SuperValu, an Irish supermarket chain, is to open five new stores and create 350 jobs this year as part of a €28m investment. The firm announced the investment after it reported sales of over €2.6bn last year, which helped it to its 25pc market share. SuperValu said that its fresh food leadership strategy was a core driver of its performance last year. (independent.ie)5 food retailers among 50 'Most Admired' companies
Food retailers Costco, Whole Foods, Target, Walmart and Publix are all ranked among a list of top 50 "Most Admired" U.S. companies, according to a ranking published this week by Fortune. Among food retailers, Costco ranked No. 12, Whole Foods 24, Target 39, Walmart 42 and Publix 49.(supermarketnews.com)Sainsbury's bid for Argos owner threatened
Shares in Argos owner Home Retail group jumped 12% on Monday after the emergence of a £1.4bn rival offer from South African retail group, Steinhoff. Sainsbury’s is expected to ask for an extension of the Tuesday deadline to table a firm bid for the owner of Argos. The request for more time from the Takeover Panel would come from Sainsbury’s with the agreement of Argos’s parent, Home Retail Group (HRG), and would likely propose 18 March, the same date for Steinhoff to make a firm bid. (theguardian.com)Makro Cash & Carry announces business overhaul
Metro Group-owned Makro Cash & Carry has announced plans to make significant changes to its operations in the Netherlands, which will see it cut jobs by 600 over the next three years. Makro intends to invest €50m in revamping its business and transforming its 17 existing branches into what it describes as ‘unique marketplaces’. (esmmagazine.com)US: Kroger tries out new, green supermarket
Kroger, which owns QFC, Fred Meyer and other supermarket chains, is trying something new Gig Harbor (Washington): a smallish store that sells local and organic produce as well as conventional brand-name groceries. (seattletimes.com)US: KeHe acquires fresh distributor Monterrey Provision
In a move the companies said would create a "national powerhouse" in specialty, natural and organic food distribution, natural products distributor KeHe has acquired Monterrey Provision Co., a San Diego-based regional distributor focusing on fresh perimeter departments like deli, meats and cheeses, the companies said. (supermarketnews.com)Metro drops plans for IPO of Russian business
Metro AG, Europe's fourth-biggest retailer, has dropped plans for a partial listing of its Russian wholesale business, its Chief Executive said on Friday. "We are no longer thinking about this," Olaf Koch told shareholders at the company's annual general meeting, adding that a flotation did not make sense in the current environment. (Reuters)
Supermarket chain Ingles could be a target for KrogerPlease, click here to read the article.
