News articles from the FOOD research project.
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.
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 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).
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.
The Danish Netto stores have been known to be ugly, boring and outdated, but cheap. Cheap is no longer enough for the Danish consumer.
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.
The Swedish grocery giant, Ica, delivers a report where both earnings and revenues surprised positively in third quarter, ending 31. September.
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.
The American icon in retailing, Sears, is (almost) bankrupt after 125 years of business. It is e-commerce that has broken the company.
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, the Swedish grocery giant, has declared war on plastics. ICA phases out all plastic disposables throughout the group by 2020!
“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.
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.
The global food giant, Nestlé, threatens the authorities to withdraw from The Philippines if the company does not receive tax privileges.
Coca-Cola Co has agreed to buy coffee chain Costa for $5.1 billion including debt to extend its push into healthier drinks.
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.
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.
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 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.
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.
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.
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".
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?
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 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.
Part-time workers account for half of Walmart’s workforce, up from 20 percent in 2005, according to Reuters.
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.
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 Sweden will invest approximately 600 million SEK in a fully automated e-commerce solution from UK Ocado in 2018-2022.
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).
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.
Doubts the buyers' competitiveness and long-term commitment to each store.
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.
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.
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 the French retailer Casino surged Tuesday 27 March 27 after a deal with the internet giant Amazon was known.
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.
For the first time in 40 years, customers can now find offers in Aldi on selected days in Denmark, according to Dansk Handelsblad.
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.
"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.
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 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.
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.
The Norwegian customs made record seizure of smuggler beer in 2017. It worries the beer industry, and it should worry the government.
For the first time, Rema 1000 takes the position as the best-known brand in Denmark, according to YouGov BrandIndex.
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 has been losing ground in USA for years. The trend seems to turn now. That is good news for food retailers.
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.
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 Süd and Aldi Nord will be the second largest supermarket player in Europe in 2018. In 2016, Aldi was number five only.
Online grocery business is bad right now, with negative margins, but “everybody” is testing one or more models.
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.
Online trade in retailing is growing fast, but in retailing brick and mortar stores are by no means outdated.
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).
The international Think Tank IGD expects a growth explosion in grocery e-commerce in Asia the coming three to five years.
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
Swedish ICA buys Lithuanian grocery chain IKI. The purchase price is 213 million euro, which corresponds to approximately 2.2 billion Swedish kronor.
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?
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.
The food industry has to change its mindset on health and sustainability, says Danone boss, Emmanuel Faber, to just-food.com.
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 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.
Four out of ten Norwegian consumers believe industrialized food is unhealthy, according to a new survey.
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!
Swiss retailer Migros has started to offer customers of www.brack.ch the opportunity to get their orders delivered to Migros’ PickMup locations.
Nestlé set a profit margin target for the first time on 2017-09-26, to satisfy Third Point, a very activist investor in Nestlé.
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 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.
European commissioner says firms ‘misled’ consumers by wrapping worse versions of well-known goods in same packaging, writes The Guardian.
The Starbucks-owned Teavana brand is closing down all its storefronts, in what is the latest blow to struggling American malls.
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.
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.
Internet giant Amazon has made its biggest acquisition ever with the purchase of the American supermarket chain Whole Foods.
Following a successful trial, Tesco has announced that it is launching its Tesco Now one-hour delivery service in Central London.
Modest growth in Norwegian grocery sales in the first half of the year.
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.
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.
