by Mike Duff | Jul 25, 2023 | Retail Articles
Although earnings slipped year over year, Albertsons beat Wall Street estimates for the first quarter driven by a gain in identical sales, even if inflation was part of the increase. Net income was $417.2 million, or 72 cents per diluted share, versus $484.2 million,...
by Mike Duff | Jul 5, 2023 | Retail Articles
Lidl is expanding again, focusing on the its existing East Coast markets and especially New York City. Lidl’s website reported the deep discount supermarket operator opened two stores on June 28, one in Washington, DC, the other in Greensboro, NC. The company...
by Mike Duff | Mar 9, 2023 | Retail Articles
A strong fourth quarter helped Publix post solid financial gains in 2022. Net earnings for the three months ended December 31, 2022, were $1.3 billion, or 38 cents per share, versus $1.1 billion, or 31 cents per share, in the year-earlier period, adjusted for the...
by Mike Duff | Oct 14, 2022 | Featured News, Retail Articles
The Kroger Co. and Albertsons Cos. have announced that they have entered into a definitive merger agreement a day after reports emerged about ongoing negotiations between the two companies. In a joint press release, the companies reported that the deal would merge two...
by Mike Duff | Jun 13, 2022 | Retail Articles
Inflation is a bigger concern than COVID-19 for Father’s Day shoppers according to a survey conducted by Numerator. In the survey, 61% of consumers said they expected inflation to have an effect on their plans versus 36% who said they expected the pandemic to have an...
