British supermarket Morrisons warns of Ukraine crisis and inflation
Morrisons, Britain’s 4th largest grocer and a major food producer, has warned its sales and core profit for the year could be hit by the Ukraine crisis and rising inflation unless conditions improve . The supermarket group said the Russian-Ukrainian conflict and rising inflation had impacted consumer spending, and therefore the group’s core sales and profits, since early February. Morrisons reported adjusted core profit of 941 million pounds ($1.23 billion) for the year to January 30, 2022.
Austria: Lidl sees growth in net sales and market share in fiscal year 2021
Lidl Austria reported net sales growth of 2% to around €1.5 billion in its fiscal year 2021, with organic sales increasing by 20%. The company also saw slight market share growth during this period, which saw the company invest €100 million in modernization, new buildings and expansion projects.
Dubai’s GMG to operate French supermarket chain Géant in UAE
Dubai retailer GMG said it had acquired the business of French supermarket chain Géant in the United Arab Emirates from a company owned by Dubai Holding, from Dubai ruler Sheikh Mohammed bin Rashid al-Maktoum. GMG said it also acquired the rights to expand Géant’s operations in the Middle East as part of the deal from Urban Foods, a grocery and household retail supermarket and hypermarket business.
Germany: REWE Group continues to grow by around 2 billion euros
The REWE Group successfully concluded the 2021 financial year with a strong increase in turnover of around 2 billion euros, again demonstrating its performance strength in the difficult environment caused by the coronavirus pandemic. Total external revenue from continuing operations increased by 2.5%, from €74.6 billion to €76.5 billion.
UK: Aldi predicts fruit bouquets will be the big trend this summer
Aldi is championing the fruit bouquet trend as the summer’s dinner sensation. Using an arrangement of whole and cut fruit to resemble a bouquet of flowers – this trend is becoming a viral sensation, taking over TikTok with 30.4 million video views and counting. The supermarket has teamed up with fruit bouquet specialist Alice Ostan to create a step-by-step guide to help shoppers impress customers with their own fruit bouquet creation this summer.
Danish Dagrofa returns to profit after 8 years
Danish retailer Dagrofa announced that the company returned to profit in 2021 after 8 years of losses. The company attributed its performance to 3 years of effort on its #StærkereSammen (StrongerTogether) strategy. The profit for the financial year 2021 amounted to DKK 57 million (7.66 million euros), compared to a loss of DKK 96 million (12.9 million euros) in 2020.
Delek Israel proposes merger with retailer Shufersal
Delek Israel said he had offered to merge with the country’s largest supermarket chain, Shufersal, and buy additional shares that could give him a nearly 20% stake in Shufersal.
Deliveroo and Waitrose expand partnership nationwide
Waitrose and Deliveroo have announced they are expanding their partnership to meet strong customer demand for grocery delivery by adding over 70 new Waitrose locations by summer. Top-selling items include avocados, blueberries, sourdough bread, and milk.
Australia: Hundreds of new jobs created as Woolworths Group opens $184m Heathwood distribution center
Woolworths has unveiled its new state-of-the-art Heathwood (DC) distribution centre, 20km south-west of Brisbane’s CBD. The 42,000m² temperature-controlled facility – equivalent in size to 3 Suncorp Stadium playing fields – will complement the Woolworths Group’s current Queensland network, serving 280 Queensland and North NSW Woolworths stores with deliveries over faster, fresher and more efficient chilled and frozen products.
FairPrice and Coles Announce Partnership and Expand Grocery Range in Singapore
NTUC FairPrice (FairPrice) announced a new partnership with Coles Group (Coles), a leading Australian retailer. This is the Australian retailer’s first partnership in Singapore and would bring a host of exclusive products to FairPrice.
UK: ‘Grow with Aldi’ supplier competition to become a TV series
Aldi unveiled its “Growing with Aldi” supplier competition will be televised as a Channel 4 reality series, later this year. “Grow With Aldi” is set to become a 6-part series, each lasting an hour. Each episode will feature a winner, who will be awarded a contract to provide discount retailer stores.
Australian Wesfarmers sells minority stake in Coles Group
Australian retail conglomerate Wesfarmers Ltd said it sold a 2.1% stake in supermarket chain Coles Group, but did not disclose the full value of the sale.
Mercadona plans 10 store openings in Portugal for 2022
Spanish retailer mercadona opened the 1st of 10 new supermarkets planned in Portugal this year. The store, in Guimarães, is Mercadona’s 30th in Portugal and 2nd in the northern city, with the Spanish retailer having opened its 1st store there in June 2021.
The German distributor Lidl creates its own shipping line
Lidl, part of the Schwarz Group and one of the world’s largest retailers, has set up its own container shipping company in a bid to tackle supply chain challenges, reduce delivery delays of its products and to avoid high freight rates. According to registration information with the European Trademark Office, the name of Lidl’s new shipping company is Tailwind Shipping Lines.
New Zealand: super growth for Supie
Online supermarket Supie has gone from strength to strength in the 9 months since its launch and has even bigger plans for the future. Sarah Balle, who founded the company, grew up on a vegetable growing property in Pukekohe and saw firsthand the amount of waste caused by the long supply chain from supplier to end customer. Not only do the products of many fruit and vegetable producers not meet supermarket standards, even if they did, but they make small margins.
United States: Publix prepares a 5 for 1 stock split
Publix Super Markets plans to adopt a 5-for-1 stock split that will increase its number of authorized common shares from 1 billion to 4 billion. Publix said its board of directors approved the stock split effective after the close of business on April 14. For each share held, shareholders will receive 4 additional shares.
United States: eGrowcery partners with DoorDash to enable direct delivery to grocers
E-commerce platform eGrowcery and Door Dash have partnered to provide on-demand delivery to food retailers while putting control and data ownership back in the hands of the retailer, Ann Arbor-based eGrowcery said. in Michigan. By using DoorDash Drive — DoorDash’s white-label fulfillment platform that powers dropshipping for businesses — grocers will gain access to DoorDash’s logistics network, eGrowcery said.
United States: BJ’s set to expand presence in Pittsburgh with second location
BJ’s Wholesale Club will open its 2nd location in Pittsburgh on April 8, bringing the total number of retailers in the United States to 227. The Westborough, Mass.-based retailer said its new location at 6270 Northway Drive in the township of Ross is also his 19th club in Pennsylvania.
United States: Kroger Dallas division enters restaurant supply business
Through its Dallas division, The Kroger Co. has rolled out a new service to supply local restaurants. Called Kroger Restaurant Supplythe offer connects restaurant owners with fresh food at wholesale prices, the Kroger Dallas division said.