Dino Polska sees LFL sales growth of 9.5% in first half
Polish retailer Dino Polska has reported a 9.5% like-for-like sales growth in the first half of its financial year. The group’s total revenue amounted to PLN6bln (€1.3bln), up from PLN4.7bln (€1bln) in the same period last year.
UAE: Majid Al Futtaim reports 'robust' H1 performance despite 10% revenue decline
Dubai-based Majid Al Futtaim has reported revenue of AED15.6bln ($4.3bln) in the first 6 months (H1) of 2021, a 10% drop from the same period last year, as the company continues to navigate through the challenges caused by the coronavirus pandemic.
China: Dada Group and CP Group Retail Division partner to provide omni-channel on-demand delivery services for CP Lotus and CP Fresh Mart
Dada Group, China's leading local on-demand delivery and retail platform, and Charoen Pokphand Group (CP Group)'s Retail Business Division, announced a partnership to provide omni-channel on-demand delivery services for CP Group's CP Lotus, a leading supermarket chain, and CP Fresh Mart, a community-based supermarket in China. CP Group is one of the world's most influential multinational company operating by ethnic Chinese.
South Africa's Massmart sells most food assets to Shoprite for $89mln
Massmart is selling its non-core food assets to rival Shoprite Holdings for 1.36bln rand ($89mln) to focus on businesses with high returns, the South African retailer controlled by Walmart said. Massmart is in the middle of a turnaround that has now moved beyond shutting underperforming stores and replacing fresh and frozen food at its Game chain with clothing. After the deal, it will mostly sell fresh food through its wholesale Makro chain. Under the deal, Cambridge Food, Rhino and Massfresh, which is made up of The Fruitspot and a meat processing facility, as well as 12 Cash & Carry stores, will be transferred to Shoprite Checkers, Massmart said.
UK: Poundland expands online trial to more consumers in Midlands & Yorkshire
Poundland has doubled the size of its online delivery trial by adding new postcodes in the Midlands and Yorkshire to the service. The expansion means more than 7mln Brits now have access to the discount retailer’s online delivery service. Nottingham, Leicester, Coventry, Telford, and Sheffield are among the new areas added to the trial.
UK: 'Worst online supermarket' for fresh groceries named by Which?
Waitrose has been revealed as the worst online supermarket for fresh groceries, according to Which? The high-end supermarket ranked lowest following a clandestine investigation into 6 major retailers to find out how fresh their food and drinks products are. A team of 12 undercover shoppers for consumer specialists Which? ordered more than 1,000 groceries from 6 major supermarket chains to uncover the quality and longevity of their fresh produce.
Private equity firms eyeing potential bid for Sainsbury's: reports
Private equity companies are circling British supermarket group Sainsbury's with a view to possibly launching bids of more than £7bln (€8.2bln) for the business, according to newspaper reports. The Sunday Times reported that American buyout giant Apollo is said to be weighing up the possibility of making a bid for the supermarket group.
Woolworths and Uber Eats partner to accelerate ultra convenience in Australia
Woolworths Group and Uber Eats are partnering to make same hour grocery delivery a reality across Australia, with Woolworths Metro set to feature on the Uber Eats app. From next week a dozen Woolworths locations will start becoming visible on Uber Eats for account holders based in Sydney and Melbourne, giving Australians fast access to fresh fruit and vegetables as well as hundreds of household staples delivered inside 60 minutes.
Flipkart Wholesale eyes 3-fold growth in its India footprint
Flipkart Wholesale, the digital B2B marketplace of India's homegrown Flipkart Group, announced its plans to more than triple its geographical footprint in the country to close to 2,700 cities, with an aim to make business easier and bring prosperity to lakhs of small businesses and 'kiranas' across India.
Soaring container-shipping costs lead to higher retail prices
More and more entrepreneurs are at a loss for words when it comes to the dramatically increased container-shipping costs. It is primarily a result of the Covid crisis, although other elements are also at play. Today, Belgian companies pay up to 10 times more for shipping a sea container with goods from China. "Where we used to pay 1,800 to 2,200 dollars to ship a 40-foot container, it now sometimes costs up to 24,000 dollars", confirms Nikolas Van der Veken of Fitnessking in Belgian newspaper De Standaard. It means the profit margin is coming under tremendous pressure. In addition to the price increase, the entrepreneurs face additional difficulty: many shipping containers are delayed and arrive several weeks later than scheduled.
US: Dollar Tree to hold another nationwide hiring event
Dollar Tree Inc. will hold another nationwide hiring event at participating stores and U.S. distribution centers on August 25-26. The two-day Nationwide Management Hiring Event is intended to hire store managers, assistant store managers and distribution center leadership.
US: Home Chef launches in-store analytics solution
Retail Aware has launched its newest pilot with meal solutions company Home Chef, which maintains both a retail and online presence, to help serve the grocery banner locations owned by The Kroger Co. that carry Home Chef meals across the United States. “We are proud to work with Home Chef to help drive on-shelf availability”, said Keith Fix, founder and CEO of Omaha, Nebraska-based Retail Aware.
US: Black Radish opening 2nd vegan grocery store in Florida
St. Petersburg, Florida, will be home to the second store operated by Black Radish Grocer, an entirely vegan grocery store, according to a published report. Scheduled to open this fall, the store will be located on 246 Dr. Martin Luther King Jr. Street North, alongside the historic Coney Island Sandwich Shop, in a growing downtown neighborhood unofficially referred to as the Fringe District. The grocer opened its first location last year in Tampa.
US: Publix’s new GreenWise Market opens in downtown Tampa
Publix Super Markets continues to expand its specialty natural and organic foods banner. The newest GreenWise Market is located in Tampa, in the Water Street Tampa downtown development. The 26,000-sq.-ft. store is the anchor retail tenant at Heron, the first apartment building to open at Water Street. It’s the second GreenWise to be located in a high-rise, multiuse building.
Milestone: Amazon beats rival Walmart... for second place
For the first time ever, Amazon has sold more than Walmart over the course of a year. In doing so, it has beaten its eternal rival in the race... for second place, as one other retailer dwarfs both of them. Neither Amazon nor Walmart have gained a foothold in the gigantic Chinese market and local behemoth Alibaba is now bigger than the two American giants combined. In the 12 months ending in June 2021, consumers have spent more than 610bln dollars (520bln euros) on Amazon, according to Factset financial research about which the New York Times reports. On the other side, Walmart, published a turnover of 566bln dollars (480bln euros) for the 12 months to the end of July earlier this week.