Italian discounter MD has reported an increase of 11% in sales
Discounter MD is announcing that they has surpassed EUR3.4bln of turnover by 2022 with an rise of 11% when compared with the year prior. The business, which is the third biggest discount chain in Italy having 800 stores and 900 stores, reported the net income of EUR72.4mln (+2.7 percent).
Source: esmmagazine.com
Ireland: ALDI unveils its brand new and improved Athy “Project Freshly enhanced” store
ALDI’s Athy Co. Kildare “Project Fresh” Store has opened its doors to the public following a massive renovation which is estimated to cost EUR1mln that will see the interior of the store fully renovated. Athy is the very first store that will test the new layout of ALDI’s Project Fresh Enhanced layout.
Source: retailnews.ie
UK The demand for local grown vegetables rises by 15% due to the shortages in supermarkets
Following the widespread vegetables and fruits shortages which left shelves in supermarkets at a standstill in February, the demand for local-grown vegetables has increased up to 15 percent, the latest research suggests. This year, research by Ginsters discovered that 47 percent of Brits confess to having a poor or no knowledge about how the vegetables they consume are produced, and a fifth of them have not had a chance to see a plant grow even once.
Source: grocerygazette.co.uk
UK Supermarkets are accused of keeping prices for food at a record
Supermarkets are accused of not doing enough to stop price increases for food as the cost of food reached a record-high. According to the Office for National Statistics (ONS) stated that, while international price of food had started to decrease, retailers had not been able to share this with customers. “You might expect to see these decreases] being reflected in supermarkets, but we’re not there yet” according to the ONS informed the BBC.
Source: retailgazette.co.uk
UK: First Morrisons Daily begins in conjunction with Amacor
Amacor is launched its initial Morrisons Daily in Newton Le Willows, Merseyside, with additional stores scheduled to be opened within Bradford and Blackpool in the coming months. Fresh food stores provide customers with a personalised assortment of Morrisons own-brand products, as well as the popular brand names.
Source: talkingretail.com
UK: Sainsbury’s launches “Pocket Friendly Prices’ price campaign in its convenience retail
Sainsbury’s launched the latest price-related campaign in its convenience stores in order to advertise “Pocket-Friendly Prices”. The retailer introduced signs into its 800 convenience stores earlier in the week as per The Grocer which showcases prices that are low for the products, including chicken breasts made from its own brand along with butter and cherry tomatoes.
Source: retailgazette.co.uk
UK The expensive delivery of groceries online Can supermarkets ever turn a an income?
Chair of CIM Food Drink and Agriculture Group, Mark Dodds says: “For many supermarkets, the delivery service offered online is seen as a “necessary evil” and some even paying for each delivery due in major in part due to higher costs as well as inventory management and a heightened sensitivity to price of customers. One method companies are trying to fill the gap through increasing the cost of home delivery. However, it’s a tricky to follow from one end to the other”. What is the likelihood for grocery stores to profit from their delivery online services?
Source: grocerygazette.co.uk
US: WARP launches DirecTrack the first of a series of tracking software that provides shipping companies with Amazon-level traceability for shipment at the truck pallet and parcel levels
WARP, an electronic freight service that specializes in middle-mile solutions, recently announced DirecTrack the company’s new collection of tracking tools which provides shippers with the most complete levels of visibility into their cargo at the pallet, truck as well as parcel level, which includes temperature monitoring.
Source: globenewswire.com
US: Whole Foods plans to eliminate hundreds of corporate jobs
Hundreds of positions at the corporate level are set to be eliminated from Whole Foods Market, according to a memo sent internally by the Amazon-owned grocery store which was made available to Winsight Grocery Business. The retailer also intends to cut down the number of areas which oversee the more than 500 stores from nine. These cuts won’t cause store closures, nor any layoffs for employees who are who are not employed in the corporate level The company stated.
Source: winsightgrocerybusiness.com
US What Hy-Vee did to harnessed the power of its food hall
“Seventy per cent of our clients say they don’t know the food they’ll prepare for dinner when it gets to four in the afternoon” According to Ryan Robertson, executive vice director of food and beverages. “So the idea behind our food halls is providing high-end items and an array of.”
Source: supermarketnews.com
US: Walmart releases 2023’s Annual Report, as well as a Proxy Statement
Walmart Inc. published the 2023 annual Report and also filed the Proxy Statement as preparation to host its Annual Shareholders meeting on May 31st 2023. Shareholders are able to take part in the meeting on their own. The meeting will not be held in a venue for the meeting. This report for the year 2023 Annual Report emphasizes the strength of Walmart’s finances and position as a people-centric technology-driven omnichannel retailer committed to helping customers to save money and live more comfortably.
Source: corporate.walmart.com
US: GetGo sells four stores at $19.5mln
GetGo Cafe + Market c-store division of the supermarket chain Giant Eagle, has sold four of its stores in Indianapolis the city, a spokesperson from Giant Eagle said via email. The store was transferred for $19.5mln in cash to Darshan Darar, an independent retailer that owns around 20 fueling and c-store locations located in Indianapolis, Pat Rooney, the lawyer who represented the purchaser, told during an interview. Darar bought the GetGo stores under four distinct companies, Rooney said. GetGo is not planning to shut down any of the GetGo establishments in Indiana in which it currently manages 58 stores, nine of them situated in Indianapolis according to the spokesperson.
Source: cstoredive.com
Source: The Plantations International Agroforestry Group of Companies