UK: Iceland sheds 1,000 jobs as sales pass £4bln and loss slashed
Sales at supermarket giant Iceland passed the £4bln mark during its latest financial year as its pre-tax loss was slashed by more than £30mln, according to newly-filed accounts. The supermarket chain also reduced its headcount from 29,118 to 28,090 in the year.
Source: cityam.com
UK: Morrisons extends partnership with Too Good To Go to its convenience stores
Morrisons is extending its partnership with Too Good To Go so that customers can purchase 'Surprise Bags' from circ. 930 of its Morrisons Daily convenience stores to help combat food waste.
Source: talkingretail.com
South Africa: Providing freshness to the community of oThongathi
Sabelo Mkhwanazi's business, Mayanda Fresh supermarket, is centred around providing fresh produce to the community of oThongathi, KwaZulu-Natal. Mkhwanazi said prior to launching the establishment he realised that his community was complaining about purchasing expired and rotten goods from nearby shops which prompted him to start the business model.
Source: vukuzenzele.gov.za
Ireland: ALDI unveils its newly renovated Nutgrove "Project Fresh" store, self-checkout tills included in store upgrade
ALDI's Nutgrove, Rathfarnham "Project Fresh" store has reopened its doors to customers following an extensive renovation project investment of over €1mln which has seen the store interior completely refurbished.
Source: aldipresscentre.ie
Italy: Crai Group reports €3bln in sales, CraiFutura driving growth
Crai Group has reported a strong performance in its 2023 financial year, with total network sales reaching approximately €3bln. These positive results coincide with the early successes of the CraiFutura transformation plan, which the retailer launched in late 2022.
Source: esmmagazine.com
UK: Amazon opens micromobility hub and launches first electric cargo bike deliveries to shoppers in Norwich
Amazon has opened its first micromobility hub in Norfolk at its delivery station in Norwich. Norwich joins more than 40 cities in the UK and across Europe which have Amazon micromobility hubs facilitating electric cargo bike and on-foot deliveries.
Source: retailtechinnovationhub.com
Inflation in Armenia: Vegetables up by 14.3%, fruits by 11.6%
According to data from the Statistical Committee of the Republic of Armenia, consumer market inflation in the country reached 1.4% from July 2023 to July 2024. In July 2024, there was a deflation of 0.4% compared to the previous month. The most significant price increases were observed in vegetables and fruits. Vegetables rose by 14.3%, while fruits increased by 11.6% compared to July of the previous year. These figures significantly exceed the overall inflation rate.
Source: bm.ge
Instacart expands its carts to Europe with Aldi
Instacart is expanding its partnership with Aldi South Group, which includes a roll out of Instacart's smart Caper Carts in Austria - the first ever time the carts will be offered in Europe at Aldi's Sattledt store. The expanded partnership also includes the rollout of Instacart's Connected Stores technologies across Aldi South Group stores in the U.S., including In-Store mode and Carrot Tags, as well as Instacart's fulfillment technology to power ecommerce orders. In other news, Instacart announced second quarter 2024 financial results.
Source: supermarketnews.com
US: AWG takes steps to upgrade fresh food offerings
Associated Wholesale Grocers and Picadeli, a leading in-supermarket tech-enabled modular salad-bar with fresh food, are partnering to upgrade fresh food options for consumers and boost the competitive edge of AWG member retailers.
Source: storebrands.com
Canada: Farm Boy to open 50th store
Farm Boy is set to open its 50th location this month. On August 15, the grocer will open the doors to its newest store at 3230 Fairview Street in Burlington South. The location promises to offer Farm Boy's usual selection of farm-fresh produce, butcher-quality meats, artisan cheese, fresh dairy and private-label products, as well as gluten-free, plant-based, vegan and vegetarian options.
Source: canadiangrocer.com
US: Walmart captured 37% of grocery-commerce spending in Q2
Walmart captured 37% of the U.S. online grocery market during the second quarter of 2024 - an all-time time high for the company - according to Brick Meets Click and Mercatus' latest report.
Source: grocerydive.com
US: SpartanNash unveils fresh store vision with revamped Family Fare®
Food solutions company SpartanNash (the "Company") is proudly unveiling a new chapter in grocery shopping with the grand reopening of its Family Fare store at 993 Butternut Dr. in Holland, Michigan. The newly redesigned Family Fare offers a vibrant, market-style shopping environment with several new features like: Market fresh buys at new lower prices with fresh-cut produce.
Source: prnewswire.com
US: Uber reports better-than-expected earnings and revenue for second quarter
Uber reported earnings and revenue that topped estimates for its second quarter. The company's mobility unit reported a 23% increase in gross bookings to $20.6bln.
Source: cnbc.com
US: A sustainable market for organic produce
Despite the rising retail cost of organic produce, sector sales still account for approximately 15% of all U.S. fruit and vegetable revenues, reports the Washington, D.C.-based Organic Trade Association.
Source: supermarketnews.com
US: Weis Markets reports second quarter 2024 results
Weis Markets, Inc. reported its financial results for the 13-week second quarter and 26-week year-to-date period ended June 29, 2024. Net sales totaled $2.36bln for the 26-week year-to-date period ended June 29, 2024, compared to $2.32bln for the same period in 2023, up 1.6%. The Company's year-to-date net income totaled $49.42mln compared to $60.08mln in 2023, down 17.7%.
Source: prnewswire.com