Worst to come for food price rises, Tesco boss says The chairman of Britain's biggest supermarket has warned "the worst is yet to come" on rising food prices. Tesco's John Allan told the BBC he was aware people were on very tight budgets and having to choose between food and heating "troubles us". Source: bbc.com
Belgium: Colruyt takes new step towards e-commerce with stake in Smartmat Colruyt Group is taking an interest of more than 40% in Smartmat, the company behind Rayon online supermarket and meal kits by Foodbag and 15gram. In doing so, the group wants to strengthen its online food offering. Source: retaildetail.eu
COVID-19 accelerates sales of South Korea's online grocery products and food delivery services Amid a coronavirus pandemic, South Korea's online shopping sales of food and grocery products surpassed 2.2tln won ($1.8bln) only in December 2021, up 11.2% from a year ago. The total online shopping transaction amount exceeded 18tln won and mobile transactions accounted for 73.9% of the total online shopping sales. According to Statistics Korea, the national statistical office, the online shopping transaction amount reached 18.4tln won and mobile shopping transactions reached 13tln won in December 2021. Source: ajudaily.com
UK: SPAR reports robust Christmas and New Year trading SPAR has revealed that its year-on-year sales grew by 2.3% over the 4 weeks to 2 January 2022, with growth of 13.2% on a 2-year basis. In the latest period, the symbol group’s total grocery category rose by 14% year-on-year. Total fresh sales increased by 7.1%. Source: kamcity.com
Italy: Conad takes over 17 supermarkets from L’Alco Italian supermarket group Conad has finalised an agreement for the takeover of 17 stores from L’Alco Group. Last November, Conad Centro Nord achieved competition authority approval for the takeover of the assets in the Lombardy region, for a total cost of €23.7mln. The sale is part of an arrangement with the creditors of L’Alco, whose debts total around €137mlnn. From 23 February until the end of April, Conad Centro Nord plans to re-open the stores, updating their layout and expanding the assortment of private label products, according to Brescia Oggi. Source: esmmagazine.com
Australia: Woolworths Group symbolises its collective impact on a Better Tomorrow Woolworths Group is rolling out a new brand identity to better symbolise its evolution and what its collective businesses and platforms stand for today. With a connected and unified purpose at its heart, the new symbol showcases the impact Woolworths Group can have when it comes together in partnership with others to create change for a better tomorrow. Source: woolworthsgroup.com.au
UK: Aldi provides latest evidence that vegan market is soaring More evidence for the sharp rate of growth in plant-based foods came from Aldi, as it announced a 500% increase in sales during January. The rise, attributed to customers deciding to go vegan for the month as a New Year resolution, came as Aldi decided to expand its vegan range by 50%. The supermarket said the plant food trend is not confined to so called Veganuary, as it also saw a 250% rise in vegan sales through 2021. Source: talkingretail.com
UK: Majority of consumers think farmers care about the planet and have a positive impact on the environment New consumer research from AHDB shows 65% of consumers think UK farmers care about the planet, ahead of all others in the food supply chain. And regardless of dietary choice, just under half think UK farming practices have a positive impact on the environment. Source: ahdb.org.uk
Dada Group delivers a report on holiday consumption during Chinese New Year Dada Group, China's leading local on-demand delivery and retail platform, delivered a holiday consumption report for Chinese New Year 2022, which compiles sales data on the JDDJ platform and JD Shop Now from January 7 to February 4. The CNY must-have product list: Dairy products, edible oil, liquor, cherries, chocolate, puffed food, nuts, and biscuits are all among the JDDJ's top 20 best-selling products. Moreover, cherry and strawberry become the most popular fruits. Source: prnewswire.com
Russia: Magnit reports 33.7% total sales growth Magnit PJSC (Magnit, the Company), one of Russia’s leading retailers, announced its 4Q and 12M 2021 operational and unaudited financial results. 4Q 2021 key operational and financial highlights: Total revenue increased by 33.7% y-o-y to RUB544.6bln. Total revenue adjusted for the Dixy acquisition increased by 14.6%; Net retail sales reached RUB530.7bln increasing 34.3% y-o-y. Net retail sales growth adjusted for the Dixy acquisition was 15.6%. Source: magnit.com
UK: Iceland and The Food Warehouse tap RangeMe platform Iceland and The Food Warehouse have teamed up with global product discovery platform RangeMe. They now have access to more than 800,000 products from over 200,000 suppliers. Their team of buyers will tap RangeMe’s software to discover brands and products faster, connect with suppliers, request samples, and discuss next steps. Source: retailtechinnovationhub.com
Carrefour Brasil to develop autonomous stores in condominiums Carrefour Brasil is planning to accelerate the opening of standalone, autonomous stores under the Express banner in residential condominiums. Speaking to daily O Estado de Sao Paulo, the Carrefour Brasil's proximity director João Gravata said that the retailer is set to invest more in the rollout of this new store model. He did not reveal, however, the value of the retailer's investment, nor how many stores will be opened. Source: esmmagazine.com
Higher costs halve Amazon's profits In the closing quarter of last year, Amazon saw its operating profit nearly halve, mainly due to increased costs. The e-commerce giant now announces a price increase for its popular loyalty programme Amazon Prime. The turnover of the American group increased in the period from October to December by 9% to 137.4bln dollars (120bln euros). Source: retaildetail.eu
US: Kroger delivery arrives in Metro Atlanta The Kroger Co., America's largest grocery retailer, announced the official opening of the Customer Fulfillment Center (CFC) in Forest Park, Georgia, a city south of Atlanta, powered by Ocado Group, a world leader in technology for grocery e-commerce. This marks an expansion of Kroger's national fulfillment network, providing the region with an e-commerce delivery service that combines vertical integration, machine learning, and robotics with affordable, friendly, and fast delivery of grocery items and fresh food. Source: prnewswire.com
US: Natural Grocers continues its momentum in Q1 Natural Grocers by Vitamin Cottage, Inc. is continuing to build upon its strong performance in the 4th quarter by posting sales and profit increases for 1st quarter of fiscal 2022. For the period ended December 31, 2021, net sales increased 4.6% from a year ago to $277.3mln at Natural Grocers. Along with increased engagement in the {N}power customer loyalty program, the higher net sales were driven by a 3.8% increase in daily average comparable store sales, with higher transaction counts and basket size. Source: progressivegrocer.com
Canada: Open until 2 AM, Ninja launches 10-minute free grocery delivery in Toronto Ninja Delivery, a Waterloo ultrafast grocery delivery start-up that launched amid the pandemic in 2021, is now expanding its operations to Canada's largest city. "We started Ninja to save people their most scarce resource: Time. This inspired us to build a service that feels like magic, and now we want to make it available to as many people as possible" said Wesley Yue, Co-Founder, and CEO, Ninja Delivery. Source: newswire.ca
Publication date: Mon 7 Feb 2022 Author: Rogier Peterse © FreshPlaza.com
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