CFO Marjolein Frederickx new CEO Lidl BeLux
Lidl has appointed CFO Marjolein Frederickx as its new CEO for Belgium and Luxembourg. She succeeds Matúš Gála, who is moving to the German discounter's international headquarters.
Source: retaildetail.eu
Indian retailer DMart posts 17.5% rise in Q1 profit
India's Avenue Supermarts, the operator of the DMart retail store chain, posted a 17.5% rise in first-quarter net profit. It reported a consolidated net profit of 7.74bln Indian rupees ($92.68mln) for the three months ended June 30 versus 6.59bln a year earlier.
Source: reuters.com
After 90 years, it's the end of an era for one of Australia's oldest family groceries
Many family businesses are passed down the generations. When that isn't possible, it can mean the end of an era. And that's exactly what's happening at the Galluzzo family grocery in Sydney. Damian Galluzzo is hard at work at an iconic local grocery in Sydney. As he has done for more than 30 years, Damian started work at 2am collecting fresh produce from the Sydney Markets. "That's the secret of our success", says Damian, 52. "We go to the market six days a week. We pick everything fresh. We have a good look and we taste, especially the fruit".
Source: sbs.com.au
SPAR International and NIQ announce partnership
Through this partnership, NIQ will offer its space management services to SPAR licensed operators worldwide, with the objective of enhancing the market position of the licensed organisations in the international network.
Source: spar-international.com
UK: Tesco launches new initiatives to support children facing hunger this summer
This summer Tesco will donate £1mln to FareShare and Trussell Trust to tackle high levels of need. All large stores will have food donation bags (for customers to purchase), making it even easier for shoppers to donate. Kids Eat Free in Tesco cafés during the summer holidays: Kids' Pick 'n' Mix may be the only option available in some cafés, this consists of 1 sandwich, 1 drink, 1 fruit item, and a choice of 2 snacks. The Café has the right to withdraw or amend the offer.
Source: tescoplc.com
UN: ecommerce nowhere as established as in the Netherlands
No country in the world has as many internet users shopping online as the Netherlands, according to a new report by the United Nations Conference on Trade and Development (UNCTAD). The ecommerce penetration rate is 84%. At least four out of five internet users in the UK, Sweden, and Denmark also shop online. China ranks fifth and is the first non-European country in the ecommerce penetration list, as indicated in UNCTAD's Digital Economy Report.
Source: ecommercenews.eu
Croatia: Podravka to buy clutch of Fortenova food and drink assets
Croatian food group Podravka is set to purchase a number of food and drinks companies belonging to local agri-food business Fortenova Group. Both groups have signed an agreement to appoint Podravka as "the preferred partner" for the acquisition of its agricultural unit, according to a statement.
Source: just-food.com
Finland: S Group's sales in January-June increased by more than one per cent compared to the previous year
In January–June, the retail sales before taxes of S Group's supermarket trade totalled EUR 5,218.8mln. Compared to the corresponding period in the previous year, sales grew by 2.9%. In the supermarket trade, sales of both the grocery and consumer goods segments in Finland continued to grow faster than the rest of the market.
Source: s-ryhma.fi
Carrefour partners with GreenYellow to produce photovoltaic power in France
The Carrefour Group announced that it has entered into a partnership with GreenYellow, the leader in decentralized energy transition in France and internationally, for the installation and operation of photovoltaic power production equipment on around 350 of its hypermarket and supermarket car parks in France.
Source: carrefour.com
Germany: Lidl raises minimum starting wage to €15 per hourLidl is raising its minimum starting wage to €15 per hour, effective 1 September 2024. The increased wage is 20% above the current statutory minimum wage of €12.41 per hour in Germany, the company noted.
Source: esmmagazine.com
Israel: With an investment of NIS 2mln, City Market expands with new branch
City Market, Israel's largest private supermarket chain, opens a new 250 sqm store in Modiin's Morashah neighborhood and plans to open four more branches soon, investing an additional NIS 17mln.
Source: jpost.com
US: Sprouts Farmers Market accelerates store growth
Sprouts Farmers Market has revealed opening dates for several new stores, contributing to its goal of opening approximately 35 stores by the end of the year. Upcoming Sprouts stores are scheduled for the following: August 9: 14411 Hawthorne Boulevard, Lawndale, California; 7187 Coastal Boulevard, Brooksville, Florida. August 30: 255 Baltimore Boulevard, Westminster, Maryland. September 6: 111 Links Avenue, Sarasota, Florida; 2201 Virginia Parkway, McKinney, Texas. September 20: 351 Loucks Road, Suite C-1, York, Pennsylvania. September 27: 3575 NM 528, Rio Rancho, New Mexico.
Source: progressivegrocer.com
US: Consumer Price Index - June 2024
The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1% on a seasonally adjusted basis, after being unchanged in May, the U.S. Bureau of Labor Statistics reported. The index for fruits and vegetables fell 0.5% in June, after being unchanged in May.
Source: bls.gov
US: Stop & Shop to close 32 underperforming stores by year-end to position company for growth
Ahold Delhaize's U.S. brand, Stop & Shop, announced the next steps in its plans to position the company for growth. In addition to continuing to make investments in price and the customer experience as part of its growth strategy in its markets, Stop & Shop will close 32 underperforming stores by year-end. Following the closures, Stop & Shop will continue to have a strong presence across its five-state footprint with more than 350 stores. Stop & Shop associates at impacted locations will be offered other opportunities within the company.
Source: aholddelhaize.com