Griffith Foods' 2024 report predicts veg-forward revolution in North American retail & Foodservice
Griffith Foods has released its 2024 Food & Flavor Outlook, showcasing the continued rise of vegetables and plant-based foods across North American grocery stores and restaurants. The report reveals significant consumer preferences and trends shaping the food industry, reinforcing the importance of health and sustainability in food choices.
Source: Vegcomonist
T&T Supermarkets doubles down on Washington, announcing a second store for the state
T&T Supermarket Inc., the largest Asian grocery retailer in Canada, has announced plans for a second location in Washington State. Located at the Lynnwood Crossroads Shopping Center, 6218 196th Street SW, T&T has chosen one of the busiest intersections in the area.
Source: prnewswire.com
SpartanNash posts Q1 profit gains, but sales slide 3.5%
SpartanNash said its profitability improved in the first quarter, despite pressures on sales in both its retail and wholesale segments. Year-over-year net income was up 14.4% to $12.97 million in the 16-week first quarter, which ended April 20, compared with year-ago results. The company attributed the gains in profitability to a higher gross profit rate
Source: Supermarketnews
Walmart says some U.S. customers were overcharged due to technical issue
Walmart said Wednesday that a technical issue in mid-March resulted in the retailer overcharging customers at some stores in the United States, according to reporting from Bloomberg News. Walmart suffered a technical glitch on March 19 that kept price data from accurately being received by self-checkout kiosks at 1,600 stores, Bloomberg reported.
Source: Supermarketnews
Walmart, Target, Amazon Fresh lowering grocery prices
Target, Walmart, and Amazon Fresh are the latest grocery chains in the U.S. to lower prices, after Southeastern Grocers and Giant Food announced initiatives to lower prices this spring. Walmart said it rolled back prices on nearly 7,000 items in its stores. "Our combination of everyday low prices, plus a large number of rollbacks, is resonating," Walmart CEO Doug McMillon said on the company's Q1 2024 earnings call, according to CNN. While food price inflation has declined since last year, Walmart US President and CEO John Furner acknowledged years of rising prices are taking a toll on U.S. consumers, as well as the company's bottom line.
Source: Seafoodsource
France: Les Mousquetaires to invest €240mln in Portugal by 2029
French retail group Les Mousquetaires, which operates the Intermarché, Bricomarché, and Roady banners, has ambitious plans for its Portuguese operations, according to reports. The French retailer is planning to invest €240mln by 2029 and create 3,000 new jobs, the chief executive of its Portuguese unit, Os Mosqueteiros, Pedro Subtil, told daily newspaper Jornal de Negocios.
Source: esmmagazine.com
New Zealand: PAK'nSAVE awarded most trusted supermarket for 13th year in a row
PAK'nSAVE has been named the country's most trusted supermarket for the 13th year in a row, in the latest Reader's Digest New Zealand Trusted Brands survey.
Source: foodstuffs.co.nz
Ireland: Dunnes Stores, Tesco Ireland and Aldi Ireland tap Kwayga retail technology to combat cost of living crisis
Dunnes Stores, Tesco Ireland and Aldi Ireland are partnering with Kwayga, a B2B supplier sourcing engine in the food and drink sector, to employ AI driven strategies enabling the accessibility of good quality products at sustainable prices.
Source: retailtechinnovationhub.com
Poland: Żabka to open over 140 seasonal stores this summer
Polish retailer Żabka plans to open more than 140 seasonal stores this summer as it seeks to offer a better customer experience. Żabka will launch nearly 30 seasonal container stores and 116 seasonal stationary outlets in 2024, the company said in a statement.
Source: esmmagazine.com
Germany: Over 50% of German online sales via marketplaces
Last year, more than half of all online sales in Germany were generated on marketplaces. Additionally, 55% of online sales in that country were carried out on smartphones. This corresponds to almost 47bln euros in sales. These data come from the Online Monitor 2024, a report from Handelsverband Deutschland (HDE).
Source: ecommercenews.eu
Peru: BranchOut Food secures large scale production facility in Peru capable of $40mln in production capacity
BranchOut Food Inc., a food technology company and producer of dehydrated fruit and vegetable-based products, announced that it has signed a long term lease for a 50,000 square foot production facility in Peru. Under the terms of the agreement, BranchOut Food has the first right to purchase the facility at a fixed price at any point during the 10-year term.
Source: globenewswire.com
UK: Aldi supermarket workers set for second pay rise in a year
The supermarket chain's latest pay increases, announced in March, will see the hourly rate of Store Assistants nationally rise from £12.00 to £12.40, and from £13.55 to £13.65 for those within the M25. It is the second pay increase for Aldi store colleagues this year and takes the supermarket's investment in pay this year to £79m.
Source: Echo news