E-commerce continues to grow in the EU
Online shopping continues to grow in the EU, as data from the latest annual survey on the use of ICT in households and by individuals shows. In 2022, 91% of people aged 16 to 74 in the EU had used the internet, 75% of whom had bought or ordered goods or services for private use. The proportion of e-shoppers grew from 55% in 2012 to 75% in 2022, an increase of 20 percentage points (pp). The highest shares of internet users who bought or ordered goods or services over the internet in 2022 were recorded in the Netherlands (92%), Denmark (90%) and Ireland (89%).
Source: ec.europa.eu
SPAR Spain partner Fragadis grows its retail presence
SPAR Spain retailer Fragadis, operating in the East of Spain, identified and responded to a need for larger supermarkets in its territory. The retailer opened four EUROSPAR Supermarkets in 2022 and another EUROSPAR store on 1 February 2023. All stores include butchery and delicatessen counters plus fresh sections with regional fruit and vegetables.
Source: spar-international.com
UK: Ocado to price-match Tesco as supermarket battle steps up
Online grocer Ocado has stepped up the battle between supermarkets by announcing it will price-match 10,000 Tesco goods. Ocado's move comes as the company reported a hefty loss of more than £500mln for last year.
Source: bbc.com
One quarter of British shoppers struggling as grocery price inflation goes above 17% for the first time
Grocery price inflation rose again to reach 17.1% in the four weeks to 19 February 2023, the highest level ever recorded by Kantar. Overall take-home grocery sales increased by 8.8% during the four weeks and by 8.1% over the 12-week period.
Source: kantar.com
UK retailers and consumers continue to feel pinch of rising costs - BRC
Inflation in major British store chains hit a new record in the 12 months to February, reflecting the rising cost burden for retailers and consumers, the British Retail Consortium (BRC) said.
Source: reuters.com
Britain's M&S lifts store worker pay by 7% citing rising living costs
British retailer Marks & Spencer will raise hourly pay for over 40,000 store workers by 7% from April, a third rise in just over two years that may catch the attention of the Bank of England, which is worried about inflationary pressure in the economy.
Source: reuters.com
Thailand’s grocery e-commerce market
Thailand has experienced a sudden rise in food and beverage e-commerce, especially in online grocery delivery. HappyFresh, a grocery delivery service that has been operating in Thailand for five years, sees people aged 25-40, spending on average $40 per transaction, driving the demand for online grocery shopping.
Source: apps.fas.usda.gov
Ahold Delhaize publishes 2022 Annual Report and issues convocation for 2023 Annual General Meeting of shareholders
Ahold Delhaize published its 2022 Annual Report, an integrated report that provides an overview of the Company’s financial and ESG performance in 2022. The 2022 Annual Report is available here.
Source: aholddelhaize.com
Britain's Sainsbury's to close two depots, 1,400 jobs affected
British supermarket group Sainsbury's plans to consolidate five existing Sainsbury's and Argos general merchandise depots into three, closing two by 2026, in a move that will impact 1,400 workers, it said. The sites proposed to close are in Basildon, south east England, and Heywood, northern England.
Source: reuters.com
Czech online grocers look east and west beyond their home market
Two Czech online grocers - one a start-up "unicorn", the other backed by a billionaire businessman - are taking on Europe's biggest supermarkets to feed growing appetite for home grocery delivery. Market leader Rohlik Group is setting its sights on Germany, while local rival Kosik pushes eastward.
Source: reuters.com
Holland: Retail turnover over 11% up in January
Statistics Netherlands (CBS) reports for January 2023 that the Dutch retail sector recorded 11.3% year-on-year turnover growth. The volume of sales went up by 0.4%. Turnover in the food sector was up by 7.3% and in the non-food sector by 21.5%. Furthermore, online retail turnover decreased by 10.9%.
Source: cbs.nl
5 ways in which AI and machine learning is enhancing the retail experience
Andrew Bithell, Sales Team Lead, CTS, examines five ways in which technology is helping retailers to harness the power of their data resources: 1. Recognise different experiences; 2. Use AI to minimise lost opportunities; 3. Guide customers more effectively; 4. Collaborate to transform experiences; 5. Improve retail perceptions.
Source: esmmagazine.com
Just Eat Takeaway swings to small 2022 core profit, sees better 2023
Just Eat Takeaway.com, Europe's largest meals delivery company, swung to a small 2022 core profit and said it was targeting 225mln euros of core profit this year. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) in 2022 stood at 19mln euros ($20.13mln), compared with a loss of 350mln euros in 2021.
Source: reuters.com
US: Tops unveils $2.5mln renovated store in Upstate New York
Tops Friendly Markets celebrated the grand reopening of its Tonawanda, New York, store following a $2.5mln renovation project. The expanded produce area features items of the season including fresh cut veggies, fruit, and trays, carefully selected, washed, cut, and prepared for quick and easy ready-to-serve convenience.
Source: progressivegrocer.com
US: Produce Wholesaler Direct is set to dominate the wholesale produce & fruit market
Produce Wholesaler Direct LLC is thrilled to announce the opening of their new produce wholesale business. Specializing in avocados, limes, coffee, cacao, and a variety of other fruits, Produce Wholesaler Direct LLC is the premier choice for quality produce in the US and abroad. "We are excited to bring our passion for high-quality produce to the Miami community", said the owner of Produce Wholesaler Direct LLC.
Source: prnewswire.com
US: Grocery Outlet: Q4 earnings snapshot
Grocery Outlet reported fourth-quarter net income of $15.9mln. The supermarket company selling discount, overstocked and closeout products posted revenue of $930.8mln in the period. For the year, the company reported profit of $65.1mln, or 65 cents per share. Revenue was reported as $3.58bln.
Source: apnews.com
US: Yesway continues expansion, achieves 435 store milestone
Yesway, one of the country's fastest-growing convenience store chains, celebrated the achievement of a major growth milestone, marked by the opening of its newest Allsup's stores in Ruidoso, New Mexico, and Abilene, Springtown, Snyder, and Whitney, Texas. In addition to opening five new stores, Yesway has acquired five existing Ranglers stores in the cities of Clifton, Hamilton, and Hico, Texas. With this latest expansion, the Yesway portfolio now includes 435 stores across nine states. The Company plans to open 28 new stores throughout 2023.
Source: prnewswire.com
Introducing Instacart Business: Taking care of business so you can take care of yours
Instacart, the leading grocery technology company in North America, announced the launch of Instacart Business, a new business-focused offering that brings the best of Instacart to businesses with features designed to help them save on costs, time, and resources.
Source: prnewswire.com
US: Target Corporation reports fourth quarter and full-year 2022 earnings
Target Corporation announced its fourth-quarter and full-year 2022 results. Q4 2022 highlights: comparable sales increased 0.7%, on top of 8.9% in Q4 2021, driven entirely by an increase in guest traffic. Full-year 2022 highlights: total revenue grew $3bln to $109bln, from $106bln in 2021. Total revenue has grown more than $30bln since 2019.
Source: prnewswire.com