India's November retail inflation below 6% for first time this year
Food price inflation, which accounts for nearly 40% of the consumer price index (CPI) basket, eased to 4.67% in November from 7.01% in October. That was mainly due to a decline in prices of fruit and vegetables. However, prices of cereals, pulses and eggs continued to rise. "Favourable base effect and seasonal correction in food prices drove the November CPI inflation to a 10-month low," Elara Capital's Garima Kapoor said.
Italy: Gruppo Selex launches €340mln investment plan
Gruppo Selex, Italy's second largest large-scale retail chain, plans to invest €340mln in 2023, in opening 63 supermarkets and renovating 73 stores. The group said that it is set to close 2022 with gross sales of €18.5bln.
Get your groceries in 30 minutes: Yassir Express launches in South Africa's Gauteng
Grocery deliveries just became simpler and faster with the launch of on-demand shopping app Yassir Express, which went live in Gauteng. Yassir Express offers a one-stop shop for thousands of products including everything from nappies and pharmacy items to pet food, fresh fruit and vegetables, and meat - all delivered right to customers’ doorsteps in just under 30 minutes.
TiNDLE plant-based chicken to launch in major UK supermarket for limited time only
TiNDLE chicken alternative has previously only been available to the restaurant industry, but it will be on sale in one supermarket chain during Veganuary: Morrisons.
Lidl NI ploughed £112mln into agri-food industry in the Co Armagh, Down and Mid Ulster area in one year
International firm Lidl has become the region’s fastest-growing supermarket inputting £112mln into the southern region in the last financial year ending February 2022. From freshly baked bread from Cookstown to speedy porridge oats from Tandragee, mushrooms from Armagh, fresh fruit harvested in Craigavon and coffee from Dungannon, shoppers are enjoying a real taste of home with an increasingly expansive line of authentic Northern Irish produce.
Ahold Delhaize maintains its position as a leader in the Dow Jones Sustainability World Index
Ahold Delhaize announced that it has maintained its position as a leader in the Food and Staples Retailing sector in the 2022 Dow Jones Sustainability World Index (DJSI World).
UK: Guildford forecourt to reopen with new look
Guild Foods Market, which opened to huge acclaim in Guildford in 2019 thanks to its upmarket convenience concept, has changed hands and will re-open as a Southern Co-op site. The new range will include an in-store bakery, hot food and drinks to takeaway, fresh fruit and vegetables, Amazon lockers and Southern Co-op’s Local Flavours range.
Pepco Group annual profit jumps 14.3% on store expansion
Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, reported a 14.3% rise in annual core earnings, helped by the opening of 516 new stores, and forecast more growth in its new financial year. The group, which listed on the Warsaw stock market last year, said it made underlying earnings before interest, tax, depreciation and amortisation (EBITDA) of 731mln euros ($771mln) in the year to September 30, up from 647mln euros in 2020-21. Revenue rose 17.4% to 4.82bln euros, with like-for-like sales up 5.2%.
UK: Ryde partners with Port to improve last-mile deliveries in London
Ryde, a delivery service company providing businesses with the technology, people, and vehicles to create integrated logistics solutions, has announced a pilot program with Port, a pioneering e-mobility startup that offers the industry-first, comprehensive e-mobility solution to the last-mile delivery industry.
Ireland: Annual grocery bills could rise to €8,071 - Kantar
Grocery price inflation has hit a record 14% in Ireland which will drive the average cost of a traditional Christmas dinner for four people in Ireland to €41.58 this year, according to new projections. Latest figures from the market research organisation Kantar suggest that the average grocery bill is also set to rise by an extra €1,034/year.
Basko launches quick commerce service in Italy
Italian supermarket banner Basko has rolled out Basko Rapido, a quick commerce service for home grocery delivery within an hour of placing an order. To access the Basko Rapido service, it is necessary to register on the Basko.it website and have a Basko loyalty card, Prima Card or Prima Card 65.
Getir acquires ultrafast delivery rival Gorillas
Ultrafast grocery delivery company Getir has acquired rival firm Gorillas, according to an announcement. The deal values Gorillas at $1.2bln and values the combined companies at around $10bln, according to a Financial Times report.
US: Blue Apron cuts 10% of staff amid financial pressures
Blue Apron, once a high-flying leader in the subscription meal kit delivery niche, said it will trim its workforce by 10% to cut costs amid rising financial pressures. As a result of the layoffs, the company said it would incur about $1.2mln in employee-related expenses in the fourth quarter, primarily in the form of severance payments.
US: Tops completes pricey renovation in upstate New York
As part of an ongoing series of store refreshes, Tops Friendly Markets is set to welcome shoppers back to its renovated location in Canandaigua, New York, in the Finger Lakes region of the state. The 57,000-square-foot store is celebrating its grand reopening on December 13. The expanded produce area now includes an array of fresh-cut vegetables, fruits, and trays and goods from local farmers.
US: Shipt’s deliveries rose 11% in 2022
Delivery orders rose 11% this year for Shipt, and fruits and vegetables were the most-delivered items, the Target-owned delivery platform said in an end-of-year report. As shoppers have becoming more comfortable returning to stores, though, Shipt’s growth has slowed significantly: in 2021, the company reported a 252% jump in orders over 2019.
US: Grubhub and Kiwibot partner for robot delivery on college campuses
Grubhub, a leading food ordering and delivery marketplace, and Kiwibot, a leading last-mile robotic delivery company, announced that they will provide robot delivery services on college campuses across the United States.
Planet Based Foods announces partnership with Oregon-based supermarket chain
Planet Based Foods Global Inc. ("PBFG", "Planet Based Foods" or the "Company") is pleased to announce that popular Oregon-based supermarket chain, Market of Choice, will now feature the Company's products across all 11 in-store locations.
US: Fast-growing Aldi opened 7 stores
With a business model that is “intentionally different”, Aldi opened its newest Greenville, Michigan, location at 2009 W. Washington St. Aldi held ribbon cutting ceremonies for the following new stores: 780 NJ-70 West, Brick Township, which will replace the 131 Van Zile Rd. Brick Township, New Jersey, store; 1181 East Caro Rd., Caro, Michigan; 6365 Pats Ranch Rd., Mira Loma, California; 3430 Emmorton Rd., Abingdon, Maryland; 500 Highway 72 West, Rolla, Missouri; 4201 W 61st Circle N Suite 140, Sioux Falls, South Dakota.