The Giant Company plans to add 4 more locations in Philadelphia
Amazon issues $1bln sustainability bond
Amazon is backing up its environmental initiatives with a new $1bln bond focused on funding projects in 5 key sustainability areas. The e-tail giant will use proceeds from the bond to build on investments it has made over the years in renewable energy, clean transportation, sustainable buildings, affordable housing, and socioeconomic advancement & empowerment. The bond will enable investors to join Amazon in its social and environmental efforts.
US: More Philadelphia stores on the way from The Giant Company
Following the recent opening of a new flagship store, The Giant Company has unveiled plans to add 4 more locations in Philadelphia, which would raise its total to 10 stores in the city. Carlisle, Pennsylvania-based Giant said that new Philadelphia stores in the works include a 32,000-square-foot Giant Heirloom Market specialty grocery store at 801 Market St. in the city’s
Ahold Delhaize has reported better than expected Q1 sales
Sweden: ICA sees sales decline of 1.7% in April
Swedish retailer ICA Gruppen has reported a sales decline of 1.7% in April 2021 compared with the corresponding month last year. Sales in like-for-like stores decreased by 2.0% year-on-year, the retailer added. In April 2021, total sales in ICA stores amounted to SEK10.8bln (€1.07bln), excluding VAT. Sales in all formats, including Maxi ICA Stormarknad, ICA Kvantum, ICA Supermarket and ICA Nära declined in comparison with 2020 s figures.
Fresh takes centre stage in SPAR Belgium partner’s latest store concept
SPAR Belgium Retail Partners Colruyt Group has continued the roll-out of its latest store concept with 2 new supermarkets in Herseaux and Léglise. These latest-generation SPAR stores feature a modern layout, state-of-the-art instore technologies, and a strong focus on fresh and sustainability. Both stores are run by dedicated SPAR retailers, who are already closely
GrubMarket has completed the acquisition of RJ Produce
US: Fridge No More closes $15.4mln Series A
Fridge No More, an instant grocery delivery service in the U.S., announces the closing of a $15.4mln Series A funding round. This will both enable the cloud grocer to expand operations across New York City and the East Coast, and to establish its leadership position in the instant delivery market. Fridge No More plans to grow their engineering and operations teams while rapidly scaling their network of cloud stores.
US: GrubMarket acquires RJ Produce to further expand in Texas
GrubMarket announced it has completed the acquisition of RJ Produce, a highly reputable and well-established produce wholesaler in Texas. RJ Produce have established deep relationships with growers directly from Mexico and domestically, and is a key sourcing channel for premium fruits and vegetables nationwide. Its branded products are sold at nationwide retailers including many household names like Costco a
Picnic has teamed up with Belgian hypermarket chain Cora to conquer France
Italy: SPAR expands its retail footprint in Sardinia
Fratelli Ibba Group, a well-established retail organisation, has joined SPAR in Italy, growing the brand’s presence in the Italian region of Sardinia. Fratelli Ibba has acquired all the shares of Supermercati Gieffe and thereby also a stake in SCS, which holds the license for the SPAR Brand in Sardinia. “We are delighted that the Fratelli Ibba group have joined SPAR. They are well-established retailers in Sardinia who have distinguished themselves thanks to their organisational abilities and business results,” said Paul Klotz, President of DESPAR Italia.
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Stor.ai s latest funding to empower grocers worldwide to manage their digital transformation
TEL AVIV, Israel, March 16, 2021 /PRNewswire/ Stor.ai, (fka Self Point) the end-to-end digital commerce solution for grocers, today announced that it has raised $21M in an extended Series A round led by Meitav Dash and Mizrahi Tefahot, and supported by existing investor Kli Capital and individual investors including Mayer Gniwisch. Stor.ai will use the capital to integrate new, next generation features into its core offering, accelerate the company s growth in North America, and enter into new markets in Latin America and Europe, helping grocery stores thrive in an increasingly digitized market.