n ... Read more
February 3, 2021
Yesterday, Amazon announced that Founder and CEO Jeff Bezos will step down and become Executive Chairman; Andy Jassy, the current head of Amazon Web Services (AWS) will become CEO. The news was reported in the Companys 4Q20 rele ... Read more
