UK: Morrisons staff strike in pensions row
About 1,000 Morrisons staff in West Yorkshire and Cheshire have started strike action in a row over pensions and take-home pay. Staff at the supermarket's warehouses in Wakefield and Northwich are taking part in industrial action which began at 05:00 BST on Thursday and runs until 05:00 on Sunday.
Source: bbc.com
Belgium: Renewed Spar Opwijk reopening on 30 May
On Thursday 30 May, the Spar Colruyt Group store in Opwijk will be reopening its doors after a thorough renovation. The De Baerdemaeker family has run the store with heart and soul for three generations. The renovation continues in the same vein, with a focus on sustainability, freshness and local produce.
Source: press.colruytgroup.com
Spain: Ahorramas sees record sales and profits in 2023
Supermarket group Ahorramas reported a positive year in 2023, achieving record highs in terms of both sales and profits. Gross turnover reached a historic high of €2.19bln, a jump of 11.2% from the previous year. Elsewhere, net profit soared by 36.2% to €114.3mln, while EBITDA was 25% higher at €205.7mln.
Source: esmmagazine.com
Czech online grocer Rohlik ramps up German expansion as rivals quit
As foreign online grocery delivery rivals exit Germany, Czech Republic-based Rohlik Group is ramping up in Europe's biggest economy and is on track to break even within the next 12 months, founder and chief executive Tomas Cupr told Reuters. The privately held company, valued at more than $1bln in 2021, operates under the Knupsr.de brand in Germany and opened in Berlin in April after launching in Munich in 2021 and Frankfurt in 2022.
Source: reuters.com
Romania's Profi confirms strong growth in 2023
Romanian food retailer Profi has reaffirmed its strong growth trajectory of recent years, reporting an 11% annual increase in revenue in 2023, to RON12.9bln (€2.6bln). Net profit dropped from a negative RON286mln (€57mln) in 2022 to a negative RON213mln (€43mln) in 2023.
Source: esmmagazine.com
Pepco Group N.V. Interim results for six months ended 31 March 2024
Pepco Group, the fast-growing pan-European variety discount retailer, reported interim results for the six-month period ended 31 March 2024. Key highlights: Record H1 Group revenue of €3.2bln, up 13.8% year-on-year ("y-o-y"). Group gross margin up 310 basis points ("bps") to 43.1%, driven by Pepco. Record underlying Group EBITDA (IFRS16) of €487mln up 28.2%, driven by Pepco EBITDA up 38.9%.
Source: pepcogroup.eu
Lidl parent Schwarz Group reports 8.5% revenue growth in FY 2023
Lidl and Kaufland parent Schwarz Group has reported a 'successful' financial year 2023 with an 8.5% increase in revenue to €167.2bln. Discount chain Lidl generated revenue of €125.5bln at its stores, up 9.4% compared to fiscal 2022, while Kaufland reported a 7.8% increase to €34.2bln.
Source: esmmagazine.com
ProAmpac recognized as finalist in the 2024 Environmental Packaging Awards
ProAmpac, a global leader in flexible packaging and material science, is thrilled to announce its selection as a finalist at the 2024 Environmental Packaging Awards. ProAmpac's ProActive Recyclable RP-1000 has received recognition in the Fresh Fruit and Vegetables category for collaborating with Marks and Spencer's Select Farms Organic potato range.
Source: businesswire.com
US: Meijer ready to build new store in Fishers, Indiana
Meijer is preparing to open a 75,000-square-foot grocery store in Fishers, Indiana, reports the Indianapolis Business Journal. It will be the second Meijer location in Hamilton County. A 90,000-square-foot location is set to open in July in Noblesville which will employ about 250 workers.
Source: supermarketnews.com
US: Walmart to lay off 568 workers in California
Walmart is laying off 568 employees in California as part of its previously announced cutbacks, according to filings with the state. The layoffs, effective August 9, include 180 employees in Sunnyvale and 388 in San Bruno.
Source: supermarketnews.com
US: PCC posts $10mln loss in 2023, asks members to spend more
PCC Community Markets has asked its members to spend more at the consumer-owned co-op after the company posted a loss of nearly $10mln in 2023. The 15-store chain took a charge of $12.5mln for the closure of its downtown Seattle location, which struggled to drive sales after the loss of office workers in the area. Total sales for the year were up 3.5%, to $436.5mln, which the retailer said fell short of expectations.
Source: supermarketnews.com
Ahold Delhaize to close underperforming US Stop & Shop stores
Supermarket group Ahold Delhaize said it will close an undisclosed number of underperforming Stop & Shop grocery stores in the U.S. this year. Ahold Delhaize declined to disclose the number of shops affected, saying it would do so later in the year.
Source: reuters.com
US: Kroger shares graduation party staples for A+ celebrations
The Kroger Co. shared no-hassle party solutions to make organizing grad parties this season a breeze with catering, party trays, custom cakes and more. Find the Perfect Party Tray: Large Fresh Cut Fruit Party Tray; Kroger® Brand Veggie Tray.
Source: prnewswire.com
US: BJ's Wholesale Club does well in Q1
BJ's Wholesale Club remains on track for a solid fiscal year as the retailer beat 2024 first-quarter expectations. Comparable club sales increased 1.6% year over year, and comparable club sales, excluding gas, were up 0.6%, led by strong traffic and unit growth. Net sales were over $4.8bln in quarter one, marking a 4% increase vs. Q1 2023.
Source: supermarketnews.com