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Online grocery shopping quadruples since 2017 Kroger CEO says no one has the ‘data and insights’ that it has Kroger is coming off a record year. The grocer grew its same-store sales, excluding fuel, by 14.1 percent last year, aided by a 116 percent jump in online sales. Kroger’s growing private label business was up 13.6 percent during a year when it posted an operating profit of $2.8 billion. The supermarket giant also found alternative revenue streams, notably through its retail media program, which delivered $150 million in operating profit. CEO Rodney McMullen believes that the retailer’s data and insights enable it to outperform its rivals. “Many retailers have transactional data, but no one has the customer data and the insights that Kroger has,” he said on the company’s third quarter earnings call in December. ....
Walmart announced plans to bring its in-home delivery service to parts of Northwest Arkansas Canada: Sobeys expands store pickup through Ocado partnership Sobeys has launched a grocery pickup service, Voilà by Safeway Curbside Pickup, at Safeway locations in Calgary and Edmonton. This will be expanded to other locations in Alberta over the next few months and builds on the launch of a similar service in Nova Scotia. The launch of this service builds on the strategic partnership between Sobeys and Ocado which saw the launch of the Voilà by Sobeys home delivery service in the Greater Toronto Area (GTA) last year. ....
By Sam Kerr 14 Dec 2020 The Russian IPO market reopened in 2020 with a number of new listings, giving equity capital markets investors a chance to once again back new listings from EMEA’s most important emerging market. The most impressive of all these listings was Ozon, the Russian e-commerce company, which listed on the Nasdaq to acclaim from global tech funds. Sources are hoping more Russian tech unicorns will follow it to public markets in 2021. Russia’s IPO revival has included deals from numerous sectors. Alongside the IPO of Ozon there were the flotations of Samolet, the Russian real estate company and Sovcomflot, the state-owned shipping giant.On Monday, O’key Group, the Russian retailer, began trading in Moscow, adding a Russian listing to its ....
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 - ....