Costco: June sales results

GS Foods Group announced its acquisition of Graves Foods

US: Fast grocery delivery service Gorillas opening Jersey City location
A quick-delivery grocer that launched in New York City amid the pandemic will be expanding across the Hudson River over the coming months as Gorillas is building their first Jersey City outpost. A modern Downtown property at 338 Newark Avenue officially has a ground floor tenant for its retail space. The 4,000-square-foot space is currently abuzz with construction activity and will be the future home of Gorillas, a startup founded in Berlin, Germany.

New Amazon Fresh grocery store now open in Arlington
A new Amazon Fresh grocery store in Crystal City opened, offering customers the option of Just Walk Out Shopping, which lets customers skip the checkout line. The store is located at 1550 Crystal Drive in Arlington, near Amazon's HQ2. The store's hours will be 7 a.m. to 10 p.m.

US: GS Foods Group acquires Graves Foods - expanding operations in the Midwest
GS Foods Group, Inc. (“GS Foods”), a world class foodservice distributor owned by affiliates of Highview Capital, LLC (“Highview”) and A&M Capital Partners (“AMCP”), announced its acquisition of Graves Foods (“Graves”), a leading foodservice distributor headquartered in Jefferson City, Missouri.

US: H Mart builds upon operating areas
H Mart is on the move, with two new locations on opposite sides of the country. The Asian grocer is saying "Aloha" to customers in Hawaii at its latest store at 850 Kamehameha Hwy. in Pearl City, set for a July 22 grand opening. Later this month, another H Mart will welcome shoppers at 101 Falls Blvd. in Quincy, Massachusetts.

US: Costco Wholesale Corporation reports June sales results
Costco Wholesale Corporation (“Costco” or the “Company”) reported net sales of $22.78bln for the retail month of June, the five weeks ended July 3, 2022, an increase of 20.4% from $18.92bln last year. For the forty-four weeks ended July 3, 2022, the Company reported net sales of $188.34bln, an increase of 16.9% from $161.09bln during the similar period last year.

US: Whole Foods Market readies latest New Jersey store
Just in time for the summer harvest from local farms, Whole Foods Market is opening a new store in Woodcliff Lake, New Jersey. In addition to a bounty of produce from more than 10 nearby growers, this store will include Whole Foods’ signature full-service meat and seafood counters and a plethora of grocery items.

Japan: Seven & I raises profit forecast on overseas sales prospects
Japan's Seven & I Holdings has raised its full-year profit forecast, on expectations that a weaker yen will boost the value of overseas convenience store sales. The operator of 7-Eleven convenience stores lifted its operating income estimate 15% to 445bln yen (€3.21bln) in the year ending February 2023, it said in first-quarter results.

Italy: Coop reports turnover of €14.3bln, market share reaches 12.5%
Coop Italia ended 2021 with a total turnover of €14.3bln, slightly down on the previous year’s €14.4bln, of which €13.2bln was derived from retail activities. The association of 78 cooperatives managed to slightly increase its market share in the large-scale retail sector, to 12.5%, up from 12.4% the previous year.

France: Carrefour has teamed up with NOUS anti-gaspi and created a range of products that stand out from the rest, as well as being up to 20% cheaper
In partnership with NOUS anti-gaspi - trailblazing stores in the drive to tackle food wastage - Carrefour is exclusively selling 30 products in its Paris-region hypermarkets and will later expand this initiative to the rest of the country. Organic French-origin cucumbers will be available at €1.29 each; French-origin peaches, nectarines and apricots will be available at €1.99 per kilo.

Spain: Coviran sees sales decline in full-year 2021
Spanish proximity retail cooperative Coviran closed its 2021 financial year with gross sales amounting to €1.64bln, down 3.5% on the previous year. Of the total, €1.44bln was achieved in the company’s home market and the remaining €199mln in Portugal. Net profit amounted to €960,000, while EBITDA dropped 31% to €7.97mln. Capex amounted to €4.2mln, mainly for technological upgrades and modernisation of existing stores.

HappyFresh Malaysia’s own warehouses are its latest strategy toward a path of profitability
HappyFresh is an online grocery player that’s been delivering fresh groceries in Malaysia since 2015, and it recently officially introduced HappyFresh Supermarket, a line of cloud warehouses. Cloud warehouses are inventory stores that are purpose-built only for deliveries, not walk-ins. In an interview with Vulcan Post, Chief Growth Officer Johan Antlov shared how this was HappyFresh Malaysia’s latest strategy to cement its position in the industry.

UK: Your new Little Clacton lower environmental impact store
Morrisons reported: "We’re excited to launch our first lower environmental impact store in Little Clacton. It will use 43% less carbon, stock 366 loose products and will be almost zero waste, whilst quadrupling locally sourced products and increasing biodiversity schemes and community hours."

Customer satisfaction in retail dips but rises in infocommunications sector: SMU study
Takashimaya department store, supermarket chain Sheng Siong as well as fashion labels Uniqlo and Zalora have received the thumbs up from consumers but a study shows that customer satisfaction in the retail sector has declined. These findings come from an annual study by the Institute of Service Excellence (ISE) at Singapore Management University.

UK: Sainsbury's shareholders vote against committing to pay real Living Wage
Shareholders of Sainsbury's voted against a special resolution for Britain's second-biggest supermarket group to commit to paying the so-called real Living Wage to all its workers by July 2023, at its annual general meeting.

Australia: First Nations Advisory Board established to guide Woolworths Group’s reconciliation journey
Woolworths Group has announced the establishment of its First Nations Advisory Board to guide Australia’s largest retailer as it seeks to improve engagement with Indigenous communities and continue to make a meaningful contribution towards Closing the Gap and Reconciliation within Australia.

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