A new supermarket chain listed on the Australian stock exchange is set to revolutionise the industry, amid concerns it encourages shoppers to dodge Australian tax laws. Supermarket chain AuMake International is designed for the Chinese shopping phenomenon known as "daigou" where shoppers purchase premium Australian products to send to China. (au.news.yahoo.com)Germany: Bünting strengthening its business
Bünting has been undergoing a large change program in order to remain competitive. It has concentrated on the food business, investing extensively in conversion and expansion of its markets, and has been reducing costs where possible. These strategic moves have helped to make the organisation faster and more efficient and the success is expected to be reflected in positive sales growth this year. Bünting's online supermarket, myTime.de, has won the 2017 award for best online supermarket in Germany. (igd)France: Auchan invests further in Senegal
France-based Auchan has acquired the supermarket chain Citydia, which operates nine stores in Dakar. The acquisition was said to cost €14m and could require further conditions before it is completed. (igd)South Africa: Shoprite provides Q1 trading update
South Africa-based Shoprite has released a trading update for the first three months of its financial year saying turnover had risen 6.4%. However, the retailer’s strong performance in its home market offset slower growth across the rest of Africa. Despite the challenging market and economic conditions in South Africa, Shoprite said that its Supermarket division in the country had enjoyed sales growth of 8.1%. The performance was particularly strong given that Shoprite said internal inflation had stood at only 0.9% during the quarter, versus 7.2% in Q1 2016. (igd)US: Grocery Headquarters readies for relaunch of Winsight Grocery Business
Following its June 2017 acquisition of Grocery Headquarters, Winsight LLC is embarking on its first foray into the retail food arena with the launch of a new B2B retail food brand. Winsight Grocery Business makes its official debut on Nov. 1, and will add a robust layer of clout to the Chicago-based business media company's existing food and beverage portfolio, which includes publications, events, market research and information hailing from its fellow brands: Technomic, CSP, Convenience Store Products, Restaurant Business and FoodService Director. (groceryheadquarters.com) US: Shoprite cooperative Wakefern reports $16.3mln in yearly sales
Wakefern Food Corp. reported record retail sales of $16.3bln for the 52-week fiscal year ending September 30, 2017, a 1.5% increase from the prior year. Wakefern is the nation’s largest retailer cooperative in the nation, with stores in New England, the Northeast and into Maryland and Virginia. Wakefern and its members opened four new ShopRite stores - two The Fresh Grocer stores and two Price Rite Marketplace stores - during the fiscal year. (http://delawarebusinessnow.com)