Now that a recession is looming as a result of the corona virus outbreak, discount chain Lidl wants to sharpen its price image. The retailer has decided to rearrange its international purchasing department.
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Walmart saw its online sales increase 74?% during the coronavirus crisis, resulting in comparable sales growth of 10?%. Still, the American retail giant has decided to shut down its online branch Jet.com.
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Alliances between large food retailers do not have a harmful impact on agricultural prices, nor do they cause higher sales prices to consumers, a new research report by the European Commission concludes.
Le Pain Quotidien's American locations have a new owner: Aurify Brands, manager of fast food restaurants, will become master franchiser and will therefore manage the formula separately from the Belgian group.
Belgian bakery chain Le Pain Quotidien is working on a 'Pain Quotidien bis': it is in the midst of insolvency proceedings and is handing over its American and British branches via master franchising.
FMCG giant PepsiCo has launched a 'virtual pantry' in the United States: the producer of soft drinks, potato crisps and more now also supplies directly to consumers via two webshops.
French dairy giant Danone has launched a 'Plant-Based Acceleration Unit', which should push its plant-based turnover from two to five billion euros by 2025.
As expected, AB InBev was hit hard by the corona crisis in the first quarter. However, this only seems to be the beginning of more misery for the brewer, as the April figures show that the damage will be much greater in the second quarter.
As was to be expected, Ahold Delhaize experienced a major impact of the corona crisis during the past quarter. In both Belgium and the Netherlands, the retailer again managed to increase its market share.
Despite the closure of its largest customers, Beyond Meat's quarterly sales grew by no less than 141?% to 97?million dollars (90?million euros). This summer, the producer of meat substitutes plans an aggressive growth strategy.
Supermarket chain Carrefour is adding Smartscan to its Belgian app, which allows customers to scan and pay their purchases in-store using their smartphone. This eliminates the use of a handheld scanner, and thus reduces the risk of spreading the coronavirus.
Proximity stores were the fastest growers on the Belgian FMCG market in March, the first month of the lockdown. Also, private labels gained market share from A-labels.
An impressive record for Tesco: the British supermarket chain is the first to deliver a million grocery orders in one week. The retailer hired 16,000?additional employees to cope with the surge in orders due to the corona crisis.
Mere, a hard-discounter from Russia, opens its third store in Germany and wants to expand further into Europe. The economic crisis caused by the coronavirus is an opportunity for the low-budget retailer.
Less cola, more breakfast and crisps: PepsiCo clearly sees different behaviour during the corona crisis. As a result, Coca-Cola's rival has had a better quarter.
French retail group Carrefour published strong growth figures in all countries in the first quarter. This is not only due to panic buying caused by the corona crisis: the improvement was already underway in the beginning of the year.