Canada: Save-On-Foods opens new store in British Columbia
Save-On-Foods is opening its seventh store in Kelowna, British Columbia, on Thursday (June 13). The store will be located in Pond’s Development’s new Mission Village at 940 Frost Road. Shoppers can expect Save-On-Foods dishes, fresh meat and seafood, a new bakery, flowers and plants, produce and other products.
Source: canadiangrocer.com
United States: Grocery e-commerce sales declined slightly in May
According to data released by Brick Meets Click and Mercatus, e-commerce grocery sales totaled $6.8 billion in May, down just under 1% from the same period a year ago. Pickup orders accounted for nearly half of U.S. digital grocery sales, while delivery accounted for about a third of the market, with home delivery channels accounting for about 19% share.
Source: grossidive.com
US: Flashfood releases 2023 impact report: The future of food is waste
Flashfood released its second annual impact report, “The Future of Food is Waste,” at the ReFED 2024 Food Waste Solutions Summit, which features interviews with a variety of industry experts, a case study on Flashfood’s use of SNAP EBT, and an in-depth analysis of how food waste in the U.S. relates to nutrition and produce consumption.
Source: businesswire.com
Lidl to remain Romania’s top food retailer in 2023
Lidl maintained its position as Romania’s top food retailer by sales in 2023, a position it has held since 2020. The company recorded growth of 17.6 percent, above the rate of inflation, reaching 21.7 billion Romanian lei (4.4 billion euros). According to an analysis by online portal Economica based on financial results released by the Ministry of Finance, the German discounter made a net profit of more than 1.07 billion Romanian lei (215 million euros), up 2.2 percent year-on-year.
Source: esmmagazine.com
AWS Launches Infrastructure Region in Taiwan
Amazon.com’s Amazon Web Services (AWS) has announced that it plans to launch an AWS infrastructure region in Taiwan by early 2025. As part of its long-term commitment, AWS plans to invest billions of dollars in Taiwan over the next 15 years.
Source: businesswire.com
Belgium: Colruyt remains cautious despite profit surge
Corruyt Group’s revenues rose 11.9% to €10.8 billion last year. Operating profit increased 67.2% to €470 million and net profit increased 78.1% to €357 million. Corruyt Group remains very cautious about its outlook and this year the retail group hopes to achieve a performance on par with last year’s.
Source: retaildetail.eu
UK: FreshDirect launches seasonal products
Fresh Direct, the UK’s leading fresh produce supplier to foodservice, has launched its Summer 2024 range, which includes around 50 new British-grown products. With products such as Isle of Wight heirloom tomatoes, Padron peppers and British sweet corn being added to the range, the amount of British produce sold by Fresh Direct has increased to its highest level ever.
Source: feast-magazine.co.uk
IT systems and high costs eat into South Africa’s SPAR’s profits
South Africa’s second-largest supermarket retailer, SPAR Group, announced a 7.6 percent fall in half-year profit as rising costs outpaced sales growth that was lower than management expected and problems with IT systems hit gross profit margins.The grocer said pre-tax profit from continuing operations for the six months to March 31 fell 11.2 percent to 1.1 billion rand ($59 million) due to high finance costs.
Source: reuters.com
French retailer Casino will detail new strategic plan at end of year, CEO says
Reuters reported: “Casino’s new management will detail a strategic plan towards the end of the year to revive the struggling French food retailer, new CEO Philippe Palazzi said. The company is currently working on a plan to increase value,” Palazzi said, adding that a detailed plan would be announced “at the end of the year.”
Source: esmmagazine.com
Sweden: Axfood agrees to acquire City Gross for SEK 2 billion
Swedish retailer Axfood has reached an agreement with Bergendahl Food Holding to acquire 100% of food retail chain City Gross for 2 billion Swedish kronor (180 million euros), which the retailer said will be funded with a combination of existing cash and credit facilities.
Source: esmmagazine.com
SPAR Austria Academy Vienna recognized as “Ambassador School of the European Parliament”The SPAR Austria Academy in Vienna was recently accredited as a “School of Ambassadors of the European Parliament”. The accreditation was awarded by Federal Minister for EU and Constitutional Affairs Caroline Oetstadler.
Source: spar-international.com
Netherlands: Picnic achieves first gross profit thanks to robotics
Dutch online-only supermarket Picnik has achieved profitability in its home market for the first time since it was founded in 2015. “This is an important milestone for our company,” CEO Michiel Muller told Distrifood. The strong result was due to the company’s investments in robotics, which have doubled the efficiency of order fulfillment.
Source: retaildetail.eu
