Kroger named one of America's Most Trustworthy Companies
The Kroger Co., America's grocer, announced it has been recognized by Newsweek as one of "America's Most Trustworthy Companies" for 2023, earning the distinction for the second consecutive year. The award recognizes companies across three main public pillars of trust - customer trust, investor trust and associate trust.
Source: prnewswire.com
US: E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale
Boxed Inc filed for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said, adding that it will also wind down its retail operations in the coming weeks.
Source: reuters.com
US: Albertsons Companies forges new partnerships to expand access to nutritious food and life-improving medicine available through supplemental health benefits
Albertsons Companies, Inc. announced that it has partnered with global financial services technology leader FIS, which represents supplemental health benefits administrators including Fresh Connect, PayForward and WEX™ that utilize its technology payment platform. Additionally, Albertsons Cos. is entering into a partnership to accept benefit cards from Soda Health, which works to improve health equity by tailoring benefits based on individual needs.
Source: businesswire.com
Amazon must face California lawsuit claiming its prices are too high, judge says
A judge has rejected Amazon.com Inc's bid to dismiss California's antitrust lawsuit accusing the online retailer of illegally forcing merchants to accept policies that cause consumers to pay artificially high prices.
Source: reuters.com
Top 10 supermarket retail chains in Germany
Here's an overview of the top ten supermarket retail chains in Germany, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com) 1. Edeka turnover: €62.7bln (2021); 2. Lidl & Kaufland turnover: €48.4bln (2021); 3. REWE turnover: €33.94bln (estimated, 2021); 4. Aldi turnover: €30.25bln (2021); 5. Lekkerland turnover: €8.2bln (2020); 6. Bela turnover: €5.1bln (2021); 7. Metro Cash & Carry turnover: €4.7bln (2021); 8. Norma turnover: €4bln (estimated, 2021); 9. Globus turnover: €1.97bln (estimated, 2020); 10. Bünting turnover: €1.71bln (2021).
Source: esmmagazine.com
UK: Amazon workers in Coventry announce six new strike datesWorkers at Amazon’s Coventry warehouse have announced six fresh strike dates, as the GMB union prepares to test support for stoppages among staff at another five of the delivery company’s sites.
Source: theguardian.com
Montenegro kicks off ‘stop-inflation’ campaign
Montenegro’s government, in cooperation with a number of retail chains, has launched the ‘Stop Inflation’ campaign, proposing lower prices for a basket of at least 25 essential products. Products included in the basket include eggs, chicken, cheese, milk, yogurt, potatoes, dried meat products, chocolate, coffee, as well as selected hygiene products.
Source: esmmagazine.com
India: Instamart head Karthik Gurumurthy steps down, Swiggy co-founder to take over
Online grocery quick delivery platform Instamart’s head Karthik Gurumurthy announced that he is stepping down from the position and going on a sabbatical. He will be replaced by Phani Kishan Addepalli, the co-founder of online food delivery platform Swiggy, the parent company of Instamart.
Source: indianexpress.com
Germany: Aldi Süd says organic offering comprises 15% of its standard range
Aldi Süd has announced that its organic offering now accounts for 15% of the standard range and it will continue to expand its organic range. The German discounter claims to be the number-one organic retailer in its sales territory.
Source: esmmagazine.com
China: Alibaba overhaul leaves fate of prized cloud unit up in the air
Alibaba's six-way breakup plan has raised questions about the long-term shape of its profitable cloud unit, given that it will have to tackle heavy regulatory scrutiny at a time when competition is intensifying both in China and abroad.
Source: reuters.com
Belgium: “Several” acquisition candidates for almost all Delhaize branches
Delhaize‘s search for candidates to acquire its 128 integrated supermarkets, is going very well: all stores have found at least one takeover candidate. For three quarters of the shops, there would even be several potential buyers.
Source: retaildetail.eu
Finland: S Group increases market share in 'challenging' year
S Group increased its market share to 47.0% last year, a 0.9% increase, according to Nielsen data, despite what the company said was a 'challenging year'. The group reported a 5.7% increase in sales during 2022, with its Prisma retail banner seeing the strongest growth, of 7.6%.
Source: esmmagazine.com
Holland: Blokker and Ochama exceed collaboration ambitions
Blokker, a leading Dutch retail chain, and Ochama, a global innovator in omnichannel retail, announced the two companies are expanding their collaboration while marking a major milestone with the opening of the 200th Ochama x Blokker pick-up point at Blokker stores.
Source: jdcorporateblog.com
UK: Aldi named 'Grocer of the Year' at prestigious Retail Week Awards
Aldi has been officially named Grocer of the Year at the Retail Week Awards 2023. Following record growth - Aldi now has a 9.9% market share according to the latest Kantar figures - the nation’s cheapest supermarket beat its more expensive rivals Tesco, Sainsbury’s and Ocado to take the home the big award of the night, ‘Grocer of the Year’.
Source: aldipresscentre.co.uk
South Africa: Pick n Pay reduces food waste by nearly a third with the help of new technologies
In the past four years, the retailer has reduced the volume of food waste in its operations by nearly 30% (28%) as it works towards its target of 50% by 2030. It has also successfully donated over 880 tonnes of edible surplus food to FoodForward SA, valued at over R35mln.
Source: picknpayinvestor.co.za