US: Instacart now valued at $39bln
Solidifying its domination in the online grocery market, Instacart has raised $265mln as part of a new financing round that increases its valuation to $39bln - more than doubling its valuation of $17.7bln from October 2020.
Ghost Kitchens partners with Walmart Canada to bring one-stop meal pickup or delivery to more Canadians
Ghost Kitchen Brands (GKB) is excited to announce it is teaming up with Walmart Canada, its first partnership with a big-box retailer to bring one-stop meal pickup and delivery to more Canadians. The first Ghost Kitchen at Walmart is now open in the St. Catharines Walmart (420 Vansickle Rd.) with additional locations in Woodstock, Toronto, Lachenaie and Saint-Constant to open in the coming months.
US: Target keeps pandemic momentum going
It's clear that Target's "multi-channel shopper strategy" is working after the retailer reported a blockbuster holiday quarter of impressive sales and traffic growth. For the fourth quarter ended January 30, same store sales increased 20.5%, consisting of 6.9% growth at physical stores and 118% digital growth. Average ticket grew 13.1%. The company said that 12mln more guests became multi-channel shoppers during Q4. Target says it will invest $4bln annually over the next several years to open new stores and cut delivery times for online orders.
US: Schnucks partners with DoorDash in St. Louis
Schnuck Markets Inc. is enhancing its delivery offering by partnering with DoorDash to offer prepared foods on the DoorDash app at 5 Schnucks locations in the grocer's home city of St. Louis. Schnucks initially accelerated its delivery efforts when it first partnered with Instacart in February 2017 to launch Schnucks Delivers in the St. Louis area.
Bulgaria: SPMI signs deal to sell 50% of supermarket chain CBA
Bulgaria's CBA Asset Management said that its unit SPMI has signed a deal to sell its 50% interest in supermarket chain operator CBA to local CBA Invest for 1.125mln levs ($679,000/575,000 euro).
Aldi and Lidl lose out as UK online grocery sales hit new heights
Aldi and Lidl have lost share of the grocery market for the first time in more than a decade, while Tesco’s share rose for the first time since 2016, amid a surge in online shopping during the pandemic. Online grocery sales accounted for a record 15.4% share of the market in the 4 weeks to 21 February, up from 8.7% last year, as all the big supermarkets increased their provision for deliveries, according to market analysts Kantar.
Prague-based online grocery business Rohlik raises €190mln to launch in Germany and other European markets
Czech-Republic-based online supermarket Rohlik Group has raised €190mln from investors and announced that it will close FY2020 with €300mln in revenue, representing 101% annual growth, and 750,000 customers across 3 countries. The round is led by Partech, joined by Index Ventures, with participation from EBRD, J&T Banka, Quadrille Capital, R2G and existing investor Enern. The funds will fuel Rohlik’s expansion in its existing markets and its launch in Germany and other international markets.
IGA and DoorDash team up in Australia
IGA in Australia has teamed up with logistics provider DoorDash to offer grocery delivery from 100 of its supermarkets. DoorDash will help IGA ramp up its online grocery delivery business that it fast-tracked to market last year due to the global pandemic.
Denmark: SPAR opens flagship store in the centre of Copenhagen
SPAR Denmark last week opened a state-of-the-art SPAR Supermarket on St. Kongensgade, a well-known street in the centre of Copenhagen. The new store brings an expanded range of to-go, healthier choices, and local products to this vibrant area of the city. In May, SPAR Denmark will open another store in Frederiksberg, with an expanded convenience area, including food-to-go, an extensive choice of fruit and vegetables, fresh juices, and the SPAR Natural concept.
Germany: Record-breaking year for HelloFresh
HelloFresh ended the year very strongly and saw its sales more than double last year. In 2021, the meal-kit delivery company expects a growth of 20 to 25%. HelloFresh delivered more than 600mln meals worldwide in 2020, generating a total turnover of 3.75bln euros. Compared to a year earlier, this is a growth of 111%. The adjusted gross operating profit (AEBITDA) rose to 505.2mln euros, more than a tenfold(!) increase compared to 2019.
Holland: Crisp, an online-only supermarket, raises €30mln Series B led by Target Global
Crisp, an Amsterdam-based, online-only supermarket focused on fresh produce, has raised €30mln in a Series B financing led by leading Target Global and joined by Keen Venture Partners and the co-founders of Adyen and Takeaway.com. Crisp has now raised a total of €42.5mln to date. It plans to use the money to expand in the Netherlands, and eventually across Europe.
Spain: 3,000 jobs at risk at El Corte Inglés
Spanish department store chain El Corte Inglés is to undertake a major restructuring as a result of the corona crisis and the shift of sales to online. Some 3,000 jobs would be lost in the process. According to the management, the retail chain has an excess staff of 3,000 to 3,500 people, both shop staff and office staff. The main reason is increasing online sales.
Holland: Ahold Delhaize publishes 2020 Annual Report and issues convocation for 2021 Annual General Meeting of shareholders
Ahold Delhaize published its 2020 Annual Report, an integrated report that provides an overview of the Company’s financial and non-financial performance in 2020. Ahold Delhaize’s 2020 Annual Report will be on the agenda of the Annual General Meeting of Shareholders (AGM), which will be held on April 14, 2021. The convocation, the agenda (including explanatory notes), and other relevant documentation for the AGM are available via this link.
Spain: Eroski opened 52 franchise stores in 2020
Spanish retail giant Eroski has announced that it opened 52 franchise stores in 2020, investing over €7.8mln and creating approximately 312 jobs. The new stores, mainly located in autonomous communities, include 9 in Catalonia, 8 in Madrid, 7 in Andalusia, and 6 in the Balearic Islands, among others.
Global grocery retail to generate an additional $440bln in sales by 2022, IGD reports
The global grocery retail market is on track to generate an additional $440bln in sales between 2020 and 2022, yielding a 3.1% CAGR (compound annual growth rate), according to the latest forecast from global insight provider IGD. This follows an exceptional growth for grocery in 2020, which saw the top 20 markets grow by $280bn - an 8.8% YoY growth. Accelerated growth in most of the global retail market in 2020 was driven by a shift in consumer spend from out-of-home to at-home as a result of pandemic lockdown restrictions.
Chinese cashless supermarket technology eyes Europe
Chinese software company AiFi has opened the world' largest autonomous supermarket in Shanghai. AiFi has no ambitions as a retailer but wants to demonstrate its technology to interested parties. One of those parties has already jumped at the chance: Dutch company Wundermart, which is also active in Brussels. Albert Heijn also makes use of the technology.