Tesco to stay in Thailand | Edeka to enhance organic offer
Kroger profit beats estimates | Food Lion introduces PL produce
- The new convenience store group My Local, which acquired Morrisons c-stores yesterday, has revealed a £1bn supply deal with Nisa. Morrisons yesterday offloaded its 140-strong convenience store chain to a team led by retail veteran Mike Greene and backed by Greybull Capital, which are set to relaunch the stores under the banner My Local. My Local has today revealed that symbol group Nisa will supply it over the next five years, in what the retailer said was one of the largest deals in the convenience sector. It makes My Local one of Nisa’s most significant wholesale customers. (retail-week.com)
US: Food Lion introduces PL produce
Food Lion has expanded its Food Lion private label line to include produce, adding carrots, apples, potatoes, mushrooms, onions and other items. The retailer also redesigned the packaging for Food Lion branded products. Nutritional information is now included on the front panel. (supermarketnews.com)
US: Kroger profit beats estimates on lower costs
Kroger Co, the biggest U.S. supermarket operator, reported a better-than-expected quarterly profit, helped by lower operating expenses and higher fuel margins. It reported a 25% rise in quarterly profit, helped by lower operating expenses and higher fuel margins. Net income attributable to the company rose to $433m, or 44 cents per share, in the second quarter ended Aug. 15, from $347m, or 35 cents per share, a year earlier. Identical supermarket sales, excluding fuel, rose 5.3%, beating the 4.7% growth expected by analysts polled by research firm Consensus Metrix. Sales rose 0.9% to $25.54bn. (Reuters)
Germany: Edeka to enhance organic offer with Alnatura partnership
German retailer Edeka has announced a cooperation agreement with organic brand Alnatura, which will see the organic retailer's products stocked on Edeka shelves from October. Following the ending of Alnatura's supply contract with longstanding partner DM, Alnatura founder, Goetz Rehn and Edeka chief executive, Markus Mosa, announced the new partnership, which will extend to all Edeka stores, except those under the Netto banner. “We believe in the capability of our concept, and plan to enlarge the offer step by step to 400 articles,” Mosa said in a statement. (esmmagazine.com)
German Edeka decentralised e-commerce concept
A new online model has been developed, which plays into the strength of Edeka's regional structure. As part of the decentralised model, individual retailers within Edeka will have the flexibility to choose to have their different products at different regional prices. The new website, Edekanord-shop.de, already offers 13,000 products, including fresh produce, with more range to be added soon. (igd.com)
Tesco Lotus to stay in Thailand
According to an article in the Bangkok Post, Tesco will remain in Thailand despite the recent sale of its South Korean business. Although in recent years growth in the operation has slowed due to external factors, such as a slowing economy, a Tesco Lotus statement has said that it is confident in the future growth and expansion prospects for the business. Tesco also continues to invest in Thailand, with its new state of the art distribution centre in Surat Thani due to open at the end of September 2015, plus this year it will open five hypermarkets and 50 Express stores (igd.com)
British grocer Sainsbury testing selling products in China
Sainsbury has struck a deal with Alibaba Group to trial selling ambient groceries in the country. Sainsbury will sell products that have a long shelf like like tea, coffee, granola, biscuits and long-life milk through Alibaba's Tmall site, said a spokeswoman. It won't sell fresh food. (nasdaq.com)
UK: Co-op to cut 500 tonnes of food waste by teaming up with charity
The Co-operative has signed a deal with FareShare that will see thousands of tonnes of food given to charity rather than turned to waste. The mutual said that it will begin rolling out a service on Monday that will mean that surplus chilled food items such as yoghurt, meat, fruit and vegetables are passed on and turned into meals for vulnerable people across Britain. (telegraph.co.uk)
British Tesco bosses' lack of shareholding raises eyebrows
The entire board of Tesco has bought less than £350,000 of shares in the supermarket chain, and chief executive Dave Lewis has yet to buy any, despite being in charge for a year. The lack of share purchases by Lewis and Alan Stewart, the finance director, has raised eyebrows among corporate governance pressure groups and shows that theTesco executives have not been willing to back their turnaround plan by putting their own money into the retailer. (theguardian.com)
Finland: Kesko's sales increased in August
Kesko Group's sales in August 2015 totalled €737.5m. In comparable terms excluding Anttila, sales increased by 0.6% in local currencies. In Kesko's grocery trade, sales in August were €396.3m, a decrease of 0.6%. In local currencies, sales increased by 0.5%. The downward price trend continued in Finland. (nasdaq.com)
Delhaize Group recognized as a sustainability leader
Delhaize Group is proud to announce its inclusion in the 2015 Dow Jones Sustainability Index (DJSI), a leading benchmark for investors who integrate sustainability considerations into their portfolios. The Belgian international supermarket operator is one of only four retailers in the world and one of only three retailers in Europe to be included in the DJSI for the Food and Staples Retailing sector. (eprretailnews.com)
Romania, fourth market in the region for Lidl based on sales
Romania was the fourth country in Central and Eastern Europe for German retailer Lidl in 2014. Lidl Romania had sales of over €788m, and was surpassed by Lidl’s subsidiaries in Poland, the Czech Republic and Slovakia, according to Deloitte’s ranking of the biggest 500 companies in Central and Eastern Europe, reports local Profit.ro. The retailer’s sales in Romania grew by 12.3% compared to 2013, when the company reported a turnover of over €700m. In Poland, the German group’s sales reached €2.7bn whereas in the Czech Republic they totalled €1.1bn, and in Slovakia €795m. (romania-insider.com)
German Rewe group supports NRW statement regarding Kaiser's Tengelmann
Rewe Group has said that it supports the statement made by the German federal state North Rhine-Westphalia (NRW), which requests German minister of economic affairs, Sigmar Gabriel, to make the preservation of workplaces his first priority. Edeka's proposed takeover of Tengelmann supermarket chain Kaiser's currently looks unlikely, after both retailers failed to convince Germany's Monopolies Commission to give it the green light. Gabriel, however, has the authority to re-evaluate the decision of the German Competition Authority regarding the acquisition. (esmmagazine.com)
Tesco selling imported lamb under Scottish banner
Supermarket giant Tesco has delivered Scottish sheep farmers a slap in the face by selling significant quantities of imported lamb underneath a banner proclaiming to support Scottish sheep farmers. The Union has contacted the UK’s biggest retailer today asking it to address the situation. (farmbusiness.cc)
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