We have much more work to do to bring Stop & Shop back to its feet,” President and CEO Frans Muller said Wednesday.
The settlement includes attorney fees of up to $149 million as part of the arrangement — nearly 11% of the total amount.
The grocery wholesaler delays paying food companies for their goods and factors in “prompt-payment discounts” when it pays invoices late, according to a class action suit filed this week.
Top executives at Grocery Outlet and Amazon stepped down while Albertsons announced a new chairman as part of several updates ...
The launch of the health and wellness line Real Root marks the completion of phase two of the specialty grocer’s private ...
Competition, pricing and the fate of Albertsons were key points of contention in the three court battles that unfolded over a nearly two-month period.
The grocer will convert two Dallas-area locations with more Asian-centric products, new decor, updated signage and more, a spokesperson confirmed.
The grocer’s net sales hit $1.9 billion, fueled by solid comparable-store sales and ongoing brick-and-mortar expansion.
Heightened shopping demand during Hurricane Helene boosted sales for the Florida-based grocer during the Q2 period that ended Sept. 28.
The number of retail media networks in the industry is projected to double over the next 18 months, according to recent Grocery Doppio findings.
The discounter aims to remedy system inefficiencies from its tech transition last summer and refocus its pricing strategy, interim CEO Eric Lindberg told investors Tuesday.
While high food prices have dominated mainstream discourse, the industry could feel the impact of tariffs or a grocery price-gouging ban, depending on who is elected.