Top 5 supermarket retail chains in Bosnia & Herzegovina
Here's an overview of the top five supermarket retail chains in Bosnia & Herzegovina, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com) 1. Bingo turnover: €618mln (2020); 2. Tropic turnover: €188mln (2021); 3. Konzum turnover: €178mln (2021); 4. Mercator turnover: €110mln (2021); 5. Amko Komerc turnover: €53mln (2020).
Source: esmmagazine.com
Australian 7-Eleven franchise puts 700-store chain up for sale
The operator of 7-Eleven convenience stores in Australia said that its board has kickstarted the process to sell its entire business. Australia's largest convenience and fuel retailer, with more than 700 stores, said the board of 7-Eleven Holdings had commenced a process to sell the business.
Source: reuters.com
UK retailers report record food inflation but see falls ahead
Food prices at British supermarkets rose 15.7% in the year to April, the biggest annual increase in records going back to 2005, but lower prices are on horizon, the British Retail Consortium (BRC) said.
Source: reuters.com
Italy: Todis exceeds €1bln in sales, opens 23 new stores in 2022
Franchise discounter Todis, owned by the Pac2000A Conad cooperative, exceeded the €1bln sales milestone in 2022, up 12% from 2021. During 2022, Todis opened 23 new stores and has plans to open 32 more this year, investing around €40mln between new stores and renovated outlets.
Source: esmmagazine.com
Finland: Does the look of carrots lead to healthier food purchases?
Can grocery store managers play the nagging mom role when it comes to eating more fruits and vegetables? Most probably would not want to be known for such tactics, but new research shows stores can get shoppers to make healthier food purchases. A recent study published in Food Quality and Preference Journal looked at the connection of well-being targets and purchasing behavior in grocery stores in Finland. Carrot symbolism was the most effective at promoting well-being foods. A basil scent had shoppers making healthier choices.
Source: supermarketnews.com
Portugal: BPI secures €100mln sustainable loan for Modelo Continente
Portuguese bank BPI (Banco Português de Investimento) has provided a sustainable loan of €100mln to Portuguese supermarket chain Modelo Continente, owned by MC, the food retail unit of conglomerate Sonae, according to media reports.
Source: esmmagazine.com
Woolworths Group posts 8% rise in sales for March quarter
Supermarket giant Woolworths Group has posted an 8% rise in sales over the three months to the end of March, reporting total sales of $16.3bln for the quarter. Additionally, the group posted a 5.1% increase in its group eCommerce sales to $1.5bln for the three-month period ending on April 2, 2023.
Source: themarketherald.com.au
India: Swiggy shuts down premium grocery service Handpicked
Food and grocery delivery platform Swiggy has closed down Handpicked, its premium grocery delivery service, just six months after rolling out a pilot for users in Bengaluru. Swiggy launched ecommerce service Maxx recently with the promise of delivery orders within an hour.
Source: yourstory.com
Ecommerce in Italy was worth 76bln euros in 2022
The total ecommerce turnover in Italy is estimated to have been worth 75.89bln euros in 2022. This is a growth of 18.6%, when compared to a year earlier. However, most of that growth was caused by price increases. These data come from the Ecommerce in Italy 2023 report from Casaleggio Associati, a digital strategy consulting business in Italy.
Source: ecommercenews.eu
UK supermarkets face calls for ‘profiteering’ investigation as inflation soars
Britain’s biggest supermarkets are facing calls for the UK’s competition watchdog to investigate claims of profiteering amid the cost of living crisis, as industry figures show food price inflation soared to a record high in April. With the rising cost of a weekly shop adding to pressure on households across the country, the Liberal Democrat leader, Ed Davey, called on the Competition and Markets Authority (CMA) to investigate whether any profiteering was taking place among supermarkets and food multinationals.
Source: theguardian.com
India: Flipkart Wholesale business woos mom-and-pop stores in tier-2 cities
The Indian retail market is ruled by kiranas or mom-and-pop stores. Flipkart Wholesale, a branch of the e-commerce giant, is targeting them with an omni-channel approach. Moreso, Flipkart wants to target the Bharat that exists beyond big metros - with focus on smaller Tier 1 and Tier 2 cities.
Source: businessinsider.in
US: Publix net earnings surge more than 100% in Q1
Employee-owned Publix Super Markets generated strong sales, as well as a significant increase in net earnings, during its first quarter. Sales for the three months ended April 1 totaled $14.3bln, a 13.5% increase from $13.2bln during the year-ago period. Publix' same-store sales for the quarter jumped 6.4%, Publix reported. Net earnings were $1.2bln during the first quarter, a 100.8% jump from $618mln during the same period in 2022.
Source: winsightgrocerybusiness.com
US: Aldi plans to open 120 stores in 2023
Aldi plans to open 120 new stores in the U.S. during 2023 and is working to have more than 2,400 locations across the country by the end of the year, the German grocer announced. The discount food retailer said it added 35 stores during the first quarter of 2023, noting that those openings attracted 5.3mln new customers as of last month. Aldi’s growth trajectory in 2023 builds on the grocer’s rapid expansion in 2022 during which it added and remodeled 139 U.S. locations against a backdrop of high inflation.
Source: grocerydive.com
Walmart opens $50M distribution centre in Atlantic Canada
Walmart has opened its first distribution centre in Atlantic Canada - a $50mln facility in Moncton, New Brunswick. The 223,000 square foot operation will distribute fresh and frozen groceries to more than 40 Walmart stores in the region.
Source: canadiangrocer.com
US: Sprouts Farmers Market, Inc. reports first quarter 2023 results
Sprouts Farmers Market, Inc. reported results for the 13-week first quarter ended April 2, 2023. First quarter highlights: net sales totaled $1.7bln; a 6% increase from the same period in 2022. Comparable store sales growth of 3.1%. Diluted earnings per share of $0.73; adjusted diluted earnings per share of $0.98; a 24% increase from the same period in 2022. Opened 8 new stores, closed 1 store, and acquired 2 previously licensed stores, resulting in 395 stores in 23 states as of April 2, 2023.
Source: globenewswire.com