Marie Nygren steps down as CEO of Coop Sweden
Marie Nygren has announced that she is to step down from her role of chief executive of Coop Sweden in November. Nygren joined the group in 2019 as CEO of Kooperativa förbundet, KF and chairman of CSAB, before becoming CEO of Coop Sverige AB in 2021.
Source: esmmagazine.com
Bangladesh: Fresh produce from farmers at lower prices available at Shwapno outlets
Consumers often face higher prices for vegetables due to various factors along the supply chain from farmers to buyers. To address this issue, Shwapno, the largest retail chain in Bangladesh, has decided to purchase vegetables directly from farmers and offer them to consumers at more affordable prices. Shwapno authorities have stated that they are sourcing products directly from farmers in areas such as Manikganj and Bogura. Vegetables including eggplants, green papayas, bottle gourds, pointed gourds, okras, and cucumbers will be available at Shwapno outlets at prices significantly lower than the open market on Friday and Saturday (October 18 and 19).
Source: tbsnews.net
Belgium: Aldi opens store with new concept near Brussels
Aldi has opened a new store, featuring its new concept, in Braine-l'Alleud near Brussels. The city in Walloon Brabant was one of the last major municipalities in Belgium where the discounter was not yet active. The store measures 1,050 sqm, with a parking garage in the basement, and features the new Aldi lay-out with a focus on fresh products near the entrance.
Source: retaildetail.eu
'Great news for online retailers in the United Kingdom'
Spending at major British online retailers was 3.2% higher in September than in the same month last year. This marks the first growth since April 2021. After nearly 3.5 years, a turning point has been reached, just as in other European countries. British online spending saw significant growth in the first two weeks of September, according to the IMRG Online Retail Index, which tracks the online sales performance of 220 big market players. It is the first growth in 41 months.
Source: ecommercenews.eu
Poland's top supermarket chain fined millions for unfair practices
Poland's largest discount supermarket chain Biedronka has been fined €117.2mln by a regional court for demanding unfair discounts from grocery suppliers. Poland's antitrust and consumer protection regulator (UOKiK) said that the court agreed with the watchdog, which in December 2020 imposed a fine of over 723mln zloty (€167.5mln) on Portugal's Jeronimo Martins Group, the owner of Biedronka, for allegedly making unfair profits at the expense of food suppliers.
Source: tvpworld.com
McDonald's serving tomato-less burgers after heat wave decimates crops
McDonald's Korea announced that it would remove tomato from some of its hamburger lineups - compensating impacted consumers with a free drink coupon - after having difficulty securing the vegetable. Some Lotteria branches have begun mixing cabbage and lettuce into their burgers for the same reason.
Source: koreajoongangdaily.joins.com
South Africa's Pick n Pay sees wider H1 headline loss
South African grocery retailer Pick n Pay forecast a wider half-year headline loss, but said it expects its full-year result before tax and capital items to show a meaningful improvement on the prior year. The company did not indicate whether it expected a profit or a loss for the full year. In the 26 weeks to August 25, the country's third biggest grocery retailer said it expects its comparable headline loss of between 142.84 cents and 131.85 cents per share, compared with an adjusted loss of 109.88 cents in the prior year.
Source: reuters.com
EuroCommerce calls for enforcement of rules on third-country marketplaces
EuroCommerce, which represents the retail and wholesale sector in Europe, has called for 'more effective and efficient enforcement of EU rules' to ensure that the products available to shoppers in Europe are safe, not misleading, and in compliance with all EU rules.
Source: esmmagazine.com
Poland's Zabka climbs as much as 9% in Warsaw IPO
Shares in Polish convenience store group Zabka rose as much as 9% following their stock market debut in Warsaw. The company priced its initial public offering at 21.50 zlotys per share, valuing the offer at 6.45bln zlotys ($1.62bln).
Source: reuters.com
GrubMarket CEO Mike Xu recognized among the Most Exceptional Entrepreneurs at the Goldman Sachs 2024 Builders and Innovators Summit
GrubMarket is proud to announce that its CEO and Founder, Mike Xu, has been recognized by Goldman Sachs as one of the Most Exceptional Entrepreneurs of 2024. Xu received this prestigious recognition at Goldman Sachs' annual Builders and Innovators Summit in Healdsburg, California, which honors visionary entrepreneurs who are making a significant impact on their industries.
Source: prnewswire.com
US fund Artisan urges Seven & i to allow due diligence on Couche-Tard's $47bln buyout offer
U.S. fund Artisan Partners urged the board of Seven & i Holdings to allow Canada's Alimentation Couche-Tard (ACT) to conduct due diligence and negotiate a purchase price after its $47bln bid to take over the Japanese retail company.
Source: reuters.com
US: Bayer and Dollar General promote access to fruits and vegetables
Bayer and Dollar General are again partnering to improve access to fresh produce for K-12 students and their families. The partnership, which coincides with National School Lunch Week October 14-18, provides students with coupons for fresh produce, nutritional supplements like vitamins and over the counter medications, helping make nutritious options more affordable to families outside of school. Inci Dannenberg , Head of Bayer's Vegetables business: "School lunch programs do a great job of providing students with nutritious meals, but it's important we find a way to also help ensure they have access to nutrition at home. This partnership with Dollar General underscores our commitment to Health for All, Hunger for None as we work to continue to increase access to fruits and vegetables around the globe".
Source: bayer.com
US: Gelson's opens premium convenience store concept
ReCharge by Gelson's is located at 1008 E. 17th St. in Santa Ana and caters to both on-the-go commuters and neighborhood locals. The store sells a curated selection of ready-made meals, including sushi, sandwiches, wraps, salads, cheese and charcuterie plates, as well as coffee, cold drinks, snacks, fresh fruit, dairy and frozen items, and more.
Source: progressivegrocer.com
Brazil's Assai cuts estimate for 2025 new store openings
Brazilian food retailer Assai said it now forecasts it will open some 10 new stores next year, half the prior estimate of about 20, according to a securities filing.
Source: reuters.com
US: Northeast Shared Services partners with FarmOn! to celebrate the Big Apple Crunch!
Northeast Grocery Inc. (NGI), parent company of Price Chopper/Market 32 and Tops Friendly Markets (Tops), is pleased to take part in the 12th annual Big Apple Crunch event. FarmOn! is collaborating with local schools across New York State to offer a chance to win a $1,000 scholarship for a Victory Garden, and Price Chopper/Market 32 and Tops are proud to support this initiative with their own Crunch event.
Source: topsmarkets.com
US: Whole Foods Market identifies 10 trends worth watching
According to the Whole Foods' Trends Council comprised of 50 team members, the top 10 trends span foods, beverages and ingredients likely to influence shoppers in the coming year. The team also took the time this year for a little broader view of the market.
Source: progressivegrocer.com