Will Ahold Delhaize buy US supermarket rival Albertsons? Ahold Delhaize is rumored to be in talks with Albertsons, the tenth largest retailer in the US. The reason for the rumours? Two Albertsons planes were seen last week at Bedford airport, Ahold Delhaize’s US base in Massachusetts. Investment research advisors as reported by Gordon Haskett for Seeking Alpha, based on plane spotters. Source: retaildetail.eu
USA: PlantX launches plant-based retail concept in ChicagoPlantX Life Inc. recently celebrated the official opening of its XMarket Uptown in Chicago. The plant-based retail location is the company’s second store in the United States and sixth worldwide. Located at 804 West Montrose Avenue in the residential neighborhood of Uptown, the newest XMarket store debuted with a flurry of festivities, including booths and sampling stations from plant-based brands such as Dreampops, Kitchen 17, Good2Go Veggie and Up-N-Down Burger. Source: progressivegrocer.com
USA: SpartanNash Unveils Remodeled Knapp’s Corner D&W Fresh MarketFood Company solutions SpartanNash (the “Company”) celebrates the opening of its newly remodeled Knapp’s Corner D&W Fresh Market. Located at 2022 Apple Orchard Ave. NE, Grand Rapids, Michigan, the D&W Fresh Market grocery store has been upgraded to give it a modern look and provide a functional and memorable shopping experience. The newly renovated store also features more than 160 local brands, offering everything from Michigan-grown mushrooms to Bell Brewery products. D&W Fresh Market is already known for being a leader in fresh and organic produce, deli items and convenience meal options for shoppers.Source: businesswire.com
USA: Walmart opens high-tech consolidation center in Pennsylvania, creating 1,000 new jobs This month, Walmart will open a high-tech consolidation center in Lebanon, Pennsylvania. The new 400,000-square-foot facility, located at 1625 Heilmandale Road, will bring nearly 1,000 additional jobs to the area, of which 500 have already been hired. Source: businesswire.com
US: Q2 Grocery Outlet Shows ‘Continued Momentum’ Reporting its financial results for the second quarter of fiscal 2022 ended July 2, Grocery Outlet Holding Corp. disclosed. net sales increase of 15.7% to $897.7mln compared to the year-ago period, comparable-store sales increases of 11.2% from last year and 17.9% on a three-year stacked basis, and the opening of seven new stores, for 425 locations in total in eight states at the end of the quarter.Source: progressivegrocer.com
US: Sweetgreen stock falls after salad chain lowers forecast, announces layoffs and office downsizingSweetgreen cut its 2022 forecast, citing weaker sales that started around Memorial Day. The chain said it has laid off 5% of its support center workforce and will downsize to a smaller office building to lower its operating costs. The company’s shares fell amid a broader market rally.Source: cnbc.com
Canada: METRO reports 2022 third quarter results METRO INC. announced. its results for the third quarter of fiscal 2022 ended July 2, 2022. 2022 Third quarter highlights: Sales of $5,865.5mln, up 2.5%. Same-store food sales increased by 1.1%. Net earnings of $275.0mln, up 9.0% and adjusted net earnings of $283.8mln, up 8.7%Source: corpo.metro.ca
Ahold Delhaize’s US net sales climbed 7.7% in Q2Global Food retailer Ahold Delhaize is off to a solid start to fiscal 2022 in its US business with strong net, comparable and online sales growth for the second quarter. For the quarter ended July 3, net sales at Ahold Delhaize USA were $14.43bn, up 7.7% (constant exchange rates) from $13.4bn a year earlier, about 0.9% from calendar shifts, said Zaandam, Ahold Delhaize, which located in the Netherlands. : supermarketnews.com
Brazil’s GPA in preliminary studies to separate Exito businesses Reuters reported: “Retailer GPA said it is conducting preliminary studies on a possible separation of its Colombian Exito businesses from its Brazilian parent company. In a securities filing, the company said the studies were aimed at exito value unlock”.Source: nasdaq.com
European retailers switch off lights, cut opening hours to save energy As energy bills rise and the threat of increased rationing, some European retailers are switching off lights and considering shorter opening hours the this winter. Austria’s SPAR is reducing the lighting hours for storefront and outdoor advertising in its more than 1,500 stores nationwide, a spokesperson said in an email. The firm, which operates more than 1.2mln square meters (12.92mln square feet) of warehouse floor space, posted retail sales of 8.56 billion euros ($8.86 billion) last year. Source: reuters.com
Deliveroo to exit Netherlands, first-half loss widens Britain’s Deliveroo said it would exit the Netherlands after failing to secure a strong local position, as it reported a larger pre-tax loss in “challenging market conditions ” in the first half. The food delivery company, which last month cut its full-year revenue outlook after a sharp slowdown in the second quarter, reported a pre-tax loss of 147mln pounds ($177mln) in the first half compared with a loss of 95mln pounds a year ago. .Source: reuters.com
India: Amazon Fresh is now present across 6 cities in West BengalAmazon India has announced the expansion of Amazon Fresh, its full basket grocery service to Asansol, Chinsurah, Paschim Bardhaman, Burdwan and Durgapur. The Amazon Fresh app-in-app experience will offer a wide selection of more than 3,000 grocery products including fruits, vegetables, refrigerated products, beauty, baby, personal care, and pet products among other daily grocery needs. Source: businessnewsthisweek.com
THACO is determined to turn Emart into the leading supermarket chain in Việt NamEmart Vietnam will open two hypermarkets in HCM City this year, one in Thủ Đức City in Thủ Thiêm district in October and the other in Gò Vạp District in Christmas. Chun Byung Ki, general director of THISO Retail, revealed this information at the Emart Partners Day 2022 in HCM City, which was attended by more than 500 suppliers, saying that the chain aims to have 20 stores nationwide and incremental revenues of US$1bn. 2026 to be the hypermarket chain with the largest market share. Source: vietnamnews.vn
Food delivery’s next gig is software-as-a-service Sugar is a quick solution to balance salt and sour. In the same way food delivery companies are looking for ways to square their need for more customers with their investors’ need for profits. The secret ingredient could be selling their delivery technology as a service to retailers. London-listed grocery delivery outfit Ocado issues a note of caution. It has been outsourcing its robotic warehouse technology in recent years but has yet to turn an operating profit. For the secret sauce to have the desired effect, retailers will have to have better luck with the delivery method.Source: reuters.com
United Kingdom: Iceland opens new Swift c-store in London Iceland has opened its fifth Swift convenience store, and fourth in London, at a 3,000 sq ft site in London’s Finsbury Park previously occupied by Poundland. Iceland described Swift as a completely new concept designed to provide an easy-to-shop grocery store with the watchwords “Fast. Fresh. Local”. Source: talkingretail.com
Germany: Metro AG posts double-digit sales growth in third quarter Metro AG posted sales growth of 27.2% year-on-year on a local currency basis to €7.9bn in the third quarter of the financial year. The company attributed its performance to the implementation of the sCore strategy, as well as rising inflation and growth in the HoReCa segment. Source: esmmagazine.com
