Grocery-anchored retail thrives with healthy tenant and robust investor appetite
Notable merger & acquisition activity in 2024 | ||||
---|---|---|---|---|
Type | Announced | Status | Significance | |
Kroger – Albertsons | Update | Dec. 2024 | Blocked | Would have united Kroger and Albertson Co.’s under one banner, significantly increasing their market share across the U.S |
SpartanNash – Fresh Encounter Inc. | New | Oct. 2024 | Completed | Acquisition of 49 supermarkets in Kentucky, Indiana, and Ohio after acquiring Metcalfe Market – a 3-store grocery chain in Wisconsin |
Jim Pattison Group – Save Mart | New | June 2024 | Completed | Canadian conglomerate expanded its presence in the U.S. by purchasing the West Coast regional grocer (over 190 stores) |
Hy-Vee – Strack & Van Til | New | Apr. 2024 | Completed | Expansion into Indiana – ninth state – through acquisition of the Northwest Indiana 22-store grocery chain |
Aldi - Southeastern Grocers | Update | Mar. 2024 | Completed | Aldi plans to open 800 new stores by 2028, through a combination of organic new store openings and conversions of 220 Winn-Dixie and Harveys Supermarkets in the Southeast |
Grocery Outlet – United Grocery Outlet | New | Feb. 2024 | Completed | Expanded presence in the Southeast with the acquisition of the 40-store discount grocery chain (United Grocery Outlet) |
New private-label brand launches in 2024 | |||
---|---|---|---|
Grocer | Brand | Category | Announced |
Sprouts | Real Root | Personal care | October |
Albertsons | Bee Lightly | Wine | September |
Albertsons | Overjoyed | Treats, gifts, décor | September |
Amazon | Amazon Saver | Grocery essentials | September |
Grocery Outlet | Go Brands:SimplyGo | Grocery and baking basics | September |
Grocery Outlet | Go Brands: Go Home & Haven | Household and personal care | September |
Grocery Outlet | Go Brands: Go Paw & Pamper | Pet supplies | September |
Kroger | Field & Vine | Produce | July |
Giant Food Holdings | New Coast Foraging Company | Grocery basics | February |
SpartanNash | Finest Reserve | Pizzas, pastas, spices & wine | February |
Recent SNAP integration and innovations by third-party platforms | ||
---|---|---|
Announced | Significance | |
Instacart | Nov. 2024 | First online grocery platform to launch a SNAP eligibility screener after SNAP acceptance in 2023. |
GoPuff | Nov 2024 | First and only instant commerce retailer to gain USDA approval for accepting SNAP EBT. |
Uber Eats | Oct. 2024 | Now accepting SNAP nationwide at select grocers under Albertsons Companies. |
Shipt | Jun. 2024 | Can now use SNAP EBT as payment for grocery deliveries from Target and Meijer. |
Thrive Market | Feb. 2024 | First online-only retailer to receive USDA approval to accept SNAP EBT. |
DoorDash ramps up partnership with grocers for grocery delivery | ||||
---|---|---|---|---|
Grocer | Partnership | Service | New or Expansion | Month Announced |
Fresh Encounter | DoorDash | On-demand delivery | New | November |
Wegmans | DoorDash | On-demand delivery | Expansion | October |
H Mart | DoorDash | On-demand delivery | New | September |
Save A Lot | DoorDash | On-demand delivery | New | July |
Wakefern Food Corporation | DoorDash | On-demand delivery | New | April |
Vallarta Markets | DoorDash | On-demand delivery | New | April |
Giant Eagle | DoorDash | On-demand delivery | Expansion | March |
Rouses Markets | DoorDash | On-demand delivery | New | March |
Ahold Delhaize USA | DoorDash | On-demand delivery | New | February |
La Michoacana Meat Market | DoorDash | On-demand delivery | New | January |
Albertsons | Instacart | Albertsons Rapid | Expansion | July |
Food Lion | Instacart | Food Lion Home Delivery | Expansion | May |
Hy-Vee | Instacart | Instacart fulfillment | Expansion | February |
Save A Lot | Uber Eats | On-demand delivery | New | June |
Weis Markets | Uber Eats | On-demand delivery | New | March |
Fresh Market | Shipt | On-demand delivery | New | November |
Albertsons | Grubhub | On-demand delivery | New | June |
Save Mart Co. - Lucky Supermarkets | Amazon | On-demand delivery | New | May |
Grocer | Partner | Service/Purpose | Announced |
Albertsons Co. | The Trade Desk | Tool to measure incremental sales | Jan. 2025 |
Kroger Co. | TransUnion | API to measure performance | Jan. 2025 |
Albertsons Co. | None | Collective TV | June 2024 |
Kroger Co. | Yahoo Advertising | Deliver meaningful messages to targeted audiences | May 2024 |
Albertsons Co. | Rokt | Expand ad partners and capabilities | May 2024 |
Albertson Co. | Criteo | Demand and supply-side advertising capabilities | Jan. 2024 |
Albertson Co. | Capgemini | Intelligent process automation and gen. AI | Jan. 2024 |
New retail media network launches or enhancements in 2024 | |||
---|---|---|---|
Grocer | Partner | Investment | Announced |
Hy-Vee | Grocery TV | Digital screens | December |
Save A Lot | Retail Fluent Media | Digital screens | November |
Ahold Delhaize | Vibenomics | In-store audio strategies | October |
ShopRite | Grocery TV | Digital Screens – select pharmacies | August |
Homeland | Quad/Graphics Inc. | In-Store Connect | July |
Northeast Grocer | Inmar Intelligence | Wakefern Media Exchange | July |
Ahold Delhaize | Placements.io | Enhance efficiencies of AD Retail Media | June |
Harp Food Stores | Grocery TV | Digital screens | June |
Save Mart Co. | Quad/Graphics Inc. | In-Store Connect | April |
Wakefern Food Corp. | Inmar Intelligence | Northeast Grocery Shopper Link | March |
Dierbergs | Swifly | App | March |
Save A Lot | Swiftly | Retail media network | February |
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