Canada: T&T Supermarket set to expand to London, Ontario in 2024
As one of the fastest growing supermarket chains in Canada, T&T Supermarkets announced that it will be opening a new store in London, Ontario. The company confirmed the store, which is expected to open in Summer of 2024, is located at 530 Oxford St W, the southeast corner of Oxford St W and Wonderland Rd. At 39,000 square feet, it will be the largest Asian supermarket in town.
Source: newswire.ca
US: Costco Wholesale Corporation reports March sales results
Costco Wholesale Corporation (“Costco” or the “Company”) reported net sales of $21.71bln for the retail month of March, the five weeks ended April 2, 2023, an increase of 0.5% from $21.61bln last year. For the thirty-one weeks ended April 2, 2023, the Company reported net sales of $137.77bln, an increase of 6.0% from $130.00bln last year.
Source: globenewswire.com
US: Instacart hikes valuation 18%, The Information reports
Delivery giant Instacart raised its internal stock price by 18% in late February compared with December, according to reporting by The Information, which cited a person with direct knowledge of the matter. Instacart’s improvement reflects financial results from December, January, and February, according to the report, which also noted that the new price of stock issued to employees implies a valuation of about $12bln, up from about $10bln.
Source: supermarketnews.com
US: Meijer announces May 11 as opening date for new supercenter in Elkhart
Meijer announced that it will open a new 159,000-square-foot supercenter in Elkhart, Indiana on May 11, making it the 11th Meijer store in Northern Indiana. The supercenter will feature all the products Meijer customers have come to expect, including grocery staples, fresh produce, bakery, meat, and deli, as well as a floral area.
Source: prnewswire.com
US: Playa Bowls celebrates the launch of its new mango base with two newly created bowls
Playa Bowls, the nation's leading superfruit bowl shop specializing in bowls such as acai and pitaya, oatmeal, chia, smoothies, juices, cold brew and more, is celebrating the launch of its newest and juiciest base yet, Playa Mango. Starting April 5th, guests can add the Playa Mango base to any bowl or try the new mango-based Spring specials available at participating Playa Bowls' shops nationwide. Limited-time bowls include the Goldie Mango, topped with blueberry flax granola, banana, strawberry and Nutella or the Mango Mama made with a blend of Playa Mango, Playa Pitaya and chia pudding base topped with blueberry flax granola, mango, banana, coconut flakes and almond butter.
Source: prnewswire.com
US: Sprouts Farmers Market announces grand opening of Lancaster location, April 28
Sprouts Farmers Market is excited to announce it will open its newest store in Lancaster on April 28, located at 43668 15 St. West in Lancaster, California. A ribbon cutting will take place Friday morning at 6:45 a.m. The doors to the store will open at 7 a.m. The community can look forward to seeing locally produced products line the shelves including fresh fruits and vegetables from ECO Farms, G&M Farms, George Perry and Sons and more.
Source: about.sprouts.com
Fewer than two-fifths of Italians satisfied with grocery shopping experience
Just under two fifths (39%) of Italian consumers are satisfied with their supermarket shopping experience, according to a study by Bain & Company. The choice of fresh products, such as fruit and vegetables, butchery, fish, delicatessen, and dairy products, is of decisive importance, it found.
Source: esmmagazine.com
German online sales fall 15%
In German ecommerce, online sales of goods fell 15% in the first quarter of 2023. Bevh, the German federal association for ecommerce, released the statistics. These are the results of a survey under 40,000 Germans aged over 14 about their consumption and spending behavior.
Source: ecommercenews.eu
UK: Data confirms supermarket ranges becoming healthier after manufacturers reformulate products
New Kantar Worldpanel data, released by the Food and Drink Federation (FDF), confirms that the average shopping basket in the UK has become healthier in recent years. This is based on metrics developed by the government to enable nutritionists to ‘score’ food, looking at a range of factors from sugar to protein to fruit and vegetable content.
Source: kamcity.com
Germany: Tegut to acquire organic supermarket chain basic
German food retailer Tegut has announced plans to take over organic supermarket chain, basic, which it claims has run into 'financial difficulties'. Basic has over 19 outlets and employs approximately 500 people in its stores and headquarters in Munich.
Source: esmmagazine.com
Kenya: Naivas to open six more stores in 100 outlet race
Retail chain Naivas plans to open six more stores in the next two months as it races to a record 100 stores by any retailer in the region. The six outlets follow the supermarket chain's hitting the 91 mark in December 2022 which the firm had earmarked as part of its the plan to hit a million-dollar store in market value.
Source: the-star.co.ke
Greece: Relatively low grocery prices
Supermarkets in Greece generally have lower prices than other countries in Europe, but this is a phenomenon that is mainly related to the fact that in Greece most vegetables and fruits are cheaper and in general products sold in bulk. According to research carried out by the Research Institute of Retail Consumer Goods (IELKA) on 45 product categories, it appears that the average shopping basket in Greece has a value of 184.50 euros, the lowest in the survey, with the second cheapest basket in Portugal worth €185.2. From the analytical data of the research, it appears that Greece is relatively cheaper for products such as onions (€1.19 per kilogram) and apples (€1.82/kg, with France more expensive at €2.88/kg), frozen fish (€10.98/kg) and fresh beef (€11.67/kg).
Source: ekathimerini.com
Ozon reports 55% jump in 2022 revenue
Online retailer Ozon said its 2022 revenue jumped 55% to 277.1bln roubles ($3.4bln) but costs related to a major fire in a fulfilment centre pushed it to a larger annual loss.
Source: reuters.com