Britain's M&S opts for continuity as CEO checks out
Steve Rowe will step down as chief executive of Marks & Spencer in May after 6 years in the job, with the British retailer opting for continuity by choosing two of his senior lieutenants as his successor. Rowe, who joined M&S at the age of 15 before rising through the ranks, will step down after the food and clothing retailer reports annual results on May 25.
China: JD.com posts quarterly loss as costs rise, revenue growth slows
JD.com posted a quarterly loss as its operational costs surged, and reported its weakest revenue growth in 6 quarters amid slowing consumer spending, sending shares in the Chinese e-commerce firm down 6% in premarket trade. Net loss attributable to shareholders for the 4th quarter was 5.2bln yuan, compared to a profit of 24.3bln yuan last year. Net revenue rose about 23% to 275.9bln yuan ($43.64bln) in the 4th quarter, while analysts had expected revenue of 274.45bln yuan, according to IBES data from Refinitiv.
Germany: Aldi Nord opens new headquarters covering 10 hectares
Aldi has officially opened its brand new Aldi North Campus in Essen-Kray, in the heart of the Ruhr area. In recent years, the discounter has built an entirely new office complex, covering 10 hectares - roughly 14 football pitches. In April, the 1st employees will start working in the building. They will not have to move, as Aldi Nord was already based in Essen.
France: A brand-new charter signed between Carrefour and the Jeunes Agriculteurs
To support French farming and show its commitment to the EGAlim 2 law which protects the revenue of French farmers, Carrefour has entered into a new partnership with the Young Farmers’ Union, and signed a charter at the Paris International Agricultural Show. This charter is designed to ensure action in 5 areas: promoting farming as a job; making it easier for younger people to take over jobs in farming; continuing the agroecological transition; improving revenue for farmers by encouraging contracting; strengthening local partnerships between stores and the Jeunes Agriculteurs.
Gorillas and Jumbo commence delivery service in the Netherlands
Delivery group Gorillas and Dutch retailer Jumbo have furthered their strategic partnership with the introduction of Gorilla's grocery delivery service in the Netherlands. Customers can now avail rapid delivery of groceries from Jumbo in the cities Groningen, Rotterdam, and Tilburg.
China: JD Super releases “2022 On-Demand Consumption Trend Report”
JD Super, JD.com’s online supermarket business, released the “2022 On-Demand Consumption Trend Report”, revealing the latest trends of on-demand consumption based on Shop Now consumption data. The report shows that supermarket goods are the main category of on-demand consumption, and there are 9 consumption trends, including first-tier cities (Beijing, Shanghai, Guangzhou, Shenzhen) where the majority of Shop Now consumption takes place.
US: February marks largest grocery price jump in over 40 years
Amid high inflation fueled by COVID supply-chain reverberations, and now the war in Ukraine, grocery prices experienced their biggest year-over-year increase in more than 40 years in February. The Consumer Price Index (for all urban consumers) rose 7.9% year-over-year (unadjusted) for February, the largest since the period ended in January 1982, the U.S. Bureau of Labor Statistics (BLS) reported. The 0.8% month-to-month increase (seasonally adjusted) eclipsed the 0.6% uptick from December to January and more than doubled the 0.4% monthly increase in February 2021.
US: Southeastern Grocers announces continued expansion into 2023
Southeastern Grocers Inc. (SEG), parent company and home of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, has announced plans to continue its Florida expansion into 2023. The grocer will open a new North Florida Winn-Dixie, located at 999 University Blvd., in Jacksonville next year to provide College Park customers with unique, personalized shopping experiences.
US: KeHE launches ECOtrade sustainability program at Expo West
As a leading natural, organic, specialty and fresh food distributor, KeHE Distributors announced its commitment to a sustainable future during the Climate Day discussion at Natural Products Expo West in Anaheim, and launched its new supplier initiative, the KeHE ECOtrade program.
Near-record import levels expected at U.S. ports as congestion continues
Imports at the nation’s major retail container ports are expected to be at near-record levels this spring and summer as consumer demand and supply chain challenges continue to result in congestion, according to the monthly Global Port Tracker report released by the National Retail Federation and Hackett Associates.
US: Instacart begins months long rollout of new features and enhancements for shoppers
Instacart, the leading online grocery platform in North America, announced a renewed commitment to its shopper community of more than 600,000 individuals, beginning a months long rollout of new products and enhancements for shoppers. The company is introducing 4 new commitments that will establish a foundation for ongoing improvements to the Instacart platform and further its relationship with the shopper community. Over the next 4 months, Instacart will launch 4 suites of product features related to improving the shopper experience in relation to one of these commitments.
Canada: Empire reports 3rd-quarter sales and profit up from year ago
Empire Company Ltd. reported a quarterly profit of $203.4mln, up from $176.3mln a year earlier, as its sales also climbed higher. Sobeys parent company says the profit in what was its 3rd quarter amounted to 77 cents per diluted share, up from 66 cents per diluted share a year earlier. Sales in the 13-week period ended January 29 totalled $7.38bln, up from $7.02bln, helped by the acquisition of Longo's, higher fuel sales and increased food inflation as well as other initiatives.
US: SpartanNash promotes David Petko to Executive Vice President, Chief Supply Chain Officer
Food solutions company SpartanNash (the “Company”) announced the promotion of David Petko to Executive Vice President and Chief Supply Chain Officer. Petko was hired in April 2021 as Senior Vice President and Chief Supply Chain Officer reporting to President and CEO Tony Sarsam. He oversees all aspects of SpartanNash’s global supply chain, which serves 145 Company-owned stores, over 2,100 independent retailers and national accounts throughout the U.S., as well as U.S. military commissaries and exchanges around the world.