China's retail giant Suning Holdings Group ("Suning" or "the Group") has signed a cooperation agreement with Metcash, the leading wholesale distribution and marketing company in Australia, to bring more quality Australian and New Zealand products to Chinese consumers. Steven Zhang, Vice President of Suning International recently visited Australia at the invitation of Metcash. (markets.businessinsider.com) US: Appeals court upholds $42M decision against Safeway over online pricing
Supermarket group Morrisons has pledged not to sell own-label "fake-farm" food. It defines this as brands that can give a misleading impression that food comes from a British farm, market or farming town which may not even exist. The National Farmers' Union (NFU) is unhappy about fake-brands, particularly when it implies the food is British. The issue came to a head in 2016, when market leader Tesco created a range of brand names for its own produce, including Rosedene Farm and Boswell Farms. (BBC)
The UK’s food-to-go sector will be worth £23.5bn by 2022, up from £17.4bn in 2017, according to market research group IGD. “Food-to-go specialists are really setting the pace on product innovation and range development, as well as expanding quite rapidly outside London, which is why we’re forecasting them to become the biggest part of the food-to-go market by the end of 2022,” said Gavin Rothwell, senior insight manager at IGD. Sales of fruit have been on the rise over the last year, being purchased by 24% of all customers. (esmmagazine.com) Coop Danmark CEO: rebranding formats as part of 2018-2020 strategic plan
UK Morrisons continues drive to help farmers
Morrisons is continuing its home produce drive with a Meet the Farmer event. Farmers will be at its store at Enterprise 5 in Idle today, from 2pm to 4pm, to talk to shoppers and hand out information about British produce. It is being held to mark Farm24 (24 Hours In Farming) - a day where farmers can explain how they produce their food. More than 70% of the food which Morrisons sells in its stores this week will be British, according to the Bradford-based chain’s latest figures. (thetelegraphandargus.co.uk) NorgesGruppen increases market share by 3.5% in Norway
Norwegian retail group NorgesGruppen has increased its market share in the country by 3.5% in the last six months, according to data from Nielsen. Overall, however, the Norwegian grocery market posted historically low growth of only 1.2% for the start of 2017. "It's gratifying that we have a positive development in an increasingly tough grocery market," said Runar Hollevik, CEO of NorgesGruppen. The group's Kiwi supermarket chain experienced a 1% increase in market share, growing to 21.1%, while Spar reached 7% (+0.2%), Joker 3.7% (+0.1), and Meny 10.6% (-0.2%). (esmmagazine.com) Sun Art Retail Group Ltd, China's second-biggest hypermarket operator, posted a 22.7 percent rise in first-half net profit as gains from unused prepaid cards helped offset growing competition from e-commerce platforms. (Reuters)
Philippines to become fifth-largest grocery retail market in Asia – IGD