Net sales in Q4 came in at $2.25bln, a 2.8% year-over-year decline compared with the same period in 2022. Retail sales fell 4.5% during the quarter, to $647mln, while comparable-store sales were off by 2.8%. SpartanNash’s results during the quarter were held back by factors including lower inflation and reduced demand from Amazon. About 170bln pesos of the plan will be invested in Mexico, the company's main market, according to a Femsa filing. Source: reuters.comUS: Grocery Outlet to acquire United Grocery OutletGrocery Outlet Holding Corp. has reached an agreement to acquire United Grocery Outlet, an extreme value discount grocery retailer operating throughout the Southeastern United States, from affiliates of Gen Cap America, Inc. and current and former UGO management.

Source: The Guardian February 16, 2024 13:12 UTC