• The Seattle Times report that "A bankruptcy judge in Delaware has greenlighted Albertsons’ bid to take over what’s left of Haggen, bringing a supermarket saga of bold ambition and rapid failure to an end. The $106 million deal, announced earlier this month, also brings an eight-decade-old Bellingham institution into the bosom of one of America’s largest grocers.
"The Haggen brand will live on, however. Of the 29 so-called “core” stores in Washington and Oregon that are going into Albertsons’ hands, 15 in Washington will still carry the Haggen banner. These stores will continue to be run from Bellingham, focusing on organic and local products."
• Business Insider reports that Trader Joe's "appears to be slashing prices, which could put new pricing pressure on Whole Foods Market (WFM), according to Deutsche Bank analysts.
"They checked the prices on 77 similar items at a New York-based Trader Joe's store and nearby Whole Foods and found that Trader Joe's was about 26% cheaper. The basket at Trader Joe's was $240 while the one at Whole Foods was $303. That's a wider price gap than in previous checks, leading analysts to believe that Trader Joe's is implementing across-the-board price cuts, similar to what the company did a couple of years ago."
• Supervalu yesterday announced that "it plans to transition to selling 100 percent cage-free eggs at its grocery retail banners by 2025 or sooner based on available supply, affordability and customer demand. Currently, cage-free eggs account for nearly 12 percent of the company’s total grocery retail egg sales."
At the same time, Pennsylvania-based Weis Markets announced that it also will transition to entirely cage-free eggs by 2026.
- KC's View: