Pingo Doce runs the biggest store network in Portugal, survey finds
The market survey, conducted by Marktest, included the following brands: Agriloja, Aldi, Amanhecer, Auchan, Bolama, Bricomarché, Conforama, Continente, Coviran, Decathlon, Intermarché, El Corte Inglés, Fnac, Froiz, Ikea, E. Leclerc, Leroy Merlin, Lidl, Max Mat, Media Markt, Mercadona, Meu Super, Minipreço, Mo, Pingo Doce, Pollux, Radio Popular, SPAR, Sport Zone, Staples, Supercor, Well's, Worten and Zippy. Pingo Doce (owned by Jerónimo Martins), with 470 stores, emerged as the banner with the largest network, with a presence in 164 of the 308 municipalities in the country.
Source: esmmagazine.com
UK: Sainsbury’s convenience sales hit £3bln
Sainsbury Local sales have hit £3bln for the first time. Sales in its convenience business, which comprises over 800 stores across the UK, grew 10% year-on-year in the financial year to date, which it said was 6% ahead of the market. Its convenience store sales are 7% higher than pre-pandemic.
Source: retailgazette.co.uk
UAE: Retail conglomerate Majid Al Futtaim posts 2% decline in net profit
UAE conglomerate Majid Al Futtaim, which operates shopping malls across the region, reported a slight decline in net profit for 2022 despite a surge in online retail sales. Total net profit for the year reached AED2.4bln ($653.4mln), down by 2% compared to a year earlier, while revenues rose 12% to 36.3bln UAE dirhams. The company reported strong online sales, which went up by 51%, while EBITDA grew 4% to 4.1bln UAE dirhams.
Source: zawya.com
Shufersal injects NIS28mln to open Dutch SPAR chain in Israel
Israel’s largest supermarket chain Shufersal announced that it has signed an agreement to set up a chain of Dutch-owned international supermarket SPAR stores and import SPAR-branded products at an investment of NIS28mln ($7.6mln).
Source: timesofisrael.com
Top 10 supermarket retail chains in Italy
1. Conad turnover in 2021: €16.9bln; 2. Gruppo Selex turnover in 2021: €16.9bln; 3. Coop Italia turnover in 2021: €14.3bln; 4. Gruppo VéGé turnover in 2021: €11.95bln; 5. Esselunga turnover in 2021: €8.56bln; 6. Eurospin turnover in 2021: €8bln; 7. Lidl Italia turnover in 2020/21: €5.5bln; 8. Carrefour Italia turnover in 2021: €4.4bln; 9. Despar Italia turnover in 2021: €4bln; 10. MD turnover in 2021: €3bln.
Source: esmmagazine.com
Malaysia: Jaya Grocer launches membership program integrated with Grab
Malaysian premium supermarket chain Jaya Grocer has launched its first membership program, leveraging the Grab platform. The membership, which is accessible right on the Grab app, aims to enhance consumers’ overall shopping experience by allowing them to conveniently earn and redeem GrabRewards points at all Jaya Grocer outlets nationwide, Jaya Grocer said in a statement.
Source: technode.global
AfricInvest Fund IV invests in Justrite Superstore, Nigeria's No.1 neighbourhood retail chain
AfricInvest is pleased to announce it has taken a minority stake in Justrite, a leading Nigerian family-owned retail department store. The company provides everyday essentials, such as groceries, confectionaries, and clothing to consumers in largely underserved neighborhoods.
Source: nairametrics.com
As growth explodes, Instacart waits for right timing for IPO
Wall Street will have to wait … but maybe not for long. For a while now the market has been wondering when Instacart would take the stroll down the investor corridor, and while the online grocer’s financials have been out of this solar system as far as growth goes, Instacart does not want to make a premature move into the publicly trading sector. However, it could happen sooner than later. The Wall Street Journal has reported that Instacart has been blowing the doors off financial reports.
Source: supermarketnews.com
Uber is coming for Instacart
Uber has rolled out updates to its Shop and Pay feature that address three of the most commonly raised courier issues: out of stock items, digital payments and order clarity before accepting a trip.
Source: techcrunch.com
US: 54% of grocery shoppers say they won’t buy meat online
PYMNTS reported: "For PYMNTS’ study “Changes in Grocery Shopping Habits and Perception”, we surveyed more than 2,400 U.S. consumers in December to understand how their grocery purchasing habits are evolving and the factors influencing these changes. The results revealed that, as consumers increasingly turn to eCommerce channels for packaged and shelf-stable goods, they continue to prefer brick-and-mortar for fresh foods and perishables. The study found that, across grocery store product categories, only 44% of shoppers now make the majority of their purchases in stores. However, that share goes up for certain kinds of items. For instance, 54% primarily shop for fresh meat, chicken or fish in physical stores. Similarly, 53% do so for fresh fruits and vegetables".
Source: pymnts.com
Amazon to close eight Go convenience stores in cost-cutting move
Amazon is closing eight Go convenience stores in Seattle, New York City and San Francisco. The company had previously announced it would shutter some Go stores and Fresh supermarkets as it re-evaluates its brick-and-mortar strategy and aims to cut costs.
Source: cnbc.com
Google Wallet begins to operate in Ecuador
Ecuador is the first Andean country in which the Google Wallet, an application that allows you to store and use cards, begins to work. And soon the mobile payment service created by Apple will be enabled.
Source: ecuadortimes.net
Ontarians expect to cut back on meat, produce in coming months: Study
Ontario consumers expect to cut back on fresh meat and produce over the next three months, the Ontario Produce Marketing Association (OPMA) reports in its new study. The study, conducted by Numerator, found 20% of shoppers anticipate reducing the amount of meat and produce they buy as food inflation remains high. Almost 60% of consumers are concerned about the price increases specifically for fresh fruits and vegetables. This has resulted in 45% buying more produce when on sale and 42% shopping at more stores to get the best price. Out of the stores Ontarians turn to for their fresh fruit and vegetable needs, conventional and discount continue to dominate trip choices.
Source: canadiangrocer.com