Carrefour CEO Alexandre Bompard named president of France's FCD
Carrefour chief executive Alexandre Bompard has been named as the new president of France's Fédération du Commerce et de la Distribution (FCD), a representative group for the large-scale retail trade.
Source: esmmagazine.com
Tesco Ireland to invest €80mln in new stores and store upgrades in 2023
Tesco Ireland has announced plans to spend €80mln this year on eight new store openings, extensive store refit and refurbishment upgrade programs, and ongoing maintenance of its growing property portfolio. This significant expenditure figure underpins Tesco's continued strong commitment to the Irish retail market.
Source: tescoireland.ie
UK food prices as big a concern for consumers as energy bills, Which? finds
Katie Alpin, the head of strategic insight at Which?, said that month after month of soaring food prices had "seen trust in supermarkets plummet to a 10-year low, comparable to the dark days of the horsemeat scandal". She added: "The cost of the weekly shop is now on a par with energy bills as the biggest worry for millions of households."
Source: theguardian.com
Australia: Aldi to offer online shopping to remain competitive with Coles and Woolworths
Aldi has revealed it will begin offering online shopping to remain competitive with Coles and Woolworths in Australia. However, Aldi has poured cold water on an online launch in the immediate future.
Source: news.com.au
French market leader E.Leclerc consolidates top position
E.Leclerc has reported a 1.4 percentage point increase in market share in the period from July 10 to August 6, to hold 23.9% of the French grocery market, new data from Kantar has shown.
Source: esmmagazine.com
Picnic to become online drugstore in Germany
Online-only supermarket Picnic is expanding its product range with the help of Edeka, a German chain of supermarkets. It is adding drugstore items and wants to become a drugstore in Germany. The complete drugstore segment will be up and running by the end of this year.
Source: ecommercenews.eu
UK: Price rises in shops at lowest for nearly a year
Price rises in British shops have slowed to their lowest rate since October but they are still significant, new data shows. Prices rose 6.9% in the year to August, down from 8.4% in July, the British Retail Consortium (BRC) said. Meat, potatoes and some cooking oil prices have risen less sharply.
Source: bbc.com
Japan: Seven & i department store unit union threatens to strike over Fortress deal
A labor union at Seven & i Holdings' department store unit Sogo & Seibu threatened to go on strike at a flagship store on August 31, depending on the outcome of talks with management over the subsidiary's planned sale to a US fund. Labor strikes are extremely rare in Japan, and if it goes ahead, it would be the first at a major department store in about 60 years, local media reported. Sogo & Seibu's labor union announced the strike notice at a press conference.
Source: reuters.com
Zepto is the first Indian unicorn of 2023, raises $200mln at a $1.4bln valuation
Online grocery delivery startup Zepto has successfully raised $200mln in a Series-E funding round, achieving a valuation of $1.4bln. This achievement marks Zepto as the first unicorn of 2023. The funding was led by StepStone Group, a US-based private markets investment firm, and is StepStone Group's inaugural direct investment in an Indian company.
Source: currentaffairs.adda247.com
US: Trader Joe's named most innovative for supermarkets
Trader Joe's ranks first in the supermarkets' category and fourth overall in The American Innovation Index (Aii) from Fordham's Gabelli School of Business and market research firm Rockbridge Associates, which scores and ranks the innovativeness of US companies based on their customers' experiences.
Source: supermarketnews.com
Uber Eats' new AI chatbot will offer recommendations to customers
An artificial intelligence chatbot under development at Uber Technologies Inc. will offer recommendations to food-delivery customers and help them more quickly place orders, part of a race to integrate AI into popular apps.
Source: bnnbloomberg.ca
US: MDHHS, Food Bank continue Flint mobile pantries during September
The Michigan Department of Health and Human Services (MDHHS) will continue to provide nutritious food by the truckload to Flint residents throughout September. MDHHS has provided the Flint mobile food pantries since February 2016 in partnership with the Food Bank of Eastern Michigan in Flint. September's mobile food pantry distribution will have plenty of delicious, vitamin-rich produce, including squash, cucumbers, potatoes, onions, carrots, cabbage, and sweet corn.
Source: michigan.gov
US: InventHelp inventor develops kitchen gadget to separate & peel garlic (FJK-275)
"As a cook myself, I wanted to create a kitchen gadget to separate and peel garlic in large batches", said an inventor, from Fort Lauderdale, Florida, "so I invented the GARLIC LANCER. My design would increase convenience and save time when cooking with garlic in the kitchen".
Source: prnewswire.com
Canada: How Longo's leads with local
Many grocers tout their policy of sourcing products from local farmers and food companies, but for Longo's, a family-operated food retailer with nearly 40 stores in communities across the greater Toronto area, local is part of its DNA.
Source: progressivegrocer.com
US: Grocer Winn-Dixie loses new trial bid in mushroom antitrust lawsuit
A US appeals court denied Winn-Dixie's bid for a new trial in its lawsuit alleging a conspiracy to artificially inflate mushroom prices, causing the national grocery chain to pay more to stock its shelves. Winn-Dixie had accused the Eastern Mushroom Marketing Cooperative, United Mushroom Farms Cooperative, and other defendants of unlawfully fixing the price of common white or brown mushrooms between 2001 and 2008.
Source: reuters.com
Kimco Realty to boost grocery-anchored portfolio with RPT Realty acquisition
Kimco Realty, North America's largest publicly traded owner and operator of open-air, grocery-anchored shopping centers, plans to acquire fellow shopping center real estate investment trust (REIT) RPT Realty in a deal valued at $2bln.
Source: winsightgrocerybusiness.com