Online news

Swedish market leader ICA has launched its first automated warehouse in partnership with Ocado in Brunna, Stockholm. This follows an initial announcement in May 2018 that the two companies would partner, with ICA investing SEK 1.1bn (€107.3m) in the warehouse and technology. Online accounts for almost 5% of sales at ICA Sweden In 2020, ICA achieved e-commerce growth of 117% in 2020. During ...

Walmart Canada is acquiring Foodmaestro to deliver a more personalised online shopping experience and help shoppers discover more relevant products aligned with their health and dietary needs. Why this deal is important? It reinforces Walmart's strategic focus on health and wellness It highlights its commitment to be the omnichannel leader in Canada and needs to have the best online experi...

Quick commerce pure play Getir has acquired its UK competitor Weezy in the latest consolidation in the fast growing and competitive sector. Meanwhile, Gopuff launched in 10 cities across the UK, driven by the acquisition of Fancy and Dija earlier this year. Getir’s commitment to the UK market Getir, which launched in Turkey in 2015, expanded to the UK in January 2021. In October, it anno...

JD.com reported net revenues of CNY218.7 bn (US$33.9 bn) for the quarter ended 30 September, 2021, an increase of 25.5% year-on-year (YoY). Performance surpassing market expectations Highlights of 2021Q3 KPIs (key performance indicators) are: Net revenues: CNY218.7 bn (US$33.9 bn), +25.5%YoY, beating analysts’ average estimate of US$33.54 bn, according to financial data aggregator...

Italian retailers continue to expand their presence in the market. Codè Crai Ovest is investing to expand its network by 30 stores in early 2022, while ESD Italia is planning to invest €600m to grow its network and Gruppo VéGé has expanded its network by the return of the Coal group to its alliance. Finally, Glovo has partnered with SPAR Italia’s regional operator Maiora to offer shoppers a quick...

Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...

Foodpanda is the largest food and grocery delivery platform in Asia, excluding China. We ask Foodpanda 10 questions about its operations, its latest priorities and how suppliers can work with them. Subscribers can get more details about other online delivery aggregators in Asia from our  report.   Where does Foodpanda operate? Foodpanda operates in more than 400 cities across 1...

As trading patterns readjust to the easing of lockdown restrictions in Canada, we look at what this means for Loblaw’s range of formats. Loblaw’s Q3 key numbers Total revenue increased 2.4% to $16.1m, with retail segment sales up 2.4% to $15.8m Food retail same-stores sales increased by 0.2% Drug retail (Shoppers Drug Mart) same-store sales increased by 4.4%, with pharmacy same-sto...

Amazon has announced it will stop accepting payments made with Visa credit cards issued in the UK from 19 th January 2022. UK-issued Visa credit cards affected Whilst Amazon will stop accepting UK-issued Visa credit cards, debit cards will still be accepted. The retailer said it will no longer accept this payment option “due to the high fees Visa charges for processing credit card transac...

As the Colruyt Group looks to regain share it has lost during the pandemic, the retailer has rolled out three innovative initiatives. Colruyt Group trials unstaffed store under Okay Direct banner Colruyt is trialling an unstaffed store under the Okay Direct banner in the centre of Ghent. The retailer said the 150 sq. m store, which stocks about 650 SKUs across both brands and private labels...