Online news

 

24 June 2021
As Sobeys lapped last year’s strong fourth quarter performance, sales and profitability declined. However, it delivered a strong two-year stacked performance and remains on-track with its growth initiatives, including the acceleration of its ecommerce business. Q4 and FY key numbers Q4 sales declined 1.3% to $6.9bn, with same-store sales down 6.1% Q4 two-year stacked same store-sales ...
23 June 2021
Pride month is observed across many markets in Asia, although it is not as huge as the celebration in Europe and the Americas.  COVID-19 restrictions have hindered plans to have physical gatherings for Pride month, but the pandemic has not stopped some retailers in Asia to launch virtual campaigns for this occasion. Philippines: Alibaba-owned Lazada recognises the LGBTQIA+ stigma  Man...
22 June 2021
As Cora sees a decline in revenues in 2020 at its hypermarkets in France, we round up this news and steps it is taking in France, Belgium and Romania to drive footfall in its stores and sales across all channels. Cora France sees revenues decline further in 2020 Trade publication LSA has published Cora France’s results for 2020, showing the retailer suffered a 5.7% fall in revenue to €3.854 b...
21 June 2021
Albertsons is partnering with DoorDash, Gopuff makes two key acquisitions and Uber picks up remainder of Cornershop. We look at what these latest deals mean for the sector.  Albertsons partners with Door Dash for on-demand Albertsons is partnering on-demand delivery company, DoorDash, to offer delivery in up to one hour from almost 2,000 stores. Shoppers will be able to order from over 40,0...
16 June 2021
Belgium-based Colruyt reported its annual results for its 2020/21 financial year saying its turnover rose 3.7% to €9.93 bn. The results were impacted by its fuel distribution business DATS 24, which saw a fall in revenue, with Colruyt reporting revenue increased by 6.4% in the year excluding the effects of fuel. Colruyt grew below market average in 2020/21 The retailer said its food banners...
16 June 2021
Amazon announced it has opened a new Amazon Fresh store in Bellevue, Washington which will feature the retailer’s Just Walk Out technology. First full-size grocery store to feature the tech The new Amazon Fresh store is 25,000 sq ft. It is significantly larger than Amazon’s stores that have opened to date which feature the Just Walk Out technology. For example, its Amazon Go Grocery store t...
16 June 2021
Carrefour, as part of its 2022 Transformation Plan, said it would invest €2.8 bn over five years in its digital operations to put technology and data at the heart of its strategy. We look at three initiatives from the retailer, one at the Group level and the others in Brazil and Spain, underlining its commitment to this part of its strategy. Carrefour launches new data and retail media strateg...
16 June 2021
Vaccination to protect against COVID-19 is now more accessible in Asia, but the uptake has been sluggish.  To encourage more people to get the jab, some retailers as well as suppliers from the food and grocery industry are offering discounts and prizes for vaccinated individuals.  Hong Kong: ParknShop, Watsons and Sa Sa offer cash vouchers The CK Group has launched a lottery for Hong Kong r...
15 June 2021
Leading online pureplay, Boxed, and Seven Oaks Acquisition Corp., a publicly-traded special purpose action company, have announced a definitive agreement for a business combination that would result in Boxed becoming a public company. This will unlock new investment in the online grocery and tech company. Unique business model Boxed has developed an innovative approach to grocery ecommerce,...
11 June 2021
Kroger’s second customer fulfillment centre (CFC) powered by Ocado technology is a real milestone as it marks the entry of the retailer in a new state, Florida. Accelerating with digital This month, Kroger opened its second automated CFC in Groveland, Florida. As part of its strategy to accelerate with digital, Kroger is ramping up its ecommerce development. Florida is one of the few states...