Eurocash Group announces a “significant improvement” in its profitability in the first quarter
Polish retailer and wholesaler Eurocash Group reported a 12% increase in revenue in the first quarter of its fiscal year, as well as what it described as a “significant improvement” in its profitability. The operating profit for the period increased by more than 30% to PLN 151 million (EUR 32.26 million). This compares to PLN 115.9 million a year earlier.
India: This Sgr e-commerce marketplace aims to provide a platform for small vendors
Sharib Rafiq, 22, from Srinagar has developed an e-commerce platform where customers can now order Kashmiri wazwan, chicken, fresh vegetables and fruits online and so far he has linked more of 100 companies with its startup in the city. Sharib, a nanoscience student from Islamia College has recently developed a “GetDayToday” website and app, which offers essential products online, including Wazwan, chicken, fresh vegetables, fruits, milk, bakery and many other items.
Icelandic supermarkets in the Czech Republic file for bankruptcy
The Czech subsidiary of the British supermarket chain Iceland has filed for bankruptcy. The chain has been strongly impacted by the Covid pandemic and Brexit. Bankruptcy filing for ICL Czech, which operates the Czech branch, following news of the chain’s closure close its Czech stores. Much of the Czech branch’s stock was imported from the UK, and the cost of importing items has increased significantly due to the UK’s departure from the European Union in early 2020.
Germany: Edeka Minden-Hanover sees sales increase by 3.5% in fiscal year 2021
Edeka Minden-Hanover reported a 3.5% increase in group sales, to around 11 billion euros, in its 2021 financial year. Sales of organic items increased by 20%, to 607 million euros, against 498 million euros the previous year. The total number of organic products stored in Edeka Minden-Hanover amounted to around 13,800.
UK: Social supermarkets offer choice and self-esteem to struggling workers
In the crypt of a 283-year-old London church, you wouldn’t normally expect to see stalls of fresh fruit, vegetables, meat and fish alongside shelves of tinned food, toilet rolls and nappies, and customers with baskets doing their weekly shopping. . But from September it will be the scene of the City of London’s first social supermarket, due to open in the vaults of Christ Church Spitalfields, a church designed by Nicholas Hawksmoor close to the financial district.
LuLu promotes SR10, 15, 20 promotion all over Saudi Arabia
LuLu shoppers across the Kingdom of Saudi Arabia will be able to splurge without breaking their wallets, thanks to LuLu Hypermarket’s incredible SR10 15 & 20 promotion that has kicked off. A wide range of products – fruits and vegetables (fresh as well as chilled/frozen), essential groceries and assorted foods under the private label LuLu, as well as practically everything a family would need, are covered by the promotion. The promotion is the latest this year and runs from May 15 to 21 at all LuLu hypermarkets in Saudi Arabia.
India’s Reliance to Acquire Dozens of Brands in $6.5 Billion Consumer Goods Game
India’s biggest retailer Reliance is to acquire dozens of smaller grocery and non-food brands as it aims to create its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, say to Reuters two sources close to the project.
France: Casino announces plans to sell renewable energy unit, shares
French retailer Casino said in a statement that it had launched a process to sell its renewable energy unit GreenYellow in view of a potential transaction by the end of the year, pushing its shares up by 3, 6%. French financial daily Les Echos reported that French energy giant TotalEnergies and electricity company Engie are considering the acquisition of GreenYellow, valued at around 1.5 billion euros ($1.56 billion).
Kenya: Twiga ventures into commercial farming, seeking to ensure quality and maintain supply
Twig, a B2B e-commerce food distribution platform, announced the launch of its new subsidiary, Twiga Fresh, through which it will grow and distribute its own agricultural products to traders. Twiga said it has started producing horticultural products like onions, tomatoes and watermelons on its 650 hectares (1,606 acres), with an estimated production of 150,000 tonnes of fresh produce per year. Twiga has so far invested $10 million in the new venture, which will be backed by debt from development finance institutions.
Ireland: SuperValu announces the “Taste of Local” initiative
Irish retailer SuperValu has launched a new initiative – local taste – to showcase Irish small food and drink producers in stores across the country. The ‘Taste of Local’ section in SuperValu stores will feature products from 33 new Irish food and drink producers, who completed this year’s Food Academy programme. New products this year include plant-based offerings, organic products, healthy convenient meals, as well as innovative non-alcoholic beverages.
United States: Kroger Zero Hunger | The Zero Waste Foundation funds research on food waste
With about a third or more of US food waste occurring in households, The Kroger Co. Zero Hunger | Zero Waste Foundation has partnered with the Foundation for Food and Agriculture Research (FFAR) to launch the Food Waste Challenge develop an original methodology for quantitative measurement of food waste generated in American households. According to the foundations, objective quantitative measures would provide an accurate picture of the sources of food waste and strengthen efforts to reduce it throughout the food system.
United States: PCC Community Markets grants subsidies to organic producers for 2022
PCC Community Markets (PCC), the largest community food market in the United States and one of Seattle’s premier grocers, announced that it has awarded $25,000 in organic grower grants to 6 small and medium-sized farms in Washington State. The recipients of the 2022 PCC Organic Producer Grants are Clover Mountain Dairy (Chewela), Alluvial farms (Everson) Silva Family Farm (Oak Harbor), Royal produce farm (Royal City), Long-gilled farm (Rockport), and Ranch due to rent (Stanwood).
Stater Bros. Markets and FirstFruits Marketing are donating £20,000. apples at Feeding America Riverside | Saint Bernardine
Stater Bros. Markets recently donated 20,000 books. fresh apples at Feeding America Riverside | San Bernardino (FARSB) as part of the Take a Bite Out of Hunger™ program sponsored by FirstFruits Marketing of Washington. The donation ensures that local food banks will be well equipped to provide nutritious fresh fruit to underserved people in the local community.
US: Beyond Meat shares tumble after choppy launch leads to bigger-than-expected loss
Beyond Meat announced a bigger-than-expected loss for its first quarter as it offered deeper discounts and cheaper prices to international consumers. The launch of the company’s plant-based jerky weighed heavily on margins, the company said. The company’s gross margin was 0.2% of revenue in the quarter, down sharply from its gross margin of 30.2% a year ago.