Save A Lot Leverages RangeMe Online Product Discovery Platform
United States: 127 Wall and Yellow Banana join forces with the city of Chicago to fight against food deserts
Yellow Banana, owner and operator of eight Save A Lot locations in the Chicagoland area, announced the receipt of a $13.5 million Community Development Grant from Mayor Lori Lightfoot and the City of Chicago, which will allow Yellow Banana to invest in significant upgrades to its existing Chicago stores, as well as reopen a location in the Auburn-Gresham neighborhood that closed in 2020. The city grant, combined with other funding and funding from Yellow Banana, will bring approximately $26 million in investment to six locations in underserved communities throughout the city’s south and west neighborhoods.
United States: Home Chef expands its footprint to the Southeast with more production space
To better serve its growing meal kit consumers, Home Chef is expanding its Southeast footprint into an all-new production space that will allow for greater capacity and increased efficiency. The company has leased a 181,000 square foot facility at 2120 Skyview Drive in Douglasville, Georgia.
20 years of FreshDirect
It may seem hard to believe, but FreshDirect, the Northeast’s first pure online grocer, is celebrating its 20th anniversary. To mark the momentous occasion, Progressive Grocer Editor-in-Chief Bridget Goldschmidt spoke with FreshDirect Managing Director Dave Bass about how the Bronx, New York-based company acquired the year last by Ahold Delhaize, started in 2002 and where it is heading, as well as the future. e-grocery in general.
United States: Save A Lot plans to expand product supply
Discount grocer Save A Lot uses the RangeMe online product discovery platform to find innovative new suppliers. RangeMe, a subsidiary of Efficient Collaborative Retail Marketing (ECRM), said Save A Lot will have access to more than 200,000 suppliers, with the end goal of sourcing new private and national brand products, increasing selection and to provide continued value for its consumers. The grocery banner has approximately 70% private label inventory.
Amazon gave UK £1m tax credit as profits rise 60% to £204m
Amazon’s main UK division was granted a tax credit of just over £1million last year by HM Revenue and Customs, despite the nearly online retailer’s rising profits 60% to £204 million. The tax benefit was part of €1bn (£850m) in tax credits given to Amazon by governments across Europe, up from €56m a year earlier, according to accounts filed for the Luxembourg division of the American company.
Italy: Selex sees its turnover increase by 4.3% in the 2021 financial year
Italian retail group Gruppo Selex achieved total revenue of €16.9 billion in its 2021 financial year, up 4.3% from 2020. In December last year, the company forecast a turnover of 16.7 billion euros for the year 2021, which would represent a growth of 3.1% compared to 2020.
New Zealand: New World Wairoa opens on a new site with a brand new new generation store
New World Wairoa has welcomed its first customers to its highly anticipated brand new store at 51 Queen Street, Wairoa. The store completely replaces the original store and is New World’s latest generation design and format, while keeping its community at heart. The all-new 2,009 sq m store, almost double the size of the previous store, will provide Wairoa residents and visitors with all the essentials, including a greater range of grocery offerings, a wider variety of fresh fruit and vegetables, a delicious new bakery range – and a wider range of convenient take-out options.
Ocado Retail boss Melanie Smith to quit business next month
Ocado Group, the online supermarket and technology company, said Melanie Smith, CEO of its Ocado Retail joint venture with Marks & Spencer, will leave the business at the end of next month.
China: Missfresh, backed by Tencent, evaluates the sale of a stake for funds
missfresh ltd. is assessing selling stakes in a unit that offers services to fresh produce sellers, including business advice and setting up online stores, according to people familiar with the matter, as the struggling business seeks a lifeline. The company backed by Tencent Holdings Ltd. is working with advisers to gauge investor interest in its smart fresh market business, said the people, who asked not to be identified because the information is private. The process began late last year and Missfresh is seeking a valuation of around $100 million for the unit, the people said. That’s more than the New York-listed company’s market value of $79 million.
Portugal: Continente joins the latest initiative of Too Good To Go
Retailer Continente, part of the Sonae MC distribution group, has joined the Too Good To Go food waste prevention app’s new initiative “Observar, Smeirar, Tavar” (Look, Smell, Taste).
Grocery app Yuu partners with Gophr to guarantee 1-hour delivery
Scottish grocery app Yuu has announced a partnership with last-mile on-demand delivery network Gophr, to deliver essentials across Glasgow in 60 minutes as it seeks to cope with rising ‘dark stores’ (retail outlets that cater exclusively to online shopping) in Scotland.
Carrefour sells its stake in Taiwan to Uni-President
Carrefour announced the sale of its 60% stake in Carrefour Taiwan to its long-standing partner and co-shareholder of the company, Uni-President. The transaction values Carrefour Taiwan at an enterprise value of 2.0 billion euros, Carrefour said in a statement.
UK: Dobbies drops Sainsbury’s for partnership with Waitrose Foodhall
Dobbies Garden Centre’s has launched a new partnership with Waitrose after resident grocery supplier Sainsbury’s pulled out of supply deals. Through the partnership, Waitrose will now supply Dobbies customers with a range of high quality food, groceries and essentials at over 50 garden centers across the UK.
Kazidomi acquires its French competitor Smartfooding
The French market is becoming increasingly important for Kazidomi: the Brussels-based organic online store has taken over its French competitor Smartfooding – including the organic baby food store Graine de bonne santé.
Sainsbury’s invests £1m in UK’s first retail incubator scheme for black-led businesses
Sainsbury’s has announced the launch of a free 16-week incubator program for black-led start-ups, with a £1,000,000 pledge to support their transition to supermarket shelves. Created and implemented in partnership with Foundervine and Mission Ventures, the program is open to agribusinesses seeking to grow but facing one of the many barriers that could hold them back.
China: Didi gets a timid green light from Beijing
Chinese ride-hailing giant Didi may be exiting the Beijing niche. Authorities are preparing a fine of more than $1.3 billion, or about 4.7% of the company’s revenue last year, according to Reuters. This should end a year-long cybersecurity investigation that has hampered business and cost the company its New York listing.