Costco generated double-digit net and comparable sales growth in December
US: Schnuck Markets keeps it in the family with new VP
Schnuck Markets has appointed Ted Schnuck as the food retailer’s vice president, fresh. He will lead strategy development and execution for fresh food categories including meat, seafood, bakery, produce, floral as well as deli and prepared foods. This assignment will also result in Schnuck joining the company’s Strategy Team, the 10-member team of executives tasked with leading the overall direction and execution of the company.
US: Costco’s sales growth slows in December but beats Wall Street expectations
Auchan Retail Romania has signed a partnership with foodpanda
Coop Switzerland sees slight decline in sales in 2020
At a group level, Coop Switzerland reported sales fell by 0.2% to CHF30.2bln (US$34.4bln), with its performance held back by its specialist formats. Its grocery formats, though, saw strong growth, as shoppers changed where they bought food and cooked more at home due to the pandemic. Coop reported record sales growth at its supermarkets, at 14.4%, in 2020. This saw it generate sales of CHF12.0bln (US$13.7bln) through the channel. It noted how its grocery formats had offset the challenges it faced ‘in its own gastronomy and in the wholesale / production division’. Online grew sales strongly as well, with sales through Coop.ch up by 42.6%.