Carrefour Brasil posts fourth-quarter loss following store closures
Carrefour Brasil posted a 565mln real (€105.7mln) net loss in the fourth quarter, compared with a 426mln real (€79.7mln) profit a year earlier, driven by expenses and non-cash impairments related to store closures.
Source: esmmagazine.com
New survey reveals Canadians love frozen veggies
To kick off the first-ever National Frozen Veggie Week (February 19-23), Nortera, a North American leader in vegetable processing, released the results of a survey on Canadians' relationship with frozen vegetables. The survey revealed that 85% of Canadians enjoyed these convenient, nutritious options over the past year, and nearly half (48%) say they purchase them at least once a month.
Source: newswire.ca
Delhaize finishes franchising project: all 128 stores have new owners
Belgian supermarket chain Delhaize has announced it has sold its last batch of 21 supermarkets. This finishes the Herculean task of finding new owners for all its integrated supermarkets.
Source: retaildetail.eu
SPAR China partners invest in retail expansion and modernisation
SPAR Shandong opened the doors of a new store in Galaxy COcO City. This is an important commercial landmark in Dongsheng District, Ordos City. Customers can explore the wide variety of fruits, seafood, and local delicacies which are on offer. The SPAR Supermarket Ka Wing Machong in Dongguan City unveiled its renovated look. The fruit section offers discounted prices on local favourites while inviting shelf displays present a diverse range of products with information and seasoning pairings.
Source: spar-international.com
Lidl, Billa to open new stores in Bulgaria
Lidl Bulgaria is set to expand its retail network with the opening of eight to 10 new stores in 2024, with each outlet seeing an average investment of BGN 14mln (€7mln). REWE-owned Billa has announced plans to open 12 stores in Bulgaria over the course of this year.
Source: esmmagazine.com
Germany: METRO LOGISTICS manages fresh produce logistics for Alnatura
METRO LOGISTICS is taking over the management of fresh produce logistics for the leading organic retailer Alnatura throughout Germany. This includes the logistics handling of its own store network as well as that of the food retailers supplied by Alnatura for the fruit & vegetable and dairy product ranges as well as for parts of the dry goods range. Around 20mln packaging units are to be stored, picked and handled at the METRO LOGISTICS sites in Kirchheim, Altlandsberg and Bergkirchen - an extensive collaboration between the two companies.
Source: newsroom.metroag.de
UK: Morrisons launches Aldi and Lidl price match on hundreds of products
Morrisons reported: "Helpful signage will reassure customers that Morrisons prices are already the same price or cheaper than Aldi and Lidl. Hundreds of our best selling products will be Price Matched in store - including weekly essentials such as bananas, bread, and pasta. Continued commitment to British Farming with price matches on 100% British milk, beef mince, chicken and carrots."
Source: morrisons-corporate.com
South Africa: Shoprite gets $64mln supply chain expansion funding from Standard Bank
Reuters reported: "South Africa's Shoprite has arranged 1.2bln rand ($64mln) in vehicle and asset financing to support its supply chain expansion, Standard Bank said."
Source: nasdaq.com
Discount retailer Pepco to quit Austrian market
European discount retailer Pepco Group has said it will exit the Austrian market, saying it does not expect appropriate returns in the country. The Warsaw-listed owner of the Pepco, Poundland and Dealz brands, which at had 4,832 stores end-December, entered the Austrian market in September 2021 and operates 73 stores in the country.
Source: reuters.com
UK: Lidl seeks investor to build 12 new stores
Lidl is looking for investors to plough £91.1mln into building a dozen new supermarkets across the country as it looks to expand its store network. The discounter has begun to look for investors to build the new shops, which it will then rent from them, stating in a funding pitch it is offering “a unique opportunity to acquire the freehold and fund the construction of 12 supermarkets let to Lidl GB,” The Grocer reported.
Source: retailgazette.co.uk
Discounter Mere returns as MyPrice
A year after its failed attempt to conquer Western Europe, discounter Mere is trying again under the name MyPrice. With a website in five languages, the retailer again seems to have lofty ambitions.
Source: retaildetail.eu
UK: Bestway expands retail range across depot network
Bestway Wholesale has announced the expansion of its retail range across its depot network, adding hundreds of new and best-selling products to meet retailer customers’ needs.
Source: talkingretail.com