ICA invests 4 billion in 2019
The Swedish grocery giant, ICA, will increase total investments by 500 million SEK next year, to 4 billion SEK, compared to 2018.
Food News
Aldi Denmark has received 2.7 billion DKK in six years
Aldi Nord continues capital injection to Aldi Denmark with a new supply of 200 million DKK in November. So far this year the Danish daughter has been given 400 million.
Global online grocery up 15 percent in two years
Global online purchasing of packaged and fresh groceries has surged by 15 percent in the past two years, leading to an estimated increase of US$ 70 billion in online sales of FMCG (Fast Moving Consumer Goods).
The grocery industry is increasingly politicized
Power struggle between chains and suppliers is no new phenomenon, but it's growing. Therefore, the business is more politicized throughout the EU than just a few years back. In Denmark, the retailers fight all they can against new EU rules that, according to their view, threatens the free right of negotiation between seller and buyer.
Netto dreams of the Løve effect
The Danish Netto stores have been known to be ugly, boring and outdated, but cheap. Cheap is no longer enough for the Danish consumer.
Good top line growth weak bottom line for Sainsbury's
Interim results on Thursday 11 November show sales across the Sainsbury group rose 3.1 per cent to £15.1 billion in the 28 weeks to 23 September 2018.
Strong report by Ica
The Swedish grocery giant, Ica, delivers a report where both earnings and revenues surprised positively in third quarter, ending 31. September.
Smaller formats and proximity shopping are ultramodern
LZ Retailytics forecasts that the smaller the format, the faster it will grow. Thus, small minimarkets are set to grow faster than large minimarkets, followed by small supermarkets, medium sized supermarkets and large supermarkets.
Sears is bankrupt
The American icon in retailing, Sears, is (almost) bankrupt after 125 years of business. It is e-commerce that has broken the company.
Tesco calls for Amazon tax
Tesco’s chief executive, Dave Lewis, has called for the introduction of an “Amazon tax” on online sales to prevent more high street stores going bust.
ICA declares war on plastic
ICA, the Swedish grocery giant, has declared war on plastics. ICA phases out all plastic disposables throughout the group by 2020!
Metro AG sells Real hypermarkets
“Our decision to put Real for sale is met with interest,” so we are optimistic, says CEO Olaf Koch. Metro announced late last week that it wants to sell Real, with 282 stores and 34,000 staff, to focus on its wholesale business.
Tesco takes on Aldi and Lidl with new Jack's chain
The British supermarket chain has for long been haunted by German low-price warriors, Lidl and Aldi in their home market. Hence CEO Dave Lewis opened the new low-price chain, Jack’s, in Chatteris on Wednesday. Lewis claims it will be the cheapest in town.
Nestlé in political trouble at The Philippines
The global food giant, Nestlé, threatens the authorities to withdraw from The Philippines if the company does not receive tax privileges.
Coca Cola invests in coffee
Coca-Cola Co has agreed to buy coffee chain Costa for $5.1 billion including debt to extend its push into healthier drinks.
Huge investment awaits Aldi in Denmark
Aldi Denmark has been in Denmark for years but is still losing money every year. That, however, doesn’t stop the discount giant from having offensive investment plans, building new stores this year and further ahead.
2 billion metric tons of food are wasted
Up to a third of fresh food grown on British farms — including 2,500 metric tons of Scottish strawberries is rejected each year because its appearance does not meet standards expected by supermarket chains and the EU.
Walmart beat expectations
The world’s biggest retailer, Walmart, beat analysts’ expectations, sending shares rising with more than 10 percent on New York Stock Exchange (Thursday morning 16 August). If the gains hold, the stock is on course for its biggest intraday increase since 2008.
Tesco plans hard discount chain
Tesco is preparing to launch a new discount chain as early as September, as the supermarket ramps up its battle with the hard discounters Aldi and Lidl, writes The Guardian.
Walmart out of Japan
US giant, Walmart, is not satisfied with its Japanese business and is selling its wholly owned grocery chain; Seiuy. Out of Brazil, out of Great Britain and maybe out of Japan. Globalization is not easy, not even for Walmart.
Carrefour in alliance with Tesco!
British Tesco broadcasted a "long-term strategic alliance” with the French supermarket giant Carrefour this week! That is shocking news for the entire industry, retailers, suppliers and analysts.
Unfair trading methods exists, but are not serious
There are unfair trading methods in the Swedish food market, but there is no clear evidence that they occur to such an extent that it seriously distorts competition in the food market, concludes the Swedish Competition Authority in its new report "Competition in the Food Chain".
Fix the food, and we fix the planet
Professor Johan Rockström in this chronicle shares views of vital interest globally and locally. What is most important for the world economy and future welfare; that we avoid steel tariffs or that we have a sugar tax, he asks?
Sainsburys & Asda in political calamity
The CEOs of Sainsbury’s and Asda are set to be grilled by MPs on questions regarding the grocers’ proposed merger, writes Elias Jahshan.
Walmart out of Brazil
Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International. For Walmart, Brazil has been a nightmare.
Half of Walmart's workforce are parttime workers
Part-time workers account for half of Walmart’s workforce, up from 20 percent in 2005, according to Reuters.
Micro trading and experiences shape the future's consumption
Despite increased e-commerce, future consumers will continue to trade in physical stores. But in the stores, they want to see more “happenings” and unique micro produced goods and services.
Consolidation is the name of the game
The Schwarz Gruppen, which owns Lidl and Kaufland, exceeded 106 billion euro in turnover in 2017, and is by far the biggest player on the European market for grocery retailers.
ICA invests 600 million SEK on e commerce
Ica Sweden will invest approximately 600 million SEK in a fully automated e-commerce solution from UK Ocado in 2018-2022.
Sainsbury's merges with Walmart's Asda
Sainsbury’s (SBRY.L) and Asda, the UK arm of Walmart (WMT.N), confirmed on Monday they had agreed a 13.3 billion pounds merger to create Britain’s biggest supermarket group by market share, surpassing current leader Tesco (TSCO.L).
Axfood operating profit beats forecasts
The Swedish grocery retailer beats forecasts in Q1 according to Reuters. CEO in Axfood, Klas Balkow, is also very satisfied, not least because Axfood takes market shares, beyond doubt, one of the most important performance indicators in food retailing.
Lithuanian Competition Authority stops Rimi Baltics acquisition of UAB Palink
Doubts the buyers' competitiveness and long-term commitment to each store.
The Swedish government will imprison food cheaters
Karin Brynell, CEO for the trade association Svensk Dagligvarehandel, supports a proposal for imprisonment for food cheating, but she believes that food control should have more resources. A new law will have minimal effect if it is not followed up by more resources, she believes.
European supermarkets boycott Nestle
Nestle, which in February reported its weakest annual sales growth in at least two decades, is under heavy shareholder pressure to boost sales and profit margins.
Alibaba bets billions on Ele me
Chinese e-commerce giant Alibaba Group Holding Ltd said second of April it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, according to Reuters.
Shares in French Casino rise on an agreement with Amazon
Shares in the French retailer Casino surged Tuesday 27 March 27 after a deal with the internet giant Amazon was known.
Strong European Grocery Growth
The European grocery retail market will add €377.6 billion in sales to reach €2,289 billion by 2022, with growth in the region driven by the dynamic economies of Central and Eastern Europe, according to new forecasts from international grocery research organization, IGD.
Aldi breaks with fixed low prices
For the first time in 40 years, customers can now find offers in Aldi on selected days in Denmark, according to Dansk Handelsblad.
Eight stores to visit in the Nordics in 2018
Harriet Cohen, Senior Retail Analyst leads IGD’s research in the Nordics. Here she highlights eight of the best stores to visit across Oslo, Stockholm, Copenhagen and Helsinki.
NorgesGruppen wants to take more responsibility for public health
"Our top boss is the customers. They want a slightly healthier and slightly greener shopping cart. We will make that happen," promises CEO Runar Hollevik of NorgesGruppen.
Import protection and its consequences
Do we know enough about the import protection and its consequences? Enough to say that we protect not only Norwegian industry but also Norwegian consumer interests?
Retailers need to recalibrate their approach to reach millennials
Retailers should re-assess their business strategy and technological prowess by benchmarking their store layouts, systems and processes against shopping preferences of millennials and post-millennials, who are going to redefine the future of retail, argues GlobalData.
Ingvar Kamprad passed away Sunday 28 January
Ingvard Kamprad, founder of IKEA and Sweden's most famous entrepreneur died Sunday 91 years old. "I started making furniture because I was too lazy to become a farmer," he said to this writer some years ago, and he meant it.
Norway is a smuggler's paradise
The Norwegian customs made record seizure of smuggler beer in 2017. It worries the beer industry, and it should worry the government.
Rema 1000 overtakes Lego
For the first time, Rema 1000 takes the position as the best-known brand in Denmark, according to YouGov BrandIndex.
Big risk for a price war
2017 has been a busy year for food & grocery – we have seen mass consolidation, the continuation of supermarket diversification into new areas, and a change in consumer eating and spending habits, writes GlobalData.
Homemade food popular again
Homemade food has been losing ground in USA for years. The trend seems to turn now. That is good news for food retailers.
Is Amazon's next target target?
It seems unbelievable, writes bloomberg.com, but a well-respected Wall Street analyst has suggested that Amazon's next brick and mortar acquisition could be Target.
Swedish ICA has record online sales and trust it will increase
During the Ica groups Capital Markets Day in Stockholm recently, the board of directors made it clear that ICA is going to invest heavily in e-commerce in the coming years.
Aldi number 2 in Europe
Aldi Süd and Aldi Nord will be the second largest supermarket player in Europe in 2018. In 2016, Aldi was number five only.
The search for the right online grocery business model
Online grocery business is bad right now, with negative margins, but “everybody” is testing one or more models.
Asia continues to dominate growth in global grocery retailing
The global grocery retail market will add $2.7 trillion in sales to 2022, with growth in the next five years dominated by Asia, according to new forecasts released today by international grocery research organisation IGD.
Brick and mortar is still important for retail
Online trade in retailing is growing fast, but in retailing brick and mortar stores are by no means outdated.
Is the party over for ready-made dinner solutions?
The Swedish "dinner box" has been at the forefront of e-commerce with food in Sweden, but now the Swedish taste seems to have changed. "The market for ready-made dinner solutions has slowed down," says Jonas Karlén, CEO of Linas matkasse (Lina’s food box).
IGD forecast strong online grocery trade in Asia
The international Think Tank IGD expects a growth explosion in grocery e-commerce in Asia the coming three to five years.
Danish Coop combat headwinds
Last year, Coop announced plans for more unmanned stores, where customers themselves must scan and pay for the goods. But the message did not fall in good ground among the Danes on social media, Metroxpress Copenhagen articulates
ICA buys IKI
Swedish ICA buys Lithuanian grocery chain IKI. The purchase price is 213 million euro, which corresponds to approximately 2.2 billion Swedish kronor.
Sainsburys slashes 2000 jobs
The British supermarket chain Sainsbury’s is axing 2,000 store and back office roles to cut £500 million(!) in costs. The big question is if cost cutting is enough, or if the whole business model must be changed?
Amazon deal will revolutionise the online food retail sector
The recent proliferation of acquisitions and partnerships in the global food retail sector will define the future of grocery retail says GlobalData, a recognized leader in providing business information and analytics.
Food industry has to change the mindset
The food industry has to change its mindset on health and sustainability, says Danone boss, Emmanuel Faber, to just-food.com.
Wal-Mart expects 40 percent growth in online sales
Wal-Mart Stores Inc. on expects a 40 percent rise in U.S. online sales next year as it ramps up competition with Amazon. The news pushed the shares of the world’s biggest brick-and-mortar retailer to the highest in more than two years, writes Reuters.
Safeway goes green
Safeway has enrolled 11 of its stores in Manomet's Grocery Stewardship Certification (GSC) program, making them the first stores in California to pilot the program.
Great skepticism against industrial food
Four out of ten Norwegian consumers believe industrialized food is unhealthy, according to a new survey.
Lidl has become a major threat to Ica!
The Swedish food giants Ica and Axfood are threatened by the German super discounter Lidl, and by the long-time underdog in the Swedish market; Coop!
Migros opens pick-up stations to competitor
Swiss retailer Migros has started to offer customers of www.brack.ch the opportunity to get their orders delivered to Migros’ PickMup locations.
Nestlé sets profit margin target of 18,5 percent!
Nestlé set a profit margin target for the first time on 2017-09-26, to satisfy Third Point, a very activist investor in Nestlé.
Lacks a good recipe for online grocery shopping
Things must change if anyone intends to make large profits from the online grocery shopping market, writes Professor Frode Steen and Assistant Professor Simen Aardal Ulsaker in a chronicle published in the Norwegian financial daily, Dagens Næringsliv.
Lidl opens new green store in Sweden
Lidl is to open a new concept store in Sigtuna, north of Stockholm, early 2019. It will be a green store with sun-panels, eco-zones and chargers for electric cars and bicycles.
East European shoppers are cheated with inferior products
European commissioner says firms ‘misled’ consumers by wrapping worse versions of well-known goods in same packaging, writes The Guardian.
Starbucks will close down all Teavana stores
The Starbucks-owned Teavana brand is closing down all its storefronts, in what is the latest blow to struggling American malls.
Coop will not take part in Danish price war
Coop currently has no current plans to go into the footsteps of the Danish Supermarket in the price war. Retail analyst expects Coop loosing customers, writes Dansk Handelsblad.
Strong increase in cross-border trade
In the last year, Norwegians have spent NOK 14.9 billion on border trade, reports Statistics Norway. The increase is NOK 1.4 billion - 11 percent - from July 2015 to June 2016.
Amazon buys Whole Foods
Internet giant Amazon has made its biggest acquisition ever with the purchase of the American supermarket chain Whole Foods.
Tesco Launches One-Hour Grocery Delivery
Following a successful trial, Tesco has announced that it is launching its Tesco Now one-hour delivery service in Central London.
Modest growth
Modest growth in Norwegian grocery sales in the first half of the year.
Dealmaking at Nestlé
Nestlé SA Chief Executive Officer Mark Schneider previously transformed a sleepy German hospital operator into a stock-market darling via more than 30 acquisitions. Now he wants to return to dealmaking at his new employer where the challenges are bigger.
Aldi North invests 5 billion euros
German discount grocery chain Aldi North is planning to spend more than 5 billion euros ($5.71 billion) to revamp its stores around the world.