Spain: Auchan Retail reduced capital expenditure in 2019
Auchan Retail Spain invested €39.4mln in capital expenditure in 2019, around two-thirds less (64%) than the previous year, according to reports. The group opened 17 new stores in the period, taking its total to 339 outlets, of which 156 are franchised outlets, according to Distribución Actualidad. Much of the investment went towards upgrading and renovating its outlets, digital transformation and implementing sustainability measures.
UK: SPAR unveils flagship convenience store
SPAR UK partner Appleby Westward has unveiled a flagship company-owned convenience store for the region after a major redevelopment project. The 279m² SPAR store in Bridport, Dorset, a former Woolworth’s store in the town’s busy East Street, has been redeveloped throughout in a £265,000 capital investment programme.
Romanian payment processor launches food order & delivery platform
Digital payment processor Netopia Payments has launched mobilPay Delivery, a platform that allows users to order from restaurants, stores, and local producers, Startupcafe.ro reported. In the pilot period, some 20 Bucharest restaurants joined the platform, including La Mama, Speed Pizza, Sushi House, or Burger Van. The company estimates more than 100 restaurants will enrol by the end of the year. The company said it would soon add a Stores section for retailers of fruits and vegetables, honey and honey products, ice-cream, wine, coffee, or traditional products.
Russia: Magnit announces changes in the financial block
Magnit PJSC (the Company), one of Russia’s leading retailer, announces changes in the financial block. Elena Milinova who held the position of the Chief Financial Officer made a decision to leave the Company. From July 15, 2020, Dmitry Ivanov is appointed acting Chief Financial Officer of JSC Tander.
Holland: Jumbo wants to double online hubs - top result in Q1 / Q2 2020
Jumbo’s consumer turnover amounted to €5.10bln this half year, an increase of €634mln compared to the first half of 2019. Organic turnover growth of the existing Jumbo stores was 9.5% and again above average market growth of 8.5% (source: Nielsen). Jumbo’s increase in turnover is partly due to the shopping behavior of consumers during the corona crisis. Jumbo customers spent more on their daily groceries. Many new customers have discovered the convenience of Jumbo.com during this period. As a result, online shopping boomed with a realized turnover increase of almost 50%.
DIA Q2 2020 trading update
DIA Group (“DIA” or the “Group”), an international food retailer that operates in Spain, Portugal, Brazil and Argentina, issued a trading update for the second quarter of 2020: 15% Like-for-Like growth with all markets positive for first time since Q4 2016. 6% Group Net Sales increase from smaller store network and in the face of Brazilian and Argentinian currency effects. Growth in e-commerce following proactive push - online offer now active in all markets.
Central Retail Vietnam revenues surpass US$1.1bln after rapid expansion
Thai retail conglomerate Central Group plans to cover 90% of Vietnam’s provinces within 5 years via subsidiary Central Retail. Central launched in Vietnam in 2012, initially with fashion merchandising before taking stakes in local electrical appliance chain Nguyen Kim (which it now owns 81.5% of) and Lanchi Mart supermarket in 2015. As of last month, Central Retail Vietnam operates 35 malls (most anchored by Big C hypermarkets) and 230 stores across 39 out of the nation’s 63 provinces. It is the largest multinational retail company operating in Vietnam with a customer base of about 12mln and revenues of US$1.17bln last year. The country already accounts for about 20% of the parent company’s sales.
UK: Tesco supports online refillable container scheme
Tesco is taking part in trials of a new scheme where online shoppers are able to buy leading food, household cleaning, and toiletry brands in reusable containers which are delivered to their door, then collected once used and sanitised to be refilled. The supermarket group has joined forces with ‘zero waste shopping platform’ Loop to pilot the scheme that has the potential to significantly cut down on plastic waste and other single-use packaging.
Alibaba helps Asia's malls go online after virus upends retail
Marina Square Shopping Mall - nestled among luxury hotels and popular tourist attractions in central Singapore - is taking more than 30 of its tenants online with Lazada, the Southeast Asian unit of Alibaba Group Holding Ltd. It's the first shopping center in the city-state to create a mini virtual replica of its physical mall. "It's a new concept in Singapore", James Chang, chief executive officer of Lazada Singapore, said in an interview. "From a shopping mall's perspective, it could be seen as competition, but we worked out this partnership because it provides visibility and awareness of the tenants and offline mall." (Bloomberg)
US: Stop & Shop launches dietitian program
Stop & Shop is playing nutritional matchmaker for consumers. The food retailer said it has launched a program called Nutrition Partners. “Available digitally at no cost to customers, the program connects Stop & Shop shoppers with licensed Registered Dietitians for nutrition consultations and help with making healthier food choices”, the food retailer said. “Stop & Shop’s team of dietitians will also offer free online webinars and educational resources like newsletters, plus quick and easy recipes to make at home”.
US: ALDI earns 'Grocery Value Leader' title for 10th year running
ALDI is proud to announce that for the 10th consecutive year, it has earned the title of Value Leader in the Market Force Information® Grocery Benchmark Study, which surveys thousands of U.S. shoppers about their grocery buying preferences. In addition to earning the top spot for value in 2020, ALDI private label brands were named the most preferred among U.S. consumers.
Amazon eyes new grocery stores for Philadelphia area
Amazon appears ready to build new grocery stores in the Philadelphia region, the latest signal of how the e-commerce operator wants to grab more of the food retail market. The company is eyeing three locations in that area for its food retail concept, according to the Philadelphia Business Journal. The stores would be less like an Amazon Go - which resembles a convenience store - and more like a traditional grocery store.
US: Walmart, Kroger will require customers to wear masks at their stores
Walmart, the nation’s largest retailer, and Kroger, the largest supermarket chain in the U.S., said that they will require all customers to wear a mask or face covering. A growing list of retailers have announced the policy as coronavirus cases rise across the country and raise the risk of government-required lockdowns. The new requirement at Walmart and Sam’s Club stores takes effect July 20. Kroger said it will require customers to wear masks or face coverings starting July 22.