Supermarket chains and grocery retail coverage including Walmart, Tesco, Carrefour, and Kroger.
Ocado Group has confirmed that co-founder Tim Steiner will step down as chief executive by the start of its 2028 financial year, moving into a founder role through 2029. The July 6 filing opens a formal succession process at the London-listed grocery-technology group, with no successor yet named.
Kroger has agreed to buy the family-controlled grocer Giant Eagle for about $1.65 billion. It is the company’s first major acquisition since the Albertsons merger collapsed in 2024.
Sainsbury’s posted a 3.6% rise in first-quarter grocery sales as online jumped 12.5% and the UK’s second-largest grocer extended its run of market-share gains to five quarters. Argos and general merchandise stayed weak, but full-year profit guidance was left unchanged.
Ocado has publicly confirmed it is engaged in long-term succession planning for founder and chief executive Tim Steiner, after reports the board approached external candidates. The acknowledgement lands with the online grocery technology group trading roughly 91% below its 2020 peak.
Kroger beat on revenue with $46.1bn in Q1 sales, but gross margin slipped to 22.7% as CEO Greg Foran cut prices to win share. The grocer held full-year guidance and added a $2bn buyback.
Britain’s largest retailers cut close to 18,000 jobs over the past year, led by Tesco, according to a Bloomberg analysis of annual reports. Retailers blame higher employer national insurance and rising minimum wage costs.
Dark stores and micro-fulfillment centers promise faster grocery delivery at lower cost, but the unit economics only work when pick rates, basket size, and rent line up in a narrow window.
Most grocery loyalty programs reward shoppers who would have bought anyway. The ones that change behavior treat the card as a pricing and data engine, not a points giveaway, and they measure incremental margin per member rather than enrollment counts.
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