Retail

Tesco named South African Stone Fruit Retailer of the Year 

Tesco named South African Stone Fruit Retailer of the Year 

Published on Sep 17th, 2020

 

UK retailer Tesco has been recognised by the South African stone fruit sector for its strong performance and promotional support during the 2019-20 season. South African growers’ association Hortgro presents the Stone Fruit Retailer of the Year prize to a UK supermarket each year. According to a statement by Hortgro, Tesco saw a noticeable increase in sales this season, with the retailer selling over three million kilos of South African stone fruit across its stores, with nectarines faring particularly well. 

Asda trials removal of plastic fruit and veg bags 

Asda trials removal of plastic fruit and veg bags 

Published on Sep 17th, 2020

 

UK retailer Asda has announced is to dispense with plastic bags for loose fruit and veg bags at nine of its UK stores. The trial began on 7th September and could save around 141 tons of plastic a year, the equivalent of over 3.5 million bags. To replace plastic bags, Asda is offering ‘Veggio’ bags, which cost 30p each. Similar projects have recently been launched at Morrisons and Sainsbury’s.

Coviran opens “new concept” supermarket  

Auchan announces steps to complete transition

Auchan announces steps to complete transition

Published on Sep 16th, 2020

Auchan France has laid out its plans to implement the key initiatives established in the 2022 transformation plan. According to Auchan Retail France’s chief executive, Jean-Denis Deweine, the retailer is to focus on five strategic priorities:

  • Improve the offer: with more focus on local and exclusive or artisanal products and private labels

  • Update its hypermarkets

First RT-Mart Super opens in China

First RT-Mart Super opens in China

Published on Sep 15th, 2020

China's largest retailer, Sun Art Group, has opened its first RT-Mart Super. Located in Changzhou. this is RT-Mart's first medium-sized store. With a sales area of 3,900 m2, the store carries more than 1,500 SKUs, covering main categories such as fresh, dairy, chilled, ambient as well as general merchandise products. The group is actively seeking ways to lessen its reliance on hypermarkets, as China’s consumers gravitate towards smaller and more compact stores, partially driven by China’s urbanisation.

Rocketing vegetable prices in South Korea

Rocketing vegetable prices in South Korea

Published on Sep 15th, 2020

A typhoon-hit summer has driven up vegetable prices in South Korea, as the country prepares for the Chuseok festival in autumn. JoongAng Daily reports that the prices of various kinds of vegetable have risen sharply. According to Korea Price Information data, the cost of offerings to ancestors at the Chuseok festival currently stand at around US$228 at a traditional market, up 15.5% from 2019. The price rises in supermarkets is even more pronounced, with average cost of offerings going up by 24.7%.

Amazon to buy $20 billion stake in India's Reliance Industries 

Amazon to buy $20 billion stake in India's Reliance Industries 

Published on Sep 14th, 2020

Reliance Industries is offering to sell a US$20 billion stake in its retail business to Amazon.com Inc., according to a report by Gulfnews. Amazon has held discussions about investing in the conglomerate's Reliance Retail Ventures Ltd. unit and has expressed interest in negotiating a potential transaction. Mumbai-based Reliance Industries, owned by Indian billionaire Mukesh Ambani is willing to sell as much as a 40% stake in the subsidiary to Amazon.

Morrisons warns of higher supermarket prices if no Brexit deal

Alimerka automates fresh produce distribution with Cimcorp

Marks & Spencer axes 7,000 workers despite surge in online sales

Marks & Spencer axes 7,000 workers despite surge in online sales

Published on Aug 26th, 2020

UK retailer Marks & Spencer is to cut 7,000 jobs over the next three months due to the shift in trade caused by the coronavirus pandemic. Although online and home deliveries were strong, in-store sales of clothing and home goods were "well below" 2019 levels. M&S said it hoped a "significant proportion" of the cuts - about a tenth of its workforce - will be voluntary redundancy and early retirement. In a statement, M&S said it was "too early to predict with precision where a new post-Covid sales mix will settle. We must now act to reflect this change".

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