US Foods reports second quarter fiscal year 2022 earnings
US Foods Holding Corp., one of the largest foodservice distributors in the United States, announced results for the second quarter fiscal year 2022. Second quarter fiscal 2022 highlights: Net income available to common shareholders improved to $61mln. Adjusted EBITDA increased 10.8% to $368mln. Six month fiscal 2022 highlights: Net income available to common shareholders was $45mln. Adjusted EBITDA increased 20.8% to $609mln.
Source: businesswire.com
US: NGA taps ReposiTrak as traceability, compliance partner
The National Grocers Association (NGA) has reached a multiyear agreement for ReposiTrak to be NGA’s traceability and supplier compliance partner. NGA said that it expects the partnership with Murray, Utah-based ReposiTrak to improve food safety, speed up recalls and reduce waste in the independent retail grocery and wholesale community.
Source: supermarketnews.com
US: Blue Apron introduces new Tailgating Box right in time for football season
Blue Apron introduces a new Tailgating Box as part of its limited-time, seasonal meal kits, available with or without a subscription. Right in time for football season, the Tailgating Box features classic game day recipes with an elevated twist, designed to help customers celebrate their favorite team this fall with minimal planning involved.
Source: businesswire.com
US: Hy-Vee expands its rollout of FutureProof Retail's self-scanning solution
Hy-Vee, a Midwestern retailer with more than 285 grocery store locations, is expanding its Scan & Go program that runs on FutureProof Retail (FPR)'s Mobile Checkout Platform to even more locations. Hy-Vee's Scan & Go service launched at select Des Moines, Iowa, locations in 2021 and has since been implemented at several dozen Hy-Vee locations, with more on the way.
Source: newswire.com
US: Weis enlists Invafresh to streamline fresh food operations
Weis Markets is teaming with fresh grocery platform Invafresh to deliver “the freshest foods” possible to its customers while also refining its product demand projections and cutting food waste. The partnership will streamline fresh food operations in the Sunbury, Pennsylvania-based grocer’s 198 stores by developing demand forecasting, in-store production planning, food traceability, recipe management and cut test management across all fresh departments.
Source: supermarketnews.com
US: Boxed tallies 11.2% retail sales growth in Q2
Lifted by double-digit gain in the second quarter, online bulk-products retailer Boxed Inc. finished its fiscal 2022 first half with retail sales up more than 11%. For the quarter ended June 30, consolidated net revenue - including the retail and Software & Services divisions - rose 3.1% to $43.7mln from $42.4mln a year earlier, New York-based Boxed reported.
Source: supermarketnews.com
Chile's Cencosud posts Q2 net loss, hit by Argentina's inflation
Chilean retailer Cencosud posted a quarterly loss of $21.9mln, as inflation in Argentina impacted its debt levels and forced it to write down the value of some assets. Stripping out the effects of the South American country's surging prices, the supermarket operator registered a profit of $65mln. Cencosud, one of South America's largest retailers, reported that its overall revenue increased 22% year-on-year to $3.812bln, excluding Argentina.
Source: reuters.com
Brazil's Magazine Luiza posts Q2 adjusted net loss - hit by high interest rates
Brazilian retailer Magazine Luiza SA posted an adjusted net loss of 112.1mln reais ($21.76mln), posting a loss for the second straight quarter as its bottom line was hurt by the country's high interest rates. Magazine Luiza posted a 1.3% growth in total sales to 13.92bln reais. E-commerce sales grew 2% in the quarter to 10bln reais.
Source: reuters.com
UK: Tesco electrifies deliveries to more than 400 city centre stores
In an industry first, Tesco has become the first retailer to launch a zero-emission electric lorry to make deliveries from its distribution centres to stores in city centres. The first electrically-powered lorry of its kind, made by Renault Trucks, is now delivering to more than 400 stores in Greater London, with further electric lorries entering service in the coming months. The lorry has a range of up to 130 miles and is able to carry the same payload as the diesel truck it replaces.
Source: tescoplc.com
N. Macedonia's KAM opens most new supermarkets in Bulgaria's Sofia in H1 - Colliers
North Macedonia's discount supermarket chain operator KAM opened six stores in the Bulgarian capital Sofia in the first half of 2022, becoming the food retailer with the highest number of new openings in the period, Colliers Bulgaria, part of US-based professional services and investment management company Colliers International, said.
Source: seenews.com
UK: Asda permanently closes Deal Depot cash and carry
Asda has permanently closed its Deal Depot cash and carry concept in Bristol. Staff at the supermarket confirmed the closure to betterRetailing, but did not confirm the reason. Based next to the multiple’s Patchway superstore, the Deal Depot opened as a trial at the end of 2019.
Source: betterretailing.com
Germany: Tegut to open new Teo outlet in Heusenstamm-Rembrücken
German retailer Tegut plans to open a new Teo outlet in the city of Heusenstamm in the district of Offenbach. Customers will soon be able to shop around the clock in this new digital micro-space format, the retailer noted.
Source: esmmagazine.com
Singapore: Grab unveils US$1mln GrabScholar programme, new GrabMerchant Centre
Grab has unveiled two new initiatives - a US$1mln GrabScholar programme, and a new GrabMerchant Centre that is aimed at providing one-on-one business consultations to small and medium enterprises (SMEs). Announced during the official opening of its Singapore headquarters, Grab group CEO and co-founder Anthony Tan said that the initiatives are aimed at helping small businesses and upskilling the future workforce.
Source: sbr.com.sg
Marks & Spencer shopper praises store for free fruit for kids amid cost of living crisis
One shopper is praising Marks and Spencer for giving out free fruit to kids as they go back to school, helping parents who could save money. The customer took to Facebook group, Extreme Couponing and Bargains UK to applaud the high street giant. She wrote: "I saw this in M&S today what great thing for them to do".
Source: glasgowlive.co.uk
Australia: Metcash tells IGA, Foodland store owners not to increase prices
IGA and Foodland supermarket owners have been told by Metcash, the company that runs the network, not to increase shelf prices as inflation soars because it will actually make them less money. It is concerned pushing up prices will see customers ditch the independent retailers for Coles and Woolworths after fading IGA sales made a comeback during the pandemic.
Source: news.com.au
UK: Snappy Shopper teams with Gander to cut waste and drive impulse purchases
Snappy Shopper, the fast-growing home delivery app serving convenience stores, has teamed up with Gander, the world’s-first app to provide real-time information on reduced item goods. The partnership enables independent retailers to decrease waste, increase revenue and support their local communities.
Source: talkingretail.com
Spain: Covirán opens four new supermarkets in July
Spanish proximity retail cooperative Covirán opened four supermarkets in the autonomous communities of Andalusia and Catalonia, in the provinces of Cadiz, Granada, Jaen and Barcelona. The new store openings have created 17 jobs and added 639 square metres of sales space to its network.
Source: esmmagazine.com