EU: Rapidly changing retail wants to secure consumer trust
EuroCommerce, the European association representing small, medium, and larger retailers and wholesalers, presented its consumer agenda for 2024-2029 at the EU Consumer Summit.
Source: eurocommerce.eu
Intermarché Portugal signs delivery partnership with Uber Eats
Retailer Intermarché has teamed up with Uber Eats in an exclusive partnership across Portugal. This collaboration brings over 100 Intermarché supermarket locations onto the Uber Eats platform, significantly expanding Uber Eats' online grocery delivery options.
Source: esmmagazine.com
UK supermarket Asda says 2023 underlying profit up 24%
Asda, Britain's third biggest supermarket group, reported a 24% rise in annual earnings that reflected a 7.1% rise in total sales and also said it had cut its debt. Asda, owned by brothers Zuber and Mohsin Issa and private equity firm TDR Capital, said 2023 adjusted EBITDA after rent, its preferred profit measure, was 1.08bln pounds ($1.33bln) on total sales, excluding fuel, of 21.9bln pounds.
Source: reuters.com
French supermarkets have to inform shoppers about shrinkflation
From July 1, supermarkets in France will have to alert customers to instances of so-called "shrinkflation," when retailers or manufacturers make their products smaller without reducing the price.
Source: retaildetail.eu
Grocery delivery app Getir prepares to exit UK market
Getir, the grocery delivery app once valued at nearly $12bln (£9.7bln), is close to pulling the plug on its operations in Britain in a move that would spark concerns for well over 1,000 jobs. Sky News has learned that Getir is preparing to announce that it is withdrawing from the three remaining European markets in which it operates: the UK, Germany, and the Netherlands.
Source: news.sky.com
UK: Eco-friendly fruit drinks served up on Lumo services
Tyneside-based train operator Lumo has partnered with UK drinks brand Flawsome Drinks to bring customers eco-friendly apple juice made from 'wonky' and surplus apples.
Source: news.railbusinessdaily.com
Italy: Altasfera surpasses €100mln turnover threshold
Italian cash & carry operator Altasfera has achieved a major milestone, exceeding €100mln in turnover for the first time. Operated by SPAR's Italian retail partner Maiora, Altasfera caters to HoReCa businesses in central and southern Italy.
Source: esmmagazine.com
UK: Tesco accused of undercutting local shops via its wholesale business
Village shopkeepers say Tesco is consistently undercutting them by selling products for less in its stores than via its wholesale business, Booker, stoking concerns about the power of the UK's biggest supermarket chain. Tesco, which has 27% of the UK grocery market, bought the cash-and-carry group in 2017 for £3.7bln, promising that the deal would benefit shoppers and independent retailers.
Source: theguardian.com
MyPrice (Mere) faces problems with Belgian expansion
Discounter MyPrice's jubilant announcement that opening a fourth and fifth Belgian store was imminent was more than a little premature. Both stores face unforeseen problems: the Antwerp opening is delayed, and the Bertrix store is off the cards altogether.
Source: retaildetail.eu
Turkey discount grocer BIM has not been officially asked to operate in Canada, CEO says
Turkey's leading food retailer, BIM, has not received any invitation or been officially asked by the Canadian government to operate in North American countries, its CEO said.
Source: reuters.com
US: Uber Eats links up with Forage for SNAP
Uber Eats announced it has linked with payments company Forage on SNAP EBT payments. The payment option will become available to all eligible grocery partners on the delivery provider's platform when the feature launches later this year. The emphasis on online SNAP acceptance aims to bolster grocery services to people with limited food access, Uber said.
Source: grocerydive.com
'Novel complaints' in Kroger merger lawsuit could be a tough sell, according to former FTC chair
The Federal Trade Commission's lawsuit aimed at blocking the $24.6bln Kroger, Albertsons merger case is set for a hearing in August, and the commission's former chairperson said some of the lawsuit's more novel complaints could face great scrutiny.
Source: supermarketnews.com
US: Gelson's replaces president and CEO
Gelson's Markets said that John Bagan is no longer serving as the company's president and CEO. The grocer said Ryan Adams will take over the two top roles, effective immediately. Adams brings experience working for Albertsons, Vons, and Pavilions. The change at the top of Gelson's leadership continues a string of key developments for the Southern California grocery chain in recent years.
Source: grocerydive.com