Alibaba’s global online commerce arm weighs a US IPO
Alibaba Group Holding Ltd.’s international online shopping unit is exploring a US initial public offering as it weighs options to spur growth for the business that includes major e-commerce brands Lazada and AliExpress.
Source: bnnbloomberg.ca
Report: Discount grocers gain online market share in 2022
Supermarkets lost 2 percentage points of their portion of the online sales market in 2022 compared to the previous year, according to a new analysis by data research company Brick Meets Click. The report “Profiling the Online Shopper: eGrocery Purchase Patterns in the U.S.”, sponsored by digital commerce provider Mercatus, also revealed that during the same time period, the pool of digital grocery shoppers grew by 3 percentage points.
Source: winsightgrocerybusiness.com
US: Natural Grocers by Vitamin Cottage announces second quarter fiscal 2023 results
Natural Grocers by Vitamin Cottage, Inc. announced results for its second quarter of fiscal 2023 ended March 31, 2023. Highlights for second quarter fiscal 2023 compared to second quarter fiscal 2022: Net sales increased 4.2% to $283.2mln; Daily average comparable store sales increased 2.7%, and increased 7.0% on a two-year basis; Net income was $5.9mln, with diluted earnings per share of $0.26, including a $0.03 per share impairment charge related to a store closure; Adjusted EBITDA was $16.8mln; and Opened one new store, resulting in a 3.1% new store growth rate for the twelve-month period ended March 31, 2023.
Source: prnewswire.com
The biggest Amazon warehouse in New England is now open in Windsor, Connecticut
State and local elected officials gathered in Windsor to celebrate the ribbon-cutting of a new Amazon warehouse. “Thanks Amazon - I’m really glad you’re here”, Gov. Ned Lamont said at a press conference, shortly before cutting the ceremonial ribbon. The online retail giant says its 5-story, 3.8mln-square-foot “Fulfillment Center BDL4” is its largest such facility in New England.
Source: ctpublic.org
US: Salad chain Sweetgreen reports narrowing losses as it aims for profitability
Sweetgreen reported a narrower-than-expected loss for its first quarter. Sweetgreen is aiming to be profitable by 2024. The salad chain’s traffic increased 2% during the quarter, helping boost same-store sales by 5%.
Source: cnbc.com
Peruvian cuisine gains popularity in European markets
The popularity of Peruvian food exports is rapidly increasing in the European market due to the country's diverse culinary scene and commitment to sustainability. The exporters also offer unique fruits like lucuma or passion fruit pulp, and organic coffee beans. For more information, visit Import food from Peru to Europe | B2B (perufoodsb2b.com). Products from Peru will be showcased at PLMA, Amsterdam, at the Peruvian Pavilion (Hall 5, Booth No. 5.S02/S08) from 23 to 24 May.
Source: esmmagazine.com
Japan: 7-Eleven spin-off would jeopardise growth, CEO says, pushing back at ValueAct
A spin-off of 7-Eleven would jeopardise the convenience store chain's future growth by cutting it off from its parent's strength in the food business, the chief executive of Japan's Seven & i Holdings Co Ltd told Reuters.
Source: reuters.com
Spanish retailer Consum sees full-year revenue up 14.4%
Spanish cooperative retailer Consum has reported a 14.4% increase in revenue, to €3.86bln, in its 2022 financial year, although profit was down. Profit for the year stood at €57.7mln, a 15% reduction on the previous year, due to a reduction in margins as the retailer sought to contain price rises.
Source: esmmagazine.com
Ireland: ALDI Cabra store opens with the creation of 30 new local jobs
ALDI’s nationwide expansion continues with the opening of its new store in Cabra, Co. Dublin, creating 30 new permanent jobs in the local area. Jamie Stephens, ALDI Cabra Store Manager said: "Households and families in Cabra and the surrounding areas can now shop at their local ALDI and enjoy our range of great quality fresh produce, Irish ingredients and household products, all at affordable prices."
Source: aldipresscentre.ie
Getir now manages the Gorillas app
Getir is the new manager of the Gorillas app. Users of the app were notified that their customer data will be transferred to the new owner from Turkey. Anyone who does not want this can object. “Gorillas is now managed by Getir!” is the message to customers in the app.
Source: ecommercenews.eu
UK: Asparagus flying off shelves ahead of Coronation
Asparagus is flying off the shelves ahead of the King's coronation this weekend, according to one regional trader. Tom Campbell, who owns Wayside Farm Shop & Cafe in the Vale of Evesham, is experiencing record sales with people driving from Swindon, Bristol, and the North of England to get their bunches.
Source: gloucestershirelive.co.uk
Aldi targets 50 store openings in Spain this year
Discounter Aldi has opened ten new stores in Spain since the start of the year, with two new openings planned in May, in Madrid and the Balearic Islands. During 2023, Aldi Spain, which is part of Aldi Nord, plans to open close to 50 new stores nationwide, including its entry into Melilla for the first time, as well as new openings in Galicia, the Balearic Islands, the Canary Islands and Asturias.
Source: esmmagazine.com
UK: Farm shops set to benefit from further fruit and vegetable shortages
As a result of shortages of cucumbers, tomatoes and peppers during March, farm shops and markets saw a much-needed boost in demand and footfall. With further shortages on the way, farm shops are set to see the same uplift in the coming weeks. Emma Mosey, owner of Yolk Farm and chair of the Farm Retail Association, explained: “As happened previously, the shortages in supermarkets will hopefully drive shoppers to look for fresh, local produce at farm shops and farmers’ markets. We are uniquely positioned to ensure that shelves are full, as many farm retailers grow their own produce, and when sourcing from overseas, we are willing to pay higher prices than the supermarkets for better quality produce.”
Source: specialityfoodmagazine.com
UK: Aldi named cheapest supermarket for eleventh month in a rowLatest research from consumer group Which? has found Aldi to be the cheapest UK supermarket for the eleventh consecutive month. A basket of shopping at Aldi is over £8 cheaper than Tesco. Shoppers can save a significant £17.34 compared to the most expensive supermarket, for the same basket of items.
Source: aldipresscentre.co.uk