US: June retail sales increased despite rising inflation
Retail sales increased in June even as inflation climbed higher and drove up prices across the board, the National Retail Federation said. “June retail sales data shows that consumers remain on solid footing despite rising prices and an active Fed raising interest rates to combat it”, NRF President and CEO Matthew Shay said.
US: Natural Grocers comes to South Dakota
Natural Grocers is celebrating the grand opening of its newest location in Sioux Falls, South Dakota, on July 27. The store at 2601 S. Louise Avenue is the first Natural Grocers site in that state.
US: New Jersey supermarket to shutter after 43 years of business
Grocery store chain Super Foodtown is planning to close one of its New Jersey spots after more than four decades of business. The supermarket is in Ocean Township, located at 1560 Route 35. Lou Scaduto Jr., president of Food Circus Super Markets, told the Asbury Park Press the store will close August 12 after it was unable to come to terms for a new lease.
Amazon price matches Tesco as supermarkets fight for customers
Amazon's online grocery shop is price matching hundreds of Tesco products as supermarkets battle for customers amid the soaring cost of living. Amazon Fresh is starting its Tesco Clubcard Price Match on items such as fruit, vegetables, meat and fish. The UK average annual grocery bill is predicted to rise by £380 this year, according to research firm Kantar.
Milton Keynes: Lorry fire damages Waitrose distribution centre
A supermarket distribution centre has been damaged in a fire. Fire crews were called to an industrial unit used by supermarket chain Waitrose on Bransworth Avenue, Milton Keynes. Drivers have been warned to avoid the area after large plumes of smoke spread across local roads, including the M1. Buckinghamshire Fire and Rescue said the fire was under control but that crews would remain at the scene for much of the day.
Picnic eyes Berlin and Paris in 2023
Early next year Dutch online supermarket Picnic wants to expand to Berlin and Paris, with Hamburg and Frankfurt to follow soon. The retailer is already active in both countries, but is now going full steam ahead for the big cities.
UK: M&S scraps 'best before' dates on fruit and veg to cut food waste
Marks & Spencer is taking "best before" dates off more than 300 fruit and vegetable items to tackle food waste. They will be replaced by a code that M&S staff can use to check freshness and quality.
Deliveroo slashes revenue outlook on deteriorating UK economy
Food delivery company Deliveroo has slashed its full-year revenue guidance, blaming a worsening economic outlook as pressures on consumers mount. The group said its full-year gross transaction value (GTV) growth was now expected to be in the range of 4% to 12% at constant currency levels, compared to previous guidance of 15% to 25%. For the first half of the year, gross transaction value totalled £3.56bln (€4.19bln), which the company said was a 7% increase year-on-year (+7% at constant currency levels).
Amazon sold 100,000 articles per minute on Prime Day
Amazon has sold a record number of 300mln products during this week’s Prime Day - roughly 100,000 items per minute crossed the digital counter. The tech giant does not comment on turnover.
India: BigBasket FY22 revenue up 17% to Rs 7,119 cr, loss widens 4x to Rs 813 cr
Innovative Retail Concepts Private Limited, which operates as an online food and grocery store (popularly known as Bigbasket), reported its revenues for the financial year 2021-22 as Rs 7,119 crore, a 17% increase since the last financial year.
UK: Morrisons agrees to rescue McColl’s £130mln pension schemes following takeover
McColl’s pension schemes, which have combined assets of £130nln, will be rescued following the sale of the business to supermarket chain Morrisons. The deal successfully transferred all 16,000 staff and over 1,100 stores across the UK, with Morrisons agreeing to support McColl’s two pension schemes going forward. The pension schemes will no longer be in the PPF assessment period and will be supported by Morrisons.
Emirati supermarket chain Union Coop lists shares on Dubai Financial Market
Emirati supermarket chain Union Coop has become the UAE's first cooperative to list its shares on the Dubai Financial Market (DFM). The company marked its debut on the exchange on Monday with its shares trading at AED3.8 ($1.03) as of 10:03am, around 2.5% lower than the indicative price of AED3.9.