UAE: Union Coop caters 30mln tons of fresh produce in 2023
In a testament to its commitment to providing high-quality and competitively priced fresh food, Union Coop has announced the supply of 30mln tons of local and imported vegetables and fruits since the start of 2023. The cooperative, with its established and approved terms and procedures, continues to uphold its mission of meeting the diverse needs of consumers.
Source: zawya.com
Holland: Grocery delivery is back as Crisp raises €35mln to scale next-day delivery
Food delivery startup Crisp has raised €35mln in equity financing to scale its operations in the Netherlands, its home market, and in Belgium. Existing backers of Crisp, which joined this new round, include London-based, multistage VC firm Target Global and Amsterdam-based Keen Venture Partners, which invests in early-stage tech companies.
Source: sifted.eu
E-Commerce the 'big winner' in France in October, says Kantar
The online channel was the big winner in the French grocery market in October, new data from Kantar has revealed, seeing a 0.6 percentage point gain to account for 10.3% of the market.
Source: esmmagazine.com
China: Alibaba Group announces September quarter 2023 results
Alibaba Group Holding Limited ("Alibaba" or "Alibaba Group") announced its financial results for the quarter ended September 30, 2023. Business highlights: Revenue was RMB224,790mln (US$30,810mln), an increase of 9% year-over-year. Income from operations was RMB33,584mln (US$4,603mln), an increase of 34% year-over-year.
Source: alibabagroup.com
Mercator takes over Slovenian retailer Engrotuš
Slovenian retail market leader Mercator has signed a contract to acquire 100% of the shares in Engrotuš, which manages around 260 Tuš stores across the country. The value of the transaction has not been disclosed, although according to local reports, it is worth around €30mln. The deal is expected to close after approval from the Market Competition Agency of the Republic of Slovenia (AVK).
Source: esmmagazine.com
France: Ida uses AI to prevent grocery food waste
Ida is a relatively new French startup that wants to work with supermarkets and grocery stores to optimize new orders of fresh products, such as fruits, vegetables, meat, poultry, and fish. The startup recently raised a $2.9mln (€2.7mln) seed round from Frst, Daphni, Motier Ventures, and Kima Ventures.
Source: techcrunch.com
Portugal: Sonae's MC arm sees sales up 9.6% in third quarter
Retailer MC, which operates the Continente brand, saw sales rise 9.6% in the third quarter of its financial year, or 8.7% on a like-for-like basis. The business, which is part of the Sonae conglomerate, achieved sales of €4.8bln in the first nine months of the year, which is up 11.8% on the corresponding period last year, or +10.4% on a like-for-like basis.
Source: esmmagazine.com
UK: CJ Lang portal allows independent Spar retailers to compare performance
CJ Lang & Son / Spar Scotland is launching its Indy Track portal, powered by TWC, offering independent Spar retailers the opportunity to benchmark their performance against others in the group.
Source: talkingretail.com
US: Weis Markets will use Amazon for same-day grocery delivery
Amazon is now offering Weis Markets same-day grocery delivery in additional cities across New Jersey, Virginia, Pennsylvania, and Maryland so customers can get fresh groceries delivered right to their door.
Source: supermarketnews.com
US: ReposiTrak Traceability Network adds produce distributor and new produce supplier
ReposiTrak, the world's largest food traceability and regulatory compliance network, built upon its proven inventory management and out-of-stock reduction SaaS platform, announced the addition of a specialty produce distributor and a chile supplier to the ReposiTrak Traceability Network® ("RTN"). The distributor and supplier will use RTN to do traceability with an in-network retail grocery chain with nearly 300 stores and four distribution centers, as well as with an in-network wholesaler and retailer with 700 locations; the users include The largest distributor of specialty produce in the United States; A fourth generation chile grower from the Hatch Valley, New Mexico.
Source: businesswire.com
US: Save Mart, Lucky, and FoodMaxx Stores are now live on DoorDash
DoorDash, the local commerce platform, announced a partnership with The Save Mart Companies to bring Save Mart, Lucky, and FoodMaxx locations to the DoorDash Marketplace. Consumers across California and Nevada can access Save Mart, Lucky, and FoodMaxx on DoorDash to get groceries delivered on the same day in under an hour, on average (Based on average delivery time. Delivery times may vary and are not guaranteed), directly to their door.
Source: businesswire.com
Chile: Cencosud profits fall nearly 15% as sales stumble
Chilean retailer Cencosud reported a 14.7% drop in third-quarter net profit, citing high borrowing costs and dampened consumption stemming partly from adverse weather in some markets. Net profit totaled $176mln for the period. Cencosud's revenues for the July-to-September period totaled $4.3bln, down 3.3% from a year earlier, the company said.
Source: jp.reuters.com
US: Divert survey reveals 20% fewer consumers donating this holiday season
Divert, Inc., an impact technology company on a mission to Protect the Value of Food™, announced new data from a consumer survey and analysis on food bank donations, food insecurity, and grocery shopping behaviors. The survey found that 25% of consumers are more anxious about their ability to afford food in the next three to six months, and 30% are purchasing less fresh food like produce, due to the skyrocketing price of groceries.
Source: divertinc.com
US: NFU releases 2023 Farmer's Share of Thanksgiving food dollar
National Farmers Union (NFU) released the updated Farmer's Share of the food dollar for items typically served during the Thanksgiving holiday. Included in the 2023 Thanksgiving Farmer's Share numbers are, amongst other things: Mashed Potatoes, 5lb bag: Retail Price - $3.99, Farmer's Share - $0.64. Sweet Corn, 16oz frozen: Retail Price - $2.99, Farmer's Share - $0.41. Cranberries, 12oz: Retail Price - $2.99, Farmer's Share - $0.29.
Source: nfu.org
US: Aldi to open 7 new stores on Thursday
The discount grocer plans to unveil its latest locations in Minnesota, Georgia, Louisiana, California, Missouri, South Carolina and West Virginia. “Our stores are designed to make grocery shopping smarter, faster and easier, and we’ve been voted the price leader for six years running”, said JR Perry, Saxonburg regional vice president for Aldi, in a statement.
Source: winsightgrocerybusiness.com
US: Grocery Outlet enters ninth state with store opening in Ohio
Grocery Outlet Holding Corp. ("Grocery Outlet" or the "Company"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, announced its store opening in Boardman, Ohio, representing the company's presence in nine states.
Source: globenewswire.com
US: Walmart reports third-quarter results
Walmart Inc. announces third quarter results, including strong revenue growth of 5.2%. Third quarter highlights: Consolidated revenue of $160.8bln, up 5.2%, or 4.3% in constant currency ("cc").
Source: stock.walmart.com