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Supermarket/Grocery

  • Study: Walmart Supercenter wins pricing battle over Amazon and Walmart.com

    Cambridge, Mass. -- Walmart Supercenter wins the pricing battle over Amazon and Walmart.com, according to a new study by Kantar Retail. The study evaluates how a Walmart Supercenter basket contends with its online equivalent, Walmart.com, and its key online competitor, Amazon.

  • Tesco to leave Japan

    New York -- Tesco PLC is leaving the Japanese retail market after nine years. The company will sell 50% of Tesco Japan to Aeon Co., Japan’s largest retail group.

    Tesco said it will form a joint venture with Aeon and invest £40 million ($63 million), then sell the remaining 50% to Aeon at a later date.

  • Food safety compliance concerns surface in China

    Even though no retailer has done more to enhance food safety in China than Walmart, the company found itself in the headlines again this week as regulators discovered products containing banned ingredients on the retailer’s shelves.

    Media reports said Walmart removed products from shelves after a food safety official in Beijing discovered high levels of cadmium in squid and excessive benzopyrene in sesame oil. Walmart said it had received appropriate regulatory documents from suppliers prior to offering the products, according to reports.

  • Another dollar store competitive threat

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  • Carrefour to exit Greece

    New York -- Carrefour SA said Friday it will sell its Greek supermarket business to its local partner and exit the country, the Wall Street Journal reported.

    The French retailer said it would sell its 50% stake in the chain to its local partner, the Marinopoulos family, for an undisclosed amount and will take a mostly noncash charge of €220 million ($277.9 million), the report said.

    Carrefour’s announcement comes two days before elections that could prove key as to whether Greece decides to stays in the euro zone.

  • A Canadian competitor to keep an eye on

    With Target set to open its first stores in Canada in less than a year, one source of competition will come from the rapidly growing Dollarama chain.

    The 721 unit Montreal-based Dollarama chain said its first quarter same-store sales increased by a weather-aided 8.1%, and total first quarter sales increase 14.9% to $398 million for the period ended April 29. Earnings per share increased 40% to 56 cents from 40 cents. The gross margin rate increased to 36.3% of sales from 35.7% and expenses declined to 18.5% of sales compared to 19.7%.

  • Kroger delivers on customer strategy with strong Q1

    CINCINNATI — Fuel sales at Kroger helped drive the company's total sales up 5.8% to $29.1 billion in the first quarter of fiscal 2012 from $27.5 billion for the same period last year. Total sales, excluding fuel, increased 4.3% over the same period last year.

    Identical supermarket sales, without fuel, increased 4.2% in the first quarter over the same period last year, marking the 34 consecutive quarters of positive identical supermarket sales for Kroger.

  • AAFES exchanges military commander for civilian CEO

    DALLAS — Three weeks after being named the first civilian director/CEO in the nearly 117-year history of the Army & Air Force Exchange Service, Tom Shull officially took the reins today of the $10-billion military retailer. Shull replaced the Exchange’s last uniformed Commander, Brig. Gen. Fran Hendricks.

  • More weirdness at Walmart

    An “extremely unusual circumstance,” is how police described the situation that unfolded this week in a Walmart parking lot where a Chicago couple was arrested after several of their children were discovered bound and blindfolded.

  • Walmart rival extends winning streak

    Unfazed by Walmart’s resurgent customer traffic and same-store sales rebound, the nation’s second largest grocer this week hung its 34 consecutive quarter of identical-store sales growth on the board.

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