Italy: Esselunga announces 2021 results above market average
Italian supermarket chain Esselunga achieved consolidated sales of 8.56 billion euros in 2021, up 2.2% on a like-for-like basis, compared to a decline of -0.1% overall of the market. The company said on-shelf prices fell 1.4%, which was offset by rising inflation of 1.9% on average. EBITDA was €689.7 million for the year (8.1% of sales), down from €710.5 million (8.5%) in 2020.
Grocery delivery platform Nana targets 40% Saudi market share
Nana, one of the leading online grocery delivery platforms in Saudi Arabia, aims to capture a 40% market share worth more than $900 million (SR3.375 billion) by 2025, starting from its current 13% of the Saudi market, said its founder and CEO. . Sami Alhelwah said the company aims to become the daily companion of every household in the Kingdom and is spearheading the market growth of the online shopping and delivery industry.
Carrefour launches a fund to invest in digital commerce startups
Carrrefour, Europe’s largest food retailer, is teaming up with venture capital firm Daphni to invest in digital retail startups as part of a global plan to accelerate the expansion of e-commerce across the country. over the next 4 years, he said. Their new venture capital fund Dastore will initially invest 80 million euros ($88 million) by taking minority stakes in high-potential emerging startups in France and around the world to allow Carrefour “to stay close to innovations and emerging technologies,” the statement said.
Albert Heijn and bol.com are recognized among the most sustainable brands in the Netherlands by the 2022 Sustainable Brand Index™
Ahold Delhaize is proud to share that the sustainability efforts of 2 of its leading Benelux brands have been highly recognized by the 2022 Sustainable Brand Index™ (SBI). The SBI is Europe’s largest independent survey in which consumers rate brands on sustainability. In the Netherlands, 11,000 consumers rated 202 companies from 18 different industries. You can find the full 2022 Sustainable Brand Index™ report here.
Finland: Helsinki-based Upsy Company pockets €1.2m to help small businesses compete with e-commerce giants
Upsy Company, the Finnish e-commerce product that helps small businesses stay competitive, just raised €1.2 million. Seed funding was led by Gorilla Capital, followed by Korpun Siemen, the Sijoittaja Pro investor group, a number of private investors and Business Finland.
UK: Sainsbury’s cuts office jobs from Arndale as supermarket giant outsources to India
Supermarket giant Sainsbury’s is cutting jobs at its Arndale town center office as it seeks to cut costs, it has been confirmed. Jobs will instead be outsourced to places like India. Roles in food trading, financial operations and people services and human resources are being outsourced to the Accenture company, threatening at least 300 jobs across the UK. The company could not confirm how many of those 300 jobs were at its Arndale House office during the consultation process.
China: JD Deploys Omnichannel Efforts Amid COVID Lockdown in Shanghai
JD.com is mobilizing online and offline resources to ensure a stable supply of fresh produce and daily necessities during the COVID-related lockdown in Shanghai. JD’s SEVEN FRESH omnichannel supermarket has formed rapid collaboration with major vegetable and animal husbandry bases and factories across the country to transport supplies, such as fruits, vegetables, rice, flours, cooking oil, milk, frozen food and other daily necessities to stores in Shanghai. . So far, supply to affected areas has doubled or even tripled the normal amount to meet the surge in local demand.
Following the campaign “Monday is veggie but also Tuesday, Wednesday…”, Carrefour is trying to encourage us to eat more plant-based
In addition to the “Monday is veggie but also Tuesday, Wednesday…” campaign that it co-developed with Danone, Carrefour will rely on its digital channels to intensify its efforts to offer quality products with less environmental impact. impact within everyone’s reach. WWF is partnering with this campaign to promote plant-based protein consumption and lead us all to a more plant-based diet.
Canada: Metro and Unifor avert impending strike at Toronto distribution center
Unifor says it has reached a tentative agreement with Metro Inc. covering more than 900 full-time workers at a Toronto-area distribution center. The union says a vote on the deal will take place in the coming days and details of the collective agreement will not be released until ratification.
United States: MobiDev explains the challenges and steps to approach AI self-checkout
Online retail has one key advantage: the customer experience. The idea of cashless shopping in places has crystallized like Amazon Go, Tesco, Walmart and many more. But how can any brick and mortar store actually be Automatique with computer vision systems? “At its core, computer vision aims to mimic human sight. So, analogous to an eye, CV relies on camera sensors that capture the environment,” mentions Lyubov ZatolokinaAI engineer at MobiDev.
New York warehouse workers vote to form America’s first union at Amazon
Workers at an Amazon.com Inc warehouse in New York have voted to form the 1st union for America’s 2nd-largest private employer, a victory that adds to recent grassroots successes of labor activists embarking on new new industries.