EuroCommerce elects new president
EuroCommerce, the body which represents the retail and wholesale sector in Europe, has elected Juan Manuel Morales as its new president. Morales, who succeeds Régis Degelcke, will assume his new role on 1 July 2021 for 3 years.
Belgium: Falling market share puts Colruyt Group under pressure
The Colruyt supermarkets have lost market share as a result of the corona crisis, according to the annual figures of Colruyt Group. Sales just missed the 10bln euro mark and profit expectations are very uncertain. Colruyt Group's revenue increased by 3.7% to more than 9.9bln euros in the 2020/21 reporting period.
Croatia: Studenac takes over Bure Trgovina
Croatian supermarket chain Studenac has announced that it has acquired the Biograd-based retailer Bure Trgovina, as it continues to expand business in the country. The acquisition will enable Studenac to strengthen its leadership position along Croatia's Adriatic coast and as the second top retail chain in the country.
UK: Asda to rollout refill zones to more stores
Asda is rolling out its refill proposition to 4 more stores by the end of the year as the next step on its journey to help customers reduce, reuse or recycle their supermarket packaging. The supermarket will be trialling new refill configurations in stores, partnering with more household brands and engaging with customers in different parts of the UK to understand how best to encourage refill participation amongst as many customers as possible.
India to expedite Amazon, Flipkart antitrust probe as tech focus intensifies - sources
India's antitrust watchdog plans to expedite a restarted probe into allegations of anti-competitive behaviour at Amazon.com Inc and Walmart Inc's Flipkart, as it intensifies scrutiny of big-tech firms, 2 people close to the matter said.
US: DoorDash, Uber Eats, Instacart challenge major e-commerce retailers
Third-party providers of on-demand food delivery - including DoorDash, Instacart and Uber Eats - stand to overtake some of the biggest U.S. retailers in e-commerce sales by 2025, Edge by Ascential’s Retail Insight research arm projects. U.S. gross merchandise value (GMV) sales will more than double to $27.33bln at Instacart and $27.58bln at Uber Eats by 2025, surpassing Target.com, whose GMV sales are forecast to climb to $24.44bln in 2025 from $14.87bln in 2020, Edge Retail Insight said in releasing findings from its “Sizing the Delivery Intermediary Opportunity” study.
Canada: Instacart launches in Quebec
Instacart has rolled into the Quebec market. The San Francisco-based online grocery platform has launched in Montreal, where customers can order same-day delivery from around 25 Costco, Les Aliments M&M and Walmart locations. The service is available in English and French, marking the company’s first French-language experience.
Independent grocers play key role in boosting U.S. economy
Independent community grocers are a key factor in the U.S. economy, with positive effects nationwide regarding jobs, wages and taxes, according to the latest economic impact study from the National Grocers Association (NGA), the trade association representing the independent supermarket industry. While indies account for more than 1.1mln jobs - up from 944,200 in the last study - earning wages close to $39bln, wholesalers serving independent grocers provide 44,000-plus jobs that earn wages of almost $3.3bln. Further, the independent grocery industry is directly or indirectly responsible for close to 860,000 jobs in such other industries as agriculture, manufacturing and transportation, and generates federal, state and local tax revenues surpassing $36bln.
US: Google’s first retail shop to open Thursday
Google’s first brick-and-mortar store will open Thursday, June 17, at 10 a.m., 9to5Google reported. The store will offer the “full range” of Made by Google hardware and services. Users will be able to try out products, get installation help and resolve technical issues. They will also be able to attend how-to workshops offered throughout the year.
US: Stor.ai partners with Bringg for end-to-end grocery delivery orchestration
Stor.ai, the end-to-end digital commerce solution for grocers, announced a new strategic partnership with Bringg, the leading unified fulfillment and delivery orchestration solution for retailers. The partnership will equip enterprise retailers of all sizes with the ability to conduct deliveries using their own fleets, third-party logistics providers, or any other delivery form.
US: Just Eat Takeaway.com completes acquisition of Grubhub
Just Eat Takeaway.com N.V., hereafter the "Company" or "Just Eat Takeaway.com", and Grubhub Inc. ("Grubhub") are pleased to announce the completion of the Company's acquisition of 100% of the shares of Grubhub in an all-share combination (the "Transaction"). The Transaction represents Just Eat Takeaway.com's entry into online food delivery in the United States and builds on the strategic rationale for the Company's merger with Just Eat plc. As a result of the Transaction, the Enlarged Group is now built around 4 of the world's most attractive markets in online food delivery: the United States, the United Kingdom, the Netherlands and Germany, increasing the Enlarged Group's ability to deploy capital and resources to strengthen its competitive positions in all markets.
Amazon Fresh turns to autonomous checkout
Amazon is about to disrupt the grocery landscape yet again. The company is bringing is checkout technology to its Amazon Fresh grocery chain, which currently has a footprint of 13 stores. Starting June 17, shoppers of the company's new 25,000-square-foot Amazon Fresh store in Bellevue, Wash. can purchase items from such departments as produce, meat, seafood, prepared foods, and bakery, with the option to skip the checkout line.
Casino's GPA considers spinning off Colombia's Exito - sources
Brazilian food retailer GPA SA is considering a spin off of its Colombian Almacenes Exito SA unit to GPA’s shareholders including parent company Casino Guichard Perrachon, 2 sources with knowledge of the matter said. Such a transaction, similar to GPA’s recent spin off of its Brazilian wholesale unit Assai, would fit with part of broader efforts by France’s Casino to simplify its structure in Latin America, potentially unlocking more value from its holdings there. GPA owns almost 97% of Exito, which is listed in Colombia, with a market capitalization of $1.5bln, leaving it the company, which employs around 35,000 people in 515 supermarkets across the country, with an extremely small free float. The company also operates in Uruguay and Argentina.