Belarus: Eurotorg sees full-year revenue up 6.8%, despite 'challenging environment'
Eutororg, Belarus's biggest retailer, has reported a 6.8% increase in revenue in full-year 2020, supported by a 3.6% increase in like-for-like sales, and new store openings. Revenue at the group totalled BYN5.1bln (€1.63bln) for the full-year, it said, while adjusted EBITDA rose 43.9% to BYN448.5mln (€143.7mln).
Source: esmmagazine.com
Italy’s MD to open 47 new supermarkets this year
MD ended 2020 as the second largest discount retailer in Italy and the third largest in sales, with a market share of 15.5% (15.1% in 2019), new data has shown. Net sales were up 15% year-on-year, to €2.81bln, well above the average growth rate for the discount segment in Italy (+8.7%), while net profit increased by 56%, to €68.5mln, reports Gdonews. The retailer opened 39 new outlets (directly-owned and affiliated) during 2020, and the plan for this year envisages 47 store openings (35 direct and 12 affiliated), with sales area of between 1,000 and 1,500 sq. m. Also planned is the restructuring of 35 existing supermarkets.
Source: esmmagazine.com
SPAR China partner supports local by marketing surplus apples
Embedded in local communities, SPAR Shandong continues to connect and support local suppliers. In March, the SPAR China partner purchased 8 tonnes of surplus apples from a local elderly farmer in Weihai, ensuring the local variety would not be wasted.
Source: spar-international.com
Ahead of expected IPO, Pepco takes PEPCO brand to Spain
Discount retailer Pepco Group said it would open its first PEPCO branded store in Spain this month and 10 more by September, stepping up its expansion ahead of an expected initial public offering (IPO) this year. The group, which also trades as Poundland in the United Kingdom and Dealz in Europe, is part of South African conglomerate Steinhoff, which is still battling the fallout of a 2017 accounting scandal.
Source: reuters.com
UK: Sainsbury's ex-boss buys into grocery app market
Former Sainsbury's boss Justin King has taken a stake in the fast-growing grocery delivery app market. The Snappy Group said Mr King was now a senior adviser to it and had made "a significant personal investment". The Dundee-based group's Snappy Shopper app service offers goods from local convenience stores in 30 minutes. Snappy Shopper does not claim to be as fast as fellow start-ups such as Weezy, Dija, Zapp and Getir. However, it does cover much more of the UK, with most of its rivals currently confined to parts of London and selected other cities.
Source: bbc.com
UK: Co-op store management shake-up to affect 2,000 staff
The Co-op retail chain has announced a shake-up of its store management structure which is expected to affect 2,000 staff. It is axing the role of team manager across most of its stores - though stressed there would be no compulsory redundancies and that all those affected would be offered alternative positions.
Source: news.sky.com
Revolution in transport: SPAR Switzerland adds first green hydrogen truck to its fleetSPAR Switzerland has added a modern and eco-friendly hydrogen-electric truck to its fleet. The 36-tonne Hyundai XCIENT Fuel Cell truck was tailored to SPAR’s needs and will facilitate long-distance, emission-free food deliveries on the Central Switzerland route.
Source: spar-international.com
Finland: S Group sees supermarket sales up 6.1% in first quarter
Finnish retailer S Group has said that sales in its supermarket division were up 6.1% in the first quarter of 2021, compared to the corresponding period last year, a performance it described as 'significant' due to tough comparatives.
Source: esmmagazine.com
The Fresh Market voted the best supermarket in America
USA Today's 10Best Readers' Choice Awards has recognized The Fresh Market as the "Best Supermarket in America" for 2021. A panel of 10Best local experts and contributors nominated their favorite American supermarkets based on value, selection and service. Readers could then cast their vote for their favorite supermarket once per day for a 28-day period through the 10Best website. The list of the top 10 winners can be found online here.
Source: prnewswire.com
US: iFresh announces delivery partnership with HungryPanda
iFresh, Inc. (“iFresh” or the “Company”), a leading Asian American grocery supermarket chain and online grocer in the east coast of U.S., announced it has established a partnership with HungryPanda, a global leading food delivery platform. The 2 parties entered into a service agreement on April 20, 2021, pursuant to which the partners have agreed to jointly launch an online perishable goods delivery service in New York.
Source: globenewswire.com
US: Three CT Stop & Shop supermarkets among a group of 11 sold for $295mln
3 Connecticut Stop & Shop locations are among a portfolio of grocery stores that have sold for $295mln. A suburban Chicago-based commercial real estate organization, Inland Real Estate Group of Companies, acquired the single-tenant locations from Winstanley Enterprises and Surrey Equities, according to officials with JLL Capital Markets, which brokered the deal.
Source: nhregister.com
Lidl voted a top 3 U.S. supermarket in USA Today 10Best Readers' Choice AwardsLidl is pleased to announce it was named a Top 3 Supermarket from USA Today 10Best Readers' Choice Awards for Best Supermarket this year, beating out other retailers such as Publix, Trader Joe's and Wegmans. The company was first nominated by a panel of relevant experts and then voted by the public over a four-week period.
Source: prnewswire.com