Auchan inaugurates first supermarket in Ivory Coast
French retailer Auchan has inaugurated its first supermarket in Ivory Coast and plans to open four convenience stores by the end of this month. The first outlet, spanning 900 square metres, is located in the municipality of Cocody in Abidjan. The four MyAuchan outlets will open their doors by the end of this month, including one each in Cocody and Abobo and two in Yopougon.
Belgium: Discount chain Colruyt's profit falls as inflation, tough competition take toll
Supermarket chain Colruyt reported a 25% decline in its full-year earnings, citing high inflation, declining volumes in food stores and increasing market competitiveness in both prices and promotions. Colruyt, known for its discount supermarket chain, said its net profit fell to 288mln euros ($299.98mln) in the year ended March 31, against 385mln euros a year earlier, excluding one-off effects. The group had anticipated a "significant to strong decrease" in the annual profit.
Egypt: Spinneys opens a second store along the north coast
For the second time on the North Coast, Spinneys has hosted a launch ceremony to celebrate the opening of another new store in Alamein. Located in Marina Valley right opposite to Marina gate 5, the new store features an in-store bakery, a gourmet delicatessen and cheese counter, a poultry and meat section, and fresh fruit & vegetables sourced directly from nearby Alexandria to guarantee the freshness of the produce section.
India: Swiggy’s Instamart is a success but a grocery entry can become Zomato’s ‘poison pill’ says report
Zomato is re-entering the grocery delivery segment for the third time by acquiring quick commerce player Blinkit (formerly known as Grofers). Earlier, in April 2020, Zomato had ventured into the grocery delivery business but pulled out later because of a huge logistics mess. Again in July 2021, it took a chance and ended up burning millions of cash. Meanwhile, its rival Swiggy has comfortably continued Instamart services on its platform for two years. “We claim for Zomato that building a grocery business will work as a ‘poison pill’. It would need reasonably high investment and hence cash burn and is likely to be a significant logistical challenge to execute as well but still Zomato can’t afford not to do it”, said a report by HSBC.
Belgium: Buyer found for Metro and Makro
Metro Belgium convenes a special works council. On the agenda: the sale of catering wholesaler Metro and cash & carry chain Makro. It is not yet known who the buyers are. According to business newspaper De Tijd a buyer (or buyers?) would have been found by now.
Germany: Edeka collaborates with Naturland to strengthen organic offering
Edeka has announced that it is entering into an alliance with Naturland as it aims to expand its organic offering. The collaboration will see the addition of approximately 40 new regional and international Naturland-certified products to the retailer's Naturkind and Edeka Bio range. With over 140,000 farmers in 60 countries across the world, Naturland is one of the largest international associations for organic farming from Germany.
France: Casino has four offers for GreenYellow energy business - source
French retailer Casino has received four preliminary offers of around 1.5bln euros ($1.56bln) each for its renewable energy business GreenYellow, including one from Ardian, a source with knowledge of the matter said.
Flashdeal webshop Outspot enters Spanish market
Belgian flashdeal webshop Outspot becoming one of the largest European platforms of its kind. Following the acquisition of Spanish MeQuedoUno, the Belgians are active in ten countries.
Lidl takes Tesco to court over claims it ripped off logo
Lidl is set to take Tesco to court as it claims the UK’s largest supermarket has ripped off its trademarked logo to promote its Clubcard loyalty scheme. The grocery giants are set to spend £2.35mln to bring the case to court.
Italy: Conad Centro Nord sees market share growth in 2021
Italian cooperative Conad Centro Nord reported sales of €1.85bln in 2021 - up by 4.4% on the previous year. It plans to reach €2bln in 2022. The cooperative’s market share increased by 0.13%, to 7.56%, in the regions where it operates: Emilia-Romagna and Lombardy. Consolidated profit amounted to €27.9mln, while shareholders’ equity reached €351.2mln - up by €43mln, year on year.
US: Instacart adds juice and snack maker Pressed as latest brand storefront
Instacart has partnered with Pressed, a maker of cold-pressed juice and plant-based snacks, to provide e-commerce fulfillment for the brand in areas where it has stores, according to information in an emailed announcement and from an Instacart spokesperson. Pressed is now available for delivery in as fast as an hour through Instacart in Southern California and in Dallas, Houston and Austin, Texas, and plans to expand the partnership “in the coming months”. Instacart’s latest pilot comes at a time when the e-commerce company is looking to diversify the offerings on its platform.
US: SpartanNash acquires Shop-N-Save Food Centers
Grocery distributor/retailer SpartanNash has purchased Shop-N-Save Food Centers, a three-store supermarket chain in northwestern Michigan. Financial terms of the agreement weren’t disclosed. SpartanNash said the transaction has closed and Shop-N-Save’s stores in Benzonia, Fremont and Ludington, Michigan, have been converted to the Family Fare banner, part of the distributor’s retail grocery business segment.