Morrisons reports a 6.4% drop in revenue

Lidl outperformed French supermarkets in May-June
Lidl was the best retailer in the French retail market from May 16 to June 16, according to the latest data from Kantar. The discounter made a profit of 0.4 percentage points during this period. According to data for the P6 period, Lidl now has a market share of 8.1%, thanks in part to an increase in the number of customers (+784,000) who visit the stores.
Source: esmmagazine.com

Ireland: Aldi unveils its newly refurbished Elysian “Project Fresh” store
Aldi’s “Project Fresh” store in Elysian, Cork City, has reopened its doors to customers after an extensive renovation project worth almost € 1 million. The newly renovated store has undergone a complete makeover in line with the award-winning Project Fresh design by Aldi, which was recognized at the National Grocery Retail Awards when Aldi won the Discounter Store of the Year for its Killaloe store, thanks in part to the superior quality of the presentation of its fruit and vegetable offerings.
Source: aldipresscentre.ie

Turnover The British supermarket Morrisons falls on the ‘fragile’ market
The British supermarket group Morrisons reported a 6.4% drop in underlying sales for the last quarter in what it called a “very fragile and difficult consumer environment”. Morrisons said its total fuel sales, including fuel, rose 2.6% to € 5.3 billion in the 13 weeks to May 1, its second-quarter financial year, primarily due to a 54% increase in fuel sales.
Source: reuters.com

Ocado expands partnership with French Groupe Casino
Ocado has extended its partnership agreement with French retailer Groupe Casino, said the UK online supermarket and technology group. The agreement follows a memorandum of understanding published in February.
Source: reuters.com

Spain: Grupo IFA sees revenue increase to more than € 33 billion in fiscal year 2021
The Spanish retailer Grupo IFA has reported a 3.1% increase in sales to € 33.2 billion in the financial year 2021. The company attributes this growth to its strong performance in the Spanish, Portuguese and Italian markets, where Spain accounts for € 15.1 billion turnover.
Source: esmmagazine.com

UK: Poundland increases € 1 items in battle for shoppers
Poundland is increasing the number of products it sells for a dollar in the battle for customers. About half of its products are priced at one dollar, but the company says that by the end of this week, 60% of what it sells will be a dollar or less. The discount chain says the number of customers is increasing as people want savings from the rising cost of living.
Source: bbc.com

German retail sales rose slightly in May
German retail sales rose slightly in May, although high inflation continued to weigh on consumers, data show. Retail sales have increased 0.6% in real terms from the previous month, the Federal Statistical Office reported.
Source: reuters.com

British retail B & M’s sales fell in the first quarter
The British discount retailer B&M reiterated its outlook for the core result for the financial year 2023 and reported a decline in the group’s sales in the first quarter after a difficult comparison with a period last year when consumers filled up during the closures. The FTSE 100-listed company said its group sales fell to $ 1.34 billion in the first quarter, ending June 25, down from $ 1.38 billion a year ago.
Source: reuters.com

Just Eat Takeaway shares fall 19% to All-Time Low on Grubhub doubts
Shares in Europe’s largest online meal delivery company Just Eat Takeaway.com hit a record low in doubts about whether the loss-making company will successfully sell its US Grubhub operation and whether it will be able to achieve profitability without further financing.
Source: reuters.com

Amazon is reportedly planning another Prime Day
As online shoppers around the world prepare for the traditional summer Amazon Prime Day, this year a two-day event on July 12 and 13, the online giant may be preparing another bargain festival this fall. Business Insider concludes this based on leaked messages from Amazon to its platform partners.
Source: retaildetail.eu

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