South African retailer SPAR Group has appointed its chief financial officer (CFO), Reeza Isaacs, as chief executive officer (CEO), effective 1 March. The appointment followed the resignation of Angelo Swartz after about 16 months in the role. Swartz assumed the CEO role in October 2023 and led efforts to streamline operations, reduce debt and reinforce the balance sheet. These priorities followed a problematic SAP implementation and broader financial strain facing the group. During his tenure, the Dur ...

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: Sprouts Farmers Market announced on Thursday two key C-suite executive changes, naming Amanda Rassi as its first chief customer officer and Don Clark as chief merchandising officer.  Rassi is stepping into the newly created role at the company, while Clark’s appointment follows the retirement of Scott Neal, the specialty grocer’s current chief merchand ...

The Kroger Co. (NYSE:KR) is included among the 14 Best Warren Buffett Dividend Stocks to Buy. Kroger (KR) Navigates Thin Margins and Sluggish Industry Growth A CNBC report published on February 5 noted that The Kroger Co. (NYSE:KR)’s valuation remains relatively low, with the stock trading at 12.7x forward earnings. That is roughly half the multiple of the S&P 500, although it still ranks among the higher valuations within the grocery sector. The industry average stands at about 11.3x. The lower multiple ...

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: The Giant Company announced Thursday that it has agreed to acquire two family-owned supermarkets in Bedford County, Pennsylvania. Financial terms of the transactions were not disclosed. The Ahold Delhaize-owned grocer plans to temporarily close and update the stores, which are located in Everett and Saxton, Pennsylvania. The Giant Company’s decisio ...

In today’s CEO Daily: Fortune’s Phil Wahba reports on the historic reshuffle atop the Fortune 500. The big leadership story: OpenAI CEO Sam Altman says AI super intelligence could someday do his job. The markets: Mostly up, even as investors monitor mounting U.S.-Iran tensions. Plus: All the news and watercooler chat from Fortune. Good morning. There is a new top dog in Corporate America. Walmart, long the largest U.S. company by revenue and No. 1 on the Fortune 500, was eclipsed for the first time ...

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For the year, SG&A totaled $2.6 billion, rising $283 million but delivering 45 basis points of leverage, which management tied mainly to sales leverage from strong comps earlier in the year. Net income was $524 million and diluted EPS was $5.31, up 42% from the prior year.Chief Financial Officer Curtis Valentine reported fiscal 2025 sales rose nearly 14% to $8.8 billion, driven by comparable store sales growth of 7.3% and strong new store performance. Gross margin was 38.8%, up 70 basis points year over yea ...

Loblaw and Gemini Mobile phone screenshots depicting the customer experience Google and Loblaw Logos for Loblaw Companies Limited and Google BRAMPTON, Ontario, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Loblaw Companies Limited (TSX: L) today announced a new collaboration with Google that will offer Canadians a brand new way to shop through conversational AI. Loblaw will soon allow Canadians to shop for their favourite health, beauty and apparel products directly through AI Mode in Google Search and Google’s ...

Core Insights - DoorDash CEO Tony Xu emphasizes that the company's grocery offering has a competitive edge over Amazon due to the variety of choices available to consumers [1][2] - DoorDash collaborates with existing grocery chains rather than owning its own brands, which allows it to provide a wider selection of products [2] - The company is expanding its services to retailers, including fulfillment through DashMarts, to help grocers compete with Amazon [4] Company Strategy - DoorDash has expanded partnerships with grocery chains, including Kroger and regional players like Schnucks, to enhance its grocery delivery service [2] - The company is focusing on fulfilling both small and large grocery orders, which is beneficial for grocers as they earn more from a diverse range of products [5] - DoorDash aims to make its retail and grocery business unit-economic positive by the second half of 2026, indicating a strategic focus on profitability [6] Market Position - Despite disappointing fourth-quarter earnings, DoorDash shares rose by as much as 14% in after-market trading, reflecting investor confidence in its grocery strategy [4] - The grocery delivery market is competitive, with Amazon expanding its same- and next-day delivery services, which has impacted shares of DoorDash and Instacart [1]

Core Viewpoint - Grocery Outlet Holding Corp. is set to release its financial results for Q4 and the full fiscal year 2025 on March 4, 2026, after market close [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call scheduled for 4:30 PM ET (1:30 PM PT) on the same day [1] - A live audio webcast of the conference call will be available online, with a replay accessible for approximately one year [2] Group 2: Company Overview - Grocery Outlet is a high-growth, extreme value retailer based in Emeryville, California, specializing in quality, name-brand consumables and fresh products [3] - The company operates over 560 stores across multiple states, including California, Washington, Oregon, and others [3]