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Ocado shares plunge in worst fall in 11 years

Colruyt Group acquires 57 stores

SPAR Netherlands takes silver at European Franchise Awards 2023
Congratulations to SPAR Netherlands for taking home silver at the European Franchise Awards, held in Brussels. SPAR Netherlands competed against no less than ten other organizations to gain this award, which recognizes SPAR Netherlands' success in this sector.
Source: spar-international.com

Coles now offering compostable bags in fruit & veg section in all South Australian stores
Aligned with its ambition to create a more sustainable future, Coles announced it will be replacing single-use plastic bags with certified compostable bags in the fresh produce section of all South Australian stores.
Source: colesgroup.com.au

Belgium: Colruyt buys 57 stores, redundancy procedure started for remainder
Belgian retail chains Match and Smatch are coming to an end. Having already sold their stores abroad earlier this year, they now also disappear from their home market. Colruyt Group acquires 57 stores, while closure looms over the almost thirty other stores (and supporting services).
Source: retaildetail.eu

Supermarket franchisee Spinneys Dubai plans IPO in 2024
Spinneys Dubai LLC, the franchisee of the supermarket chain in the United Arab Emirates and Oman, is planning an initial public offering of the business in the second quarter of 2024, three sources with direct knowledge of the matter said.
Source: reuters.com

LuLu Group opens food processing and export hub in Italy
To further boost its sourcing operations and to bring in high-quality products for its large chain of hypermarkets, Abu Dhabi-based retail giant LuLu Group officially opened its world-class sourcing, food processing, and export hub in Italy at World Trade Center Malpensa Airport in Milan. The center will also source and export a wide range of fruits and vegetables, including apples, grapes, kiwi, and olives.
Source: arabnews.com

UK: Franco Manca and The Real Greek join Just Eat
Just Eat announces a new delivery partnership with Franco Manca and The Real Greek, offering nationwide delivery across the UK. Following a rapid rollout, all 94 Franco Manca and The Real Greek restaurants now offer delivery through Just Eat.
Source: justeattakeaway.com

Denmark: Coop opens first three new-concept Brugsen stores
Coop Denmark has opened the first three Brugsen stores featuring a new concept in Copenhagen and North Zealand. The three stores are also the first in a series of 11 Irma stores that will be rebranded as Brugsen, the retailer noted. The chain will also offer an assortment of organic products, freshly baked bread from BrødCooperativet, and fresh fruit and vegetables with a focus on Danish seasonal products.
Source: esmmagazine.com

UK: Record sales for Aldi as millions more 'discover discount'
The cost-of-living crisis has 'changed the way Britain shops for groceries.' Aldi pledges a £1.4bln investment to help it serve more communities across the UK with quality, affordable groceries. Just this month, it lowered prices on 55 products across fruit and veg - around one-third of the range.
Source: aldipresscentre.co.uk

UK: Tesco CEO urges supermarkets to report on food waste
Tesco chief executive Ken Murphy is calling on supermarkets to report their own food waste data to help "turn the tide" on the amount of food waste produced worldwide. He said that Tesco has not sent any food to landfill since 2009 and was the first retailer in the UK to publish its food waste data in 2013.
Source: grocerygazette.co.uk

New Zealand: Northland brothers sell kūmara at half the price of supermarkets
A Northland grower passionate about health, nutrition, and providing fresh produce at fair prices is fighting to keep vege and fruit prices down. With vegetables and fruit at record highs due to a burgeoning cost-of-living crisis, causing many families to forgo them altogether, Kerikeri resident Joe Thistlethwaite is on a mission to keep their prices as low as possible. With kūmara selling for $14 a kg at Countdown and $13.50/kg at New World, Thistlethwaite, who has been in the growing industry since he was a kid, can manage to sell the precious sweet spud for just $5/kg. Northland kūmara growers were slammed earlier this year after Cyclone Gabrielle tore through their crops following an entire summer of heavy rain and bad weather. Northern Wairoa Vegetable Growers Association president Doug Nilsson said the cyclone was "the only reason" for the price hikes.
Source: teaonews.co.nz

UK: Ocado shares plunge 20% in worst fall for 11 years
Ocado lost a fifth of its value, suffering its worst drop in 11 years after it was downgraded by a City broker. The stock fell 19.9%, wiping nearly £1.4bln off the online supermarket group's value - shaving £32mln off the stake held by co-founder and chief executive Tim Steiner.
Source: retailgazette.co.uk

UK: Peterborough's Riverford farm spearheads national campaign for better deal from supermarkets
An organic vegetable delivery farm in Peterborough is spearheading a campaign to secure protection from supermarkets for fruit and vegetable growers.​ Riverford, based at Sacrewell Farm, has launched a petition urging the Government to create tougher protections for fruit and vegetable producers from the big six supermarkets.
Source: peterboroughtoday.co.uk

Lidl profits under pressure
To be precise, it is the Lidl Stiftung, the supermarket chain's holding company, that saw its net profit fall by almost 500mln euros to 1.64bln euros in the financial year to 28 February. That amounts to a profit margin of just 2.0 %, Lebensmittel Zeitung calculated.
Source: retaildetail.eu

Start-up NatureMetrics wins Tesco Agri T-Jam competition
NatureMetrics has won the 2023 Tesco Agri T-Jam Competition, which will give it access to the retailer's supplier network and an opportunity for a trial with one of the supermarket group's supply chain partners.
Source: greenretail.world

California Teamsters to Chedraui/Smart & Final: Protect American jobs
Teamsters Local 630 members at two Chedraui-owned Smart & Final grocery store warehouses rallied outside the company's corporate offices in Southern California to demand job protection, just wages, and a union contract.
Source: prnewswire.com

US: Kroger Delivery expands in Northern Colorado
The Kroger Co. announced the official opening of a new spoke in Johnstown, Colorado. The new facility will bring Kroger's vast selection of fresh items right to customers' doorsteps, including unique Our Brands products and favorite national brands, in addition to cost-saving offerings, making products even more affordable for Northern Colorado families.
Source: prnewswire.com

US: Save A Lot incorporates The Dream Vault to fight food insecurity in Chicago
A new Save A Lot store on Chicago's South Side has become the site of an innovative solution to food insecurity: to mark its third anniversary, non-profit organization Dion's Chicago Dream has launched The Dream Vault, a locker-based system to dispense fresh produce to those in need. The network-enabled bank of lockers is designed to provide 200 households living within a 1-mile radius of the store with fresh fruits and vegetables at no cost to them. Every week, a recipient can enter a code and pick up a box of produce.
Source: progressivegrocer.com