Retail has rarely been as tough, says Tesco chief: Grocer battered by rising costs and red tape
Tesco's boss has warned retail has 'rarely been as tough' as it is battered by rising costs and red tape at home and crises overseas. Speaking at the World Retail Congress, Ken Murphy pointed to mounting pressures from rising energy and labour costs, as well as increased regulation - including in the UK.
Source: thisismoney.co.uk
French shoppers spend more on FMCG in latest four weeks: Kantar
French shoppers increased their expenditure on FMCG, foodservice and leisure by 2.1% across major retail stores in the latest four weeks to 20 April, according to Kantar. Supermarkets lost around 228,000 customers, while hypermarkets saw declines in customer numbers, as well as spending per shopping trip, of €0.94.
Source: esmmagazine.com
Global supply constraints for dairy, beef and cocoa continue to drive NZ's food price inflation rate
Foodstuffs NZ Managing Director Chris Quin says prices for dairy, beef and cocoa are still near record levels on global markets, as falling or static supplies can't meet consumer demand. April's price increases were mitigated by a -3.3% average decrease for fruit and veggies in the FPI basket, including year-on-year price falls of -25% for red capsicums and -23% for avocadoes.
Source: foodstuffs.co.nz
East of England Co-op moves closer to zero food waste goal
East of England Co-op said it has moved closer to its goal of eliminating edible food waste by 2030 by working with Retail Insight, provider of in-store execution software. Last year, Retail Insight's AI-powered markdown solution helped the cooperative prevent 1.8mln meals from entering landfill.
Source: talkingretail.com
UK food group Greencore seals $1.6bln Bakkavor deal
Convenience food manufacturer Greencore said it had agreed to the terms of a recommended acquisition of UK fresh food provider Bakkavor Group, in a deal valued at 1.2bln pounds ($1.59bln). In April, the parties said they had reached an agreement in principle on the key financial terms of a possible cash and share offer by Greencore for Bakkavor.
Source: reuters.com
Kenya: Moses Kuria warns closure of Naivas and Carrefour in Nairobi will dent the economy
President William Ruto's Senior Economic Adviser, Moses Kuria, has castigated the Nairobi County government for ordering the closure of Naivas Supermarket, stressing that this will attract some serious economic repercussions. "We will not create jobs when county governments wake up and close Naivas and Carrefour arbitrarily. You don't attract investors by acting whimsical", he stated.
Source: kenyans.co.ke
Barcelona born tech startup and delivery app Glovo turns ten as quick commerce remains at heart of its vision
Glovo celebrates its tenth anniversary. Founded in Barcelona in 2015, it has now surpassed one billion orders. Now part of the Delivery Hero group, Glovo lays claim to millions of users and a presence in 23 markets and 1,800 cities across Europe, Africa, and Central Asia, and more than 3,000 employees worldwide.
Source: retailtechinnovationhub.com
PAK'nSAVE cheapest among global supermarkets
PAK'nSAVE North Island has once again come out on top in a fresh round of international supermarket price comparisons, confirming that New Zealand's lowest price grocery stores has continued to beat major retailers in Australia and the UK on value. The updated figures, compiled by Foodstuffs North Island, using data provided by NielsenIQ through its Homescan Service, show that for the second month running, PAK'nSAVE delivered the lowest overall basket price in a detailed comparison with five leading supermarket brands - including Woolworths, Aldi, and Tesco. Among the 20 items compared were: Fresh produce and meat: Onions, bananas, carrots, beef mince, chicken breast.
Source: supermarketnews.co.nz
UK: Del Monte moves into frozen treat market
Del Monte is expanding its reach into the frozen treat market with the launch of Freeze Pops. The new snack is available in two flavours - Pineapple and Mango - with each containing a real fruit content of 22% and only 20 calories. Thierry Montange, Senior Marketing Director, Europe and Africa at Fresh Del Monte, said: "We are delighted to be bringing the iconic, natural fruit flavours of Del Monte into the ice pop category with the launch of Del Monte Freeze Pops".
Source: kamcity.com
US: Kroger seeks to cancel $32mln payment to Washington AG
Kroger is objecting to the Washington attorney general's request to reimburse the state for more than $32mln in legal costs related to the state's efforts to block Kroger's failed merger with Albertsons.
Source: supermarketnews.com
US: Some 3,000 Cub Foods workers reject offer, threaten strike
Workers at Cub Foods, Haug's, and Knowlan's Festival Foods have rejected the latest contract offers from the retailers, and their union has warned of a potential strike, which could involve as many as 2,800 workers at 38 stores in the Minneapolis region, the union said. "The companies' inadequate offers and unlawful conduct has set the union on a path to potential strikes", UFCW Local 663 said.
Source: supermarketnews.com
US: Second Whole Foods Market Daily Shop location in New York City's East Village now open
Whole Foods Market opened the second location of its smaller format store concept, Whole Foods Market Daily Shop, located at 409 East 14th Street in the StuyTown development of New York City's East Village. The 10,000-square-foot store includes a Juice & Java venue, offering coffee, tea, juices, smoothies, sandwiches, and various desserts.
Source: media.wholefoodsmarket.com
US: Wing and DoorDash partnership brings first ever drone delivery service to Charlotte, North Carolina
DoorDash and Wing are introducing drone delivery to Charlotte, NC for the first time. Eligible DoorDash customers within about four miles of The Arboretum Shopping Center in southern Charlotte can order from a selection of local and national restaurants and choose to have their items delivered by drone.
Source: retailtechinnovationhub.com