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Tesco again scales back 24-hour trading | Dutch Lidl goes online

Target, Walmart recalls frozen vegetables
National Frozen Foods Corporation announced Saturday it was recalling a limited quantity of Not-Ready-To-Eat frozen green peas and frozen mixed vegetables. The frozen vegetables are carried under Great Value, Market Pantry, and several other major brands. These frozen vegetables have the potential to be contaminated with Listeria. (wncn.com)

Tesco again scales back 24-hour trading

Tesco has ceased 24-hour trading at another tranche of supermarkets as part of a shakeup that puts 2,000 jobs on the line. The supermarket has begun a 45-day consultation with nightshift workers and with staff displaced by plans to merge customer service counters. It said 46 stores were affected by the changes, with 20 ceasing round-the-clock trading. (theguardian.com)

AU: IGA supplier Metcash turns fortunes around

Grocery wholesaler Metcash, which supplies IGA supermarkets, has turned its fortunes around to post full-year after-tax earnings of $216.5m. That result, for the 12 months to April, represented a dramatic improvement on the company's $384.2m loss for the prior year. Metcash's underlying profit rose by 2.7% to $178.3m, which was slightly above analysts' expectations. (abc.net.au)

Italy: Conad invests €188m in 88 new store openings
Italian supermarket chain Conad is planning to invest €188m in 2016 to expand its network with 88 new stores, totalling 78,800 square metres of retail space. Conad is present in all regions of Italy, with 3,055 outlets (a total of 1,918,013 square metres) in all store formats. It holds a 20.1% market share, ending 2015 with a turnover of €12.2bn, up 4% on 2014. (esmmagazine.com)

Lidl, Dia see most growth in Spain so far this year
Discounter Lidl has been the fastest-growing supermarket in Spain so far this year, followed by Dia, a study has found. According to financialfood.es, Lidl now holds 4.1% of the market, according to figures from Kantar Worldpanel. At the same time, Dia reached its highest share total so far (8.9%) between February and April. Mercadona continues to hold a leadership position in the market, with 23% share. A Kantar Worldpanel spokesperson noted the increasing ‘battle’ in the Spanish market regarding specialist channels and fresh produce. (esmmagazine.com)

US: Save Mart hires new director of produce
Forty-year industry veteran and produce expert David Moen will soon be joining Save Mart as its new Director of Produce, according to sources familiar with the matter, adding that his appointment is effective June 20th. Moen is presumably filling the role left by former produce head for the company, Jim Corby, who had resigned from the position in January this year. (andnowuknow.com)

Germany: Edeka struggles with Tengelmann’s delivery service
The integration of Tengelmann’s delivery service ‘Bringmeister’ in the Edeka organization will be difficult. Several experts state in the business magazine 'Capital' that the delivery service doesn’t fit in the current Edeka system. The departing CEO digital marketing of Tengelmann, Henrik Haenecke, stated that the future of ‘Bringmeister’ is open: “The question how ‘Bringmeister’ will continue should be answered by Edeka when the merger is complete.” The trade expert Gerrit Heinemann called ‘Bringmeister’ a "foreign body" in the Edeka organization. The online knowhow of Tengelmann is one of the most important reasons for Edeka to take over this competitor with 450 stores. The Edeka CEO Markus Mosa recently stated that the online business “would rather be expanded than cut back”. And ‘Bringmeister’ should play an important part.

Dutch Lidl goes online 'but not selling food yet'
The web shop's product range is currently limited to clothing, DIY articles, home accessories, garden utensils, kitchen and bath items and sports and leisure products, basically its non-food product range from its physical stores. "This is a logical step for Lidl Netherlands. We love to be where our customers are and that means we have to have an online presence", spokesperson Christine Braun said. Food is not yet available in Lidl's web shop, but that will change in the future: "We will gradually expand our product range in the future", Braun added. (retaildetail.eu)

OK Zimbabwe forecasts tougher year ahead

Speaking after its recent results announcement, OK Zimbabwe’s CEO, CE Willard Zireva, has said that he expects the retailer’s 2017 financial year to see a ‘tougher trading environment’. Zireva was quoted as saying that the country’s economic backdrop would limit OK Zimbabwe’s growth opportunities given that ‘there is no chance of employment… until we start receiving meaningful foreign direct investment’. (igd.com)

LuLu expands in Saudi Arabia
LuLu has opened its seventh hypermarket in Saudi Arabia, a c. 18,500 sq. m store in the Amir Fawaz district of Jeddah. At the store’s opening LuLu committed to investing US$213.2m to open a further 12 hypermarkets in Saudi Arabia by 2018. The retailer said it expected to open four more hypermarkets in 2016, with one planned for each of Jeddah, Hail and Hofuf, with the others to be opened before 2018, with one set for each of Mecca and Madinah. (igd.com)

Majid Al Futtaim sets out investment plans for UAE

UAE-based Majid Al Futtaim (MAF) is set to invest US$8.2 bn in its home market. From a grocery perspective, the investment will see MAF expand its Carrefour brand strongly, adding 10 new Carrefour hypermarkets and 30 new Carrefour supermarkets in the country. Beyond the investment in Carrefour, the money will be spent on adding 10 new ‘City Centre’ shopping malls, including a regional shopping centre in Dubai, its first super-regional centre in Sharjah and a community mall in Masdar City, and expanding six existing shopping centres. (igd.com)


Billionaire Wiese takes long-term Africa view as growth dips
Please, click here to read the article at esmmagazine.com.



Despite losses, why India is Metro Cash & Carry’s key market
Please, click here to read the article at financialexpress.com

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