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Shoprite: 14.2% jump in H1 earnings
SuperValu: Record salesThailand: store operator CP ALL profit up 20%, beats estimates
Thailand’s largest convenience store operator, CP ALL Pcl posted a net profit of 19.9bln baht ($631.55mln) for its 2017 fiscal year, up 19% on revenue growth and a strong performance from its subsidiary. CP ALL beat estimates of 19.4bln baht based on a Reuters survey of 14 analysts. CP ALL is controlled by Thai billionaire Dhanin Chearavanont, and currently operates over 10,000 7-Eleven convenience stores in the country. This year it plans to add 700 new stores with a goal of reaching 13,000 by 2021, targeting tourist destinations.
Botswana's Choppies: up to 30% H1 profit jump on S.African operations
Botswana’s supermarket chain Choppies Enterprises flagged up to a 30% increase in half-year profit late on Monday, buoyed by improved performance at its South African operations. The budget retailer, with operations in seven African countries, expects headline earnings per share for the six-months ended Dec. 31 to increase by between 20% and 30% to between 5.42 thebe and 5.88 thebe per share. “The increase has been driven mainly by an improved performance by the South African Operations,” the company said in a statement.
Denmark retail sales falls 0.2% in January
Denmark retail sales fell 0.2% in January from the preceding month, its statistics department revealed. The drop came following a record high November. Among the product category, clothing, etc. fell 2.9% in January from December. Similarly, food and other groceries fell 0.5%. On the other hand, other consumer goods product group advanced 0.6% during the period under review.
Ireland: SuperValu posts record sales, plans €40mln investment
Irish retailer SuperValu has announced that it posted sales of €2.7bln in 2017 – a new record for the supermarket chain. The retailer, which is owned by the Musgrave Group, also revealed today that it plans to invest €40mln in new stores, revamps, and online expansion. This will include three new stores and 50 refurbishments, and brings the total store investment by SuperValu retailers to €110mln since 2016.
South Africa's Shoprite posts 14.2% jump in H1 earnings
Shoprite Holdings, Africa’s biggest grocer, posted a 14.2% jump in half-year profit, boosted by a strong performance in its core domestic supermarket operations. Shoprite, which also vies in South Africa with Pick n Pay and Wal-Mart’s Massmart unit, reported diluted headline earnings per share (HEPS) of 525.2 cents for the six months to end-December, compared with 460 cents a year earlier.
Amazon India: 15 new fulfilment Centres for its grocery delivery service
Amazon India has opened 15 new Fulfilment Centres (FC) for its app-only hyperlocal grocery delivery service Amazon Now. The new FCs are equipped with temperature controlled zones, to store perishable products such as fruits & vegetables (F&V), dairy products, chilled & frozen products. Besides this, the centres will store smartphones, laptops, kitchen appliances, other consumer electronic products, beauty products and household supplies. The e-tailer said in its statement that these dedicated (to Amazon Now) centres, had close to 120,000 cubic feet of storage space for hyperlocal deliveries in key metros. The service is currently available in Bangalore, Mumbai, New Delhi and Hyderabad.
US: Sam's Club partners with Instacart to deliver groceries
Warehouse chain Sam’s Club, a unit of Walmart Inc, said it will offer home delivery through Instacart, becoming the latest retailer to partner with the startup since Amazon.com Inc strengthened its push into food sales last year. Sam’s Club said the service will be available to shoppers in Austin and Dallas-Forth Worth in Texas, and St. Louis, who can place orders for everything from fresh produce to small appliances without a membership.
US: SpartanNash launches banner-specific mobile apps
SpartanNash has launched mobile apps specific to each of its banners: Family Fare Supermarkets, D&W Fresh Market, VG’s Grocery, Family Fresh Market, and Forest Hills Foods. Available for iOS and Android devices, the apps let users shop the Fast Lane grocery ecommerce service for mobile purchasing at any of 40 participating locations, making it even easier to place kerbside pickup or at-home delivery orders. Customers at each banner can also manage their Yes rewards account, join clubs – which change often and encourage store guests to save money on the purchases they make most – earn rewards and track their progress toward additional savings, all from the convenience of their phones.
US: Shoppers Value to acquire 7 Winn-Dixie stores
Southeastern Grocers is continuing to shed its Winn-Dixie stores in the Gulf States. The company, which last week announced a deal to sell eight units in Southern Louisiana to Brookshire Grocery Co., separately said it would sell another seven to Shoppers Value Foods, the Baton Rouge-based operator of 12 “cost-plus” concept stores. A purchase price was not disclosed. Shoppers Value said the deal would bring its concept to the New Orleans market for the first time.
CA: Loblaw signs deal with Metrolinx
Loblaw Companies Ltd. announced it will launch a new service in the spring that allows commuters to order groceries online and pick them up at one of five Go Transit stations in the Greater Toronto Area the next day. “This is a logical extension of our increasingly popular e-commerce services, and the growing customer appeal for ordering groceries online and picking them up when it’s most convenient,” said Jeremy Pee, the company’s senior vice-president of e-commerce, in a statement.
US: Sprouts takes aim at Mid-Atlantic
Sprouts Farmers Market next month will enter the Mid-Atlantic states for the first time, and officials like what they see there: high spending and dense populations interested in healthy eating, but largely served by conventional supermarkets. Sprouts’ first store in the Mid-Atlantic is scheduled to open in Ellicott City, Md., on March 14.
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