The turnover of the Russian food retail industry grew by 1.4% in 2019 to reach US$223.9 billion. The sector continues to consolidate, with the share of the top ten fast-moving consumer goods (FMCG) chains in the retail food market increasing to 32.9%, led by X5 Retail Group and M&A transactions. Torgservice, which owns two popular hard discounters (Svetofor and Mayak) increased revenues by 26% and moved up to 9th place. In light of the slim profit margins, most industry observers predict continued consolidation in the retail sector.
Russian retail sector consolidates and goes online
Online retail sales jump 20% due to impact of coronavirus
The Coronavirus is changing the way people shop, with the restrictions on movement and health fears driving an increase in spending online. Analytics platform Contentsquare published a report based on its analyses of 1.8 billion user sessions and 50 million transactions on 1,400 websites worldwide between the weeks of February 16 and 23. The study compared the conversion rate, the number of transactions, the number of visits, the length of sessions in order to analyse changes in consumer behaviour online during the two-week period.
Japanese supermarket giant Aeon, in online grocery push
Upsurge in international demand at Alimentaria 2016
DIA expands its online business in Barcelona
DIA has expanded its online shopping business with the launch of an online platform in Barcelona,
In a press release, DIA said that having rolled out this experience in Madrid and Málaga, it is now making its online business available to reach a potential 4 million consumers in Barcelona.
CAGR of 63% in line for India’s online grocery market to 2022
India’s online grocery market is still in a nascent stage and primarily confined to Tier 1 cities, says New Delhi-based market intelligence centre 6Wresearch.
And the hyperlocal model (which usually features on-demand delivery) is growing faster than the ‘pure-play’ one (such as businesses that focus only on e-commerce) in India, it says in a recently published report summary.
Inside India’s biggest e-grocer - BigBasket
BigBasket says fruit exporters have a big chance to grow their brands in India, the world’s 6th largest grocery market e-grocery
Currently India’s biggest online grocery player, BigBasket clocks an average 12,000 orders a day – 70% of which include fruit and vegetables – and sales growing 10-15% month on month.
Tudespensa earns a staunch customer base in Spain
One of Spain’s first exclusively online supermarkets, Tudespensa.com was launched in October 2012 and now has 80,000 registered customers with 30% growth expected this year.
Tudespensa– which translates as ‘Your pantry’ – aims to set the benchmark for quality and freshness in fresh produce e-commerce in Spain. Head of fresh produce procurement and pricing, Juan Carlos Chillaron, explains how.
What is your fresh produce strategy?