UK shop prices hit highest rate of inflation since 2008
Shop prices have hit their highest rate of inflation in almost 14 years as businesses grapple with soaring supply chain costs and a cut in household spending, figures from the British Retail Consortium (BRC) show. They were up 3.1% on a year ago in June, up from 2.8% in May - the highest rate of inflation since September 2008, according to the BRC-NielsenIQ shop price index.
Source: theguardian.com
India: Mukesh Ambani’s daughter set to be named chair of retail unit
Isha Ambani is set to be named chairman of the Reliance conglomerate’s retail unit in another sign that her father, Indian billionaire Mukesh Ambani, is pushing ahead with a plan for succession in one of Asia’s richest families. An announcement of Isha Ambani’s elevation could come as early as Wednesday, according to people with knowledge of the matter, who asked not to be identified ahead of a formal statement. She is currently director of Reliance Retail Ventures Ltd.
Source: bnnbloomberg.ca
UK: Aldi on the lookout for hundreds of new store locations - with a finder’s fee up for grabs
Aldi has revealed a wish list of priority locations across the country where it is looking to build new stores. The UK’s fifth largest supermarket has been on a rapid expansion drive in recent years, helping it grow its market share to a record 9%, according to the latest Kantar Grocery Market Share figures (12 weeks ending). Aldi, which already has more than 960 stores across the UK, is looking for freehold town-centre or edge-of-town sites that are around 1.5 acres.
Source: aldipresscentre.co.uk
New Zealand: Supie hopes to raise up to $5mln through Snowball Effect
Online-only grocery retailer Supie is hoping to raise up to $5mln from the public to help its Auckland expansion. Supie launched in mid-2021, aiming to inject competition into the $22bln supermarket industry which is dominated by two players, Foodstuffs and Woolworths NZ. The capital raising, through Snowball Effect, followed a $2.5mln funding round last year led by Icehouse Ventures.
Source: stuff.co.nz
UAE: Lulu Group’s $2.9bln expansion in retail network on track
Lulu Group International is on track with its $2.9bln (AED10.7bln) investment in its retail network, opening 91 hypermarkets between 2020 and 2023. It said 50 of these stores have already been opened during the Covid-19 pandemic. The supermarket chain now has 235 hypermarkets, shopping malls and fulfillment centres across 12 countries including the GCC, India, Malaysia, Indonesia and Egypt.
Source: arabianbusiness.com
Pricer: Dutch supermarket chain PLUS Retail places 90 MSEK order
Pricer AB has received an order of approximately 90 MSEK from the Dutch co-operative supermarket chain PLUS to equip 128 additional stores, previously under the Coop banner, with electronic shelf labels. The rollout is planned to start during Q1 2023 with the initial delivery scheduled for November 2022 and consecutive deliveries in March 2023.
Source: news.cision.com
China: Yunji empowers its private label brand Qingziyang with advanced technology
Yunji Inc. ("Yunji" or the "Company"), a leading membership-based social e-commerce platform, announced that the Company's ongoing development of innovative technology is yielding positive results. The recently-launched second generation of Yunji's megahit product, fruit and vegetable pressed candy from its private label Qingziyang, reached the milestone of five million sales within one minute and ten million sales within twenty minutes during its launch day on June 14, 2022.
Source: prnewswire.com
Trigo launches Berlin’s first autonomous grocery store for German supermarket giant REWE
Trigo, an Israel-based computer vision company disrupting retail with frictionless checkout technology, has rolled out a second hybrid autonomous grocery store with German supermarket giant REWE Group, one of the world’s leading retailers and Germany’s second-largest food retail chains. REWE Group operates some 6,000 stores in Germany and 3,500 internationally.
Source: businesswire.com
Poland: Eurocash subsidiary Euro Sklep celebrates 25th anniversary
Polish retailer Eurocash Group has announced that its franchise chain Euro Sklep is celebrating its 25th anniversary this year. Established in 1997 by a dozen entrepreneurs from Podbeskidzie, the chain now comprises over 460 outlets in Southern Poland, making it one of the leading franchise networks in the region.
Source: esmmagazine.com
Britons seek cheaper food in 'unprecedented' cost of living crisis - Sainsbury's
Cash-strapped Britons are buying more cheap frozen food to help cut waste and cope with "unprecedented" soaring living costs, the boss of supermarket group Sainsbury's told Reuters. Chief Executive Simon Roberts said shoppers were "watching every penny and every pound", visiting stores more often but buying less on each trip, and using technology to monitor their spending to avoid "till shock" at the check-out.
Source: reuters.com
H-E-B bests Amazon as dunnhumby’s top U.S. e-grocer
Texas grocer H-E-B inched past e-tail giant Amazon as the top-ranked U.S. online grocery retailer in the inaugural dunnhumby eCommerce Retailer Preference Index (RPI). The 2022 dunnhumby eCommerce RPI polled 3,000 U.S. households in the $100bln U.S. grocery market and ranked 54 retailers based on customer preference drivers of owned digital asset usage, ease and reliability, substitutes, products and price, along with a composite score of change in web visits (2019 to 2021) from SimilarWeb, share of wallet online, and online penetration. Households surveyed shopped online for groceries at least once in the previous 30 days.
Source: supermarketnews.com
US: Kroger Delivery arrives in Pleasant Prairie
The Kroger Co., America's largest grocery retailer, announced the official opening of the Customer Fulfillment Center (CFC) in the Village of Pleasant Prairie, Wisconsin, a city centrally located between Milwaukee and Chicago, powered by the Ocado Group, engineering a model for the region, leveraging advanced robotics technology and creative solutions to redefine the customer experience for customers in Wisconsin, northern Illinois, and northwest Indiana.
Source: prnewswire.com
Invafresh delivers industry leading production planning capabilities for in-store and commissary operations
Invafresh, the industry leading fresh grocery platform, announces enhancements to its production planning capabilities, making it the most comprehensive and innovative solution available on the market today for grocery retailers, whether for in-store or commissary operations, ensuring the freshest experience for their customers.
Source: prweb.com
US: Target marks key remodel milestone
Following through with the stores-first strategy it initiated in 2017, Target Corp. has reached a major milestone as it celebrates its 1,000th remodel. The retailer has ambitious plans to fully remodel 200 more stores this year and also deliver almost 200 fulfillment renovations in its stores to help build capacity for its same-day services.
Source: progressivegrocer.com
Slate Grocery REIT to buy $425mln US grocery-anchored portfolio
Two Slate Asset Management entities are acquiring a $425mln (€404mln) grocery-anchored real estate portfolio in the US as part of a newly created partnership. Slate Grocery REIT said it has agreed to acquire the portfolio of 14 properties and has also formed a joint venture with Slate North American Essential Real Estate Income Fund (NA Essential Fund).
Source: realassets.ipe.com