Ingles: higher Q3 comps, net sales

Kroger: Ship ecommerce platform launched

CAN: Walmart to launch grocery pickup service in Manitoba
Manitobans will soon have another option for ordering groceries online and picking them up. Walmart has announced they will launch a free grocery pickup service in Manitoba on August 14, joining other large chains such as Real Canadian Superstore and Save-On-Foods who already offer the service. It will be available in six locations including: Brandon Walmart Supercentre; Grant Park Walmart Supercentre; Regent West Walmart Supercentre; St. Vital Walmart Supercentre; Winnipeg North Walmart Supercentre and Winnipeg South Walmart Supercentre.
Source: globalnews.ca

US: Ingles posts higher Q3 comps, net sales
Net sales were up more than 5% in Ingles Markets Inc.'s third quarter, with same-store sales up nearly 2% for the period ending June 30. Net income for the past three and nine months of Ingles' 2018 fiscal year was positively affected by the passage of the Tax Cuts and Jobs Act of 2017 last December, the retailer reported, while the timing of Easter this fiscal year benefited the second quarter rather than the third, which benefited in fiscal 2017.
Source: progressivegrocer.com

US: Kroger launches Ship ecommerce platform
Kroger is introducing a new direct to customer ecommerce platform, building on its current online and digital offer. As part of its strategic programme, Restock Kroger, the retailer is working to redefine the customer experience. One of the key ways in which it has been doing this is through its online efforts, making it easier for customers to shop when and how they want, in the most convenient manner. It currently has a variety of online shopping options, including ClickList, its pick up offer, home delivery, partnerships with Instacart and most recently, a partnership with Ocado, the leading online UK platform, to improve its capabilities further. Kroger Ship will initially launch in four markets, with plans to quickly roll it out to additional markets over the next few months. Customers will have access to a selection of 4,500 'Our Brands' products, which will be exclusive to this online platform, as well as over 50,000 core items.
Source: retailanalysis.igd.com

Stop & Shop owner Ahold Delhaize to streamline U.S. e-commerce platforms
Dutch grocer Koninklijke Ahold Delhaize NV is pruning back its e-commerce platforms in the U.S. and looking for partnerships in a bid to stabilize its position in the online groceries market, the company’s finance chief said. The company operates several grocery chains, such as Stop & Shop and Giant Food, with their own online sales platforms, but it now plans to consolidate web sales under its Peapod online delivery service. A unified online platform under Peapod would allow Ahold Delhaize to maintain its U.S. e-commerce sales, Chief Financial Officer Jeff Carr said in an interview with CFO Journal. “We will be integrating the platform with the stores and our loyalty cards,” Mr. Carr said.
Source: www.wsj.com

Largest food retailer in Belarus announces its unaudited operating results
Eurotorg LLC (“Eurotorg” or the “Company”), the largest food retailer in Belarus, announces its unaudited operating results for the three months (2Q 2018) and six months ended 30 June 2018 (1H 2018). Operating highlights for 2Q 2018 and 1H 2018: In 2Q 2018 net retail sales increased by 11.3% year-on-year (“y-o-y”) to BYN 1,003mln (net retail sales in USD terms2 increased by 4.5% y-o-y to USD 501mln). In 1H 2018 net retail sales increased by 11.4% y-o-y to BYN 1,936mln (net retail sales in USD terms increased by 6.2% y-o-y to USD 974mln). As of 30 June 2018, the Company operated 627 stores with total selling space of 300.3 thousand square metres (“ths sqm”). In 2Q 2018 Eurotorg added 107 net new stores with 19.8 ths sqm of selling space. Since the beginning of 2018 the Company has added 127 net new stores with 21.8 ths sqm of selling space. In 2Q 2018 the Company further expanded its regional presence, entering 68 new cities and towns across Belarus (225 cities and towns covered as of 30 June 2018). Since the beginning of 2018 Eurotorg has entered 82 new cities and towns across Belarus.
Source: internationalsupermarketnews.com

Malaysia: 7-Eleven appoints Colin Harvey as CEO
7-Eleven Malaysia Holdings Bhd has appointed Colin George Harvey as its chief executive officer. Harvey, 48, brings with him 26 years of experience in the international retail industry, the group said in a filing with the stock exchange. “Prior to his appointment as CEO of 7-Eleven Malaysia, Harvey served as an independent director of the board of Pharmacity Pharmacy JSC, a retail pharmacy leader in Ho Chi Minh City, Vietnam,” it said, adding that Harvey’s role had been to “advise and coach the Pharmacity team and founding CEO.”
Source: theedgemarkets.com

Greece: Spar on track to meet store targets
Spar has said it remains on track to reach its aim of having 80 outlets operational in Greece by end-2018 and more than 300 stores over the next four years. Spar Hellas has so far opened eight stores in Greece, and aims to have 18 outlets open by end-August. Spar’s biggest investment so far has been on the island of Naxos, which saw an existing store being converted to a 1,500 sq. m. outlet (from 800 sq. m.). Spar also operates stores on the islands of Skiathos, Crete, Kos and Kefalonia, as well as in Athens, and is looking to open stores in the cities of Larissa and Agrinio and on Rhodes and Kythnos.
Source: kamcity.com

Saudi Arabia’s top grocery app is coming to the UAE
Following the success of the grocery app within Saudi Arabia, Wadi.com plans to expand in other markets like the UAE, which is strategized to be introduced in 2019. Wadi Grocery, the grocery app of e- commerce major Wadi.com has emerged as a strong player within the kingdom of Saudi Arabia. With a promise of 2-hour delivery from order to your doorstep, the app quickly became a consumer favorite in the region.
Source: tahawultech.com

UK's M&S: Partnership with investment firm True
M&S has formed a new partnership with True, a retail and consumer investment and innovation firm. True's sector-specific international network will generate investable opportunities for M&S. The company's retail & consumer expertise, and focus on innovative technologies will also support M&S's digital ambitions. CEO Steve Rowe commented "the exposure they will give us to new enterprise-ready technologies... will benefit our customers and make us fit for the future". This is the latest in a series of investments to accelerate its transformation and become a digital-first business.

AUS: Wesfarmers' discounts to counter Amazon likely boosted sales, hit bottom line
Australian retailer Wesfarmers Ltd is likely to say in its upcoming earnings report that annual sales are higher than ever before, as shoppers flocked to its stores regardless of entrant Amazon.com Inc ramping up its online assault. But record sales at Wesfarmers - the retailer perhaps most exposed to competition from Amazon - have come at a hefty price: steep discounting to keep shoppers from switching allegiance is expected to have squeezed margins for the year ended June 30.
Source: nasdaq.com

Publication date:
Author:
©



Receive the daily newsletter in your email for free | Click here


Other news in this sector:


Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.