The United Food and Commercial Workers Union, which represents retail workers, sent a letter to antitrust enforcers on Monday warning about the dangers of Amazon’s purchase of Whole Foods both to workers and consumers.
The union, which does not represent Whole Foods employees but 800,00 clerks and other workers at other grocery chains, asked the Federal Trade Commission to carefully scrutinize the $13.7 billion deal but did not ask for it to be stopped. Continue reading “UFCW Opposes Amazon’s Purchase of Whole Foods”
Kroger disclosed Monday it will contribute up to $1 billion to its pension plan this year, citing “strategic opportunities” such as the current interest rate environment.
In a regulatory filing, the nation’s largest grocer said it believes the pension contribution “will significantly address the underfunded position of the plan.” The liability will be funded through issuance of debt. Continue reading “Kroger to Contribute up to $1B to Pension Plan”
Cerberus Capital Management, which backs Albertsons, first invested in the industry back in 2006. The partnership has since grown the grocer through a series of deals, highlighted by the $9.2 billion purchase of Safeway three years ago.
This year alone, Albertsons has tried unsuccessfully to expand its presence in the organic and natural food space to place it in a position of growth to impress potential investors. First, it attempted to snap up Sprouts Farmers Market. Most recently, it offered to buy Whole Foods, but its offer was passed over for that of Amazon. Continue reading “Albertsons delays IPO again following Whole Foods–Amazon deal”
When Walmart left town, it didn’t linger over the goodbyes. It slashed the prices on all its products, stripped the shelves bare, and vanished, leaving behind only the ghostly shadow of its famous brand name and gold star logo on the front wall of a deserted shell.
The departure was so quick that telltale signs remain of the getaway, like smoldering ashes in the fireplaces of an evacuated town. Notices still taped to the glass entranceway record with tombstone-like precision the exact moment that the supercenter was shuttered: “Store closed at 7pm, Thursday 28 January 2016.” Continue reading “What happened when Walmart left”
According to a survey of 2,900 U.S. grocery shoppers conducted by Morgan Stanley AlphaWise, tales of traditional grocers’ impending doom might be overblown. Amazon.com has a dominant position in online retail, and has been making moves to disrupt the food retail industry.
The survey–which was conducted in April, before Amazon’s announced purchase of Whole Foods–found that the top driver of grocery shopping behavior was “convenient location,” with 70% of consumers citing it as a reason, followed by “lowest/best price” with 54%. Lower prices and more convenience were also the top two reasons for customers to switch to a new grocery store, with Krogerthe top ranked store for convenience and Trader Joe’s for price according to consumers. Continue reading “Not So Fast Amazon: Survey Shows Grocery Stores Might Still Be OK”
German grocery retailer Lidl is descending upon the United States with stores popping up across the East Coast, and Ohio could be the chain’s next spot for expansion.
The popular discount grocery chain is rapidly opening stores, with its U.S. headquarters situated in Arlington, Va. A spokesman told the Dayton Daily News that the grocery chain is “actively looking at sites across the state.” The spokesman also said it is too early to forecast opening time-lines or estimate how many stores could open in Ohio.
Continue reading “German grocery retailer Lidl looks to expand in Ohio”
It’s not surprising Amazon would use Prime Day this year to draw more attention to its grocery operations, since the e-commerce giant’s blockbuster announcement in June that it would acquire organic and natural grocer Whole Foods for nearly $14 billion is still fresh.
For Amazon, which has struggled to grow its Amazon Fresh operations, taking advantage of the immense popularity of the annual discount extravaganza and the buzz surrounding its Whole Foods purchase could be a perfect opportunity to make a statement about its commitment to grocery and lure people to its online food business, private label products and meal kits. Continue reading “Amazon placing spotlight on grocery items during Prime Day”
If you’re anything like me, you understand the magic of treating your feelings to a little retail therapy.
Sure, sometimes it’s lipstick or a litany of foreign skincare products because #AdultAcne, but more often than not, for me, I love dropping my money on organizational and cleaning supplies.
I know. It’s really fun stuff. Continue reading “Yes, Grocery Shopping Does Make You Feel Like You Have Your Life Together”
If you thought Kroger was just going to idly sit by and let another foreign grocery chain move in and take its customers, you would be mistaken.
Kroger is vigorously defending its turf, not just through price wars, but by suing the upstart German grocery Lidl. Continue reading “Kroger sues Lidl as grocery wars get ugly”
It’s tempting to imagine the merger of Amazon and Whole Foods as fodder for a technological experiment: What if you could simply ask Alexa for organic kale and have it delivered by drone in minutes?
But in the days since the tech giant announced it was buying the grocery store chain, experts in the food industry have begun to speculate about the cultural implications of the sale, and what a merger of Amazon’s customer-centric ethos with Whole Foods’ high-minded approach to food might look like. Continue reading “Grocery shopping, the Amazon way”