UK: Biggest grocery price increases over last five years highlighted in report
Savings experts at BravoVoucher analysed data from the Office for National Statistics on the average prices of food items from March 2019 to March 2024 to identify which items have seen the largest price increases. Cucumber has risen from £0.66 to £0.93, which is a 41% increase. The price of broccoli has increased by 33%, and onions by 29%. The fruit that has seen the biggest price hike is blueberries, at 24%, while bananas have risen by 19%.
Source: talkingretail.com
FairPrice selling M'sia durians for S$1.95 each over 2 weekends
FairPrice's Annual Durian Fair is returning on June 14, featuring durians for as low as S$1.95. The promotion will only be available at two outlets for the following dates: FairPrice 212 Bedok North Street 1 from June 14 to June 16; FairPrice Kangkar Mall from June 21 to June 23. The promotion is also limited to the first 300 customers daily with a maximum purchase of two durians per customer.
Source: mothership.sg
UK: Tesco board faces heat over CEO's 10 mln pound pay package
The board of Tesco, Britain's biggest supermarket group, will be asked to justify chief executive Ken Murphy's near 10mln pounds ($13mln) pay package when it faces shareholders at its annual meeting.
Source: reuters.com
Germany: Greenman OPEN acquired €60mln portfolio of EDEKA supermarkets
Greenman OPEN has acquired a portfolio of 10 standalone EDEKA supermarkets with a total let area of c. 22,500m2. The retail properties are located in the federal states of Saxony, Bavaria, and Thuringia. The deal, known as the portfolio "Chase" involves a long-term sale-and-lease-back agreement.
Source: europe-re.com
Spain: El Corte Inglés reports 5.4% increase in full-year revenue
El Corte Inglés has closed its 2023-2024 financial year with a 5.4% increase in annual revenue to €16.3bln. Out of this total, the retail business of El Corte Inglés generated €12.85mln, witnessing growth of 3.8% compared to the previous year. The Spanish retail company saw 'strong growth' in the food and hospitality segment, which includes the El Corte Inglés supermarkets, Hipercor, Supercor and Sánchez Romero banners, as well as the Gourmet Club and various restaurant formats.
Source: esmmagazine.com
Agrifood overview: from market to business
According to Clark Meng, global sourcing manager of JD.com, a major player in Chinese e-commerce, "the online sale of fresh products will be crucial in the future". With a smartphone in hand, he gave a live demonstration of how easy it is to purchase fresh fruit online in China.
Source: globaltimes.cn
UK: M&S Food invests over £1mln in donating bespoke meals for redistribution 
Marks & Spencer has announced it is investing over £1mln in a brand-new way of addressing food poverty. From September, M&S will be sending the specially developed products to FareShare to distribute through its national network. Developed by M&S chefs, the Vegetable Curry, Carrot & Coriander Soup and Family Sized Pizza meals use surplus ingredients from within the retailer's existing supply chain which might otherwise go to waste, such as fresh vegetables.
Source: corporate.marksandspencer.com
UK: Tesco grows market share and sales in first quarterTesco has strengthened its market share and maintained its profit guidance for the year, after reporting a 4.6% rise in underlying UK sales for the first quarter. As a result, the UK's biggest grocer has kept its forecast for retail adjusted operating profit of at least £2.8bln for 2024/25, up from £2.76bln in 2023/24.
Source: retailgazette.co.uk
Ireland: Co. Kerry school wins SuperValu Let's GROW initiative
Nagle Rice National School in Killorglin, Co. Kerry, has been announced as the winner of Grow it Yourself (GIY) and SuperValu's Let's GROW 2024 initiative. The pupils of Nagle Rice National School created a sensory garden titled 'Tadgh's Garden' in memory of a past pupil. The garden features flowers, water features, a colourful mural and grown produce including cucumbers, radishes, garlic, tomatoes and peppers.
Source: agriland.ie
US: Harris Teeter to open supermarket in Greater Savannah area
Harris Teeter has revealed that its new Lady's Island store, in Beaufort, South Carolina, will open on Tuesday, June 25. Located at 163 Sea Island Parkway, approximately 40 miles outside of Savannah, The Lady's Island Harris Teeter will feature expanded organic and specialty produce, fresh-cut fruit, and a soup and salad bar.
Source: progressivegrocer.com
US: Hy-Vee closing 3 stores in Iowa, providing options for affected communities
After listening to concerns from community leaders and residents about the impact of its three store closures in Iowa, Hy-Vee is offering some solutions to ease the transition for these communities. The food retailer will permanently close its First Avenue Hy-Vee in Cedar Rapids, its Logan Avenue store in Waterloo and the Rockingham Road store in Davenport on June 23.
Source: progressivegrocer.com
US: New Austin grocery, Radius Butcher & Grocery, will focus on Texas-grown perishables
A former tech investor and a craft butcher are teaming up to open a new grocery store that will sell meat, dairy, seafood, and produce sourced exclusively from Texas. Radius Butcher & Grocery, which is taking over a space currently occupied by a butcher shop and restaurant in Austin, Texas, called Salt & Time, is expected to open later this year. Plans call for Radius to offer a tightly curated assortment of local meats, organic produce, grains, eggs, cheeses, and wild-caught Gulf seafood, with a focus on artisanal production and sustainability.
Source: supermarketnews.com
Meati Foods dealt blow in alt meat IP dispute with The Better Meat Co; judge slams firm's 'sandbagging,' and 'shenanigans'
The judge handling a protracted IP dispute between alt meat startups Meati Foods and The Better Meat Co (BMC) has ruled largely in BMC's favor, throwing out Meati's claim to BMC's patents and accusing Meati of "inexplicable" tactics, "sandbagging", and "shenanigans".
Source: agfundernews.com