Discount grocer Lidl still has plans to build several stores in the Philadelphia/South Jersey area, even if other projects are on hold, according to local government officials. Three planned projects are continuing while two others seem to be on pause as the company reevaluates its growth plans, the officials said.
Kroger will launch online sales in China via a storefront on Alibaba Group's Tmall Global marketplace, the company said. The site, set to launch today, will begin with private-label products, including Kroger's organic Simple Truth brand, and dietary supplements.
An app called Pinto will allow shoppers to scan the back of a grocery product and then produce a nutrition label based on the consumer's specific dietary needs. Issues that the app can highlight for consumers include food allergens, dietary goals and other concerns such as added sugars.
ESL Investments, the hedge fund controlled by Sears CEO Edward Lampert, has bid to buy the retailer's Kenmore appliance brand for $400 million in cash, according to regulatory filings. Additionally, ESL has offered to acquire Sears' Home Improvement business for between $70 million and $80 million.
US retail sales rose 0.5% in July from the previous month, topping economists' forecast for a 0.1% rise, and sales were up 6.4% from July 2017, according to the Commerce Department. Spending was up strongly in several sectors including food retail, apparel and restaurants, and Amazon Prime Day helped fuel a 0.8% jump in online and mail-order sales.
While fall is generally when new smartphones hit the market, some consumers reported that they aren't anticipating any new releases, per a PCMag survey. However, about 42% of consumers reported being excited to see Apple's latest offerings, while 24% were focused on the Galaxy Note9 from Samsung.
People with foreign currency to spend are splurging on luxury goods in Turkey, where its currency's recent deep dive has made designer brands including Chanel and Louis Vuitton much more affordable.
The transforming grocery landscape, led by unprecedented advancements in technology, has left food retailers of all shapes and sizes addressing new challenges. Earlier this year, FMI identified five emerging issues that have the greatest potential to affect the food industry in the next three to five years. One of the issues identified is how artificial intelligence and technology will alter the food industry and the role of humans throughout its processes. Top-of-mind for attendees at the Energy and Store Development (E&SD) Conference will be how technology, operations, design trends and store formats are evolving to better serve the demands of consumers’ modern lifestyles. Read more.
Barb Renner, vice chairman and US consumer products leader at Deloitte, chats with Rick Stein about what’s going on in the perimeter of the supermarket. They delve into how it all starts with the consumer, traditional drivers and evolving drivers in health and wellness. As Rick and Barb prepare for the new FreshForward event, they discuss pressing topics including global food production, food waste, being connected and blurring the lines of foodservice with convenience. Listen to Dig Deeper: Evolving Consumer, Global Food Production, Blurring Lines of Foodservice & Food Waste.
Together, meal kits and multicookers could provide food retailers with their next great sales growth. While meal kit online sales continue to grow, some e-commerce providers have begun to struggle a bit and it's becoming clear that the traditional brick-and-mortar store may be one of the best places for consumers to purchase them. Simultaneously, the world is quickly falling in love with multicookers. Read more.
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