US: Weis Markets reports 3rd quarter results
Weis Markets, Inc. reported its financial results for the 13-week period and 39-week period ended September 25, 2021. Net sales totaled $1.1bln for the 13-week period ended September 25, 2021, compared to $1.0bln for the same period in 2020, up 6.1%. 3rd quarter comparable store sales increased 4.6% on an individual year-over-year basis and increased 19.4% on a two-year stacked basis. The Company's 3rd quarter net income totaled $28.5mln compared to $31.3mln in 2020, down 9.0%. 3rd quarter earnings per share totaled $1.06 compared to $1.16 per share for the same period in 2020.
US: Southeastern Grocers formally withdraws IPO
Southeastern Grocers has officially pulled the plug on plans to go public 9 months after it announced it would delay an IPO launched in 2020. The grocery chain filed a letter with the Securities and Exchange Commission requesting the SEC "consent to the withdrawal ... of its Registration Statement on Form S-1. The company is applying for withdrawal of the Registration Statement because the company has determined not to pursue the contemplated offering at this time".
US: Dollar General opens fresh distribution center in Kentucky
Dollar General is supporting its increased assortment of fresh food products with a new supply chain facility in Bowling Green, Kentucky. The discount retailer has been operating the $25mln, approximately 160,000-sq.-ft. since summer 2021. At full capacity, the facility is expected to employ more than 130 workers within the company’s distribution and DG Private Fleet networks, as well as support more than 1,500 Dollar General stores.
US: Grocery supplier C&S Wholesale Services to lay off 175 workers in Suffield
National grocery supplier C&S Wholesale Services Inc. has informed state officials that it will lay off 175 employees at its Suffield facility. The New Hampshire-based company in a notice to the state Department of Labor said it plans to make the job cuts at its Harvey Lane warehouse in January.
US: Publix tallies 6.3% comp-sales growth in 3rd quarter
Last year’s pandemic sales surge didn’t prevent Publix Super Markets from generating gains in its fiscal 2021 3rd quarter. For the quarter ended September 25, net sales climbed 7.8% to $11.9bln from $11.1bln in the 2020 3rd quarter, when sales jumped 18.3%, Publix said. The Lakeland, Florida-based supermarket chain also saw sequential growth, as 2021 2nd-quarter sales were up 3.9%.
US: Imperfect Foods announces B Corp certification
Imperfect Foods, the brand reimagining grocery delivery for a kinder, less wasteful food system announced it is now a Certified B Corporation™ (B Corp™). This milestone underscores the brand's commitment to sustainability, transparency and accountability, with Imperfect Foods as one of the first grocers to receive the prestigious certification.
Finland: Kesko reports 'all-time record' performance in Q3
Finnish retailer Kesko has cited the 'successful implementation of [its] growth strategy' and a 'positive market situation' for its strong third-quarter performance, in which net sales increased by 7.8% to €2.9bln. Comparable operating profit for the period rose by €54.5mln to €236.4mln.
India: 10-min grocery delivery startup Zepto raises $60mln
Zepto, a 10-minute grocery delivery venture, founded by two 19-year-old Stanford University dropouts, has raised $60mln in a round led by Glade Brook, Nexus, Lachy Groom, Y Combinator and Global Founders Capital. The fresh investment will be used to expand its 10-minute hyperlocal delivery nationwide, the company said.
SPAR Gran Canaria celebrates 35th anniversary
SPAR Gran Canaria is celebrating its 35th anniversary. To mark the occasion, the SPAR Spain regional operator has organised a series of events showcasing its strong commitment to local communities, healthy eating, and sports.
France: Carrefour to achieve carbon neutrality by 2040
French retailer Carrefour has set the target to achieve carbon neutrality by 2040 by reducing emissions from its activities at source as much as possible. It will focus, in particular, on using completely renewable electricity by 2030, replacing all of its fluorinated refrigerants with natural fluids and further reducing its energy consumption.
Belarus: Eurotorg reports 14.3% increase in 3rd-quarter sales
Eurotorg, Belarus' biggest retailer, has reported a 14.3% increase in net retail sales in the 3rd quarter of its financial year, as it continued its expansion into the convenience and discounter formats. The group opened 19 new stores in the period and closed 1, with all new grocery store openings in the quarter located in leased premises, in line with the group's asset light strategy.
India: Big Basket forays into omnichannel space with 'Fresho'
Big Basket, an Indian online grocery delivery service has just taken its 1st step to sell offline with its 1st brick-and-mortar store in Bengaluru. The online grocery retailer plans to scale up the number of such stores by foraying into other cities rapidly. The stores will operate under the ‘Fresho’ brand name, sources said.
China’s Singles Day shopping event kicks off under specter of tech scrutiny and Xi’s ‘common prosperity’
Singles Day in China, the biggest shopping event in the world, is underway but Alibaba and JD.com will have to deal with a slowing economy and continued regulatory scrutiny on the tech sector. Analysts said the incumbents will also face rising competition from smaller players. JD and Alibaba are emphasizing inclusivity and sustainability as well as aligning themselves with President Xi Jinping’s priorities.
Romania: Consumer protection authority slaps heavy sanctions on big food retailers in Bucharest
Romania’s National Authority for Consumer Protection (ANPC) sanctioned the local subsidiaries of French retailers Auchan and Cora with fines worth a total of RON222,000 (EUR44,800) due to serious irregularities found in the fresh food sections of their hypermarkets in Bucharest. The watchdog also ruled the temporary closing of the fresh food sections in 2 Cora hypermarkets and 4 Auchan hypermarkets and proposed the closing of these units for up to 6 months.