United States: Costco Wholesale Corporation Announces Fourth Quarter and Fiscal 2022 Operating Results
Costco Wholesale Corporation (“Costco” or the “Company”) reported results of operations for the 16-week fourth quarter and 52-week fiscal year ended August 28, 2022. Net sales for the quarter increased by 15.2% to $70.76 billion. , up from $61.44 billion last year. Net sales for the fiscal year increased 16.0% to $222.73 billion from $192.05 billion last year.
US: ALDI overturns the apple pyramid with gimmicks used by traditional grocers that cost shoppers more
ALDI US said, “We are creating a different grocery experience by focusing only on what matters: providing high-quality groceries like fresh fruits and vegetables, award-winning wine and beer, and meat and delicious seafood, our fastest growing categories (ALDI 2017 vs. 2021 sales data), instead of wasting time (and money) on all that extra noise, like apples stacked in a whimsical pyramid. And our simple and effective displays are just the start. Our sales of fresh fruits and vegetables have increased by 70% over the past five years. During this period, we have expanded our assortment by 20%, with an emphasis on organic. »
US: Invafresh Study: Grocery Retailers Say Biggest ‘Threats’ Are Inflation and Supply Chain Disruptions
Invafresh, the industry-leading fresh grocery platform, has announced the results of its 2022 Grocery Innovation Study, which surveyed more than 100 food decision-makers about the impact of technology on their businesses. The results of the study revealed that overall cost reduction measures (48%) and an increasing preference for fresh foods and the need to maintain their quality (43%) are the main drivers for the automation of the operations of the grocery stores. Increasing margins (28%) and reducing food waste (27%) were seen as the biggest challenges technology can solve for the grocery industry.
United States: aim to hire up to 100,000 vacationers, offer offers earlier
Target Corp said it plans to hire up to 100,000 seasonal workers for the holiday season and start offering festive offers earlier than in previous years as it prepares for the critical shopping season in a context of economic slowdown.
Interview with Richard Wardwell: The Latino community drives the growth of Superior Grocers
Supermarket chain Superior Grocers has taken a giant step in its growth plans in Southern California by acquiring 22 stores from Hispanic retailer Numero Uno. Superior Grocers President Richard Wardwell spoke with Abasto about the supermarket chain’s expansion, the importance of the Hispanic community in its growth and how it is going through a period of turbulence due to the pandemic and inflation.
Amazon, Microsoft and Google face UK investigation into cloud computing dominance
Ofcom, the UK media watchdog, is set to launch a study examining the role of Amazon, Microsoft and Google in the cloud services market. Further action could be taken by the regulator if it finds that companies are harming competition.
Holland: Instant Commerce raises 5.4 million euros
E-commerce software startup Instant Commerce has raised €5.4 million in seed capital. The Amsterdam-based company will use the money to expand in Europe and the United States.
UK: Top Morrisons executive feeling strained with exit after 10 years
A senior Morrisons executive is in talks to leave, days after it emerged the Bradford-based grocer had been moved on as Britain’s fourth biggest supermarket chain. Sky News has learned Trevor Strain, Morrisons chief operating officer and former chief financial officer, is close to finalizing his departure.
HappyFresh ceases operations in Malaysia after 7 years
While grocery delivery service provider HappyFresh successfully secured new funding and resumed online grocery business in Indonesia, the group announced it was ceasing operations in Malaysia. The Jakarta-based startup said the company had no choice but to cease operations due to the current economic situation.
Britain’s Tesco under pressure to raise staff pay rates after rivals rise
Tesco, Britain’s biggest retailer and one of the country’s largest private sector employers, is facing calls from unions to raise the pay of store workers after several rivals raised hourly rates for the second time this year.
Opening of the SPAR supermarket in Al Ghubrah, Oman
SPAR Oman has opened a new company-owned SPAR supermarket in a suburb of the capital, Muscat. In this 570m² SPAR store, located in the bustling Al Ghubrah market area, a team of twelve colleagues who run the store provide service across all destination departments, including fish counters, butchers, deli meats, hot meals and take-out meals, as well as fruits and vegetables.
Ninjacart, Backed by Walmart and Tiger Global, Launches “Ninja Global” Agriculture Import-Export Platform for UAE and GCC in Mega Event
Ninjacart, India’s leading start-up that leverages technology and data to organize India’s agricultural ecosystem, backed by Walmart and Tiger Global, has expanded its footprint globally by launching the “Ninja Global” for agricultural import-export businesses in the UAE and GCC countries. The T4 Agri EXIM Summit kick off event was held in Dubai, UAE.
UK: Lidl remains the fastest growing grocery store
Lidl remains the fastest growing retailer in the past 12 weeks ending September 10 as food inflation accelerates and UK shoppers focus on buying little and more often to help manage rising food bills, new data from NielsenIQ reveals.
Second increase this year at Lidl makes it the highest earning UK supermarket
Lidl is raising staff wages for the second time this year in a £39.5million investment that propels it to the top of the supermarket wage charts. Entry-level hourly rates will drop from £10.10 to £10.90 outside London and from £11.30 to £11.95 on the M25 which circles the capital.
New Zealand: Inside the weird, wonderful and expansive world of Auckland’s Costco megastore
Patrick Noone, managing director of Costco New Zealand, gave the media a tour of the global retail giant’s store in the Auckland suburb of Westgate, with its towering shelves nearly full. Globally, Costco purchased approximately US$250 million worth of New Zealand products each year. Much of it was fresh fruit, dairy and meat, but Noone hoped to see an increase in value-added manufactured goods from New Zealand.
Alibaba Cloud unveils strategic roadmap for international trade
Alibaba Cloud, the digital technology and intelligence backbone of the Alibaba Group, announced its latest international strategic roadmap during the Alibaba Cloud Summit 2022. During the three-day summit, the trusted cloud provider unveiled new products to support technology innovation within enterprises, a $1 billion investment for an upgraded global partner ecosystem, and enhanced customer services to provide comprehensive support throughout the digitization journey of a customer.
France: Carrefour management increases its offer in wage negotiations with unions
France’s biggest retailer Carrefour has raised its offer in the third round of wage talks with unions, suggesting a 2.5% pay rise from November this year, a company spokesman said.
More than 250 new supermarkets opened in Portugal in 2021
In 2021, around 257 new supermarkets opened in Portugal, representing a 3.8% growth in retail space, according to Alimarket’s latest report. Although it is a highly concentrated market, in which the top four players represent 67.6% of the sales area and half of the stores, the market still offers opportunities for growth, the study notes.