DoorDash's 2023 Community Impact Report demonstrates real world impact across U.S.
DoorDash released its 2023 Community Impact Report, which demonstrates that DoorDash helps merchants by increasing their profits and reach, consumers by saving time and more easily accessing essential items, and Dashers by providing the opportunity to earn what they need, when they need it, on their own terms.
Source: businesswire.com
Canada: Loblaw touts fourth quarter results
Loblaw produced a successful fourth quarter, reporting gains in every meaningful category. Revenue was up 3.7% year over year at just over $14.5bln and retail segment sales increased 3.4% at over $14.1bln.
Source: supermarketnews.com
US: New Whole Foods Market in Albuquerque is now open
Whole Foods Market opened its new 47,327-square-foot store, located at 2100 Carlisle Boulevard NE, Albuquerque, New Mexico, on February 22 at 9 a.m. MST. Features of the relocated Albuquerque store include: a large produce department with more than 280 certified organic items available at opening and Sourced for Good produce, floral bouquets, roses and tulips. Additional produce selection includes Dekopon citrus, organic blueberries, made-in-house salsas and guacamole dips and a large orchid variety.
Source: media.wholefoodsmarket.com
Brazil: GPA reports sharply narrower fourth-quarter loss
Reuters reported: "Brazilian food retailer GPA, controlled by France's Casino, reported that its fourth-quarter loss narrowed to 303mln reais ($61.36mln), improving from a loss of 1.1bln reais a year earlier".
Source: nasdaq.com
US: Better Earth launches e-commerce platform, adds staff
Atlanta-based Better Earth LLC, which develops compostable packaging for the foodservice industry, has launched its first e-commerce platform for online ordering. In addition, the company has added new website navigation and in-depth informational features and expanded its corporate team to support ongoing company growth.
Source: recyclingtoday.com
US: Sprouts Farmers Market to open 35 new stores this year
Sprouts Farmers Market Inc. has high expectations for 2024. Amid the release of its impressive results for its fourth quarter and fiscal year ending December 31 results, the specialty grocer released its outlook for the year. The outlook includes net sales growth of 5.5% to 7.5%, comparable-store sales growth of 1.5% to 3.5%, and adjusted EBIT of $397mln to $412mln. Adjusted diluted earnings per share are expected to be $2.85 to $2.95. Plus, the company anticipates approximately 35 new stores for the year.
Source: progressivegrocer.com
Brazil: Assai posts profit down 27% in fourth quarter on higher debt
Brazilian cash & carry operator Assai posted a 26.8% decrease in its fourth quarter net profit from the same period in the previous year, as interest over its debt pressured the results, even tough sales were up. Still, the 297mln real ($60.17mln) net profit for the quarter came slightly above analysts polled by LSEG expectations of 286.2mln reais.
Source: reuters.com
Geoffroy Gersdorff (Carrefour Belgium): "We are stronger than we were a year ago"
2024 is the year in which Carrefour Belgium returns to profitability, CEO Geoffroy Gersdorff says. As he looks back upon a strong 2023, he reaches out to his suppliers: "This is the moment to work together constructively."
Source: retaildetail.eu
South Africa: Pick n Pay plunges after announcing full-year loss, stock sale
Pick n Pay, South Africa's second largest grocery chain, slumped after announcing a share sale and plans to unbundle its fast growing Boxer chain as it struggles to cope with surging costs and competition from larger rival Shoprite Holdings. Shares of the Cape Town based retailer dropped as much as 17.5% as it announced it may need to ask investors for as much as 4bln rand ($208mln) in a rights offer by the middle of the year to stabilise the business.
Source: cnbcafrica.com
Colruyt Group taken on additional commitments for Belgian agricultural sector
As a Belgian retail group, Colruyt Group is committed to taking further action in support of the Belgian agricultural sector. For fruit and vegetables, Colruyt Group also aims for Belgian origin as much as possible: 75% of this range is from Belgian soil.
Source: press.colruytgroup.com
Sweden: ICA Gruppen publishes annual report 2023
ICA Gruppen's annual report 2023 is now available. The annual report, which also includes ICA Gruppen's sustainability report, is available as a downloadable PDF document. In addition, an annual overview is published providing a broader presentation of ICA Gruppen's operations during the year.
Source: icagruppen.se
South Africa: Appointment of an independent non-executive director and changes to board committees
THE SPAR GROUP LIMITED reported: "In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements ("JSE Listings Requirements"), the board of directors of SPAR ("Board") wishes to notify SPAR shareholders ("Shareholders") of the appointment of Ms Olufunke (Funke) Ighodaro as an Independent Non- Executive Director of the Board, with effect from the conclusion of the Company's 2024 Annual General Meeting, held on Wednesday, 21 February 2024."
Source: thespargroup.com
Holland: Sparqle bags €1.2mln investment to expand sustainable delivery platform across Europe
Sparqle, a sustainable delivery solutions startup, has announced the completion of a €1.2mln investment round. The funding was led by a group of business angels including the former Managing Director of Deliveroo EU, former CTO of Just Eat Takeaway, and Bloomon founder, alongside Graduate Entrepreneur Fund.
Source: retailtechinnovationhub.com
Australia: Anthony Albanese backs new supermarket chain to increase competition with Coles, Woolworths
Anthony Albanese has backed the entry of a mystery new supermarket chain into Australia to boost competition against the big supermarkets Woolies and Coles. In recent years there was speculation Amazon Fresh could be established in Australia.
Source: news.com.au