Employees of India's Future Retail urge top court to clear asset sale in Amazon dispute
Employees of India's Future Retail have asked the Supreme Court to allow the company to sell its retail assets and rule against Amazon.com Inc in an ongoing dispute, citing risks to 27,000 jobs, according to a legal filing seen by Reuters.
Source: reuters.com
Berlin’s Yababa snags $15.5mln to scale a multicultural grocery delivery biz across Europe
Berlin-based Yababa only started its same-day grocery delivery business this summer, selling products geared towards the tastes of the capital’s sizeable Turkish and Arabic communities shortly afterwards, but in a few short months it’s closed a $15.5mln seed round of funding to fuel planned rapid expansion - both within Germany and across Europe. “Paris, Amsterdam, Brussels, London”, says co-founder Ralph Hage, reeling off the list of likely first-candidate cities for its service outside Germany.
Source: techcrunch.com
UAE: Silal launches its own fresh produce brand: 'Silal Fresh'
In line with its continuous efforts to drive the UAE’s long-term sustainability agenda, and within its remit to empower local farmers, Silal, Abu Dhabi’s new fresh produce and agritech company, officially launched the ‘Silal Fresh’ brand. The new consumer focused Silal Fresh brand hit shelves during November, offering consumers across the UAE over 60 varieties of carefully selected local produce.
Source: zawya.com
Britain's M&S shares rise on report investment firm Apollo examined bid
Shares in Marks & Spencer rose as much as 3.8% in early trading after a report in The Sunday Times said U.S. investment firm Apollo Global Management has been "running the rule" over the British clothing and food retailer.
Source: reuters.com
UK consumers turn more confident despite inflation worries
People in Britain turned more confident this month despite worries about inflation and they were more willing to purchase expensive items, according to a survey that will be welcome news to retailers preparing for the Christmas season. The GfK Consumer Confidence Index rose for the 1st time in 4 months to -14 in November from -17 in October which was its lowest level since an early-2021 coronavirus lockdown. A Reuters poll of economists had pointed to further deterioration this month to -18.
Source: reuters.com
Japanese court puts Kansai's H2O Retailing merger on hold
A Japanese district court granted an injunction against Kansai Super Market Ltd's planned merger with H2O Retailing Corp. Supermarket operator OK Corp, which was also interested in buying Kansai Super Market, had sought the injunction over alleged irregularities with Kansai Super Market's vote counting process at the shareholder meeting that approved the deal.
Source: reuters.com
Singapore: It's an e-commerce boom, but online supermarket RedMart is not sitting still
The pandemic has lifted the fortunes of all supermarkets, especially those with e-commerce sales. 15% of all sales by supermarkets and hypermarkets occurred online in September 2021, up from 7.5% in March 2020. To find out what it means, TODAY speaks to Mr Richard Ruddy from Lazada, which owns RedMart. RedMart is celebrating 10 years since its founding in 2011.
Source: todayonline.com
New Zealand: Countdown DC workers take action as rising cost of living in Auckland goes unmet
Around 700 essential workers at 2 Countdown distribution centre sits in Auckland are taking strike action after the supermarket chain has rejected pay increases in line with the Consumer Price Index (CPI) during bargaining for a new Collective Agreement, FIRST Union said.
Source: scoop.co.nz
Belgium: Delhaize pilots hot takeaway meals
Delhaize and meal supplier Tastyoo are expanding their existing cooperation. At the Delhaize branch in Roodebeek, both partners are launching their very first hot takeaway service.
Sourdce: retaildetail.eu
UK: The John Lewis Partnership launches The Circular Future Fund: The Million Pound Challenge
The John Lewis Partnership launched The Circular Future Fund, an initiative that will award a total of 1mln pounds, over 1 year, to projects that demonstrate trailblazing, scalable innovations that can accelerate the transition towards a more circular economy.
Source: waitrose.pressarea.com
US: iFresh announces NASDAQ delisting
iFresh, Inc. (the “Company”), a leading Asian American supermarket chain and online grocer, announced that on November 19, 2021, the Company received notice from the staff of the Nasdaq Stock Market (the “Staff”) that the Nasdaq Hearings Panel (the “Panel”) has denied the Company’s appeal of the Staff’s September 22, 2021 decision to delist the common stock of the Company. Accordingly, the Company’s common stock will be delisted effective with the open of business on November 23, 2021. The Company’s common stock is expected to continue to be traded on the OTC Expert Market, and the Company will seek to establish relationships with market makers to provide additional trading opportunities in the Company’s stock. However, there can be no assurance that a market for the Company’s shares will develop.
Source: globenewswire.com
US: Ground broken on new large grocery warehouse in St. Cloud
Associated Wholesale Grocers officially broke ground on its new fresh and frozen warehouse in St. Cloud. It is part of the launch of their new Upper Midwest Division. The 330,000 square foot warehouse is scheduled to open in the fall of 2022 near Interstate 94. The new Upper Midwest Division will serve grocery stores in North Dakota, South Dakota, Minnesota, Iowa, and Wisconsin.
Source: wjon.com
US: Walmart launches drone deliveries with DroneUp
Walmart launched its 1st commercial drone delivery for online customers with tech partner DroneUp in northwest Arkansas, beginning with a Walmart Neighborhood Market in Farmington. The drone delivery service will operate from 8 a.m. 8 p.m., 7 days per week, to deliver items by air to eligible Walmart customers in as little as 30 minutes.
Source: supermarketnews.com
US: Natural Grocers® scales high-quality product sourcing with RangeMe
Natural Grocers® is partnering with RangeMe, the industry standard online product sourcing platform for retailers and suppliers, to streamline the search for innovative products that meet their high-quality standards for customers.
Source: prnewswire.com
US: Save A Lot opens its biggest store in Philly Metro Area
One of the largest discount grocery chains in the country has opened its largest location in the Philadelphia metropolitan area. Save A Lot celebrated the relocation and grand reopening of its Camden, New Jersey, store on November 18. Save Philly, led by local owner/operators Shawn and Susan Rinnier, acquired the Camden store from Save A Lot in May as part of the discount grocer’s efforts to convert corporate-owned stores to local operations.
Source: progressivegrocer.com