Carrefour Belgium returns to growth
Carrefour has had an excellent quarter, with sales in many countries increasing strongly. Even its Belgian branch has rebounded in recent months, after years of decreasing sales. Carrefour’s group level sales grew by almost a fifth to 23.5bln euros. In its French home market, comparable growth was 6.6% as its market share grew. The company saw strong sales of its private labels, which now account for 33% of all sales.
Source: retaildetail.eu
UK: Getir to stock Co-op products
Rapid delivery grocer Getir has secured a deal to stock around 300 Co-op own-label products. Getir started trialling the new range in several of its dark stores across London, with plans to expand to additional locations in the coming months. It will be working with Nisa Retail, the Co-op’s wholesale division, which will be supplying the own-label products. Getir noted that Co-op’s products will significantly increase consumer choice across the ambient and fresh categories, with items such as ready meals, fresh meat, and fruit & veg.
Source: kamcity.com
Lulu opens new hypermarket in Saudi's Saihat
Lulu Group has opened its latest Hypermarket in the Eastern Province of Saudi Arabia. The 133,000 square feet store, which is also 28th in the country is located in Saihat in the Al Muntazah district of Eastern Province in KSA. The store will continue LuLu’s tradition of carrying Saudi-grown and made goods, such as Saudi Catch fish, locally grown lamb in the meat section, a focus on fruits and vegetables proudly grown in Saudi Arabia, specialty Saudi coffee and foods made in Saudi Arabia.
Source: zawya.com
Singapore: Selected local farms to sell vegetables at FairPrice supermarkets in pilot scheme
The supermarket chain has joined the Singapore Food Agency’s (SFA) Retail Incubation Initiative, which provides selected local farms the chance to sell their produce in supermarkets. Under the pilot, FairPrice will support Next Farmer, LivFresh, GoFarm and GKE in gaining business knowledge by selling their produce - which include Asian leafy greens, potted vegetables and herbs - at the nine FairPrice outlets: JEM, Vivocity, Parkway Parade, Thomson Plaza, Bukit Timah Plaza, Causeway Point, Our Tampines Hub, Northpoint City and Hillion Mall.
Source: straitstimes.com
UK: Asda announces new vegan Christmas range
Asda’s 97-product-strong range of vegan Christmas treats launches just in time for World Vegan Month this November. Shoppers can enjoy Christmas classics like pigs-in-blankets and a succulent turkey crown, all with a vegan twist. Asda’s new vegan offering comes as part of the store’s largest Christmas range to date, with over 100 vegan and free-from products and 326 new items across the store.
Source: corporate.asda.com
Thailand: Central Retail streamlines Tops banner branding
Retail conglomerate Central Retail Corporation is reforming the branding of its food business for the first time in its 26 years of history, unifying all its retail models under the brand ‘Tops’. The food retail business will be streamlined into four retail models. Tops Markets, Tops Superstore, Tops Daily and Top Online will be unified as Tops, described as a “fully equipped” supermarket. Central Food Halls in shopping malls will be rebranded Tops Food Hall.
Source: insideretail.asia
Seijo Ishii launches its first overseas store in Singapore
Japanese supermarket chain Seijo Ishii has opened its first pop-up store in Singapore, as part of its overseas expansion plans. The pop-up, located at the Isetan Scotts Supermarket from November 4 to 17, will feature 42 items from the company’s inventory of more than 10,000. “While there is room to open new stores in Japan, expanding overseas will be the key to securing sustainable growth both internationally and locally”, said Masafumi Hayafuji, CEO of Seijo Ishii.
Source: insideretail.asia
India: Can Dunzo's 'subziwala' proposition work?
Quick commerce start-up Dunzo is taking an audacious step aimed at making its fruits and vegetables (fresh) portfolio as its engine for growth. Fresh, claims Kabeer Biswas, CEO and co-founder, Dunzo, contributes 30% of the start-up’s overall revenue and Biswas aspires to be the sought after ‘subziwala’ of his consumers. Dunzo’s fresh vertical, claims Biswas, has acquired enough density to source fruits and vegetables directly from farmers as opposed to buying from mandis and aggregators. “In the 8 cities we are present in, in every city we have a distinct plan as far as sourcing of fruits and vegetables is concerned.”
Source: fortuneindia.com
Why we’re moving away from compostable plastics
Abel & Cole reported: "Until recently, there was something not very ‘us’ hiding in our Fruit & Veg Boxes. Like you, we thought compostable plastics ended up as well, you know, compost. But there’s a growing body of evidence which suggests that’s not always the case. It turns out that compostable plastic only breaks down under certain conditions. And unless your local waste collector has exactly the right kit, compostable plastic behaves a lot like regular plastic. Not great. But you know what’s worse? Not doing anything about it. Which is why we’re rolling up our sleeves and taking action. You’ll no longer find compostable plastics in our core Fruit & Veg Boxes. And we’re working hard with all of our suppliers to completely remove it from our range by the end of 2023."
Source: abelandcole.co.uk
Singapore: Sheng Siong profit dips 4.6% in Q3 on easing of Covid-19 curbs
Supermarket chain Sheng Siong’s net profit declined 4.6% to $32.8mln in the third quarter ending September 30, from $34.4mln a year ago. Revenue fell 4.2% to $333.5mln from $348.1mln in the third quarter of 2021, said Sheng Siong in a bourse filing.
Source: straitstimes.com
Five ways grocers can win over produce shoppers amid inflation
As food prices go up, it’s bananas to think consumers aren’t feeling the pinch in the produce department. In fact, 78% of Ontarians noticed prices going up for fresh vegetables and 75% noticed this for fresh fruits, with 55% saying the hikes are concerning, according to a recent study by Numerator.
Source: canadiangrocer.com
US: C&S Wholesale Grocers partners with RELEX Solutions to support smart forecasting solutions
C&S Wholesale Grocers, Inc., (C&S) an industry leader in supply chain solutions and wholesale grocery supply in the United States has selected RELEX Solutions, a provider of unified supply chain and planning solutions to further strengthen their planning processes. RELEX will help streamline C&S’s technical landscape for demand forecasting and automatic replenishment, which will not only enhance the customer experience but also drive C&S’s long-term growth plans with a scalable technology solution.
Source: businesswire.com
Amazon.com announces third quarter results
Amazon.com, Inc. announced financial results for its third quarter ended September 30, 2022. Net sales increased 15% to $127.1bln in the third quarter, compared with $110.8bln in third quarter 2021. Excluding the $5.0bln unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 19% compared with third quarter 2021. North America segment sales increased 20% year-over-year to $78.8bln.
Source: businesswire.com