SPAR NI unveils new EUROSPAR with latest Fresh concept
SPAR operator Henderson Group has revealed a €4.32mln EUROSPAR in Doagh as the first SPAR UK Fresh concept store to open in Northern Ireland. Featuring a sales space of 700m2, the new EUROSPAR employs 35 people and delivers a fresh food shopping experience customised for the Doagh community.
Source: spar-international.com
Spain: Coviran sees 21% growth in sales in FY2020
Spanish cooperative and supermarket chain Coviran reported €1.7bln in gross sales in its financial year 2020, up 21.5% year-on-year. Sales in Portugal amounted to €196mln, while Spain generated €1.50bln in Spain. The retailer's total economic assets reached €213mln, down 2.07% year-on-year. EBITDA increased by 11% compared to the previous year to €11.5mln, while social cash flow was €810mln (+14.6%), and investments amounted to €4.17mln.
Source: esmmagazine.com
China: Tencent-backed Missfresh eyes $3.8bln valuation in U.S. IPO
Chinese online grocery startup Missfresh Ltd is planning to raise as much as $336mln from its U.S. initial public offering, which is expected to value the company at up to $3.8bln at the top end of the range. Missfresh, which is backed by an affiliate of Chinese gaming and social media giant Tencent Holdings Ltd, is offering 21mln American Depositary Shares (ADSs) at a price range of between $13 and $16 each.
Source: reuters.com
Holland: Jumbo opens new home delivery hub in Deventer
Dutch retailer Jumbo has opened its 11th home delivery hub in Deventer, which will ensure better distribution of groceries ordered via the jumbo.com website or the retailer's app, the retailer said. The new hub, located at Kluwerweg 6 in Deventer, comprises a new building with approximately 1300 square-metres of floor space. It will be used to delivery goods in the areas of Apeldoorn, Deventer, Twello, Colmschate, Bathmen, Gorssel, and Lochem.
Source: esmmagazine.com
Australia: Woolworths Group to build 2 new Sydney distribution centres to support ongoing growth
Woolworths Group’s supply chain arm, Primary Connect, plans to build 2 new distribution centres (DC) in Western Sydney to complete the modernisation of its New South Wales (NSW) supply chain network. The proposal for a new fresh food DC in Wetherill Park was lodged earlier this year and has received investment approval from the Woolworths Group Board. A separate planning proposal will be lodged for a new liquor DC in Kemps Creek this week. Both are subject to NSW Department of Planning approval.
Source: woolworthsgroup.com.au
Finland: K Group to invest in automated collection system
K Group has announced that it plans to invest tens of millions of Euros in the following years to automate the collection of online grocery orders. The move will help in further improving customer experience while ensuring more efficient processes.
Source: esmmagazine.com
Chinese grocery delivery platform Dingdong sets terms for $343mln US IPO
Dingdong, an on-demand grocery delivery platform in China, announced terms for its IPO. The Shanghai, China-based company plans to raise $343mln by offering 14mln ADSs at a price range of $23.50 to $25.50. Insiders intend to purchase $200mln worth of ADSs in the offering (58% of the deal). At the midpoint of the proposed range, Dingdong would command a market value of $6.0bln.
Source: renaissancecapital.com
Brazil retailer GPA denies reports of sale by parent Casino
Reuters reported: Brazilian food retailer GPA denied in a securities filing reports that its parent company Casino Guichard Perrachon was considering selling its stake in the company. 2 major Brazilian newspapers, O Estado de S. Paulo and Valor Economico, had earlier reported that Casino was considering selling its roughly 41% GPA stake.
Source: nasdaq.com
Canada: Goodfood collaborates with Microsoft to enable technology platform at first automated local fulfillment centre in Ottawa
Goodfood Market Corp. (“Goodfood” or “the Company”), a leading online grocery company in Canada, announced that it had leased its first tech-enabled local fulfilment centre in Ottawa with automation capabilities able to deliver 4,000 products on a same-day or faster basis. Goodfood continues collaborating with Microsoft to build customized technology solutions enabling cutting-edge order orchestration and delivery processes.
Source: globenewswire.com
Amazon wins trial over technology to order groceries with Alexa
Amazon.com Inc. won a Texas trial in which it was accused of incorporating an Israeli company’s patented “smart kitchen" inventions for voice commands to shop for groceries online into the Alexa digital assistant. Amazon didn’t infringe 3 patents owned by closely held Ikan Holdings LLC’s Freshub unit, the federal jury in Waco, Texas, said.
Source: livemint.com
US: Farmstead sets up shop in Miami
Online grocer Farmstead is now live and delivering in Miami, the Burlingame, California-based company announced. South Florida - as far north as Boynton Beach and as far south as Key Largo - becomes the 4th market in which Farmstead is up and running. Besides its Bay Area home market, the company also currently operates in Charlotte and in Raleigh-Durham, North Carolina. Service in Austin is expected to debut later this summer, and the company aims to be open in at least a dozen markets by the end of 2021.
Source: winsightgrocerybusiness.com
US: Giant launches Local Produce Boxes program
Giant Food has begun selling boxes of locally sourced fruit and vegetables online for on-demand delivery. Called Local Produce Boxes, the program offers locally grown, in-season produce for order through GiantFood.com and fulfilled by the Giant Delivers service, Landover, Maryland-based Giant said. The boxes carry a retail price of $20 and contain 6 or more items from local farms in Maryland, Virginia and Delaware.
Source: supermarketnews.com
Walmart beats Amazon in grocery: report
More than half of Walmart.com shoppers said that they have purchased groceries in the first quarter, compared with only 23% of Amazon.com shoppers, according to Jungle Scout’s "Q2 2021 Consumer Trends Report". Consumers ranked price as the top reason that they shopped on Walmart.com.
Source: progressivegrocer.com