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Gruppo VéGé has announced a goal of €20bln in annual revenue by 2030

Tesco plans to cut about 400 jobs

Holland: Jumbo seeks new CEO
Unexpectedly, top executive Ton van Veen announced that he will leave Jumbo within a few months. The Dutch supermarket chain is launching the search for a successor. Van Veen had been financial director of the supermarket chain since 2004, deciding to step back and become vice-chairman of the Supervisory Board in 2022 but was asked by the family to return as CEO after top executive Frits van Eerd was compromised.
Source: retaildetail.eu

Italy: Gruppo VéGé targets €20bln in annual revenue by 2030
Italy's fourth-largest large-scale retail group, Gruppo VéGé, has announced a goal of €20bln in annual revenue by 2030, up from an estimated €15.3bln in 2024. In an interview with the daily newspaper Corriere della Sera, CEO Giorgio Santambrogio noted the trend toward market consolidation in the retail sector and confirmed that the group is currently in talks with several supermarket chains.
Source: esmmagazine.com

UK: Tesco to cut 400 jobs across stores and head office
Britain's biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said.
Source: reuters.com

Spain: Eroski targets growth and debt reduction
Spanish food distribution cooperative Eroski is planning to expand its operations into new markets while carefully managing its growth. During a press conference in Bilbao, CEO Rosa Carbel said that the company can "take risks now and grow again, but in a sustained way and without rushing". She added that Eroski aims to reduce the high interest rate (10.625%) on its €500mln bond launched at the end of 2023 and maturing in 2029. Carbel also announced that the company will increase the presence of both private-label and fresh products on its shelves.
Source: esmmagazine.com

UK: Rollback is back! Asda Rollsback on thousands of products with more to follow
Asda reported: "Asda has announced the return of its iconic Rollback proposition as part of a significant investment to begin lowering prices across its entire range. Asda is Rolling back prices on more than 4,000 popular products both in stores and online, with an average discount of 25%".
Source: corporate.asda.com

110 new and refurbished DESPAR Italia stores opened nationwide in 2024
Across the country, DESPAR Italia saw a year of significant investment, with 75 new store openings alongside the reopening of 35 refurbished stores in 2024. The total of 110 new and restyled DESPAR branded stores opening marks a 20-store increase compared to the previous year.
Source: spar-international.com

US: Sprouts Farmers Market discloses Florida growth plans
Sprouts Farmers Market has revealed plans for significant expansion in 2025, focusing particularly on Florida. This strategic growth aims to bring more than seven new stores to locations across the Sunshine State. The new locations will offer Sprouts' signature selection of fresh and organic produce, responsibly sourced meat and seafood, and a wide variety of innovative, better-for-you products.
Source: progressivegrocer.com

US: Vallarta Supermarkets kicks off 40th anniversary with the grand opening of new Modesto store
Vallarta Supermarkets, one of California's largest Latino-owned grocery chains, proudly announces the grand opening of its newest location in Modesto, California. Located at 3900 Pelandale Ave #200, Modesto, CA 95356, the new location will celebrate with a Grand Opening Ceremony for the community on February 5, 2025, at 8:00 AM. The new store will feature many beloved departments - La Isla: Customers can order fresh-pressed fruit and vegetable juices, as well as Vallarta's signature agua frescas in a variety of flavors. La Fruteria: Choosing from the freshest fruits and ingredients, customers can order juicy fruit bowls topped with Tajin, Chamoy, lime juice, and salt.
Source: prnewswire.com

Canada: METRO reports 2025 first quarter results
METRO INC. announced its results for the first quarter of Fiscal 2025 ended December 21, 2024. Sales in the first quarter of Fiscal 2025 ended on December 21, 2024 were $5,117.1mln, up 2.9% versus the first quarter of the prior year which ended on December 23, 2023. Sales were negatively impacted by the transfer of two significant pre-Christmas shopping days to the second quarter this year. Net earnings for the first quarter of Fiscal 2025 were $259.5mln compared with $228.5mln for the corresponding quarter of 2024, while fully diluted net earnings per share were $1.16 compared with $0.99 in 2024, up 13.6% and 17.2% respectively.
Source: newswire.ca

US: GreenLeaf, a Chefs' Warehouse company, is now distributing produce to Chefs' Warehouse customers in Southern California
The Chefs' Warehouse, Inc., a premier distributor of specialty food products, is proud to announce it is expanding its Northern California produce distributor, GreenLeaf, to service Chefs' Warehouse customers in Southern California. This regional growth is part of the company's planned expansion in the fresh category and offers Chefs Warehouse customers in the area access to the highest quality produce available.
Source: prnewswire.com

US: Houchens taps eGrowcery to enhance in-store digital commerce experience
Houchens Food Group (HFG), the owner and operator of more than 400 grocery, convenience, hardware/DIY and foodservice locations across 15 states, has tapped eGrowcery, developer of a retail food industry white-label digital commerce platform, to deliver improved shopper engagement for its grocery banners. HFG will deploy eGrowcery technology at select IGA, Price Less and Food Giant stores.
Source: progressivegrocer.com