Les Mousquetaires reports 10% growth in turnover in FY 2023
Groupement Les Mousquetaires has reported a 10% increase in turnover (excluding fuel), to €39.9bln, in its 2023 financial year. In Belgium, France, Poland, and Portugal, the overall turnover of its Intermarché and Netto banners amounted to €35.13bln, excluding fuel (€48.09bln including fuel).
Source: esmmagazine.com
DESPAR Italia consortium celebrates four store openings
DESPAR Nord Ovest: The 9th store in Turin opened its doors at via Asiago 51/F. DESPAR Nord Est: In the North-East, the renovated INTERSPAR Hypermarket in Este (PD) reopened inside the Extense shopping centre. Instore, the extensive fruit and vegetable department, butchery, the wine cellar, and the pizzeria corner are all highlights. DESPAR Centro Sud: In the Central-South region, two new DESPAR Supermarkets were opened in Eboli (SA) and in Cropani Marina (CZ). The two stores offer quality products designed to meet the needs of their customers, paying great attention to fresh departments such as fruit and vegetables, butchery, and delicatessen.
Source: spar-international.com
Online supermarket Rohlik already profitable in three regions
Czech online supermarket Rohlik manages to combine investing in serious growth with achieving profitability. As sales grew by 25% last year (to 700mln euros), the scale-up is already profitable in Czechia, Hungary, and the region around Munich.
Source: retaildetail.eu
South Korea: Lotte Mart's fresh food quality project bears fruit with grocery sales surge
Lotte Mart's fresh food improvement project, initiated in 2022, is proving to be a resounding success, with a recent surge in grocery sales outpacing competitors by more than twice the rate. A prominent case in point is watermelons. Lotte Mart manages the types of seeds, planting times, and optimal harvest periods for each farm through farm cultivation records.
Source: pulsenews.co.kr
Holland: Pilot 'plant-based together' in municipality of Altena
An area-based pilot in the municipality of Altena (Province of Noord-Brabant, The Netherlands) used a mix of interventions to investigate how residents can be encouraged to eat more plant-based foods. In the supermarket, a multi-component intervention was tested with the slogan "Plant-based together: What are we eating in Altena today?".
Source: wur.nl
UK: First Filco 'Together with Morrisons' store opens
Morrisons has unveiled the first launch of its new partnership with Filco Supermarkets. Matthew Hunt, director at Filco Supermarkets, and the team have given praise to the support received by the Morrisons Daily team, helping them to launch their Tailbach store under its brand new look.
Source: talkingretail.com
E.Leclerc the best performer in France's grocery market in February
In what has become a near-monthly occurrence, E.Leclerc was the strongest performer in the French grocery sector in the period from 22 January to 18 February, according to Kantar market data.
Source: esmmagazine.com
Cyprus: Food prices surging uncontrollably, as vegetables see 26.5% monthly rise
In February, the price of fresh vegetables rose by 26.5% compared to January, according to data by the Cyprus Consumers' Association, based on the Consumer Price Index. The analysis also found a substantial rise of 15.7% in the general price of vegetables during the same period, while the price of potatoes went up by 6.81%. Fresh fruits saw a smaller increase of 3.78%.
Source: in-cyprus.philenews.com
HelloFresh warns on profit again, shares tank
German meal-kit maker HelloFresh has provided a 2024 core earnings forecast way below expectations, shocking the market for a second time in five months after a profit warning last year. The Berlin-based company had been aiming for €10bln in revenues and €1bln in adjusted core profit (AEBITDA) in 2025. It did not give a new date for those goals.
Source: rte.ie
Affordable apples and brilliant berries: Australia's best value fruit and vegetables in March
At Senserricks Fruit and Flowers in north-west Melbourne, owner Pat Senserrick says that apples, grapes and raspberries should be your go-to at the beginning of autumn - though it's not the most exciting time of year for fresh produce.
Source: theguardian.com
Holland: Children eat new types of fruit and vegetables with MiffyCan parents get their children to eat new types of fruit and vegetables in a playful way? This question is central to a study into experiences with the 'Miffy eats the rainbow' method. Researchers from Wageningen University & Research developed this colorful approach in collaboration with Mercis, the rights agency and publisher of Dick Bruna's books. Fruit and vegetables are extremely important for a child's health and lay the foundation for a healthy diet later in life. Yet many children in the Netherlands still do not eat enough fruit and vegetables.
Source: wur.nl
Amazon loses trademark appeal on cross-border sales
Amazon has infringed on British trademark rights by promoting identical branded products from another party to British shoppers on its US website. The ruling could have implications for other trademark holders and licensees in the United Kingdom and Europe.
Source: ecommercenews.eu
US: Costco maintains its financial momentum
Net sales for the second quarter came in at $58.44bln, just below the Wall Street estimate of $59.04bln. Membership fees stacked up to $1.11bln in the second quarter, which is better than the $1.03bln a year ago.
Source: supermarketnews.com
US: Aldi to add 800 stores by end of 2028
Aldi plans to add 800 stores across the United States through a combination of new openings and store conversions by the end of 2028, the company announced. Aldi noted that it has closed its acquisition of Southeastern Grocers and its Winn-Dixie and Harveys banners.
Source: grocerydive.com
US: Smashburger launches jack & annie's® plant-based burgers in restaurants nationwide
Smashburger, the better-burger fast casual restaurant with 235 corporate and franchise locations, has partnered with jack and annie's to launch a new plant-based burger made from jackfruit in all locations across the U.S.
Source: prnewswire.com
US: Kroger reports fourth quarter and full-year 2023 results, announces guidance for 2024
Kroger reported: "Fourth quarter highlights: operating profit of $1,194mln; EPS of $1.01. Adjusted FIFO operating profit of $1,307mln and Adjusted EPS of $1.34, which include a benefit of $187mln and $0.20 from the 53rd week, respectively. Fiscal 2023 highlights: operating profit of $3.1bln; EPS of $2.96. Adjusted FIFO operating profit of $5.0bln and Adjusted EPS of $4.76, which include a benefit of $187mln and $0.20 from the 53rd week, respectively".
Source: prnewswire.com
Pairwise named one of America's Top GreenTech Companies 2024
Pairwise, a technology company pioneering the application of CRISPR in food and agriculture, has earned recognition from TIME magazine as one of America's Top Greentech Companies. Tom Adams, Co-Founder and CEO of Pairwise: "By using CRISPR and other gene editing technologies, we are making progress toward traits like seedless blackberries and snackable, bite-size, pitless stone fruit such as cherries."
Source: globenewswire.com