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Drive-Up Grocer Addie’s Opens First Store, Plans to Expand Across U.S.

Retail TouchPoints

The new supermarket concept Addie’s , a self-described “drive-up grocer,” has opened its first store in Norwood, Mass., ” The pandemic served as a propellent for online grocery, and many consumers aren’t returning to traditional in-store shopping: online grocery is expected to account for 20.5% fueled by $10.1 of all U.S.

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Morrisons kicks off £1bn debt buyback plan

Retail Gazette

Back in October 2021, private equity firm Clayton Dubilier & Rice (CD&R) won an auction to buy Morrisons in a deal valued at £7bn , and the grocer’s most recent financial report showed it had £8.5bn in debt at the end of October last year.

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Kroger, Albertsons Delay Merger Timeline to August as They Negotiate with Regulators

Retail TouchPoints

The planned $24.6 While this is longer than we originally thought, we knew it was a possibility and our merger agreement and divestiture plan accounted for such potential timing,” according to a joint statement from the retailers. “We Top execs from both companies defended the merger in testimony to a U.S.

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FMI laying foundation to make grocers nonfoods destination

Mass Relators

Despite the frequent trips that shoppers make to the grocery store, the channel only accounts for 8% of volume in the health and beauty care, household products and general merchandise categories, according to Tom Duffy, senior advisor for nonfoods community development at FMI – The Food Industry Association.

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Independent grocers drive economic growth

Mass Relators

WASHINGTON — Independent grocers are important sources of jobs, wages and taxes for the communities they serve, according to the latest economic impact study from the National Grocers Association. The wholesalers serving independent grocers account for more than 44,000 additional jobs (and nearly $3.3 of the 2020 U.S.

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Morrisons posts strongest like-for-like sales growth in three years

Retail Gazette

The grocer claimed its key customer satisfaction metrics were “improving strongly”, and that its complaints had more than halved during the last 20 weeks. ” The update comes depsite the grocer pulling in a £1bn loss last year, as its debt interest payments related to its private equity takeover soared.

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FMI: Grocers are approaching an uncertain future proactively

Mass Relators

Nonetheless, 74% of food retailers plan to expand the space allocated to fresh grab-and-go selections, while 40% are looking to increase the size of their produce departments. In-store bakeries and seafood departments accounted for 2% of sales each.

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