Lidl announces management change in Latvia and Estonia
Chairman of the board of Lidl Latvija and Lidl Eesti, Jākobs Jozefsons, will leave the role on 1 November 2022. He will continue his career with the parent company Schwarz Group as chairman of the board of Lidl Sverige, the discounter noted. Current board member of both companies Maciej Urbanski will succeed Jozefsons as the chairman of the board of Lidl Latvija and Lidl Eesti from the middle of October 2022.
JD.com ranks in BCG’s Most Innovative Companies 2022
JD.com has been recognized for the second time as one of the most innovative companies in the world by Boston Consulting Group (BCG) in its 50 Most Innovative Companies of 2022 list, ranking at 30th place. The ranking is based in large part on a survey of more than 1,500 global innovation executives, with a combination of the company’s performance on four dimensions including global mindshare, industry peer view, industry disruption and value creation. Six other Chinese companies, namely Huawei (8th), Alibaba (22nd), Lenovo (24th), Xiaomi (31st), Tencent (41st) and ByteDance (45th) are also on the list this year.
MySuki expands to 16 regions in the Philippines
Fresh off a $1.6mln seed round led by the Fast Logistics Group and CVC Capital Partners, MySuki announced that it is now in 16 of the 17 regions, making it the online grocery platform with the largest footprint in the Philippines. The company is now on track to reach P4bln in annualized gross merchandise value this year.
UK: Morrisons to open ‘thousands’ of Morrisons Daily stores
Morrisons plans to open thousands more of its Morrisons Daily stores, as the supermarket nears the 500 mark. The grocer expects to reach over 500 Daily stores by 2023, which is likely to happen towards the end of next year, according to Morrisons wholesale director Paul Dobson.
Germany: Edeka launches new food waste prevention initiative
German retailer Edeka has launched a month-long campaign that seeks to raise awareness about food waste across its store network. Under the motto, 'Good for the environment and the wallet', Edeka is organising its first 'food value estimation month' from 15 September to 15 October.
Tesco to open three new stores in Czechia in September
Tesco is to open three new stores in Czechia in September in Prague, Pardubice and Lysá nad Labem, according to media reports. The new openings will take the retailer's store count in the country to 189. The first store, a Tesco Express, opened its doors to customers on 14 September in Prague on Hráského Street, according to a report in the online publication zboziaprodej.cz.
Spanish small trade, primary sectors at risk from fixed prices, say groups
Confederación Española de Comercio (CEC), the Spanish organisation to support local trade, has expressed its concern with the Spanish government's proposal to fix the price of certain goods. Supermarket representative groups ACES, ANGED and ASEDAS met with Spanish labour minister Yolanda Diaz on 12 September to discuss the proposal, but the CEC did not take part in the negotiations.
QINGO introduces Singapore's first online premium fruit chain store model
Andrew Huang from JYR International is pleased to introduce Qingo, a well-trusted distributor and retailer based in Singapore, offering premium quality fruit brands from across the globe. The service includes online and offline supply chain management for international fruit brands, including fruit processing, distribution, and retail, as well as the creation of bespoke fruit gift arrangements. All of Qingo fruits are directly imported to ensure their freshness. The Taiwan Madou Wendan Pomelo is one of the best sellers offered by Qingo. Another popular product that is offered is the China Class 1 Shine Muscat Green Grape box. Qingo also provides fruit hampers and gift boxes for customers. The gift boxes will feature the freshest and juiciest fruits based on the season. All the fruits are carefully handpicked by the Qingo team ensuring the quality of the fruits. For more information, please visit: https://qingo.com.sg/
UK retail sales plunge, underlining risk of recession
British retail sales fell much more than expected in August, in another sign that the economy is sliding into recession as the cost of living crunch squeezes households' disposable spending. Retail sales volumes dropped by 1.6% in monthly terms in August, the Office for National Statistics said - the biggest fall since December 2021 and worse than all forecasts in a Reuters poll of economists that had pointed to a 0.5% fall.
Amazon may have to tweak proposals for ending business practices probes, EU's Vestager says
Amazon may have to tweak its proposals to end two investigations into its business practices, EU antitrust chief Margrethe Vestager said following feedback from third parties on the issue.
US: Bold Commerce brings checkout lane impulse buys to online grocery
Bold Commerce, the ecommerce technology company that powers checkout and subscription experiences for leading retailers and DTC brands, announced its newest curbside checkout feature for brick-and-mortar and omnichannel retailers. Curb Up enables retailers to recapture the high-margin impulse purchases lost with the growth of curbside checkout by introducing upsell and cross-sell opportunities after an order has been placed and during pick-up. The new technology was designed to reimagine the experience of last-minute product discovery in the checkout area of stores - only it occurs on a shopper’s mobile device.
US: Kroger opens Ocado-automated ‘spoke’ site in Alabama
Building out its e-commerce fulfillment network, The Kroger Co. has gone live with its 10th Ocado-automated “spoke” site, located in Birmingham, Alabama. Kroger said that the roughly 50,000-square-foot spoke will support its Ocado-powered customer fulfillment center (CFC) in Forest Park, Georgia.
US: Big Y opens new market in Norwood, Massachusetts
On Thursday, September 22, 2022, Big Y will be celebrating the official opening of their 72nd supermarket at 434 Walpole Street in Norwood. Big Y will kick off a month of celebrations, virtual store tours, giveaways, special sales, exciting discounts and a myriad of contests. Construction began in September of 2021 for the 54,465 square foot market. Big Y’s extensive produce department of over 500 different items supports as many local farmers as possible throughout the growing season including Davidian Farms from neighboring Northboro, Massachusetts.