News articles from the FOOD research project.
The owner of the Circle K petrol station chain, Canadian Alimentation Couche-Tard, is offering $ 20 billion for the world's second largest grocery chain - French Carrefour SA. That is about 30 percent above current capitalized values in Carrefour.
Alibaba's founder, Jack Ma, has gone missing after he publicly criticized China's financial system and called for reforms.
It is reason to believe that food prices in UK will rise modestly in the wake of Brexit because food import and export regulations are very similar to the situation ex ante Brexit.
Denmark's largest grocery group, Salling Group, was extremely busy in 2020 and increased its turnover at an unprecedented rate.
The Norwegian Competition Authority is cracking down hard on the use of “price spies” in the major grocery chains in the Norwegian market and warns of a possible fine of NOK 21 billion to NorgesGruppen, Coop and The Reitan Group combined.
The Swedish grocery giant ICA reports accelerating online growth so far in 2020, not least driven by Covid19. Turnover at the store level is also increasing for the same reason.
Tesco has announced that it expects to complete the £8bn sale of its businesses in Thailand and Malaysia to the CP Group within days.
The world’s biggest grocery retailer, Walmart, is among the many grocery retailers that scores high on Covid19. The retail giant delivered a positive surprise despite analysts' optimism about its performance.
Consumer goods giant Unilever will trial a four-day working week in New Zealand to enhance worker wellbeing and boost productivity.
Singapore's Grab has not changed its thinking regarding a future IPO because of COVID-19, according to its president, Ming Maa.
U.S retailer Walmart Inc has agreed to sell most of Japanese supermarket chain Seiyu to the investment firm KKR and e-commerce company Rakuten in a deal that values Seiyu at $ 1.65 billion (172.5 billion yen).
Walmart has dropped plans to use roving robots to scan shelves and keep track of inventory, according to a report by the Wall Street Journal.
Covid19 is a plague and a nuisance for everyone. However, for the grocery retail business it has led to strong growth and increased profitability because people do not eat out anymore. It is more important to note that the Corona is also pushing forward new technological solutions in the value chain.
Supermarket shelves are empty of French products in Kuwait City in a protest of cartoons in the French media illustrating the Prophet Mohammed. The protests are spreading at an alarming rate to all Muslim countries.
The Issa brothers and TDR Capital - a private equity firm - acquire majority ownership stake in the supermarket chain ASDA from US retail giant Walmart.
Lidl is scrapping plans to launch into online grocery in the UK as it closes its digital logistics arm and declares to focus on bricks-and-mortar business.
Tesco increases shareholder payouts as half-year profit soars increases 28.7% to £551 million, mainly due to Corona! *
The reason is that the strong success of Rema 1000's in Denmark is now being copied by rivals.
The American grocery chain Walmart will employ 20,000 seasonal workers to handle e-commerce, and important autumn stunts such as Black Friday, Cyber Monday, Thanksgiving and Christmas shopping.
The retail giant and the drone company will start trials in early 2021.
Iceland, the British frozen discount grocer hires 3000 new workers amid online boom. Trial with food delivery platform Uber Eats has also been launched in London, with plans for a larger rollout if successful.
Executive Vice President Kræn Østergård Nielsen has been appointed CEO of Coop Denmark. Thus, the Danish grocery giant has found a replacement for its longtime CEO Peter Høgsted
The online giant Amazon is expanding and has ordered almost 2,000 green vans for the European market.
Coop is rebuilding 13 of its Fakta stores, which in future will be called Coop 365. The ambition is to take market shares from Lidl and Rema 1000.
Covid-19 does not have a negative effect on everyone. The grocery giant ICA has never done as well as it does now - in Sweden. The reason is, simply put, that because of Corona, customers eat more at home.
Lidl has revealed that it will be opening one store per week in the UK over the next six months, creating up to 1,000 new jobs by the end of the year. The 25 new stores will be opening across England, Scotland and Wales.
The discount chain got new capital injection of DKK 370 million in April but is still losing big money.
The government wants more control over the purchase prices and makes access to retail space easier. But it will not refuse the suppliers to give the chains different prices.
“Discount is Salling Group's key to Poland,” says CEO Peder Bank after the 181-million-pound deal with British Tesco was officially approved last week.
Britain’s accounting watchdog said it has closed its examination into accountants at Tesco in relation to the British supermarket chain’s 250-million-pound overstatement of profit in 2014.
As seen in Britain, the grocery market in Northern Ireland is experiencing strong growth because of the lockdown.
Aldi has started rolling out a new automated traffic light system at its entrances to control the number of shoppers going in and out of stores during the coronavirus outbreak.
Over the past couple of years, many experts have predicted that Walmart's time was over. The future belongs to online stores, some experts claim. Q1 for Walmart, however, tells a different story. The future probably belongs to strong retailers with both online - and – traditional stores.
Governments around the world are edging toward plans to exit mass population lockdowns, albeit at different speeds and in different ways, but the persistent questions for business are around what the future holds and how it should be navigated.
It seems investors do not care that ICA Sweden had more than 8 per cent growth in Q1 2020 - which is huge in grocery context. The reason, of course, is the Corona-crisis.
Britain's biggest supermarket hired 45,000 extra workers at the height of the crisis but is letting some go earlier than planned.
As the coronavirus pandemic spreads across the globe, threatening both lives and livelihoods, fast moving consumer-goods manufacturers continue to play an important role: producing essential items we all rely on for our health and well-being.
Industry executives and market analysts have confirmed that supermarket chains have seen a significant downturn in sales over the last couple of weeks following an easing of stockpiling and the introduction of stringent social distancing measures in stores.
Latest grocery market share figures from Kantar show year-on-year supermarket sales grew by the fastest rate in over a decade during the 12 weeks to 22 March – increasing by 7.6%.
Denmark will not open the borders, although there is optimism about the gradual opening of workplaces and educational institutions, says Mette Fredriksen, Denmark’s prime minister.
The food-retail industry plays a critical role in these uncertain times. Here are six actions food retailers should take to help their communities, their employees, and their business.
Aldi is the supermarket in the UK most recommended by its customers, with none of the “Big Four” making into the top 10 ranking, according to YouGov, a consultancy.
Danes spent DKK 146 billion on the Internet during 2019. That makes it another record year for Danish e-commerce. This concludes the Association for Danish Internet Commerce in an analysis for 2019.
Nestle SA Chief Executive Officer Mark Schneider says the world’s largest food and beverage company plans to become more aggressive with acquisitions, identifying areas including metabolic health and nutrition to push sales growth that remains behind the company’s target.
The grocery giant in Sweden, Ica, did not quite reach the expected result, with recurring costs weighing on the company's Swedish operations. Like industry colleague Axfood, which also opened its books last week, the Ica share fell on the Stockholm Stock Exchange on Thursday morning by six per cent.
Latest grocery market share figures from Kantar show the Big Four supermarket chains continued their downward trend in the new year, whilst the likes of Aldi, Lidl, Ocado and Co-op made further gains.
Automation will reshape retail business models and the broader value chain, creating organizations with fewer layers and a better trained and trusted workforce empowered by real-time data and analytics.
2019 was the year when Aldi passed Europe’s big box flagships, Carrefour and Tesco, taking the second place in the European Grocery Retail Ranking, only behind its rival, Schwarz Group (Lidl and Kaufland).
Walmart Inc., the world’s largest retailer, has fired 60 or more of its executives in India. The move underscores the challenges Walmart has faced in expanding its wholesale business in the country. More job cuts are expected soon.
IGD, a British think tank, visited 1,000 food retail stores in over 45 different countries in 2019. Here you can read of some of the best stores to be on your must-see list in 2020.
The global grocery retail market will generate an additional US$2.2 trillion in sales by 2024, growing by 24%, according to the latest forecast from international research organisation IGD.
The history of Tesco has some parallels to UK. The supermarket chain has grown from a modest foundation to an admired world power with arguably the best stores in the world. Now it is withdrawal and downsizing that applies. If the trends continue, Tesco is soon reduced to ‘UK only’.
77% of UK grocery shoppers have, in the last 12 months, switched, avoided or boycotted buying certain products, or would consider doing so in the future, based on brands’ environmental policies, shows data from Kantar, a consultancy. That is serious for many old brands.
Alibaba, the Internet retailer, raised $ 11.3 billion in Hong Kong on Tuesday. Just a few minutes after the start of trading, the stock rose by almost 8 percent, rising from the initial price of 176 Hong Kong dollars to 189.50 Hong Kong dollars.
Tim Steiner, the co-founder of Ocado Ltd., has ambitions to shake up the British and international retail sector with the online company Ocado.
In these columns we have discussed a great deal about digitalization and e-commerce - a mega trend. Of course, that doesn't mean it's “the end” for traditional stores. A good example is probably that the “online ruler,” Amazon, is stepping up its focus on brick & mortar grocery stores in USA.
Coles is taking its online grocery offering a step further with the launch of a new subscription service that allows customers to make unlimited orders for a flat monthly fee.
E-commerce is knocking out the physical stores. Between 2017 and 2018, the number of retail stores decreased by 6 percent from 35,953 stores to 33,688 in Sweden.
That the grocery giant ICA, in Sweden, does not take market shares, but retains its position as a strong market leader in Sweden is not unexpected, but nonetheless a fact. Good purchasing conditions and efficient operations are the background, but the ICA boss is probably more concerned about market shares than he might like to stress.
Online grocery sales are still not a particularly large market compared to physical grocery sales, but the area is growing, and several large chains such as Coop, Bilka and Netto are already “on the ball”.
French frozen specialist, Picard, wants to grow in Sweden after several years of closures and losses. The owner of Picard Scandinavia, Knut Faremo, draws inspiration from Picard's first store in Norway and will spice up the concept in Sweden shortly. Denmark and Finland are in the cast in 2020. Faremo has ambitions. No doubt.
Lidl wins the newspaper B.T.'s large price check of supermarkets, the chain says in a press release. B.T. has checked the prices of everything from pasta to chocolate biscuits and milk - a total of 97 different products, divided into five product categories, have been tested in 11 grocery chains, and here Lidl was the cheapest in all five categories.
Mike Coupe, CEO from 2014, has been under hard pressure since Britain’s competition regulator in April blocked Sainsbury’s 7.3-billion-pound agreed bid for Walmart daughter Asda. That pressure has cost shareholders 33 percent in reduced shareholder value so far in 2019.
Asda, the British supermarket arm of U.S. retail giant Walmart (WMT.N) that is considering a future UK stock market listing, saw its profit increase 9.2% in 2018 - a year when it was unsuccessfully targeted for takeover by rival Sainsbury’s.
Aldi will double its stores in UK after sales increase of 11%. Aldi says it will step up the pressure on rivals by increasing store numbers in London from 45 to 100 by the end of 2025, by opening more standard-sized Aldi stores and new, smaller-format Local stores on London high streets.
RetailNews, a retail business site, in Denmark, have tested four supermarket websites on design, usability, credibility, inspiration and content. The conclusion of RetailNews is that Nemlig.com is the best online supermarket in Denmark.
The German discounter wrote to suppliers recently asking for their confirmation that they would be “deliver duty paid-ready”. In other words that they were ready to cover extra costs in the event of a “No-deal Brexit.”
Sainsbury’s recorded the smallest sales decline among Britain’s big four grocers in the latest 12-week period, showing tentative signs of improvement after nearly two years of underperformance.
Good results in ICA's Q2 sends the market capitalization up by 8 per cent. Online is growing strongly from a low level and is a focus area for ICA in the years to come.
Online grocery in Asia is developing at a rapid pace, with the market set to grow from its current value of US$99bn to US$ 295bn by 2023, according to the latest forecasts from international researcher IGD Asia.
Those who reject online shopping in groceries as a flop will get a big surprise in a few years, predicts IGD, a British non-profit analysis institute. Three key global markets will see 212% combined online growth over the next five years, according to IGD.
The Swedish Competition Authority has approved Coop’s purchase of Netto's Swedish stores from the Danish retail giant Salling Group.
Britain’s biggest supermarket chain Tesco has announced the closure of four hypermarkets and a distribution center in Poland.
Aldi Süd has revealed it will open stores in China, with the first one opening on the 7 June in Shanghai, writes IGD.
The money is pouring out of the Danish Aldi stores. Aldi Denmark’s results for 2018 are characterized by declining revenue and a posted loss of DKK 381 million.
Less than three months after revealing the end of its partnership with Ocado, Waitrose has outlined plans to triple the size of its online grocery operation over the next three years. The upmarket grocer ambitions are to create a £1 billion operation online.
The Danish supermarket giant Salling Group withdraws from Sweden, which never became a success for the group.
Britain’s competition regulator has blocked Sainsbury’s proposed 7.3-billion-pound takeover of Walmart owned Asda. It is not unexpected, but nonetheless a huge blow to the supermarket groups who wanted to combine to overtake market leader Tesco.
ICA, the Swedish grocery giant with more than 50% market share in its home market, adopts new targets for reduced food waste.
Food companies in nine European countries have received threat letters: Transfer 300,000 Euros or get your goods poisoned.
An old family feud in the German Albrecht family (Aldi) threatens after a testament from the deceased Cäcilie Albrecht excludes Babette Albrecht from any influence in the retail giant valued US$ 40 billion.
Danish Rud Pedersen is now CFO in one of Russia's largest supermarket chains; Lenta. There are few, if any, Scandinavians who reach the top in Russian business. This is perhaps an opportunity for Scandinavian suppliers?
Dairy Farm results in 2018 shows that Health and Beauty segment is strong, but the food business is declining.
Two of Spain's best-known high street names, both still largely family owned, announced record profits for 2018 last week.
Morrisons, Britain’s fourth largest supermarket group reported a rise in quarterly underlying sales on 12 March, though its rate of growth slowed somewhat from a warm weather boost in the second quarter.
Costco Wholesale Corp speeded past analysts’ estimates for quarterly profit on 7 March as the warehouse club operator’s margins were lifted by lower gas prices and a shift to lower-cost sourcing, sending its shares up 5 percent. The company also said pricing pressure on its groceries business had decreased, adding to the optimistic sentiment.
The proposed £12 billion merger of Sainsbury’s (J Sainsbury plc), and Asda (Walmart) could lead to higher prices, a poorer shopping experience and reductions in the range and quality of products offered, fears The Competition & Markets Authority (CMA) in UK.
Walmart Inc posted its strongest holiday quarter in ten years, improved by higher grocery and e-commerce sales. Online sales jumped 43 percent, helped in particular by the expansion of Walmart’s online grocery pickup program to more than 2,100 stores.
Lidl tried to enter Norway several years ago with a likely, but undisclosed loss of several hundred million NOK. In Denmark, however, Lidl succeeds very well.
The Swedish giant ICA continues to deliver. The chain takes market shares from Coop and Axfood, and profitability is good, even though earnings per share is down from last year.
Ocado’s new service Ocado Zoom is set to be tested in West London in March. It will offer customers on-demand “small batch delivery” in one hour or less! One hour, of course, is a formidable logistical challenge.
Hard discounting is founded in Germany, by Aldi and Lidl in a poor and degraded country after World war II. The Russian discounter, Mere, now tries in the lion's cave. Can it work?
Britain’s biggest retailer may cut 15.000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings.
Grocery retail cooperatives are losing market share in Europe. They will account for 27% of retail sales in 2024, a 3-percentage point drop versus 2014, according to LZ Retailytics.
China's e-commerce giant, Alibaba Group Holding, is quietly building a whole economic sphere based on the smartphone payments and services it provides.
Negotiations between the EU and the UK on Brexit are confusing. However, there is no doubt that the uncertain situation is damaging the UK economy. Now several top executives in the grocery industry warn that the uncertainty about Brexit can create chaos.
Sainsbury’s says sales dropped during Christmas after general merchandise trading was hit by consumer caution and rigid competition from hard discounters like Lidl and Aldi.
Grocery stores in Denmark lacks employees and calls on redundant employees from Fætter BR and Toys "R" Us to seek positions in grocery retailing.
Norwegian merchants want less border trade, but do not receive any Christmas presents from Swedish investors. On the contrary, in Sweden they plan for more and more cross border trade.
The Swedish grocery giant, ICA, will increase total investments by 500 million SEK next year, to 4 billion SEK, compared to 2018.
