US: Getir arrives in New York City, introducing ultrafast 10-minute grocery deliveries
Getir, the pioneer of ultrafast grocery delivery, announced it has started operations in New York, debuting its ultrafast grocery delivery service to the country's largest metropolitan area in the United States.
Source: prnewswire.com
Canada: Empire reports $175mln second-quarter profit
Empire Co. Ltd. says it earned $175.4mln in its latest quarter, up from $161.4mln in the same quarter last year, helped by a nearly 5% increase in sales. The Sobeys parent company says its profit amounted to 66 cents per diluted share for the 13-week period ended October 30, up from 60 cents per diluted share a year earlier. Sales in what was the company's 2nd quarter totalled $7.32bln, up from $6.98bln.
Source: canadiangrocer.com
US: Boxed makes public market debut
Online bulk-products retailer Boxed.com premiered as a public company after closing a merger with special purpose acquisition company (SPAC) Seven Oaks Acquisition Corp. New York-based Boxed also announced a partnership to integrate its e-commerce grocery platform with a range of solutions from online technology and services giant Google.
Source: supermarketnews.com
SideChef shoppable recipes launch on Amazon Fresh
SideChef, the all-in-one cooking platform, announced the launch of shoppable recipes available in the Amazon Fresh 'recipes' section, accessible through the Amazon app and website.
Source: prnewswire.com
US: Pod Foods announces $13mln in new funding, reinvents the grocery supply chain as consumer demand soars
Pod Foods, reinventing the grocery supply chain with the 1st full-service wholesale B2B marketplace with built-in logistics, announced that it recently raised a total of $13mln in funding, including the closing of a $10mln Series A led by Industrious Ventures with participation from Microsoft's venture fund M12, Moment Ventures, and others.
Source: prnewswire.com
US: Costco Wholesale Corporation reports 1st quarter fiscal year 2022 operating results
Costco Wholesale Corporation (“Costco” or the “Company”) announced its operating results for the 1st quarter (12 weeks) of fiscal 2022, ended November 21, 2021. Net sales for the 1st quarter increased 16.7%, to $49.42bln from $42.35bln last year.
Source: globenewswire.com
Germany: Jan Kunath to continue as deputy chairman of REWE’s management board
REWE Group has announced that Jan Kunath will continue to serve as the deputy chairman of its board until the end of 2025. The company's supervisory board has extended Kunath’s contract, which was to expire on 31 December 2022, to 31 December 2025.
Source: esmmagazine.com
Italy fines Amazon record $1.3 bln for abuse of market dominance
Italy's antitrust watchdog said it had fined Amazon 1.13bln euros ($1.28bln) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe.
Source: reuters.com
France: Casino Group announces the disposal of 3% of Mercialys equity
Casino Group completed the definitive disposal of 3% of Mercialys equity through a total return swap (TRS) of maturity March 2022, reducing the Group’s stake in Mercialys in terms of voting rights from 19.9% to 16.9%. Proceeds of the transaction amount to €24mln.
Source: globenewswire.com
Uber-owned Careem gets in on the surging rapid grocery delivery market with UAE launch
Careem aims to provide its rapid delivery service to nearly half of Dubai by the end of this year, and the entire city next year, with 100 stores planned across both the UAE and Saudi Arabia in 2022. Careem also has plans to automate the process over time through its partnership with U.S.-based robotic sidewalk delivery start-up Kiwibot.
Source: cnbc.com
JD.com aims to build China’s 1st carbon-neutral logistics industrial park in Xi’an
JD.com is making progress in its construction of the 1st carbon-neutral intelligent industrial park for China’s logistics industry, with the Xi’an Asia No.1 logistics park expected to be carbon-neutral on the operations level by early 2022.
Source: globenewswire.com
Spain: Retailer Caprabo announces 2021-2025 strategic plan
Spanish retailer Caprabo has announced details of its new 5-year strategic plan, which will see it invest €100mln in the development of its network. The plan has already seen Caprabo invest in "transforming" its logistics structure, which was completed in the past year, while it also plans to upgrade its supermarket estate, broaden its offering, develop online sales through its Caprabocasa platform, and unveil a number of new openings in Catalonia, its core market.
Source: esmmagazine.com
France: Carrefour is recognized on CDP's climate 'A list' for its actions against global warming
Carrefour reported: "This key achievement highlights Carrefour's ongoing efforts to reduce its CO2 emissions and mitigate climate risk. In addition, the group was once again ranked as the leading French retailer in the Dow Jones Sustainability Index World (DJSI) and was listed among the top 6 global retailers for the 5th consecutive year".
Source: carrefour.com
Spain: Mercadona to raise salaries by 5% to adapt to inflation
According to newspaper Expansión, the Spanish retail leader - with a market share of close to 25% - has become the 1st major company to take measures to prevent inflation from causing a loss of purchasing power for its more than 93,000 employees in Spain. The figure rises to 95,000 workers if its teams in Portugal are added, whose salaries will also be adapted in that market. Inflation closed at 5.6% in November, its highest level since September 1992, driven by food and energy prices.
Source: thecorner.eu