US: Trader Joe’s stands firm on opting out of e-commerce
Online shopping surged during the pandemic and now accounts for more than $8bln in monthly sales. Yet Trader Joe’s has stayed the course and avoided tacking on e-commerce shopping methods to its business plan despite the growing demand for pickup and delivery service. In the most recent episode of its monthly podcast, “Inside Trader Joe’s”, marketing executives with the grocer point to the additional costs that come with offering e-commerce as a major reason why the grocer doesn’t want to invest in it.
Source: grocerydive.com
US: Sprouts Farmers Market announces grand opening of New San Jose location, May 26
Sprouts Farmers Market is excited to announce it will open its newest store in San Jose on May 26, located at 615 Coleman Ave. From Friday, May 26 through Sunday, May 28 a variety of activities will celebrate the grand opening. A “pop-up party” out front will give guests the chance to taste seasonal produce, play games, have their face painted, see artists carve large produce and more.
Source: about.sprouts.com
US: Procurant introduces voice-enabled rating feature in produce inspection application
Procurant, a cloud-based software company revolutionizing the global food supply chain, unveiled a new voice-enabled rating feature in its Procurant Inspect application, further streamlining retail produce inspections while providing real-time data to buyers and sellers of fresh produce.
Source: businesswire.com
US: Target tops earnings expectations, even as sales barely budge and consumers watch spending
Target’s net income for the fiscal first quarter dropped to $950mln, or $2.05 per share, from $1.01bln, or $2.16 per share, a year earlier. Total revenue rose nearly 1% from $25.17bln a year ago, coming in just above analysts’ expectations.
Source: cnbc.com
Everything is bigger in Texas: Too Good To Go announces statewide expansion
Too Good To Go, the world's largest marketplace for selling surplus food, is now available across the state of Texas. Expanding across the Lone Star state, adding Dallas, Houston, and San Antonio, in addition to the partners already established in Austin, since launching there in 2021, there are now more than 450 partners across the state.
Source: prnewswire.com
UK: Pimms and cucumbers top Tesco's list of most sold Coronation weekend items
Pimms and cucumbers were among the food products that saw the largest spike in sales at Tesco during the Coronation weekend. According to insight platform Dunnhumby’s media director Lee Roberts, the UK’s biggest grocer sold 2.5mln cucumbers and 1.7mln bottles of Pimms across the weekend that King Charles III was crowned.
Source: grocerygazette.co.uk
Qatar: LuLu Hypermarket launches Mango Mania 2023
LuLu Hypermarket has launched 'Mango Mania 2023' across all its outlets in Qatar until May 21, featuring over 75 varieties of mangoes from 13 countries. The mango varieties on offer are from India, Sri Lanka, Thailand, Indonesia, Malaysia, Philippines, Kenya, Colombia, Vietnam, Uganda, Yemen, Costa Rica and Morocco. The highlights include the most famous Alphonso, Badami, Mango Yemen, Tottapuri, Mango Colombia, Rajapuri, Dilpasanth, Philippines Mango, Neelam, Mango Colombia, and many more.
Source: gulf-times.com
India's Future Retail receives 6 bankruptcy resolution bids
Debt-ridden Future Retail Ltd said it had received bids from six applicants in its insolvency resolution process. The company did not disclose the name of the bidders. Future Retail, once India's second-largest retailer, was dragged into bankruptcy proceedings by banks after it defaulted on loans and its lenders rejected a $3.4bln buyout by Reliance Retail amid a legal challenge by Amazon.com Inc.
Source: reuters.com
Discounter Lidl marks 50th anniversary in Germany
Lidl is marking the 50th anniversary of its first store opening in Germany, in 1973, with a series of events scheduled to take place well into the autumn, under the banner '50 Jahre mehr als günstig' ('50 years more than cheap').
Source: esmmagazine.com
Top 5 supermarket retail chains in Norway
Here's an overview of the top ten supermarket retail chains in Norway, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com) 1. NorgesGruppen turnover: €10.5bln (2022); 2. Reitangruppen turnover: €5bln (2021, estimated); 3. Coop Norge turnover: €5.53bln (2021); 4. SPAR turnover: € 1.7bln (2021); 5. Bunnpris turnover: N/A.
Source: esmmagazine.com
UK: One Stop price-locks over 80 everyday products
One Stop has announced a new price lock on over 80 products across fresh food, store cupboard, snacking and household from both One Stop’s own label range to well-known and popular brands. An example of the current price locked product: One Stop Baby Potatoes 1Kg - £1.40.
Source: talkingretail.com
Croatia: Studenac takes over retail chain Strahinjčica
Studenac, Croatia's largest retailer in terms of store count, has announced the acquisition of retail chain Strahinjčica d.o.o. Strahinjčica operates 47 retail outlets in Zagorje and the surrounding area and employs almost 200 employees. Studenac added that the latest takeover is a continuation of the company's continuous growth in recent years by strengthening its positions in Zagreb and Varaždin Counties.
Source: esmmagazine.com
French food companies, retailers to renegotiate prices, minister says
France's food industry has agreed to reopen price negotiations with retailers early, Finance Minister Bruno Le Maire said, after he put pressure on big food companies to lower prices.
Source: reuters.com
India consumed mangoes worth Rs25 crore through Zepto in April
10-minute grocery app Zepto clocked mango sales worth Rs25 cr from just the 10 cities where the app and its services are functional. According to Zepto, Alphonso mangoes from Ratnagiri have the most admirers in the markets of Mumbai, Bangalore, and Delhi. Bainganpalli, which is produced in Andhra Pradesh, was sold widely in the southern cities with 25% of sales, while Kesar was the third most in-demand category of mangoes at 15%, the company said.
Source: businesstoday.in
UK: Sainsbury's opens its most energy-efficient supermarket ever
Sainsbury’s has launched a new flagship supermarket in Hook, Hampshire, which is projected to use only half the energy of a similar-sized Sainsbury’s store and 25% less electricity than its other most energy-efficient supermarkets.
Source: about.sainsburys.co.uk