Slovenia: SPAR reports 13.6% revenue growth in FY 2023
SPAR Slovenia reported robust financial results in its financial year 2023 with gross turnover reaching €1.2bln, marking a year-over-year increase of 13.6%. Pre-tax profit amounted to €21.6mln, and the operating profit margin stood at 1.97%, according to the company. SPAR Slovenia also caters to various dietary needs and lifestyles by offering product lines, such as SPAR Veggie (for vegans and vegetarians).
Source: esmmagazine.com
UAE's Lulu Group to increase food imports from India to Rs 15,000 crore in two years
Lulu Group, a leading retail conglomerate based in Abu Dhabi, UAE, aims to increase its food imports from India to Rs 15,000 crore in the next two years, up from the current Rs 10,000 crore, a senior company official said. The company imports a wide range of food products from India, including fruits, tea, spices, rice, sugar, and millet, Yusuff Ali, chairman of Lulu Group, told the media at the India UAE Business Forum.
Source: ndtvprofit.com
Tesco Ireland provides food packs to 11 Donegal schools
Free food packs have been distributed to 11 DEIS schools in Donegal by Tesco Ireland's Stronger Starts Food Programme. The packs include a selection of seasonal fruits and vegetables like fresh apples, onions, potatoes, and carrots.
Source: donegalnews.com
UK convenience sector investment hits record high of £1bln
Investment in the UK's local shops has reached record highs over the last year, as convenience store retailers look to future-proof their businesses. During that period, convenience retailers spent a combined £1bln (up from £646mln in the previous 12 months) refitting their stores, installing new energy-efficient refrigeration and lighting, and detecting and preventing crime. The findings come from the 2024 Local Shop Report, published by the Association of Convenience Stores. The investment figure is the highest on record since the report's inception in 2012.
Source: talkingretail.com
Scottish retailers see fruit sales fly with banana giveaway
Independent stores that took part in Snappy Shopper and SGF Healthy Living Programme's Free Banana Wednesday campaign not only helped consumers to eat more healthily but also boosted their fruit sales.
Source: slrmag.co.uk
AWS plans to invest £8bln in the UK, supporting 14,000 jobs annually in local businesses
Amazon Web Services (AWS) plans to invest £8bln over the next five years (2024-2028) in building, operating, and maintaining data centers in the UK. This investment is part of the company's long-term commitment to supporting growth and productivity across the country and is estimated to contribute £14bln to the UK's total Gross Domestic Product (GDP) through to 2028 and support an average of more than 14,000 full-time equivalent (FTE) jobs on an annual basis at local UK businesses.
Source: aboutamazon.co.uk
Rami Levy appoints daughter Yafit as co-CEO
Rami Levy founder and CEO of discount supermarket chain Rami Levy Chain Stores Hashikma Marketing 2006 Ltd. has appointed his daughter Yafit Attias as co-CEO. The company's board of directors has approved the appointment, which must now be approved by the annual shareholders meeting and she is expected to become co-CEO on January 1, 2025.
Source: en.globes.co.il
UK: New EG On The Move roadside service station with Co-op convenience store set to launch this week in Finmere
A new EG On The Move roadside service station and Co-op convenience store is set to launch this week (Friday, 13 September) located on the A421 adjacent to Finmere Aerodrome.
Source: co-operative.coop
Challenging market environment weighs on German food industry, BVE says
The German food industry continues to face pressure brought upon by high costs, declining foreign demand, and weak domestic consumption, according to the Federation of the German Food and Drink Industry (BVE). In the first quarter of 2024, the food industry generated a total of €56.7bln, corresponding to a loss of 1.8% in real terms compared to the same period in the previous year, data showed.
Source: esmmagazine.com
Deloitte: Grocery shoppers crave convenience and fresh
In its sixth annual assessment of the state of fresh food, "A Fresh (Food) Take on Grocery Convenience", Deloitte examines how grocers might win a greater share-of-stomach by bringing "fresh convenience" to consumers as they plan their meals, choose where to shop, and select their food.
Source: prnewswire.com
US: Target opens new sortation center in Detroit
Target has opened its 11th sortation center in Detroit, Michigan. The new $1mln facility will be able to serve more than 3mln consumers and is expected to process up to 60,000 packages a day by 2028, according to Gretchen McCarthy, chief supply chain and logistics officer at Target, who posted the news on her LinkedIn page.
Source: supermarketnews.com
US: New Whole Foods Market in Hyannis, Massachusetts, to open October 10
Whole Foods Market will open a new 42,560-square-foot store located at 790 Iyannough Road Hyannis, Massachusetts, on October 10 at 9:00 a.m. ET. Features of the new Hyannis store include: an array of certified organic, conventional, and Sourced for Good Local offerings including salad blends from Farming Turtles and cold pressed juices and drink mixers from Ripe.
Source: media.wholefoodsmarket.com
US: Thrive Market announces new retail media network powered by Instacart
Instacart reported: "Thrive Market, the healthy and sustainable online grocery store carrying a curation of organic, non-GMO, and health-conscious products, announced its new retail media network in partnership with Instacart, the leading grocery technology company in North America".
Source: instacart.com