Aldi Denmark will sell fruits and vegetables at lower prices in all stores
China: Yonghui supermarket chain net profit up 35% in H1
The Chinese operator of the Yonghui Superstores Co., Ltd. reported 35.36% year-on-year net profit growth in the first half of 2020. Net profit for the January-June period reached 1.85 billion yuan (about $ 270 million), said Yonghui Superstores . in its interim financial report filed with the Shanghai Stock Exchange. Meanwhile, the company, part-owned by e-commerce giant JD.com and internet giant Tencent, generated total revenue of 50.52 billion yuan, an annual increase of 22 , 68%. Comparable store sales increased 7.4% year over year.
7-Eleven Malaysia maintains profits despite Covid-19 uproar
The 7-Eleven Malaysia convenience store chain has maintained profitability despite the impact of the coronavirus pandemic. Profit for the first half of the current fiscal year from the brand’s convenience stores and pharmaceutical businesses was US $ 5.8 million and US $ 1.4 million, respectively. The group’s consolidated profit after tax for the six-month period was $ 3.35 million. Activity remained healthy despite restrictions related to Covid-19 which imposed restricted hours and the temporary closure of certain stores. Stores still cannot trade 24 hours a day.
EBRD and commercial banks lend $ 100 million to Ukrainian supermarket chain Novus
Ukrainian supermarket chain Novus has received a syndicated loan of $ 100 million from the European Bank for Reconstruction and Development (EBRD) and other banks, the company announcement. Novus will get nearly $ 35 million of the $ 100 million from commercial banks. With this money, Novus plans to build 30 new supermarkets across Ukraine and the country’s first green warehouse in Kiev to store goods and deliver them to customers. Novus, now owned by Lithuanian investment company BT Invest, is one of the EBRD’s biggest clients in the Ukrainian retail market.
Denmark: Aldi partners with ‘Too Good To Go’ to fight food waste
Aldi Denmark announced that it will sell fruits and vegetables at lower prices in stores across the country in association with the food waste prevention app, Too Good To Go. The initiative will see the retailer rolling out “bags of happiness” including fruits and vegetables at reduced prices via the app. The fruits and vegetables offered in the “bags of happiness” are safe to eat but were reportedly discarded due to damaged packaging or slight dents and imperfections, the company said.
UK: Costcutter Supermarkets Group ranked top in industry survey
Costcutter Supermarkets Group celebrates after achieving top ratings from buyers and suppliers in industry surveys. The retailer ranked first in all customer satisfaction measures under the HIM Convenience Tracking Program (CTP) and achieved the highest performance ratings from major UK suppliers in the categories of personnel, marketing and confidence. These results were based on the latest Advantage report – dropping it from third to second highest rated retail group.
Source: asian trade.biz
United Kingdom: M&S food goes fully online with the launch of Ocado
Starting Tuesday, Marks & Spencer will start doing something that many of its competitors have been doing for years: It makes its entire line of food products available to order online. M&S has purchased a 50% share of Ocado’s retail business, providing the grocer with Internet delivery service for the first time. The launch comes at a crucial time for M&S, which is cutting 7,000 jobs.
Grocery retailer Bindawood announces plans to list on Saudi stock exchange
Saudi grocery retailer BinDawood Holding Co has announced plans to list on the Saudi stock exchange, with the intention of selling existing shares and having a 20% free float. The company has 73 stores including 51 hypermarkets and 22 supermarkets, making it the third-largest operator of hypermarkets and supermarkets in Saudi Arabia by revenue in 2019, he said. BinDawood Holding, which controls BinDawood and Danube supermarket chains in the kingdom, postponed its planned IPO this year following the coronavirus outbreak.
Italy: Aldi arrives in Milan, opening two stores
Aldi Italia opened its first stores in Milan, unveiling two outlets – one near the city’s central station and the other in the Giambellino district. The discounter’s debut in Milan marks an important step in the company’s expansion plans and follows store openings in neighboring areas such as Pioltello, Magenta and Segrate.
Hema opens in Mexico, but (for now) only online
Dutch retailer Hema entered the Mexican market through an online store. The opening of 200 physical stores – scheduled for this year – has been delayed due to the Covid-19 crisis. Hema had announced its launch in Mexico earlier this year: in collaboration with local franchise partners Ensueno Group and Modateles Group, 200 stores were due to open before the end of the year. However, since then things have gotten a bit complicated for the Dutch chain: turnover has plummeted due to the coronavirus crisis and a fight for ownership has gotten pretty ugly.
United States: Tops presents the Shop + Scan app
Recognizing that customers are increasingly looking for contactless shopping options, Tops Markets LLC began piloting the Tops Shop + Scan app at a location in Amherst, New York. With the app, customers can use their phones to scan their selected groceries, then they pack their items while they shop. During the shopping trip, the user will see a running total and have their savings and rewards applied automatically. When they’re done, they go to the designated payment terminal for a quick and easy checkout process.
Amazon Receives U.S. Regulatory Approval to Launch Drone Delivery Trials
Amazon.com Inc’s drone service has received federal approval that will allow the company to begin testing commercial deliveries through its fleet of drones, the e-commerce giant said. Amazon Prime Air, the company’s special service that delivers packages in 30 minutes or less, has been approved by the U.S. Federal Aviation Administration (FAA) to test order delivery using autonomous drones.
United States: HelloFresh expands with distribution
The supplier of meal kits HelloFresh increases its distribution power. The company has revealed that it will lease new distribution centers in Newnan, Ga., And Irving, Texas, providing increased capacity through expanded supply chain capabilities to meet growing demand in key locations from southeast and central Texas. This expansion will allow HelloFresh to meet rapidly growing demand and better serve new and existing customers.
Walmart to launch membership program, Walmart +, in mid-September
Walmart will launch its highly anticipated membership program on September 15, seeking to capitalize on the strength of its grocery business and the desire of customers to find more convenient ways to shop. The subscription service, however, is notable for what it won’t include. It won’t have the feature that its rival, Amazon Prime, boasts: free shipping for every item. Walmart + members will get unlimited free shipping, fuel discounts of up to 5 cents per gallon, and access to a Scan & Go app that lets shoppers skip the line. But they’ll still need to meet a minimum of $ 35 for every online order to avoid charges, whether it’s shipped to your door or dropped off at their doorstep. It will cost $ 98 per year, or $ 12.95 per month.