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Carrefour Italia could sell over 100 stores

Tesco doubled profits in the first half of the year

European grocery market forecast to grow 5% by 2026, says IGD
The European grocery sector is set to experience 5% growth between now and 2026, however much of that will be driven by inflation rather than volume growth, IGD has said. IGD recently held its European Future Talk, at which the research and insights body shared its outlook for the region over the next 5 years.

Mere also faces delays in France
Only last month, Mere announced its plans to enter the French market, which seemed to be quite concrete: 3 locations were supposed to be opening as early as October. Later, all major French cities would get a store. However, it now appears that Mere is having trouble putting its words into action. Newspaper Le Parisien noted that Mere has not yet submitted the necessary applications to make the stores a reality in any of the municipalities. In other words, the 1st openings will not take place until the end of the year at the earliest, possibly not even until 2022, as the process of obtaining the required permits can easily take 2 months.

Holland: Albert Heijn CEO aims to accelerate movement towards better food
Albert Heijn CEO Marit van Egmond has published a free book entitled 'Together on the road to better food', explaining her vision on the importance of food and drinks in a healthy, social, and sustainable society.

UK: Tesco profits double as shelves stay stocked despite supply chain problems
Tesco doubled profits in the first half of the year as it reduced costs related to the coronavirus pandemic and said its strong supply chain had kept shelves stocked despite widespread delivery problems across the industry. Sales rose 3% to £27.3bln in the 6 months to 28 August and profits soared by 107% to £1.1bln.

Germany: Aldi launches new campaign on price-performance competence
Aldi Nord and Aldi Süd have launched a new campaign that will focus on their core competencies – price-performance ratio and the large selection of products. With the 'Just the right thing for every moment', campaign, the discounters will address families in particular, and prove themselves to be a reliable and inexpensive partner for everyday needs. The discounter offers a wide range of products ranging from seasonal fresh fruit and vegetables, gourmet products, non-food and drugstore items, own brands or branded products.

Issa brothers to sell UK petrol stations for Asda deal
The Issa brothers' EG Group has agreed to sell 27 petrol filling stations to Park Garage Group to address the concerns of Britain's competition regulator relating to the brothers' acquisition of British supermarket Asda.

Romania's food retailers - top 20 employers
The ranking of the 20 largest employers in the Romanian economy was dominated by retailers last year, in line with data compiled by Ziarul Financiar. Thus, 8 companies in the top operate in retail, namely Profi, Kaufland, Dedeman, Mega Image, Carrefour, Lidl, Auchan and Rewe Romania, the group that controls Penny chain.

7-Eleven Singapore launches range of 6 new ready-to-eat meals made with Impossible™ Beef
Impossible Foods and 7-Eleven are launching 6 new ready-to-eat meals made with Impossible™ Beef Made from Plants at more than 350 locations across Singapore, all available for less than S$6. Priced at S$2.80, the 7-Select Impossible™ Rendang Onigiri also marks the 1st time an Impossible ready-to-eat is priced under S$3. Fans can now enjoy more delicious, sustainable, and affordable meal options on the go, any day, any time.

Carrefour could sell over 100 stores in Italy
Carrefour Italia has announced a 'relaunch plan' to return to profitability and boost growth by consolidating the franchise model, according to media reports. The plan foresees a rapid expansion and conversion of certain stores from directly owned to franchise, with no impact on the employment of transferred employees.

UK: Tesco treads tricky path to greener future
Customers and investors want supermarkets to improve their environmental credentials but are not prepared to accept higher prices or lower returns as a trade-off, the head of Britain's biggest retailer Tesco told the Reuters Impact conference. Addressing the challenge of how the industry can navigate the shift to net zero emissions, Ken Murphy said it had to strike a balance, for example cutting the use of plastic packaging without increasing the food waste that might follow.

US: Target will pay employees an extra $2 an hour for peak days of holiday season
Target said it will pay an extra $2 an hour to store and service center employees who work peak days during the holiday season, such as on Saturdays and Sundays in the final weeks before Christmas. The big-box retailer previously said it would scale back holiday hiring and give more hours to its staff. The retailer is offering higher pay as many retailers struggle to fill jobs and focus on retaining employees ahead of the peak shopping season.

US: FMI research IDs where private brands excel, fall short in e-grocery
A recurring theme throughout the ongoing COVID-19 pandemic has been the acceleration of online grocery shopping, but just how well have private brands fared? According to the retailers and manufacturers surveyed by FMI - The Food Industry Association, for its latest "Power of Private Brands" report, 67% of the private label assortment was made available online to shoppers during 2020; 14% of private-brand sales were done online; and private brands grew 73% through e-commerce during the year.

US: Meijer expects great pumpkin demand this year
As fall is in full swing and jack-o-lantern season approaches, Michigan-based Meijer reports that it expects to sell more than 500,000 locally grown pumpkins for decorating and carving this year, as people celebrate the autumn holidays in a more normal way compared with the anomaly of 2020. Michigan is a major pumpkin-producing state, along with neighboring Illinois and Ohio.

US: Do Good Foods launches game-changing infrastructure platform that combats climate change through upcycling grocery store food waste
The Kamine Family, an established pioneer with a 40-year history of building large-scale infrastructure projects nationwide, announced the launch of Do Good Foods. Backed by a $169mln investment from Nuveen, Do Good Foods is the 1st scalable solution to eliminating the 48bln pounds of food waste generated by grocery stores each year. The company’s closed loop system collects foods such as fruits, vegetables, and meats after human donations can occur, and upcycles them into a nutrient-dense animal feed to create sustainable animal protein.

US: Hannaford opens ‘virtual convenience store’ with fast delivery
Hannaford Supermarkets has launched a new service in partnership with personal shopping company Instacart that advertises short-notice deliveries, like an online convenience store. The offering, called Hannaford Now, has launched across most of the supermarket chain’s stores.

US: BizVibe highlights key challenges facing the grocery stores industry
BizVibe has added key challenges and trends for grocery stores industry profiles on their platform. All 12,000+ grocery company profiles will now contain 50+ company data points, including a list of potential challenges which are expected to impact market participants over the next few years.

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