US: Low-price grocers like Aldi are winning as consumers trade down
With grocery prices soaring, consumers are changing the way they shop for food. That’s great news for discount grocers like bare-bones supermarket Aldi.
Source: edition.cnn.com
US: Big Y Partners with Red Cross in response to Hurricane Ian
To assist those affected by Hurricane Ian, Big Y partnered with the American Red Cross to raise donations for those affected by the disaster. Through Wednesday, October 19, Big Y customers and employees will have the opportunity to donate to American Red Cross Disaster Relief at all Big Y locations throughout Massachusetts and Connecticut.
Source: cstoredecisions.com
Amazon.com to invest over 1bln euros in European electric van, truck fleet
Amazon.com Inc said it will invest more than 1bln euros ($974.8mln) over the next five years in electric vans, trucks and low-emission package hubs across Europe, accelerating its drive to achieve net-zero carbon.
Source: reuters.com
EU says Shopify to improve platform to make online shopping safer
The European Commission said e-commerce business Shopify has committed to put in place improvements aimed at making online shopping safer for customers, according to a statement.
Source: reuters.com
UK: Thousands of salaried Tesco workers forced to take real-terms pay cut
Thousands of Tesco staff have been forced to take a large real-terms pay cut as the supermarket puts a squeeze on store managers while offering bigger wage rises for lower-paid workers. In the latest pay battle amid the cost of living crisis, the retailer’s team managers, who earn about £30,000 a year, say they have received as little as a 3% pay rise. The official rate of inflation is close to 10%, and expected to hit 11% this month.
Source: theguardian.com
UK: IGD calls for improvement in food and drink supply chain productivity
The UK economy is currently seeing slow productivity growth, which is creating problems for both businesses and government. IGD’s latest Viewpoint report - Three productivity gaps for UK food and drink - reveals a number of challenges facing the supply chain and examines how these might be addressed, what the commercial benefits would be, and how to make the supply chain work better to benefit consumers. “This is not a new problem; productivity gains in the UK have been slow since the 2008-09 recession”, said James Walton, Chief Economist at IGD.
Source: kamcity.com
UK: Co-op serves-up new store in Park Royal, London
Co-op launched its newest food store to serve the community in Park Royal, London. The convenience retailer’s new 2,500 sq ft store - located in Lakeside Drive, Park Royal (NW10) - opens between 7am-10pm daily and, creates 14 local jobs. Co-op’s newest store includes a free ATM; Fairtrade coffee dispenser - known as Everground; hot food and bakery alongside a focus on fresh, healthy products; meal ideas; everyday essentials; food-to-go; chilled beers and award winning wines; ready meals and pizzas and, free-from; vegan and plant-based products - including Co-op’s exclusive vegan range, GRO.
Source: co-operative.coop
Just Eat Takeaway.com publishes Circular and EGM convocation and agenda
Just Eat Takeaway.com N.V., hereinafter the "Company", or together with its group companies "Just Eat Takeaway.com", one of the world’s largest online food delivery marketplaces, published a circular (the “Circular”) relating to the sale of its equity stake of approximately 33% in the iFood joint venture to Prosus N.V. (“Prosus”) (the “Transaction”), the proposed appointments to the Supervisory Board and Management Board and the proposed transfer of listing of the Company’s shares.
Source: justeattakeaway.com
Aeon plans to triple Vietnam malls
Japanese retailer Aeon plans to triple the number of malls in Vietnam by 2025 as part of its expansion strategy to meet the needs of a growing middle class population. A report said the number of Aeon malls will nearly triple to 16 throughout Vietnam. Aeon has some 200 stores in Vietnam at present, including six shopping malls. A mall will be opened in the central town Hue in 2024. The company is also considering increasing its supermarkets in Hanoi to 100 by 2025, about 10 times the current number.
Source: retailnews.asia
New Zealand: Cost increases from grocery suppliers to supermarkets rise 9.2% in September
Cost increases from grocery suppliers to supermarkets have risen further in September as suppliers face sustained increases in input costs. The Infometrics-Foodstuffs New Zealand Grocery Supplier Cost Index (GSCI) shows a 9.2%pa rise in September 2022, which will maintain pressure on retail supermarket prices.
Source: infometrics.co.nz
Groceries make up record 66% of all consumer spending in physical stores in Romania
Despite the rise of e-commerce, Romanian consumers still prefer to make their grocery shopping in brick-and-mortar stores. As much as 66% of all consumer spending in physical stores in Romania went to groceries, while the regional average stands at 59%. The e-commerce sector has recently seen significant growth in the Central and Eastern European (CEE) region. The share of online sales in the region grew by 9 pp to 15% in the last 5 years, and is set to reach 20% in the next four years, according to a CBRE forecast.
Source: romania-insider.com