Imports expected to remain below 2022 most of this year
Import cargo volume at the nation’s major container ports is climbing back from a nearly three-year low in February but is expected to remain well below last year’s levels heading into this fall, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.
Source: nrf.com
US: The Giant Co. to open 1st store in Jenkintown, Pennsylvania
The Giant Co. is pushing its presence even further in the Philadelphia area. The Carlisle, Pennsylvania-based grocery retailer announced plans for its first store in Jenkintown, which is located 10 miles north of Philadelphia and is in Montgomery County. The new store will bring over 100 jobs to the area.
Source: winsightgrocerybusiness.com
Canada: Longo's names Deborah Craven president
Longo’s has appointed Deborah Craven as its new president as chief executive Anthony Longo shifts focus. Craven - the first woman to be tapped for the role at the grocer - will be responsible for leading the company's day-to-day business and ongoing growth strategy, while overseeing its almost 6,000 employees across 37 locations.
Source: canadiangrocer.com
US: Weis Markets reports first quarter 2023 results
Weis Markets, Inc. reported its financial results for the 13-week first quarter ended April 1, 2023. Net sales totaled $1.14bln for the 13-week first quarter ended April 1, 2023, compared to $1.10bln for the 13-week first quarter ended March 26, 2022, up 3.7%. First quarter comparable store sales increased 3.1% on an individual year-over-year basis and increased 12.5% on a two-year stacked basis.
Source: prnewswire.com
Giant Food supports local farmers with $100,370 donation to the American Farmland Trust's Brighter Future Fund
Giant Food, the leading greater Washington, D.C. regional grocery chain, announced a donation of $100,370 that will support local farmers located throughout the greater Washington, D.C., Maryland and Virginia region through a partnership with the American Farmland Trust's (AFT) Brighter Future Fund.
Source: prnewswire.com
UFCW International voices formal opposition to Kroger-Albertsons merger
It’s official: United Food and Commercial Workers International, the nation’s largest grocery retail union, opposes the Kroger-Albertsons supermarket mega-merger.
Source: winsightgrocerybusiness.com
US: Food Lion unveils remodel of nearly 30 Wilmington-area stores; Invests in local Food Bank to nourish neighbors
With a capital investment exceeding $50mln, Food Lion is unveiling remodeled stores in Wilmington, North Carolina, that feature a new, easier shopping experience for customers. On May 10, Food Lion will hold ribbon-cutting events in the Wilmington area at 24 stores, with five more to follow soon. While renovating and refreshing its look, the redesign reflects Food Lion’s continued commitment to the towns and cities it serves, providing an easy, fresh and affordable shopping experience.
Source: globenewswire.com
US: Kroger cooks up Mother's Day brunch for less than $2 per serving
The Kroger Co. shared a delectable brunch to celebrate Mother's Day complete with dessert and mimosas all under $2 per serving: Main course - La Terra Fina Classic Lorraine Quiche and Fresh Atlantic Salmon fillet; On the side - Private Selection All Butter Croissants, Private Selection breakfast sausage, fresh watermelon and Kroger Sweet Kale Chopped Salad Kit BIG deal!; A truly scrumptious dessert - Private Selection Cheesecake topped with fresh blueberries; To drink - Kroger Orange Juice and Ogio Prosecco; For Mom - Bloom Haus Bouquet.
Source: prnewswire.com
US: Lidl will open second grocery store in Manhattan
MAG Partners and Lidl U.S. announced a lease for an approximately 23,000-square-foot grocery store at 335 Eighth Avenue, a mixed-income apartment building being developed within the Penn South campus, an affordable housing cooperative located in the Chelsea community of Manhattan, New York.
Source: supermarketnews.com
South Korean food companies target rapidly growing global alternative food ingredient market
Shinsegae Food, the food-making wing of South Korea's retail giant Shinsegae, plans to make an extra investment of $4mln into Better Foods, an American subsidiary, in 2023 to capture more customers in the United States. The company also filed a copyright patent for "Protein King" as a preparation for a vegetable-based protein product brand.
Source: ajudaily.com
Belgium: Colruyt Ledeberg reopens on 10 May
The Colruyt store in Ledeberg has been completely renewed, making it even easier for customers to do their shopping at the lowest prices. Customers will find a wide selection of fresh products, fruits and vegetables in the fresh market.
Source: press.colruytgroup.com
Top 5 supermarket retail chains in Estonia
Here's an overview of the top five supermarket retail chains in Estonia, according to their most recently-available full-year turnover. All data is supplied by Retail-Index (www.retail-index.com) 1. Selver turnover: €575mln (2021); 2. Maxima turnover: €520mln (2021); 3. Coop turnover: €448mln (2021); 4. Rimi turnover: €409mln (2021); 5. Prisma Peremarket (S Group) turnover: €189mln (2021).
Source: esmmagazine.com
Malaysia: PE firms approached as potential buyers for My Hero chain of stores
MY Hero Hypermarket Sdn Bhd, the operator of the HeroMarket grocery chain and Hero Save Mart stores, have approached private equity (PE) firms including Navis and Intermediate Capital Group (ICG) with a view to selling the chain for some US$100mln (RM445mln), sources say.
Source: theedgemarkets.com
Belgium: Hypermodern Lidl distribution center next to E313 in Herentals should create 230 jobsHeat21 and Lidl want to use the former Henrad site next to the E313 in Herentals to build the sixth distribution center of the German supermarket chain in Belgium. The application for this has been made. The site would create 230 jobs. In the distribution center, Lidl stores fresh food such as meat, dairy products, vegetables and fruit in large cold stores, in addition to food, non-food and other products that do not require refrigeration.
Source: nieuwsblad.be
South Korean e-grocery platform Kurly raises $91mln from existing investors Aspex, Anchor
Kurly, the operator of South Korean e-grocery platform Market Kurly, has raised 120bln won (about $91mln) from existing investors, four months after it abandoned its planned initial public offering (IPO). In its filings, the South Korean startup said it issued a total of 1.81mln shares to existing investors Anchor Equity Partners and Aspex Management at 66,148 won apiece.
Source: dealstreetasia.com
UK sales growth holds steady in April, retailers hope for better summer
British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying summer clothes, a British Retail Consortium survey showed.
Source: reuters.com