Eurocash Group reports ‘significant improvement’ in profitability in the first quarter
Polish retailer and wholesaler Eurocash Group has informed a 12% increase in revenue in the first quarter of its fiscal year, as well as what it described as a “significant improvement” in profitability. Operating profit in the period increased by more than 30% to 151 million zlotys (32.26 million euros). This compares with PLN 115.9 million in the previous year.
India: This Sgr E-commerce Marketplace Aims To Provide A Platform To Small Sellers
Sharib Rafiq, 22, from Srinagar, has developed an e-commerce platform where customers can now order kashmiri wazwan, chicken, fresh vegetables and fruits online and has linked more than 100 businesses with his startup so far. in the city. Sharib, a nanoscience student from Islamia College, recently developed a website and app ‘GetDayToday’, which offers essential items online, such as Wazwan, chicken, fresh vegetables, fruits, milk, bakery and many more items.
Icelandic supermarkets in Czechia declare bankruptcy
The Czech branch of the British supermarket chain Iceland has filed for bankruptcy. The chain was hit hard by the Covid pandemic and Brexit. The declaration of insolvency of the company ICL Czech, which operates the Czech branch, follows the news that the chain was closing their Czech shops. Much of the Czech branch’s stock was imported from the UK, with the cost of importing the items rising sharply due to the UK leaving the European Union in early 2020.
Germany: Edeka Minden-Hannover records a sales increase of 3.5% in fiscal year 2021
Edeka Minden-Hannover has informed a 3.5% increase in group sales, to approximately €11 billion, in its 2021 financial year. Sales of organic items grew by 20%, to €607 million, from €498 million in the year previous. The total number of organic products stored at Edeka Minden-Hannover amounted to approximately 13,800.
UK: Social supermarkets offer choice and self-esteem to struggling workers
In the crypt of a 283-year-old London church, you wouldn’t normally expect to see displays of fresh fruit, vegetables, meat and fish alongside shelves of canned food, toilet paper rolls and nappies, and customers with baskets doing their weekly shopping. . But from September, that will be the scene of the City of London’s first social supermarket, which will open in the vaults of Christ Church Spitalfields, a Nicholas Hawksmoor-designed church near the financial district.
Source: the guardian.com
LuLu Promotes SR10, 15, 20 Promotion Across Saudi Arabia
LuLu shoppers across the Kingdom of Saudi Arabia will be able to splurge without breaking their wallets, thanks to LuLu Hypermarket’s incredible SR10 15 & 20 promotion that has kicked off. The promotion covers a wide range of products: fruits and vegetables (fresh and chilled/frozen), grocery staples, and a variety of foods under the LuLu private label, as well as virtually everything a family needs. The promotion is the last one this year and will be held from May 15 to 21 in all LuLu hypermarkets in Saudi Arabia.
India’s Reliance to Acquire Dozens of Brands in $6.5 Billion FMCG Game
India’s biggest retailer Reliance will acquire dozens of smaller grocery and non-grocery brands as it aims to build its own $6.5 billion consumer goods business to challenge foreign giants such as Unilever, two sources told Reuters. familiar with the plan.
France: Casino Says Plans to Sell Renewable Energy Unit, Shares Rise
French retailer Casino said in a statement that it had launched a process to sell its GreenYellow renewable energy unit with a view to a possible transaction by the end of the year, sending its shares up 3.6%. French financial daily Les Echos reported that French energy giant TotalEnergies and power company Engie were considering the acquisition of GreenYellow, valued at around 1.5 billion euros ($1.56 billion).
Kenya: Twiga begins commercial farming, seeking to ensure quality and maintain supply
Twiga, a B2B e-commerce food distribution platform, has announced the launch of its new subsidiary, Twiga Fresh, through which it will grow and distribute its own produce to merchants. Twiga said it has started producing horticultural products such as onions, tomatoes and watermelons on its 650-hectare (1,606-acre) plot, with an estimated output of 150,000 tons of fresh produce a year. Twiga has so far invested $10 million in the new company, which will be backed by debt from development finance institutions.
Ireland: SuperValu announces ‘Taste of Local’ initiative
Irish retailer SuperValu has launched a new initiative: taste of the local – showcase small Irish food and drink producers in shops across the country. The ‘Taste of Local’ section in SuperValu stores will feature products from 33 new Irish food and drink producers, who have completed this year’s Food Academy programme. New products this year include plant-based offerings, organic produce, healthy convenience, as well as innovative non-alcoholic beverages.
USA: Kroger Zero Hunger | Zero Waste Foundation funds research on food waste
Since an estimated one-third or more of food waste in the US occurs in homes, Kroger Co. Zero Hunger | Zero Waste Foundation has partnered with the Foundation for Food and Agriculture Research (FFAR) to launch the food waste challenge develop an original methodology for the quantitative measurement of food waste generated in American households. Objective and quantitative measurements would provide an accurate picture of the sources of food waste and improve efforts to reduce it throughout the food system, according to the foundations.
US: PCC Community Markets Issues Grants for Organic Producers 2022
PCC Community Markets (PCC), the largest community-owned food market in the US and one of Seattle’s original grocery stores, announced it has awarded $25,000 in organic grower grants to 6 small and medium-sized farms in the entire state of Washington. Recipients of PCC’s 2022 Organic Producer Grants are clover mountain dairy (Chewela), alluvial farms (Everson), Silva family farm (oak port), Real Produce Farm (Real city), long hearing farm (Rockport), and ranch due to rent (Stanwood).
Stater Bros. Markets and FirstFruits Marketing donate 20,000 lbs. of apples to Feeding America Riverside | Saint Bernardine
Stater Bros. Markets recently donated 20,000 lbs. of fresh apples to Feeding America Riverside | San Bernardino (FARSB) as part of the Take a Bite Out of Hunger™ program sponsored by FirstFruits Marketing of Washington. The donation ensures that local food banks are well equipped to provide nutritious fresh fruit to the underserved in the local community.
US: Beyond Meat shares fall after lopsided launch leading to larger-than-expected loss
Beyond Meat reported a larger-than-expected loss in its first quarter as it offered deeper discounts and lower prices to international consumers. The launch of the company’s plant-based jerky weighed heavily on margins, the company said. The company’s gross margin was 0.2% of revenues during the quarter, falling sharply from its 30.2% gross margin a year ago.