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Eurospin: 50 new stores opened in 2017

Hong Kong trade office opened by Russia's X5 Retail Group

India: Flipkart launches grocery shopping Supermart
India's leading online player Flipkart has launched Supermart, a grocery marketplace. Flipkart has now rolled out the service to a set of customers in Bengaluru. Flipkart's grocery marketplace requires a minimum order value of INR 500 (US$7.60) and provides free delivery for orders over INR 1,000, according to the mobile app. (igd)

Salling Funds become sole owner of Dansk Supermarked
A long-awaited trade between the Danish Supermarked and Salling Funds goes through before the New Year. The funds cost 5.53bln to get the remaining 19% of the shares in the supermarket group from the shipping conglomerate A.P. Møller, informs the parties in a press release. With the acquisition of the remaining shareholding, the Salling Fund, which consists of Merchant Herman Sallings Fund and Merchant Ferdinand Sallings Mindefond, becomes sole owner of Dansk Supermarked Group. (fodevarewatch.dk

Russia's X5 Retail Group opens trade office in Hong Kong
Russia’s X5 Retail Group has opened its first overseas sales office in Hong Kong. X5 is also considering opportunities to establish similar trade offices in Central Asia and South America. X5Retail Group is one of the leading Russian food retail companies. The company manages the stores of several retail chains: neighborhood stores under the Pyaterochka brand, supermarkets under the Perekrestok brand, hypermarkets under the Karusel brand, Express-Retail stores under various brands. (tass.com)

Italy: Eurospin opens 50 new stores in 2017
Italian discount retailer Eurospin has achieved its target of opening 50 new stores in 2017. CEO Romano Mion told Il Sole 24 Ore that this year’s growth has been above what was anticipated, and added that the company's priority will continue to be the opening of new stores that are owned, directly managed, or run by partners. Regarding possible expansions, he said that Europe is preferable to the US, mainly for logistical reasons, but did not reveal any more details. Each new store is set to break even within the first year, with sales offsetting the cost of land and the construction of the supermarket. (esmmagazine.com)

US: Can Costco convince French to buy brie in bulk?
About a half-hour south of Paris, a uniquely American import has opened for business. France, meet Costco Wholesale Corp. In June, the world’s largest warehouse-club chain opened in the suburb of Villebon-sur-Yvette, between Orly Airport and Ecole Polytechnique. Having succeeded in spreading its treasure-hunt shopping experience across North America, Asia and the U.K., Costco is infiltrating the global heart of refined taste. (Bloomberg)

US: Ahold Delhaize Q3 profit beats, sees better 2018
Ahold Delhaize, the largest operator of traditional grocery stores on the U.S. East Coast, beat estimates for third-quarter earnings as cost savings after its 2016 merger with Delhaize were greater than expected and it won market share in the United States. Ahold reported a 1.1% fall in pro-forma third-quarter sales to 15.1bln euros ($17.5bln), due to the weaker dollar, but quarterly net income rose to 362mln euros from 235mln euros a year earlier. (Reuters)

Amazon closes additional UK Whole Foods stores
Amazon is shutting two Whole Foods stores in the UK just two months after completing its £10.7bln takeover of the upmarket grocery chain. The company is closing down its stores in Cheltenham, Gloucestershire and Giffnock, East Renfrewshire meaning that there will be just seven UK shops remaining, all of which are in London. (telegraph.co.uk)

Publication date: 11/9/2017

 


 

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