Tag #Grocery Retail

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repubblica.it

🌐 75% Global Worthiness

May 9, 22:11

Italian Grocery Chains Adapt to Rising Prices and Changing Consumer Preferences

Facing rising food prices and changing consumer preferences in Italy, the Moderna 2020 Srl is transforming its stores into experiential spaces, incorporating digital technologies and sustainable practices to enhance customer experience and attract younger generations.

Italian Grocery Chains Adapt to Rising Prices and Changing Consumer Preferences

Facing rising food prices and changing consumer preferences in Italy, the Moderna 2020 Srl is transforming its stores into experiential spaces, incorporating digital technologies and sustainable practices to enhance customer experience and attract younger generations.

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Responsible Consumption and Production

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What role do private-label brands play in the response of GDOs to changing consumer behavior and market pressures?

The Moderna 2020 Srl, a major GDO operator in Southern Italy, is responding to these changes by transforming its stores into experiential spaces, offering services like specialized counters, in-store bakeries, and rest areas, as well as implementing digital technologies, such as electronic labels and self-checkout.

repubblica.it

🌐 75% Global Worthiness

Apr 15, 22:17

European Grocery Sales Rise in 2024, Reflecting Divergent Consumer Trends

In 2024, European grocery sales showed real growth (2.4%) exceeding inflation (2.3%), driven by varying consumer behaviors and the rise of private labels. Discounters and supermarkets outperformed hypermarkets, while online sales grew by 13.2%.

European Grocery Sales Rise in 2024, Reflecting Divergent Consumer Trends

In 2024, European grocery sales showed real growth (2.4%) exceeding inflation (2.3%), driven by varying consumer behaviors and the rise of private labels. Discounters and supermarkets outperformed hypermarkets, while online sales grew by 13.2%.

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No Poverty

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What was the overall impact of 2024 on European grocery retail sales, considering both growth and underlying economic pressures?

In 2024, European grocery sales grew by 2.4% in value, exceeding inflation (2.3%) and marking the first real growth since 2024. This growth, however, masks a complex reality of consumers split between higher-spending health-conscious shoppers and budget-minded families.

forbes.com

🌐 75% Global Worthiness

Apr 2, 22:16

M&S Chairman: Grocery E-Commerce Unprofitable, But M&S Turnaround Shows Promise

M&S Chairman Archie Norman revealed that grocery e-commerce is largely unprofitable, contrasting this with M&S's successful turnaround achieved through major cultural changes and strategic decisions, while also highlighting challenges in online ventures, cafe operations, and international expansion.

M&S Chairman: Grocery E-Commerce Unprofitable, But M&S Turnaround Shows Promise

M&S Chairman Archie Norman revealed that grocery e-commerce is largely unprofitable, contrasting this with M&S's successful turnaround achieved through major cultural changes and strategic decisions, while also highlighting challenges in online ventures, cafe operations, and international expansion.

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Decent Work and Economic Growth

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What are the key challenges and opportunities facing grocery e-commerce, as evidenced by M&S's experience?

Marks & Spencer's (M&S) chairman, Archie Norman, declared grocery e-commerce unprofitable, citing significant wealth destruction in online food ventures. He highlighted M&S's Ocado partnership as a 'rollercoaster,' showing 13% annual growth despite shareholder skepticism. M&S is completing a £750 million payment for this venture, despite reported performance issues and legal threats from Ocado.

zeit.de

🌐 75% Global Worthiness

Feb 27, 19:14

Rewe Faces Lawsuit Over Deceptive App Advertising

The Verbraucherzentrale Baden-Württemberg sued Rewe for deceptive app advertising of discounts on products like grapes and sparkling wine, failing to show the actual price, leading to a lawsuit filed in Cologne Regional Court.

Rewe Faces Lawsuit Over Deceptive App Advertising

The Verbraucherzentrale Baden-Württemberg sued Rewe for deceptive app advertising of discounts on products like grapes and sparkling wine, failing to show the actual price, leading to a lawsuit filed in Cologne Regional Court.

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Reduced Inequality

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What is the immediate impact of the Verbraucherzentrale Baden-Württemberg's lawsuit against Rewe regarding its app's discount promotions?

The Verbraucherzentrale Baden-Württemberg (VZBW) filed a lawsuit against Rewe in Cologne Regional Court for deceptive advertising in its app. The app advertises discounts without showing the original price, forcing customers to visit the store to determine the actual cost. This practice is considered misleading by the VZBW.

nbcnews.com

🌐 75% Global Worthiness

Jan 28, 01:08

Amazon Appoints Whole Foods CEO to Lead Worldwide Grocery

Amazon announced Monday that Whole Foods CEO Jason Buechel will lead its worldwide grocery business, overseeing Whole Foods, Amazon Fresh, Go stores, and online grocery, succeeding Tony Hoggett who left in October 2022 to join Wondery.

Amazon Appoints Whole Foods CEO to Lead Worldwide Grocery

Amazon announced Monday that Whole Foods CEO Jason Buechel will lead its worldwide grocery business, overseeing Whole Foods, Amazon Fresh, Go stores, and online grocery, succeeding Tony Hoggett who left in October 2022 to join Wondery.

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Reduced Inequality

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What is the significance of Amazon appointing Jason Buechel to lead its worldwide grocery stores?

Amazon's grocery business will now be led by Whole Foods CEO Jason Buechel, expanding his responsibilities to include Amazon Fresh supermarkets, Go cashierless stores, and the online grocery service. This follows Tony Hoggett's departure in October 2022 and reflects Amazon's aim to integrate its grocery operations for a more seamless customer experience.

dailymail.co.uk

🌐 75% Global Worthiness

May 1, 07:15

Costco's Growth Challenges Walmart's Grocery Dominance

Walmart controls 20% of US grocery sales (25% with Sam's Club), while Costco's share increased from 7.6% in 2023 to 8.5% currently, driven by value offerings and its Kirkland brand.

Costco's Growth Challenges Walmart's Grocery Dominance

Walmart controls 20% of US grocery sales (25% with Sam's Club), while Costco's share increased from 7.6% in 2023 to 8.5% currently, driven by value offerings and its Kirkland brand.

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Reduced Inequality

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What is the current market share of Walmart and Costco in the US grocery sector, and what factors contribute to Costco's recent growth?

Walmart captures a significant 20% of US grocery spending, rising to 25% with Sam's Club included. Costco, though smaller, is gaining market share, growing from 7.6% in 2023 to 8.5% currently, attracting customers seeking value during economic uncertainty.

forbes.com

🌐 85% Global Worthiness

Apr 2, 22:16

Grocery Sector Thrives Amidst Shifting Consumer Behavior

In 2024, US consumers spent $21 billion more on dining out than groceries, yet grocery store visits reached 17.2 billion—a 10.9% increase from 2019. This reflects a shift in consumer behavior towards value and efficiency, benefiting discount and specialty grocers experiencing significant growth whil...

Grocery Sector Thrives Amidst Shifting Consumer Behavior

In 2024, US consumers spent $21 billion more on dining out than groceries, yet grocery store visits reached 17.2 billion—a 10.9% increase from 2019. This reflects a shift in consumer behavior towards value and efficiency, benefiting discount and specialty grocers experiencing significant growth whil...

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No Poverty

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How are limited retail spaces and increased competition impacting grocery expansion strategies and investment decisions?

The grocery sector's resilience is driven by consumers' focus on value and efficiency, leading to increased visits to discount and specialty grocers like Aldi and Grocery Outlet. This trend, coupled with limited retail space and high demand, results in fierce competition for prime locations and rising rents, impacting expansion strategies.

theguardian.com

🌐 75% Global Worthiness

Mar 21, 16:11

Asda's Price War Costs Rivals £3.9 Billion

Asda, facing declining sales, slashed prices on 1,500 products, adding to nearly 10,000 price cuts since January, triggering a price war that cost competitors £3.9 billion in market value; however, challenges remain in improving operational efficiency to attract more customers.

Asda's Price War Costs Rivals £3.9 Billion

Asda, facing declining sales, slashed prices on 1,500 products, adding to nearly 10,000 price cuts since January, triggering a price war that cost competitors £3.9 billion in market value; however, challenges remain in improving operational efficiency to attract more customers.

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No Poverty

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What are the underlying causes of Asda's declining sales and its strategy to address these challenges?

Asda's price cuts have triggered a price war, resulting in a £3.9 billion loss in market value for its rivals Tesco, Sainsbury's, and Marks & Spencer. Analysts predict profit squeezes for Tesco and Sainsbury's due to competitive pressure. Asda's actions follow a year of declining market share, attributed to IT issues and debt from a 2021 takeover. This price war highlights the intense competition within the UK supermarket sector.

theglobeandmail.com

🌐 75% Global Worthiness

Feb 19, 16:11

Loblaw to Open 80 New Grocery Stores Amid Inflation

Loblaw Companies Limited announced plans to open 80 new stores in 2024, including 50 discount grocers, as part of a $10 billion, five-year investment to modernize its supply chain and meet consumer demand for budget-friendly options amid rising inflation.

Loblaw to Open 80 New Grocery Stores Amid Inflation

Loblaw Companies Limited announced plans to open 80 new stores in 2024, including 50 discount grocers, as part of a $10 billion, five-year investment to modernize its supply chain and meet consumer demand for budget-friendly options amid rising inflation.

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No Poverty

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What is the immediate impact of Loblaw's $2.2 billion investment in 2024 on the Canadian grocery market?

Loblaw Companies Limited plans to open 80 new grocery and pharmacy stores in 2024, with approximately 50 being discount grocers. This is part of a $10 billion investment over the next five years, including $2.2 billion in 2024 alone. The expansion aims to meet increased demand for budget-friendly options driven by inflation.

theguardian.com

🌐 65% Global Worthiness

Jan 9, 10:08

Tesco Records Biggest Christmas Ever with 4% Sales Rise

Tesco achieved its biggest-ever Christmas sales, with a 4% rise in UK store sales in the six weeks to January 4th, driven by strong fresh food performance and increased online sales, resulting in a 28.5% grocery market share.

Tesco Records Biggest Christmas Ever with 4% Sales Rise

Tesco achieved its biggest-ever Christmas sales, with a 4% rise in UK store sales in the six weeks to January 4th, driven by strong fresh food performance and increased online sales, resulting in a 28.5% grocery market share.

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Zero Hunger

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What were the key factors contributing to Tesco's record Christmas sales, and what are the immediate market implications?

Tesco's UK stores saw a 4% increase in sales during the six weeks leading up to January 4th, marking their best Christmas performance since 2016 and a 28.5% share of the grocery market. This success is attributed to investments in pricing, product quality, and increased staffing (28,000 additional employees).

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