News | World
Spar plans 350 stores in Greece
Dutch retailer Spar International
(Spar) has announced its entry into
the Greek market, with the ambition
of creating and operating the largest
chain of independent food retailers
in the country. In order to develop
Spar's retail presence, Spar Hellas
has signed a strategic cooperation
with Asteras association. Over the
next three years, Asteras wilt
convert most of its existing 200
stores to the Spar brand. Asteras
has also entered a joint cooperation
agreement with the Mesis
Aldi eyes expansion in China
Aldi South is planning to open up to
50 branches in China, according to
recent reports in German
newspapers. One of the leading low-
budget supermarket chains in
Germany, Aldi South's expansion in
China w ill be one of the biggest
expansion plans in the history of the
company. Aldi South has already
opened its first online shop in China
on the platform of Tmall, which is
run by Alibaba group.
The discounter offers groceries,
including wine, snack, breakfast
Campbell completes Snyder’s -
Lance acquisition
Campbell Soup Co has completed
the acquisition of Snyder's Lance Inc.
Campbell is integrating the
Pepperidge Farm and Snyder's-
Lance portfolios to create a unified
snacking organisation in the US
called Campbell Snacks. Campbell's
diversified snacking portfolio will
feature Pepperidge Farm’s brands,
including Goldfish and Milano, along
with Snyder's-Lance's brands, such
as Snyder's of Hanover, Lance, Kettle
14 Checkout April 2018
association, which has more than
500 stores across Greece. Through
the cooperation between Asteras
and Mesis, Spar Hellas plans to
develop more than 350 stores across
the nation in the next four years. The
new stores would offer up to 1,400
Spar own brand products, with many
sourced from Greek producers and
suppliers. The first 10 Spar stores
are expected to launch in Greece by
July, and the retailer aims to
operate a total of 80 stores by the
end of this year.
and organic food products at its
flagship Tmall store through its
Australian suppliers.
Brand, Kettle Chips, Cape Cod,
Snack Factory Pretzel
Crisps, Emerald, and Late July. With
the addition of Snyder’s-Lance,
snacking will represent
approximately 47% of Campbell's
annual net sales (previously 32%).
Campbell's soup portfolio w ill
represent approximately 26% of the
company's annual net sales.
Ocado hit by the weather
Adverse weather at the beginning of
March hit sales at Ocado as the
snow and storms impacted the
amount of deliveries the retailer
managed to make. The online
grocer saw retail revenues rise by
11.7% to £363.4 million in the first
quarter to 4 March, but said growth
would have been stronger had it not
been for weather disruption, which
wiped nearly one per cent off its
sales in the final week. The group
said it made fewer deliveries
deliberately to allow for slower road
speeds, but also had to cancel some
- and so did its customers -
because of the bad weather.
Average orders rose 11.1% to
280,000, but the average order size
was 0.4%, or 40p lower at £110.45,
as customers bought fewer items
European retail to reach € 2 ,2 8 9
billion by 2022
The European grocery retail market
w ill add €377.6 billion in sales to
reach €2,289 billion by 2022,
according to new forecasts from the
Institute of Grocery Distribution
(IGD). Growth in the region w ill be
driven by the dynamic economies of
Central and Eastern Europe, as the
grocery retail markets of Poland,
Romania and Russia are expected to
enjoy strong growth to 2022,
benefiting from greater liberalisation
and integration with other European
countries. In addition, with Europe's
population forecast to remain steady
to 2022, real growth is set to account
for 23.9% of total sales uplift for the
region and growth in consumer
spend w ill account for much of this.
According to IGD's European grocery
amid rising inflation. The Beast from
the East has done its best to freeze
progress this quarter, with disruption
from the cold snap seeing the group
lose close to £4m in sales," said
George Salmon, equity analyst at
Hargreaves Lansdown. "However,
there is no getting away from the fact
that recent months have been
transformational for the online
supermarket. Underlying progress
has been good, but it's the signing of
two agreements to licence out its
technology to international retailers
(Sobeys and Groupe Casino) that has
really moved the dial. Getting these
partnerships over the line has
ensured Ocado outperformed every
other share in the FTSE 250 over the
last 6 months, with the entire FTSE
100 also trailing in its wake."
forecasts, Europe's grocery retail
market w ill grow by a compound
annual growth rate of 3.7% between
2017 and 2022. Turkey, Russia and
the UK w ill also drive 51% of
Europe's grocery retail sales growth
during this period, while Europe w ill
account for 16% of global grocery
retail sales growth for the five years
to 2022.
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