France: Groupe Casino announces success of debt refinancing transaction
French retailer Groupe Casino has announced that its debt refinancing transaction launched on 16 November has been successful. The debt refinancing transaction consists of a tap of its Term Loan B with maturity in August 2025 subject to the same terms and conditions (interest rate of Euribor + 4%) for an amount of €425mln, above the initial target of €400mln, at a price of 99,25% of the nominal amount.
India: How Ninjacart is implementing technology to benefit farmers, retailers, and end-users in a unified manner
Ninjacart strives to provide as much innovation and solution as possible to ensure that end-users and farmers have a consistent and secure supply of fresh fruits and vegetables. In 2015, Ninjacart was launched as a B2C model to help retailers and small businesses take their inventory online. The goal was to transport fresh produce from stores to consumers directly in under 60 minutes. While following this model in Bengaluru for 6 months, the brand saw that the network provided very little incentive and value to farmers, resulting in a fragmented framework riddled with inefficiencies and inconsistencies. It knew that technology would be able to, if not eliminate, at the very least streamline certain channels, so it started thinking about solutions.
JD Logistics helps China Southern Power Grid warehouse go smart
The 1st smart warehouse of China Southern Power Grid (CSPG) was launched on November 18 in Wenchang, Hainan province, in collaboration with JD Logistics, the logistics arm of JD.com. The application of smart technologies in warehouse management and operations is expected to increase the warehousing capacity by 40%, and operations efficiency by 50%, lowering the labor intensity at the same time.
Ireland: SuperValu introduces further sustainable packaging in the fruit and veg aisle
As part of its commitment to reducing plastic packaging, SuperValu has announced that its own-brand bananas have moved to 100% recyclable packaging. The bananas, which were previously packaged in plastic bags, can now be found in simple paper bands made from white Kraft paper which consists entirely of primary fibres. Along with own-brand bananas, SuperValu has introduced sustainable packaging changes to Signature Tastes potatoes and own-brand organic carrots.
'Russian Lidl' Mere delays opening more stores over supply chain problems
Super-cheap discount supermarket Mere says its UK expansion plans are being slowed down by supply chain problems and recruitment issues. Mere, also known as 'Russian Lidl', opened its 1st store in Preston in August this year. Its business model is based on being the cheapest, with goods stacked on pallets on the floor for customers to pick up as they shop. Mere originally planned to open more than 300 stores in the UK over the next 8 to 10 years. But now it's plans are being held up, according to The Grocer.
UK: Christmas food range will be limited to avoid shortages, MPs told
There will be a reduced range of food items available to buy this Christmas due to supply chain issues, MPs have been warned. Shane Brennan, chief executive of the Cold Chain Federation, a trade body representing the temperature-controlled logistics industry, said the sector is focused on what it believes is “achievable” in terms of what can be delivered to stores.
UAE: LuLu in Dh1bln ecommerce push to be among top 3 Gulf e-tailers, says Yussufali
Abu Dhabi’s LuLu Group will spend Dh1bln in the next 3 years on its ecommerce and logistics capabilities and be a Top 3 online retailer in the Middle East. “In the last 3 years, we have moved from being a brick-and-mortar retailer to having a presence in online shopping as well”, said Yussufali M.A., Chairman. “In the next 3 years, we will build on what’s been achieved so far and be among the Top 3 ecommerce names in the UAE and Gulf. We can do it”.
Keeping Lidl’s shelves stocked is harder than ever, says UK boss
Keeping shelves stocked is “harder work than ever before”, the UK boss of Lidl has said as shortages of drivers, warehouse workers and food processing staff put pressure on grocery supply chains. Christian Härtnagel, chief executive of the German discount chain’s British arm, said problems with availability of products in stores had eased in the past 10 to 12 weeks and “the worst times are behind us” but “daily hard work” was still required to ensure there were no gaps on shelves.
Tencent must get approval from Chinese regulators before publishing new apps and updates
Tencent must get approval from Chinese regulators to send out updates for its apps, state broadcaster CCTV reported. The move comes after regulators found several apps made by China’s most valuable technology company violated data protection rules on a number of occasions this year. China’s Ministry of Industry and Information Technology must review any new apps and updates before they can be launched.
Walmart will be the 1st retailer to test Twitter’s new livestream shopping platform
Twitter’s e-commerce initiatives now include livestream shopping and Walmart will be the 1st retailer to test the new platform. Over the past year, Walmart has invested in live shopping by hosting events across social platforms like TikTok and YouTube, and soon it will debut Twitter’s first-ever shoppable livestream. On November 28, Walmart will kick off a Cyber Deals live event on Twitter, where users will be able to watch a live broadcast, shop the featured products and join the conversation around the event by posting tweets.
US: Dollar Tree ‘break the buck’ pricing to go chainwide
So far, Dollar Tree’s plan to raise its price point from $1.00 to $1.25 across its store base hasn’t appeared to discourage customers, according to President and CEO Michael Witynski. In reporting fiscal 2021 3rd-quarter results, Dollar Tree said that after more than 3 decades the company will “shift away from the constraints of the $1.00 price point” and move most of its chainwide assortment to a $1.25 pricing level. The transition is slated to start with more than 2,000 Dollar Tree stores in December and reach all of the banner’s nearly 8,000 locations by end of the fiscal 2022 1st quarter next spring.
US: Ingles Markets closes out fiscal 2021 with 8.2% sales gain
Aided by a double-digit sales increase in the 4th quarter, Ingles Markets finished near the $5bln mark for fiscal 2021 in building on last year’s COVID-fueled growth. For the 4th quarter ended September 25, net sales totaled $1.34bln, up 11.6% from $1.2bln in the fiscal 2020 quarter, when sales climbed 11.3%, Ingles Markets said.
Canada: Alimentation Couche-Tard announces its results for its 2nd quarter of fiscal year 2022
For its 2nd quarter ended October 10, 2021, Alimentation Couche- Tard Inc. ("Couche-Tard" or the "Corporation") announced net earnings of $694.8mln, representing $0.65 per share on a diluted basis. The results for the 2nd quarter of fiscal 2022 were affected by a pre-tax net foreign exchange gain of $4.9mln, as well as pre-tax acquisition costs of $1.8mln.