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Report: Delhaize considers Market Basket bid
Tewksbury, Mass. – Delhaize Group, parent company of Maine-based supermarket chain Hannaford Bros. Co., is reportedly making a bid for part or all of the embattled Market Basket grocery chain. Market Basket operates 71 stores in Massachusetts, New Hampshire, and Maine, and has been embroiled in a dispute with employees over management since July.
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Coupons.com on road to digital redemption
Sales at Coupons.com surged 32% in the second quarter, but the digital coupon provider reported an increased loss as stock-based compensation expenses ate into profits.
Total revenue increased 32% to $51.7 compared to $39.1 million while the company reported a loss of $6.9 million, $6.7 million of which was related to stock-based compensation, compared to a prior year loss of $2.9 million. On an adjusted basis, the company said profits increased to $3.7 million from a $100,000 profit the prior year.