Lidl: New store concept test in Belgium
Germany: HelloFresh SE increases its full year 2020 guidance and provides first indicative outlook for full year 2021
HelloFresh SE (“Company”) has experienced continued exceptionally strong demand across most markets, partly influenced by the still ongoing COVID-19 pandemic and related lockdown measures. As a consequence, the Company increases its full year 2020 revenue growth guidance for the HelloFresh Group on a constant currency basis from previously between 95% and 105% to now between 107% and 112%.
Sweden: Retailer ICA sees little margin hit from start-up of new online solution
ICA Gruppen, the owner of Sweden’s biggest grocery chain, said negative effects on profit margins from the implementation of 2 new digital solutions would be marginal this year and next. ICA Gruppen is rolling out a new upgraded e-commerce platform for customers and stores, and is also starting up a highly automated so-called dark store - a facility that fulfils solely online orders. “It is estimated that the new online solutions for ICA Sweden will have a margin effect of approximately -0.1% in 2021 and less than -0.1% in 2022”, it said in a statement.