US: Subway announces CEO transition
Subway announced that John Chidsey, Global Chief Executive Officer (CEO), will retire from the company at the end of 2024. Carrie Walsh, Subway's current President of Europe, Middle East and Africa (EMEA) and former Global Chief Marketing Officer (CMO), will assume the role of Interim CEO, while a search is conducted to identify John's permanent successor.
Source: prnewswire.com
Canada: Walmart expands delivery options with DoorDash
Walmart Canada has inked a nationwide partnership with DoorDash. DoorDash shoppers can now browse tens of thousands of items from the retailer, ranging from fresh produce and kitchenware to pet food and electronics.
Source: canadiangrocer.com
US: New Indie concept coming to Kansas City
Residents in the Kansas City, Missouri, area are ready to queue up at the grand opening of Red Bridge Farm Fresh Market, set to open on December 18. The store within the Red Bridge Shopping Center on the south side of town takes the place of a Sun Fresh supermarket that closed in January 2023.
Source: progressivegrocer.com
Canada: Alimentation Couche-Tard earns US$708.8mln in second quarter
Alimentation Couche-Tard says its earnings attributable to shareholders were US$708.8mln in its second quarter. That's down 13.5% from US$819.2mln a year earlier. The Laval, Quebec-based company says total revenues were US$17.4bln, up six per cent from US$16.4bln.
In other news: Couche-Tard confident in persistent but friendly approach to bid for 7-Eleven owner.
Source: thecanadianpressnews.ca
Just Eat Takeaway to withdraw from London stock exchange, citing costs
Netherlands-based food delivery company Just Eat Takeaway.com announced its plans to de-list its stock from the London stock exchange at the end of this year, the latest large company to withdraw from the bourse.
Source: reuters.com
Regional Spanish supermarkets see higher growth than mainstream players
Four regional Spanish supermarket chains - Consum, Uvesco (BM Supermercados), Gadisa, and Ahorramás - have increasingly expanded nationwide and are challenging major national retailers. Their growth rate in terms of surface area (10%) is double the industry average (5.4%), according to data from the employers' association Asedas, published by daily El Economista.
Source: esmmagazine.com
UK: Food stores drive growth at Lincolnshire Co-op
Lincolnshire Co-op saw its turnover over the year to 7 September grow by 6.1% to £375.6mln after a strong performance from its food operations. Sales at its 96 food stores increased by 8.8%, while its Gadsby's bakery business achieved growth of 6.4%.
Source: kamcity.com
FMCG spend in Portugal up 8.2% in third quarter
Spend on FMCG rose by 8.2% in Portugal in the third quarter of the year, from July to September, new data from NIQ has found. As the data showed, sales of chilled pasta rose by 18% in volume terms in the quarter, while fresh prepared vegetables were up 11.7% and freshly-prepared ready meals rose 4.5%. Other categories to see an increase included frozen ready meals, which rose 7.1%, frozen potatoes (+8.3%), frozen vegetables (+2.9%) and ice cream (+2.4%).
Source: esmmagazine.com
UK: Q Catering agrees partnership with RJ Kingsland & Son
Q Catering has partnered with fresh produce specialist RJ Kingsland & Son in a move that will see the latter move to a purpose-built temperature-controlled unit at Q's headquarters in Sittingbourne. RJ Managing director Simon Kingsland will remain in his role and the business will retain its branding and continue to serve its existing customer base as an independent fruit and vegetable wholesaler.
Source: betterwholesaling.com
Australia: Woolworths and OzHarvest celebrate 10 years of partnership with Christmas Appeal
Woolworths is proud to mark a decade of partnership with OzHarvest as it launches its annual Christmas Appeal. This year's Appeal aims to raise vital funds to help feed Australians facing food insecurity during the holiday season and beyond.
Source: woolworthsgroup.com.au
Germany: ALDI Nord to offer exclusive apple variety 'ALDIamo'
ALDI Nord is offering an exclusive apple variety - ALDIamo - developed by the Züchtungsinitiative Niederelbe (ZIN - Niederelbe Breeding Initiative) in association with the Osnabrück University of Applied Sciences. ALDI Nord will offer the 'ALDIamo' apple variant for a limited period in December 2024. It will be available as a promotional item between 2 to 7 December, priced at €1.99 per kilogram.
Source: esmmagazine.com
UK: Vegan food maker Allplants calls in administrators
Footballer backed vegan food manufacturer Allplants is seeking a rescue deal after calling in administrators. The administrators said manufacturing at Allplants' site in east London has ceased but they will carry on trading the business to run down its stock, with the help of around eight remaining staff members. They hope to find a buyer to take it on as a going concern.
Source: business-sale.com
UK: Martin Lewis issues 20-day warning to Aldi, Tesco, Sainsbury's shoppers
Martin Lewis has issued a warning over the best date to buy Christmas vegetables at supermarkets. Martin had a warning on last week's ITV show, which was a pre Christmas special, as he warned over supermarets slashing prices for the festive season. "Christmas veg, from 16 December, that's when they really start to discount it to get you in-store to go and do your Christmas shopping if you haven't done it", Mr Lewis said.
Source: birminghammail.co.uk
Japan: Fortress eyes Seven & i's supermarket operations, TV Tokyo says
Fortress Investment Group is considering buying an intermediate holding company that has the Ito-Yokado supermarket chain under its wing from Seven & i Holdings, TV Tokyo said on its website.
Source: reuters.com
Israel: Shufersal profit soars
The cutbacks by the supermarket chain's new owners the Amir brothers have paid off with a third quarter net profit of NIS 237mln. Shufersal posted a net profit in the third quarter of this year of NIS 237mln, representing a huge 374% increase over the corresponding quarter of 2023. In the first nine months of 2024, net profit totaled NIS 496mln, 175% more than in the corresponding period last year. The growth in profit is thanks to improvement in the chain's gross profit margins, and tight management of expenses.
Source: en.globes.co.il