Canada: Sobeys gets lift from strategic initiatives despite mixed fiscal 2022 results
Sobeys Inc. parent Empire Company Ltd. posted increased net retail sales and flat same-store sales for its 2022 fourth quarter and fiscal year, with earnings per share falling short of analysts’ consensus estimate. For the 14-week fourth quarter ended May 7, food retail sales totaled $7.84bln (Canadian), up 13.3% from $6.92bln in the 13-week fiscal 2021 quarter, Empire reported. Same-store sales dipped 0.1% year over year and were down 2.5% excluding fuel, cycling COVID-boosted sales levels last year.
Canada: DoorDash and Loblaw announce PC Express™ Rapid Delivery
DoorDash, Inc. (DoorDash) and Loblaw Companies Limited (Loblaw) announced a collaboration that will bring a new and innovative grocery delivery service to customers in Canada. Starting this August, PC Express™ Rapid Delivery will make grocery and convenience items available to customers in an expected (expected express grocery in 30 mins or less is the target delivery time and is not guaranteed) express delivery time of 30-minutes-or-less.
US: Procurant introduces open link connectivity to top retail grocers
Procurant, a cloud-based software company transforming the global food supply chain, added trading partner connections with major grocery retailers Walmart, Target and Wakefern Food Corp. The connections are offered under the company’s new Open Link service, enabling fresh food suppliers to electronically receive purchase orders and fulfill orders with a vast network of retail grocery buyers.
Walmart plans to diversify stock of Cambodia goods
Walmart Inc, the world’s biggest retailer, reiterated recent plans to scale up and greatly diversify its purchases of Cambodian products, according to the labour ministry. Walmart’s Global Government Affairs director Anbinh Phan said that Walmart, a leading exporter of garments, footwear, travel goods and seasonal entertainment products, plans to take in Cambodian fruits and food products, electronics and furniture, should they meet international standards.
Italy: PAC 2000A Conad sees 7.7% revenue growth to €4.45bln
PAC 2000A Conad reported 7.75% annual turnover growth to €4.45bln in 2021 and net assets of €872mln. The cooperative, which is one of the largest in the Conad network, also reported a net profit of over €46mln for the 2021 fiscal year. Market share in the areas covered increased to 20.58%, maintaining Conad’s leadership position in Umbria (33.71%), Lazio (29.73%) and Calabria (26.66%) and confirming second place in Campania (16.32%) and Sicily (15.16%).
UK: Kind Snacks unveils 'pick and go' nutritional billboard
Kind Snacks has launched its Kind Grab and Go Billboard, made entirely of garden fresh produce in a bid to encourage Londoners to consumers to eat their 5 a day and a handful of nuts. The four metre long campaign billboard has been placed in front of Kings Cross station and is over-flowing with daily recommendation ingredients that are “garden-fresh and nutrition-boosting.”
Australia: Shopping delivery startup Voly shutters warehouses, halves staffing, as startup winter descends
Rapid grocery delivery startup Voly has reportedly cut staff, abandoned its 15-minute delivery promise and closed warehouses, less than two months after the collapse of rival Send. The Sydney-based online supermarket is less than 12 months old and last December raised $18mln in a Seed round led by Sequoia Capital India, supported by Global Founders Capital and Australian-based Artesian Capital.
India: SuperK eyes T, K’taka for expansion
Andhra Pradesh-based franchised supermarket retailer SuperK, which is backed by a host of startup veterans like Flipkart’s Binny Bansal, Cred’s Kunal Shah, Slice’s Rajan Bajaj and Bigbasket’s Srinivas Anumolu, among others, is gunning for a major expansion which includes expanding its wings to Telangana and Karnataka by 2024.
Philippines: Online grocery startup launches in Metro Manila, vows 15-minute delivery
Social commerce startup SariSuki has officially launched its instant commerce business unit Supah, which seeks to provide the country’s first digital rapid grocery delivery service. According to SariSuki co-founder and chief executive officer Brian Cu, the firm has secured initial funding of as much as $2mln for its vertically integrated operations.
Glass Lewis backs UK's Sainsbury's on workers pay vote
Proxy adviser Glass Lewis is recommending Sainsbury's investors vote against a resolution at its annual meeting calling for Britain's second-biggest supermarket group to commit to paying the so-called real living wage to all its workers by July 2023.
Spanish department store El Corte Ingles buys back a 5.53% stake from Qatari fund
Privately owned Spanish department store chain El Corte Ingles said it bought back half of the stake Qatari fund Primefin held in the company. Primefin, an investment vehicle of Sheikh Hamad Bin Jassim Bin Jaber Al Thani, the former Prime Minister of Qatar, will keep a 5.53% stake in Corte Ingles, while the department store chain will hold the other 5.53%, the group said in a statement. The amount of the purchase has not been disclosed, but El Corte Ingles said it values the group at about 7bln euros ($7.39bln), which would make the stake worth about 387mln euros.
Australia: Lesser-known supermarket launches ‘$2 week’ as grocery prices reach new heights
Food warehouse Fresh and Save in Hervey Bay, southern Queensland, has provided a stark contrast to the expensive, barren scenes captured recently inside Coles and Woolworths. The retailer launched a “$2 week”, announcing shoppers could take home a range of produce including carrots, potatoes, onions, oranges, avocados, apples, tomatoes, grapes and lemons for just two gold coins.
UK: Shoppers seek speedy, convenient grocery deliveries, finds research
New research from end-to-end managed services provider Ensono shows that consumers are seeking speed and convenience when shopping for groceries online. The company’s survey of 2,000 UK shoppers found 54% expect their groceries to be delivered within the same week and 9% expect to receive their groceries on the same day when they order online.
Germany: Fast grocery group Gorillas eyes collaborations in profitability push
Grocery delivery app Gorillas, which began cutting jobs last month to conserve cash, is looking to collaborate with large retailers as it races to achieve group-level profitability within 12 months, its chairman said.