Save-A-Lot cuts debt, secures $350 million in new capital
In an effort to help fund its business transformation plan, discount grocer Save-A-Lot has secured $350 million in new capital. The company, owned by Canadian private equity firm Onex Corp., said last week that it completed a transaction that cut about $500 million in...Giant Food parent to provide $10 million coronavirus relief package
Alhold Delhaize USA, the parent company of East Coast supermarkets Giant Food, Stop & Shop, Food Lion and Hannaford, announced this week that it plans to donate $10 million in the form of a relief package to address critical needs in the wake of the coronavirus...Walmart to take employee temperatures upon arrival for work
Walmart, which employs 1.4 million hourly workers, announced this week that it will begin taking the temperatures of associates as they report to work in stores, clubs and facilities. Any employee that has a temperature of 100 degrees or higher will be paid but asked...Walmart, Target making big investment in employees during pandemic
Walmart announced plans to pay U.S. hourly workers a cash bonus as part of a $550 million package in support of their work during the coronavirus pandemic, and Target announced that it will invest over $300 million in an hourly wage increase, bonus payments, paid...Instacart to hire 300,000 personal shoppers as demand rises
With COVID-19 cases mounting nationwide and order volume increasing 150% year over year in recent weeks, Instacart announced that it will hire 300,000 additional full-service personal shoppers over the next three months. The hiring push will significantly increase the...Village Super Market and Amazon awarded stores in Fairway Market auction
Yesterday I wrote that Amazon had bid on four Fairway Market stores (Amazon bids on Fairway Market stores in NY and NJ), along with bids from ShopRite operator Village Super Market and Food Bazaar operator Bogopa. In all, Fairway Markets, which had filed for Chapter...Amazon bids on Fairway Market stores in NY and NJ
The New York Post reported that Amazon has made bids for four Fairway Market stores. The stores are in Brooklyn and Pelham Manor, NY, and Woodland Park and Paramus, NJ. Fairway Market recently filed for Chapter 11 bankruptcy. Two supermarket operators previously made...Modern food distribution system not yet able to handle coronavirus
In the last few years, a “shipping revolution” has caused the food industry to prepackage food products at the factory, according to Jeffrey Tucker of Tucker Company Worldwide, a NJ-based logistics firm. Just the right amount of food is prepackaged for...Whole Foods giving raises, supermarkets reacting to coronavirus
Grocery stores are seeing high levels of customer activity with both the reasonable and panicked reactions to the coronavirus. Cleaning supplies and toilet paper (really?) are of particular interest to consumers. Some stores seem to be restocking better than others....By David Goodman
