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grocery retailers
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- 1Costco Posts Higher Fourth-Quarter Profit and RevenueβCostco Reports Higher Fourth-Quarter Profit, Revenue on Resilient Consumer Spending
Costco reported higher profit and revenue for its fourth quarter, driven by resilient consumer spending despite ongoing concerns about the economy. The warehouse retailer's results suggest shoppers continue to spend steadily on groceries and other goods, reinforcing its reputation as a defensive performer. Analysts and investors are weighing the results as a signal of overall consumer health heading into the final months of the year.
- 2Seattle bans surveillance-based pricing on groceriesβSeattle City Council votes to ban surveillance pricing in sale of groceries
The Seattle City Council has voted to ban surveillance pricing in the sale of groceries, meaning retailers will be prohibited from setting individualized prices based on customer data such as shopping history or personal profiles. Consumer advocacy groups, including Consumer Reports, backed the move, framing it as a safeguard against companies charging different shoppers different prices for the same items. The ordinance is being discussed as one of the first local measures of its kind in the United States.
- 3GCM Grosvenor commits up to $100m to Hyperion grocery retail strategyβΌGCM Grosvenor backs Hyperion with up to $100m for grocery retail strategy
GCM Grosvenor has agreed to back Hyperion with up to $100 million to support a grocery retail strategy. The Chicago-based alternative asset manager will provide the capital commitment, signalling continued investor interest in the grocery retail sector. The move gives Hyperion significant firepower to pursue its retail investment plans.
- 4Kroger ends fuel discount as gas prices hit September recordβΌKroger pulls a gas perk as pump prices set a September record
Kroger has discontinued one of its gas perk programs just as US pump prices reached a record high for the month of September. The grocery chain's fuel savings scheme had let shoppers redeem points for discounts at the pump. The timing of the withdrawal has drawn attention, with customers facing some of the highest September fuel costs on record now losing a program that cushioned those expenses.
- 5Kroger tests major change to store hoursβKroger tests a significant change in store hours for customers
Kroger is trialing a significant change to its store opening hours for customers. The grocery chain is among the largest supermarket operators in the United States, so any adjustment to when stores open and close could affect millions of shoppers' routines. Details of which regions are affected and whether the change could roll out nationwide were not provided.
- 6GCM Grosvenor launches grocery retail fund with $200M seedβΌGCM Grosvenor seeds new grocery retail fund with $200M
Alternative investment manager GCM Grosvenor has seeded a new fund focused on grocery retail with $200 million. The move signals continued institutional interest in essential retail real estate, with grocery-anchored assets seen as resilient through economic downturns. Further details on the fund's manager, strategy and target size have not yet been disclosed.
- 7New Study Links Home Gardening to Grocery Shopping HabitsβΌFrom backyard garden to grocery cart: New study explains how growing food shapes consumer choices
A new study examines how growing food at home shapes consumer choices when people shop for groceries. Researchers suggest that tending a backyard garden influences what shoppers buy, how much they spend, and their preferences for fresh produce. The findings offer insights for retailers and food marketers looking to understand the growing number of households cultivating their own vegetables and herbs.
- 8
A major grocery retailer has discontinued a fuel discount program that allowed shoppers to convert grocery purchases into savings at the pump. The company confirmed the perk is being killed off, and customers are voicing frustration over losing a benefit that helped offset high gas prices. Details on which chain is affected and when the change takes effect were not immediately available.
- 9Retail beef prices high, but ranchers see little profitβΌRetail beef prices and ranch profits arenβt the same
A new report from Brownfield Ag News highlights the growing gap between what American shoppers pay for beef at the grocery store and what cattle ranchers actually earn. Despite elevated retail beef prices, rising production costs, feed expenses and middlemen margins mean many ranchers are struggling to turn a profit, prompting debate over who really benefits from the beef supply chain.