Boxed, Inc. announces Q3 2022 financial results

Walmart: Robust Q3

Ahold Delhaize USA CEO Kevin Holt to retire
Kevin Holt, CEO of Ahold Delhaize USA, is retiring and stepping down from the grocery company's management board when his term expires at the annual shareholder meeting on April 12, Ahold Delhaize said. The Dutch retailer will nominate JJ Fleeman as a member of the Ahold Delhaize Management Board and CEO of Ahold Delhaize USA at the annual meeting.
Source: winsightgrocerybusiness.com 

US: Walmart builds on prior-year gains with robust Q3
Walmart added to strong year-ago growth in its fiscal 2023 third quarter, with net and comparable sales increases exceeding 8% at Walmart U.S. and 12% at Sam’s Club. Bentonville, Arkansas-based Walmart also topped the high end of Wall Street’s forecast for adjusted earnings per share (EPS) by a dime. For the quarter ended October 31, Walmart totaled revenue of $152.81bln, up 8.8% from $140.52bln a year earlier. Excluding the impact of foreign exchange, revenue advanced 9.8% to $154.3bln, Walmart said. The uptick compared with 4.3% revenue growth (3.3% in constant currency) in the fiscal 2022 quarter.
Source: supermarketnews.com 

US: Crisp & Green is turning meat-and-potatoes country into a healthful place
The “fly-over” states don’t always get a lot of attention when it comes to healthy food; the reputation is more around meat and potatoes or fried foods, not salads. But Crisp & Green is out to change that. The chain, with 26 units and over 200 units in the works, based out of Minnesota believes people outside of the coasts want to eat healthy and is on a mission to prove it. Opening a new restaurant approximately every five days, according to CEO Steele Smiley, the chain is one of the fastest growing chains in the market. The goal? “We'll be the first healthy restaurant to reach 1,000 stores”, said Smiley, noting that he aims to get there by 2025.
Source: nrn.com 

US: Boxed, Inc. announces third quarter 2022 financial results
Boxed, Inc. (“Boxed” or the “Company”), the commerce technology company specializing as both an e-commerce retailer and e-commerce enabler, reported its financial results for the third quarter ended September 30, 2022. Retail gross profit increased YoY by 88.8%. Retail gross margin increased YoY by 503 basis points. Gross merchandise value increased YoY by 8.3% to $49.0mln. Retail net revenue increased YoY by 8.9% to $41.6mln. Retail net revenue per active customer increased YoY by 38.4% to $336.
Source: globenewswire.com

Konzum Plus confirms leadership position in Croatia
The turnover of the Croatian retail grocery sector amounted to HRK43.4bln (€5.7bln) in 2021, which was 8.4% higher than the previous year, new data has shown. In its 2021 report, Croatia's Agency for the Protection of Market Competition (AZTN) analysed 47 companies with 4,825 outlets (+2.5%) between them, and a net sales area of 1.5mln square metres (+4.8%).
Source: esmmagazine.com

Belgian organic supermarket chain sells mushrooms grown on its unsold bread
No matter how carefully store managers plan, supermarkets usually have bread left over at the end of the day. In Belgium, organic retailer Bio-Planet is helping save those loaves from waste streams by rerouting them to a local mushroom farmer. Brussels-based ECLO picks up bread from Bio-Planet stores and mixes it with sawdust to create a growing medium. That substrate is packed into bags and pasteurized, after which mycelium is added and mushrooms start growing. After four to twelve weeks, ECLO harvests organic eryngii and nameko mushrooms, which are then sold at all of Bio-Planet's stores.
Source: trendwatching.com 

Two Hands Corporation expands with focus on specialty Italian imports
Two Hands Corporation is pleased to announce that it has returned from travels in Italy securing more local Italian partners to expand their product lines available on their leading grocery platform, Gocart.city, with a continued focus on specialty Italian imported grocery products.
Source: globenewswire.com 

China: Dada Group sets new records for sales and delivery volume during 2022 Singles' Day Grand Promotion
Dada Group ("Dada"), China's leading on-demand delivery and retail platform, has set new sales and delivery volume records for the Singles' Day Grand Promotion, or Double 11, a major online shopping spree in the world. During the spree, JDDJ and JD Shop Now have achieved significant growth in grocery sales. The sales of beverage & liquor have increased by 190%, fresh beef/lamb/mushroom by over 200%, beef brisket/fish/pomegranate/durian by 100%, deli by 110% and roasted poultry saw three times year-on-year growth.
Source: prnewswire.com 

“More bids than expected” for Makro/Metro Belgium
The deadline for acquisition bids on the Belgian branches of Makro and Metro has passed, and there are more candidates than expected. However, it remains to be seen what this means for the retailer’s employees. The extension of the deadline by a week seems to have had positive results for Makro Cash & Carry Belgium. In the end, a “significant number of bids” were put forward in time, business newspaper De Tijd reports.
Source: retaildetail.eu 

Latvia: Lidl already cooperates with over 50 local producers
“Cooperation with local producers is one of the basic Lidl principles in every country where we work. We are pleased that in a relatively short time we have added to our daily Lidl international food brand assortment locally produced milk, meat, fish and confectionery products, as well as seasonal range of fruits and vegetables. Our goal is to develop this cooperation in the future as well", says Alexandru Mag, member of the Board of Lidl Latvija responsible for the purchases.
Source: baltictimes.com 

Alibaba eyes logistics growth in LatAm as China commerce slows
Cainiao, the logistics arm of Alibaba, is traveling far from home to seek expansion for its business. The company recently launched its first parcel distribution center in Brazil, adding to its regional network of sorting centers in Mexico and Chile, it said.
Source: techcrunch.com 


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