Mexico president says he spoke with Walmart exec about lowering inflation on food products
Mexican President Andres Manuel Lopez Obrador said that he met with Judith McKenna, the head of Walmart Inc's international division, about "doing everything possible" to lower inflation on food products.
Source: reuters.com
Amazon workers in Albany vote against unionization, labor leader calls it ‘sham election’
Employees at an Amazon warehouse near Albany overwhelmingly rejected a unionization effort. Workers at the facility, known as ALB1, had hoped to become a local offshoot of the Amazon Labor Union, an independent organization behind a historic union win at another Amazon warehouse in New York.
Source: cnbc.com
1-in-4 Americans plan to skip Thanksgiving as inflation hits the holidays, according to Personal Capital research
Americans are preparing for a costlier holiday season as inflation continues to rise at historic rates. A new survey by Personal Capital reveals that 1-in-4 Americans plan to skip Thanksgiving this year to save money, and 42% plan to ask guests to contribute cash to help cover costs. Rough year for veggies: 88% of Americans are cutting at least one dish from their table this year to save money. Brussel sprouts, squash and carrots were among the most likely to be cut, while mashed potatoes, gravy and stuffing still made the list.
Source: prnewswire.com
US: Albertsons rings up Q2 gains after Kroger merger news
Just days after unveiling a planned acquisition by The Kroger Co., Albertsons Cos. turned in a strong finish to its fiscal 2022 first half, including second-quarter earnings per share that topped Wall Street’s forecast. For the 12-week second quarter ended September 10, net sales and other revenue totaled to nearly $17.92bln, up 8.6% from $16.51bln in the comparable period a year earlier, Albertsons said.
Source: supermarketnews.com
Canada: Metro says its holding prices steady as usual this winter in wake of Loblaw campaign
Grocery chain Metro Inc. said it is holding food prices steady as usual this holiday season, a day after one of its biggest rivals rolled out a price-freeze campaign to fight inflation.
Source: canadiangrocer.com
US: Kroger Delivery arrives in Greater Detroit
The Kroger Co., America's largest grocery retailer, announced the official opening of its newest Customer Fulfillment Center (CFC) in Romulus, Michigan. Powered by the Ocado Group, the CFC will leverage advanced robotics technology and creative solutions to redefine the customer experience for customers in the greater Detroit area.
Source: prnewswire.com
Uber Eats launches new quick commerce offering with Iceland
Uber Eats has launched a new quick commerce offering through the trialling of Uber Eats Market with the Iceland supermarket chain. The company said the move will enable Iceland customers to receive their grocery delivery in as little as 20 minutes.
Source: theretailbulletin.com
UK: Asda launches first ‘Asda Express’ convenience stores
Asda has announced plans to open its first two standalone convenience stores before Christmas, under a new ‘Asda Express’ brand, bringing Asda value and great products to more local communities across the UK. The Asda Express stores will open at Sutton Coldfield on 8th November and Tottenham Hale, London, on 6th December, creating 37 new jobs in the local communities they serve.
Source: corporate.asda.com
Poland's Grupa Muszkieterów close to achieving PLN10bln in sales this year
Grupa Muszkieterów, the Polish arm of France's Les Mousquetaires, is likely to be close to hitting PLN10bln (€2.07bln) in sales by the end of this year, its director general Marc Dherment has said. The group, which manages the Intermarché and Bricomarché chains in Poland, generated a turnover of PLN7.16bln (€1.48bln) in the first three quarters of the year, adding that its expansion is ongoing.
Source: esmmagazine.com
Half of households throw out food every week - new survey reveals
New research commissioned by ALDI Ireland has highlighted the amount of food wasted by Irish households as almost half of those surveyed reported throwing out food every week. Bread (62%) is the most common item that households throw out each week, followed by fresh vegetables (55%) and fresh fruit (52%).
Source: aldipresscentre.ie
Amazon now launched in Belgium
Amazon‘s Belgian website is online. Using the somewhat cumbersome url Amazon.com.be, Belgians can now order and become Prime members. The e-commerce giant plans to expand its Belgian offering in the near future.
Source: retaildetail.eu
Just Eat delivers Q3 profit as cost cuts outweigh lower order volumes
Just Eat Takeaway.com, Europe's largest meal delivery company, said it made an underlying quarterly profit earlier than expected as efforts to cut delivery and operating expenses offset falling orders. The total value of orders, known as gross transaction value (GTV), a common measure for e-commerce companies, rose 2% in the quarter, reflecting higher prices on menus, but the number of orders weakened, in line with analysts' expectations.
Source: reuters.com
Kenya: Putting the pieces of a fragmented food market together
For many Africans, retail fragmentation has driven the cost of living into untenable territory - on average, up to 60% of disposable incomes is spent on food. Kenyan company Twiga Foods has stepped up to change the status quo, a task the Co-Founder and CEO, Peter Njonjo, says demands big ideas. Peter Njonjo remembers the moment he realised he could revolutionise the efficiency of Africa’s food industry: he was in the midst of a failure. “My business partner Grant and I had recognised a very interesting opportunity to export bananas, which grow naturally in Kenya, to the Middle East, where there’s a huge need for bananas”, he recalls.
Source: theceomagazine.com
Ireland: Aldi to create 450 new jobs to meet increasing demand
Aldi has initiated a recruitment drive to fill 450 vacancies across the retailers’ 153 store network in Ireland. The company is recruiting for store assistants including 330 permanent positions and 120 fixed term contract positions.
Source: breakingnews.ie
New Zealand: Reduced to Clear says customer numbers pick up as food prices rise
Reduced to Clear store manager Sunny said the Manukau store had recently installed a small fruit and veg section to encourage shoppers to make it a one-stop shop. Kumara was $3.99/kg, bananas $2.99, carrots $2.79/kg and avocados 99 cents each.
Source: rnz.co.nz
France: Groupe Casino announces disposal of GreenYellow
Groupe Casino has announced that it has completed the sale of its renewable energy business GreenYellow to Ardilan. According to a statement issued by the retailer, Groupe Casino's proceeds from the sale, net of the €165mln reinvestment it made in the business, amount to approximately €600mln.
Source: esmmagazine.com
Singapore: FairPrice launches initiative to help customers cope with rising costs
Popular grocery items, such as fresh fruits and laundry detergents, are on discount at FairPrice supermarkets every week. Prices of 50 essential items, out of a pool of 500, will also be frozen each month under a new initiative known as Greater Value Every Day.
Source: straitstimes.com
Britons shift from fresh to frozen in cost-of-living crunch - NielsenIQ
Britons are shifting away from fresh food to cheaper frozen items and buying less fruit and vegetables and fresh meat, fish and poultry as they seek to manage rising inflation, market researcher NielsenIQ said. The market researcher said volume sales of fresh produce fell 8.3%, while volume sales of meat, fish and poultry fell 8%.
Source: reuters.com