China: Missfresh expands its supply chain by directly sourcing from 550 farms, factories, and processing facilities
Missfresh Limited ("Missfresh" or the "Company"), an innovator and leader in China's neighborhood retail industry, has enhanced its supply chain to directly source from 200 farms and 350 factories and processing facilities across China that directly supply the Company with fresh goods. An efficient and quality-controlled supply chain is the cornerstone of providing an excellent digital shopping experience for customers of the Company's on-demand online retail platforms, the Missfresh app and WeChat mini program.
Source: prnewswire.com
Sweden: ICA reports 2.2% increase in consolidated net sales in 3rd quarter
ICA has reported a 2.2% increase in consolidated net sales in the 3rd quarter of its financial year, to SEK32.1bln (€3.22bln), with the group seeing an increase in operating profit and margin during the period. Operating profit increased to SEK1.82bln (up from SEK1.7bln for the same period last year).
Source: esmmagazine.com
SPAR recognised as best convenience store in Australia
SPAR Australia has been rated as the best convenience store in a recent study conducted by comparison website Canstar Blue. Over 1,300 consumers provided feedback in the 2021 survey rating convenience store chains. SPAR Australia ranked nr.1 across all categories, including value for money, customer service, variety of products available, store layout, and overall satisfaction.
Source: spar-international.com
UK: Tesco offers 10-minute deliveries in tie-up with Gorillas
British supermarket chain Tesco launched a 10-minute grocery dispatch service in partnership with delivery startup Gorillas, upping the ante in the race among retailers to reach customers' doorsteps the quickest.
Source: reuters.com
Albert Heijn opens first Belgian XL: "Not a hypermarket!"
Dutch supermarket chain Albert Heijn has opened its first Belgian XL location, offering a wider range of local products. The focus on things like fresh produce, beer and frozen food makes sure the XL store is "not a hypermarket", the company stresses.
Source: retaildetail.eu
UK's Co-op 'rebrands' stores for COP26
Co-op has launched a campaign titled Co-op26 as the UK prepares to host global leaders and changemakers at the COP26 Climate Change conference in Glasgow this weekend. As part of the campaign, 6 of the group's flagship stores across the UK have temporarily ‘rebranded’ to Co-op26 with amplified exterior signage and window vinyl takeovers.
Source: esmmagazine.com
China: JD to boost agri-products sales for Singles Day Grand Promotion
JD.com has vowed to give a strong boost to premier agri-products sales and thereby farmer’s income growth in the upcoming Singles Day Grand Promotion. The e-commerce giant announced the goal to sell more than 30bln RMB-worth of agri-products, 2 days before the shopping festival officially kicks off on October 31.
Source: jdcorporateblog.com
Spain’s first all-electric reefer
Spanish supermarket Alimerka is using the 1st fully-electric refrigerated truck in Spain. The new electric MAN rigid with its Frigoblock inverter-driven fridge and will save Alimerka 60 tonnes of CO2 a year compared to a traditional diesel-fuelled vehicle with an annual mileage of 60,000km. The low noise also allows deliveries outside of peak hours and at night.
Source: globalcoldchainnews.com
Russia: Magnit boosted by Dixy acquisition, sees revenue up 27.7% in Q3
Retailer Magnit has reported a 27.7% increase in revenue in the 3rd quarter of its financial year, boosted by its recent acquisition of the Dixy chain. Total revenue came in at RUB489.3bln (€5.97bln) for the period, while net retail sales reached RUB475.5bln (€5.81bln), a 28.2% increase.
Source: esmmagazine.com
Retail sales in Korea jump 8.2% on yr in September on ‘revenge shopping’
Retail sales in South Korea jumped last month on pent-up spending in line with progress in vaccination rate. According to the data released by the Ministry of Trade, Industry and Energy, the country’s retail sales totaled 13.2tln won ($11.3bln) in September, up 8.2% from the same month a year earlier. Online sales surged 14.5%, while offline sales expanded at a slower pace of 3.3% with brick-and-mortar stores showing mixed performances.
Source: pulsenews.co.kr
Amazon to pay billions to prevent Christmas shortages
Amazon has said it will spend several billion dollars to manage labour shortages and supply chain issues in the run-up to Christmas. The online retail giant said it was doing "whatever it takes to minimise the impact" on customers and sellers. While the technology giant said 4th-quarter sales rose 29% to $83.4bln, they fell short of expectations. Profit rose to $20.5bln from $12.6bln.
Source: bbc.com
US: Sprouts debuts urban format in Florida
For its 25th location in the Sunshine State, Sprouts Farmers Market went urban. One of the fastest-growing grocery retailers in the country opened its latest store in Tampa Heights, Florida, on October 27. The 24,000-square-foot store at 101 North 7th Avenue features a new layout for the retailer, with fresh produce still at the center of the store but with new stations for baked goods, a streamlined bulk foods department and an expanded plant-based assortment.
Source: progressivegrocer.com
US: The Fresh Market elevates shopping experience
The Fresh Market has taken its original North Carolina store to a new level of inspiration with the addition of a carry-out fresh made-to-order restaurant concept and an exclusive new “Just Roasted, Just Brewed, Just for You” in-store coffee-by-the-cup experience.
Source: progressivegrocer.com
Mexico's Femsa posts wider profit in this year's 3rd quarter
Mexican conglomerate Femsa reported a 3rd-quarter net profit of 14.1bln pesos ($683.8mln), up from a profit of 3.2bln during the same quarter last year. Total revenue for the Monterrey-based bottler and retailer, which also operates the vast Oxxo convenience store chain, as well as pharmacies and gas stations, rose 12.6% to 142.4bln pesos, up from 126.5bln during the same period last year.
Source: reuters.com
US: Instacart expands delivery footprint with Dollar Tree deal
Instacart and Dollar Tree have expanded their partnership to offer same-day delivery in as fast as 1 hour from nearly 7,000 of the latter’s US stores. This means that Instacart now partners with more than 700 national, regional and local retailers, to deliver from more than 65,000 stores.
Source: retailtechinnovationhub.com
US: Natural Grocers reveals customers' favorite store-branded products
Natural Grocers by Vitamin Cottage Inc. has released the winners of its 1st annual Best of the Best survey, which ranked shoppers' favorite store-branded products. Favorite 100% Organic Produce - Winner: Organic Hass Avocados. Runner Ups: Organic Bananas and Organic Baby Spinach. Favorite Organic Product (includes Natural Grocers Brand products and produce) - Winner: Organic Hass Avocados. Runner Ups: Organic Blueberries and Organic Bananas.
Source: progressivegrocer.com