Isle of Man: Tesco reopens final former Shoprite store
The last of nine new Tesco stores is set to open on the Isle of Man following the supermarket chain's takeover of Shoprite. The new Express store on Victoria Road replaces the Winerite Neighbourhood Food Store on the site.
Source: bbc.com
France: Carrefour posts 'solid' FY 2024 performance, core countries drive growth
French retailer Carrefour has posted solid results for its financial year 2024, driven by profitability in core countries. Carrefour reported full-year sales growth of 9.9% on a like-for-like basis to €94.6bln, while adjusted EBITDA grew by 1.7% to €4.6bln.
Source: esmmagazine.com
METRO CEO Greubel presents progress of sCore strategy; new and confirmed mandates on the Supervisory Board
METRO AG CEO Dr Steffen Greubel presented progress after three years of sCore strategy implementation. Shareholders elect Martin Plavec as a new member of the Supervisory Board and re-elect Eva-Lotta Sjöstedt and Marek Spurný as proposed. Roman Šilha elected as new Chairman of the Supervisory Board; thanks to Jürgen Steinemann for many years of commitment.
Source: newsroom.metroag.de
Singapore: Grab reports fourth quarter and full year 2024 results
Grab Holdings Limited announced unaudited financial results for the fourth quarter and full year ended December 31, 2024. Q4 2024 revenue grew 17% year-over-year ("YoY"), or 15% on a constant currency basis to $764mln. Q4 2024 on-demand GMV grew 20% YoY, or 19% on a constant currency basis to $5.0bln. Q4 2024 profit for the quarter was $11mln. Q4 2024 adjusted EBITDA improved by $61mln YoY to an all-time high of $97mln. Operating cash flow of $852mln and adjusted free cash flow of $136mln for the full year.
Source: grab.com
UK: Tesco fixes website glitch that affected hundreds of shoppers
Tesco has fixed a problem which forced the supermarket chain to apologise after hundreds of shoppers reported issues with placing online grocery orders. In some cases, Tesco customers were reporting 20 or more items in the online shop being affected.
Source: theguardian.com
Israel: Competition watchdog indicts three supermarket chains for price fixing
Israel's competition watchdog filed indictments against CEOs, senior executives and owners of supermarket chains Victory, Yochananof and Super Bareket, charging them with price fixing and engaging in cartel behavior. The Israel Competition Authority issued indictments against Victory owner and CEO Eyal Ravid, Yochananof owner and CEO Eitan Yochananof and deputy CEO Elad Harazi, and Super Bareket CEO Ephraim Tshuva. The indictments were filed to the Lod central district court.
Source: timesofisrael.com
Carrefour Belgium returns to profitIn the fourth quarter of 2024, Carrefour Belgium posted sales of 1.22bln euros, representing a comparable sales decline of 0.3% from a year earlier. November (+0.4%) and December (+1.1%) showed improvement. For the full year, the food retailer posted sales of 4.53bln, down 1.6% compared to the strong 2023, when Carrefour posted 9% growth as it was able to benefit from the social unrest at Delhaize.
Source: retaildetail.eu
UK: Lidl becomes first supermarket to open TikTok Shop
Lidl is making waves in the UK with an exclusive offer on TikTok. It is the first British supermarket chain to use the social media platform as a sales channel, launching a special promotion for sports and fitness enthusiasts.
Source: retaildetail.eu
US: Sullivan's Grocery breaks ground on Mississippi store
Sullivan's Grocery, which operates nine supermarkets in the South, is widening its footprint. This week, the independent, family-run grocer held a groundbreaking ceremony for its 10th location in Brandon, Mississippi.
Source: progressivegrocer.com
US: Sprouts goes all in on organic produce merchandising
Sprouts Farmers Market is betting on the organic produce consumer. The Phoenix-based chain of more than 430 stores in 24 states, which specializes in fresh, natural, and organic food, has had three consecutive years of double-digit organic produce growth and expects that trend to continue because of its wellness-oriented customer base, said Daniel Spivey, director of fruit for produce.
Source: supermarketnews.com
Ahold Delhaize USA renews emphasis on data-driven growth supported by advanced analytics tools from Circana
Ahold Delhaize USA has reaffirmed its commitment to data-driven growth by renewing its strategic partnership with Circana, LLC. This renewal strengthens the collaboration between the leading grocery retail group and Circana, ensuring continued access to advanced analytic tools that drive innovation and foster deeper collaboration with consumer packaged goods (CPG) companies.
Source: globenewswire.com
Canada: Loblaw to invest $10bln in store network and supply chain by 2030
Loblaw Cos. Ltd. plans to spend more than $10bln over the next five years to grow its store network and modernize its supply chain. That investment includes $2.2bln this year to open 80 new stores under the No Frills, Maxi, Shoppers Drug Mart, Pharmaprix and T&T banners.
Source: canadiangrocer.com
US: In the produce aisle, supermarkets' dollar share is shrinking
The base of shoppers who visit traditional grocery stores for fruits and vegetables is gradually eroding. Grocery stores' share of total produce dollar sales fell from 42.9% in 2020 to 41.1% in 2023, reported the Power of Produce 2024 report, published by Arlington, Virginia-based FMI - The Food Industry Association.
Source: supermarketnews.com
Serve Robotics makes Miami Metro move as company offers autonomous delivery for Shake Shack and Mister O1
Autonomous sidewalk delivery company Serve Robotics has announced the launch of its service in the Miami metro area, alongside the expansion of its existing partnership with Shake Shack and new tie up with Mister O1 Extraordinary Pizza. Customers who order from select Shake Shack and Mister O1 locations in the Brickell and Miami Beach neighbourhoods with Uber Eats can receive their next order via Serve's autonomous robots.
Source: retailtechinnovationhub.com