"7-Eleven adds wholesale partner | Walmex delivers "solid" Q3"
Kroger considers home delivery while fill-in growth boosts sales
Dunnes Stores experienced the largest growth of any Irish supermarket in the last three months, increasing its sales by 4.7% and bringing the retailer’s current market share to 23.2%. Dunnes has also focussed on price promotions this period, with products on offer accounting for 39% of all consumer spend in its stores during the past 12 weeks. The latest supermarket share Kantar Worldpanel figures, cover the 12 weeks ending 11 October and show a year-on-year growth in sales of 2.1% across the Irish grocery market. Meanwhile, Tesco retains its position as the largest supermarket in Ireland, with sales performance continuing to stabilise and market share standing at 24.5%. Lidl and Aldi continued to gain ground, with year-on-year increases in sales of 9.8% and 4.5% respectively. (rte.ie)
Mexican Walmart delivers "solid" Q3
Walmex's CFO Pedro Farah said the third quarter was "solid, with strong top line growth." Net sales were up 7.9% at constant currency. Total sales up were 8.2% in Q3, amid a resilient economy and consumption levels. Walmex's comparable store sales continue their strong performance from previous quarters, up 7.1% in Q3 vs 4.4% and 5.9% in Q1 and Q2 respectively. Comparable store sales were up 6.3% in grocery formats. Sam's Club reported 4.6% comparable store sales growth for the quarter. E-commerce sales in the region are delivering double digit growth but it remains a small part of the business. Walmex said it wants to "win in grocery home shopping and be a strong player in general merchandise", reflecting the ambition of the wider Walmart business to become more competitive against the best digital retailers. (igd.com)
US: Kroger to consider home delivery
Kroger Co. said it would consider offering home delivery at some point as a complement to click-and-collect Internet shopping options currently available. “It’s a matter of ‘and,’ not ‘or,’” Mike Schlotman, EVP and CFO, said during the retailer's investor conference Tuesday in New York. “When a customer decides to interact with Kroger in a particular way, we want to be sure we offer that option.” (supermarketnews.com)
US: Fill-in growth boosts Kroger sales
Kroger Co.'s practice of concentrating capital spending in select markets is resulting in increasing sales and share, Rodney McMullen, chairman and CEO of Kroger Co., told an investors conference in New York Tuesday. “Store count doesn’t drive everything,” he said. “We’ve identified eight markets where we can grow store count and market share through increased capital investments.” (supermarketnews.com)
French Auchan to invest €1bn in hypermarket renovations
French retail group Auchan plans to invest €1bn by 2018 to renovate its French stores in an effort to halt declining sales, and is also overhauling its management structure. (pie-mag.com)
Israeli supermarket chain Mega faces new threat with suppliers
The companies that stock the shelves of Mega, Israel’s second-largest supermarket chain, have grown anxious in recent days and are demanding financial guarantees and in some cases reducing deliveries to hedge their risk, leading to shortages at some stores. Threats by bondholders to undo the debt bailout are giving the companies that stock Israel's second-largest supermarket chain cold feet. (haaretz.com)
US: Walmart to invest more on Fresh
Walmart’s endeavors to improve an impression in fresh are coming to fruition in new item plans, a more noteworthy accentuation on trend precise and time-right items, and in underlining them behind new work forms and revamped department layouts. “It’s a territory that our clients are letting us know is significant,” Shawn Baldwin, Wamart’s SVP of fresh told to Media persons. “It’s them letting us know something they need us to invest more energy in. Furthermore, they like it when we acquire more variety, and all the more new things on a steady basis.” (internationalsupermarketnews.com)
Morrisons to be sued by 2,000 staff
More than 2,000 staff at Morrisons are to sue the supermarket chain after some of their personal and financial details were posted online. The leak happened when a company auditor uploaded details of almost 100,000 staff to various file-sharing websites in 2013. The auditor, Andrew Skelton, was sentenced to eight years in jail for deliberately leaking the details. Now staff are arguing Morrisons should have done more to protect their data. (BBC)
China: Alibaba's sales surge
Alibaba Group defied the slowdown in China’s economy with sales that climbed by almost a third as the online emporium captured more of the nation’s shift to mobile shopping. Shares rose the most in five months. Sales jumped 32% $3.5bn in the three months ended September, the company said Tuesday, beating analyst estimates. (esmmagazine.com)
Russian retailer Lenta raises $150m to fund its expansion plans
Russian retail chain Lenta has raised approximately $150m through book build placement (the "Placing") of global depositary receipts ("GDRs") representing newly issued shares in the company to further support the acceleration of its new store expansion programme. Additionally, the European Bank for Reconstruction and Development ("EBRD") has informed the Company that it is planning to monetize a portion of their shareholding by selling $100m worth of GDRs as part of this capital market transaction, with an option to increase this sale to $150m. (hypermarketsandsupermarkets.retail-business-review.com)
UK: Tesco in tie-up with Sir Philip Green's Arcadia
Tesco has pledged to take its extra stores even further through its recent partnership with retail group Arcadia. Its fashion stores will be implemented as shop-in-shops in Tesco supermarkets around the country, retailgazette.co.uk reports.
Carrefour China sales decline 11.2% in Q3 2015
French retailer Carrefour realized sales of about €21.5bn in the third quarter of 2015, a year-on-year increase of 4.2%; meanwhile, its sales in China decreased by 11.2%. The company revealed that during the reporting period, its sales in the domestic French market were €10.266bn, a year-on-year increase of 1.6%; while its sales in international markets were €11.277bn, a year-on-year increase of 6.2%. However, the retailer's sales in China decreased by 11.2%. (chinaretailnews.com)
US: 7-Eleven adding Core-Mark as new wholesale partner
CSP has learned that 7-Eleven Inc. is adding Core-Mark Holding Co. Inc. as a new wholesale partner in a strategic effort to lower risk throughout the retail network and ensure future flexibility. According to an internal communication obtained by CSP Daily News, effective in late 2016, 7-Eleven will transition approximately 10%, or 900 of its convenience stores to Core-Mark, which will become the recommended wholesaler in central and northern California and parts of Utah and Nevada. Core-Mark will be the primary wholesale distributor delivering a wide range of products to these stores out of three of its divisions: Las Vegas, Salt Lake City, and Sacramento, Calif. (cspnet.com)
Southeastern Grocers to move HQ next year
Southeastern Grocers has informed its employees that the company will be relocating early next year to a remodeled office approximately 14 miles southeast of its current Jacksonville, Fla., headquarters. (supermarketnews.com)
In the UK a law regulates how supermarkets can deal with their suppliers
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