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Lidl: New store concept test in Belgium

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 - ....

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The Giant Co. will expand Flashfood partnership

The Giant Co. will expand Flashfood partnership
US: UNFI ramps up business with new, existing customers in Q1
Strategic initiatives, new business, and strong retail and e-commerce performances boosted results at United Natural Foods Inc. (UNFI) for its fiscal 2021 first quarter. For the quarter ended October 31, net sales totaled $6.67bln, up 6% from $6.3bln a year earlier, UNFI said.
Canada: Market share gains continue in Empire’s second quarter fiscal 2021 earnings
Empire Company Limited (“Empire” or the “Company”) announced its financial results for the second quarter ended October 31, 2020. Net earnings for the second quarter of $0.60 per share reflect strong results with Food retailing net earnings of $162.8mln compared to $127.9mln last year, an increase of 27.3%. Total earnings per share last year included $0.06 of unusually large property disposals by Crombie Real Estate Investment Trust (“Crombie REIT”); removing this impact, total net earnin ....

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