UK: Tesco boss won't predict when food price inflation will ease
The chairman of Tesco, the UK's biggest retailer, says he cannot forecast when rises in food prices will peak. But John Allan said the supermarket was "doing our bit" to help customers cope with the impact of high inflation. Shortages of fresh produce helped push food inflation to 18.2% in the year to February, the highest since 1978.
Source: bbc.com
Aldi pumps hundreds of millions into French operations
Despite its recent acquisition of Leader Price, Aldi is performing below expectations in France. The retailer has replaced management and is investing another 400mln euros in logistics and expansion.
Source: retaildetail.eu
Sainsbury’s completes its upgrade in Streatham Common store, UK
Supermarket chain Sainsbury’s has launched its upgraded store in Streatham Common, south London after a four-month-long refresh programme. Sainsbury’s distinctive fresh produce offer has also been transformed and redesigned to be placed in the front and centre of this store.
Source: retail-insight-network.com
UK: Veg box scheme in Potton gets boost from Tesco to help provide more than 14k meals for struggling families
A veg box scheme that helps feed struggling families has received a boost from Tesco. The Veg Box Donation Scheme has received the equivalent of 14,683 worth of meals from Tesco, which will help Bedfordshire people facing financial hardship. The Potton scheme, which provides fresh and healthy vegetable boxes to people in financial need, was set up during Covid and has seen a significant increase in demand due to the cost-of-living crisis affecting more households.
Source: biggleswadetoday.co.uk
Global retail chain Circle K expands into New Zealand, signs deal with Woolworths' grocery wholesale arm
Global convenience retailer Circle K is expanding into New Zealand, and now sourcing goods from supermarket operator Woolworths. Pamma Retail Group, the company behind local Circle K stores, has signed a wholesale agreement that will see the owner of supermarket chain Countdown supply it with groceries for its four Auckland stores.
Source: stuff.co.nz
UK: Aldi, Morrisons, Tesco and Sainsbury's slash Easter vegetables to just 19p per bag
Many supermarkets have been slashing the cost of six popular vegetables, such as potatoes, carrots, parsnips, swede, cucumber and spring onions, to as little as just 19p per bag. Major supermarket chains such as Aldi, Morrisons and Sainsbury's have already introduced the price cuts from 4th April, while Lidl and Tesco are set to introduce the offer from Thursday, April 6.
Source: dailyrecord.co.uk
Aldi reaches 400 stores in Spain, plans 50 openings in 2023Aldi has reached the milestone of 400 stores in Spain with the opening of a new supermarket in Valencia. The new outlet is Aldi's sixth opening so far this year and the first store it has opened in Valencia in 2023, taking its total number of outlets in the region to 65.
Source: esmmagazine.com
Data: 1 in 4 UK households with young children experienced food insecurity this year
According to data from The Food Foundation, food insecurity rates are higher in households with children under the age of four than those with only school-age children, or no children at all. Local action coordinator at Sustain, Vera Zakharov commented: “Food prices are at a record high, with some fruit and vegetable lines up to 25% more expensive in the wake of recent shortages.”
Source: grocerygazette.co.uk
UK: Redbus Ventures eyes swoop on struggling Planet Organic chain
The investment vehicle founded by entrepreneur Simon Franks is among the suitors weighing bids to rescue the grocer, which has filed a notice of intention to appoint administrators, Sky News learns.
Source: news.sky.com
Italy: Esselunga sees 3.2% revenue growth in FY 2022
Supermarket chain Esselunga closed 2022 with a turnover of €8.8bln in 2022, up 3.2% year on year, while net profit amounted to €63.8mln, down from €266.5mln in 2021. Shelf prices increased by 5.5% in the same period, compared to price inflation of around 9% from suppliers.
Source: esmmagazine.com
Aldi UK pledges eco-certification for all fruit and veg by end of 2023
Aldi UK has announced a new ambition for all of its UK-based fresh produce growers to achieve the LEAF Marque by the end of the year. edie has enquired as to what proportion of growers are already certified; the Aldi website claims that the proportion stands at around 55%.
Source: edie.net
Top 10 supermarket retail chains in Greece
Here's an overview of the top ten supermarket retail chains in Greece, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com) 1. Sklavenitis turnover: €3.98bln (2021); 2. Lidl turnover: €2.1bln (estimated, 2020); 3. Alfa Beta Vassilopoulos turnover: €2.096bln (2020); 4. Metro Aebe turnover: €1.2bln (2020); 5. Masoutis turnover: €912mln (2020); 6. Galaxias turnover: €536mln (2020); 7. Market In turnover: €364mln (2020); 8. The Mart turnover: €334mln (2020); 9. Synka turnover: €195mln (2020); 10. Bazaar turnover: €181mln (2019).
Source: esmmagazine.com
Irish grocery retailers see highest footfall since March 2020: Kantar
Irish grocery retailers witnessed a 13% year-on-year increase in shopper footfall - the highest level since March 2020 - in the latest four weeks ended 19 March, according to latest data from Kantar.
Source: esmmagazine.com
Poste Italiane launches grocery home delivery service
Poste Italiane (Italian Post) has launched a new express courier service - Fresh - to offer home delivery of fresh groceries. The service is the result of a partnership between subsidiary MLK Deliveries and Mazzocco, a company owned by the Italtrans logistics systems group. Poste Italiane’s ‘Fresh’ delivery service are already available in 16 Italian cities, namely Milan, Monza, Modena, Cremona, Lodi, Reggio Emilia, Bergamo, Brescia, Bologna, Pavia, Parma, Turin, Florence, Rome, Pistoia and Prato.
Source: esmmagazine.com
Americanas' trio adding more money to table as creditor talks continue
Brazilian retailer Americanas said its reference shareholders have signaled with the possibility of injecting more money into the company as it looks for a deal to settle its debts.
Source: reuters.com
US: Kroger celebrates Earth Month
The Kroger Co., America's grocer, announced it is celebrating Earth Day the entire month of April with its Zero Hunger | Zero Waste Foundation making contributions to World Wildlife Fund (WWF) and the Arbor Day Foundation.
Source: prnewswire.com
US: Stop & Shop expands Flashfood across New York
Stop & Shop, a neighborhood grocer for over 100 years, announced that Flashfood, a digital marketplace that significantly reduces food waste at the retail level by connecting consumers with discounted food nearing its best by date, expanded availability of the program across over 60 of its New York stores.
Source: globenewswire.com
US: Food Lion Feeds Orange Bag campaign a sweet success with 1.6mln meals donated
The fifth annual Food Lion Feeds Orange Bag campaign has helped to provide 1.6mln meals for neighbors facing hunger, surpassing the campaign’s 1mln meal goal.
Source: globenewswire.com
Brazil targets Asian e-commerce giants, local companies in tax push
Brazil will soon unveil tax measures, including a crackdown targeting Asian e-commerce giants and curbs on some company tax benefits, as it looks to raise more than 100bln reais ($20bln), Finance Minister Fernando Haddad said in an interview with local broadcaster GloboNews. The e-commerce measures come in response to complaints from local retailers about unfair competition from Asian giants such as AliExpress, Shein, and Shopee.
Source: reuters.com