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Trigo raises $100mln to expand further into United States and Europe




United States: Sprouts Farmers Market opens 2 new stores on Friday
Phoenix-based Sprouts Farmers Market opens two new stores on Friday, one in Tucson, Arizona, and the other in Palmdale, California. Sprouts operates approximately 380 stores in 23 states. In Tucson and Palmdale, openings will be celebrated with a ribbon cutting and customers will be able to take 20% off their purchases throughout opening weekend, the company said.

United States: Walmart completes the transformation of its distribution center in Texas
Walmart is making progress on its commitment to transform its 42 regional fulfillment centers into high-tech automation centers. The retailer’s facility in Palestine, Texas has officially gone live and features groundbreaking new technology with software systems powered by artificial intelligence, robotics and automation to sort, store, retrieve and pack goods which are then shipped to stores.

United States: Southeastern Grocers launches a new delivery service in Winn-Dixie and Harveys supermarkets
Southeastern Grocers Inc. (SEG), parent company and home of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, now offers a new online shopping and delivery service to customers at more than 375 Winn-Dixie and Harveys stores supermarket. throughout Alabama, Florida, Georgia, Louisiana and Mississippi.

Israel: Trigo raises $100 million to develop autonomous shopping technology
Israel’s Trigo said it raised $100 million in a private funding round to accelerate the rollout of its technology that allows customers to shop without having to wait in line at a store’s checkout. The round was led by Singaporean investment firm Temasek and 83North. They were joined by new strategic investor SAP SE, which will also help bring Trigo’s solution to market and existing investors Hetz Ventures, Red Dot Capital Partners, Vertex Ventures, Viola and supermarket giant REWE Group. He said he would use the new funds to expand further in the United States and Europe, while developing a suite of inventory management apps.

Casino’s quarterly net sales are driven by France and Latin America
The French distributor Casino recorded a marginal growth in its quarterly turnover, supported by the growth of the domestic and Latin American markets in an inflationary context. The group is counting on the development of convenience stores located in city centers and focuses on e-commerce, in particular home delivery via partnerships with Ocado or Amazon. Casino’s third-quarter consolidated total revenue increased 5.4% to €8.55 billion ($8.62 billion) on a same-store basis from a year earlier, driven by its strategy expansion and the gradual return of tourists to Paris.

UAE: Grandiose Supermarket unveils nationwide expansion plans
Grandiose Supermarket has announced a major expansion plan which is being implemented in the UAE market. With 12 new store openings planned for the fourth quarter of 2022, the supermarket chain is one of the fastest growing retailers in the United Arab Emirates, with plans to have a total of 30 outlets by the end of 2022. Highly encouraged by the market response, Grandiose Supermarket plans to open an additional 15-20 new outlets in 2023, with the announcement coinciding with its fifth anniversary since its launch in the United Arab Emirates.

Portugal: Jeronimo Martins profits up as inflation boosts sales, outlook uncertain
Portugal’s second-largest retailer, Jeronimo Martins, reported a 14% rise in net profit in the third quarter as soaring inflation drove up sales and the company warned of an uncertain outlook for the costs. Jeronimo Martins grossed €157 million ($157.97 million) between July and September. Consolidated sales in the third quarter increased by 22.7% to 6.5 billion euros, led by the market-leading Polish retail chain Biedronka, which recorded a sales increase of 21.6% to 4, 4 billion euros. Annual food inflation in Poland reached 19% in September.

Kickstart AI: the result of the Food Waste Reduction Challenge
Over the past year, Ahold Delhaize has led a three-week sprint to complete the Food Waste Reduction Challenge as part of Kickstart AI. Kickstart AI aims to create practical artificial intelligence (AI) solutions that solve real business problems by leveraging the common AI talent of leading Dutch companies, including Ahold Delhaize, ING, KLM and NS.

AI helps Japanese convenience stores profit from waste reduction
In a bid to increase sales and reduce food waste, more convenience stores and Japanese supermarkets are letting artificial intelligence analyze data such as past sales figures to decide what discounts to apply to products. perishable. Around 3 p.m., at a branch of the Lawson convenience store chain in Tokyo’s Shinjuku district, an in-store computer decides which food items should be reduced and by how much. One display read “assorted sandwiches, one, 20 yen ($0.13) off”, another: “crispy ham and lettuce sandwiches, three, 30 yen off”.

Sweden: ICA Gruppen interim report for the third quarter of 2022
ICA Gruppen said: “Operating profit for the third quarter of 2022 (1,694 million SEK) fell by 6.8% compared to the third quarter of 2021 (1,818 million SEK). ICA Gruppen’s sales in third quarter rose 7.6% to SEK 34,533 million (32,094), driven by high inflation. High inflation and rising energy costs are creating major challenges across the board.”

Premature end for Mere Belgium
Mere’s Belgian story is over: the Russian discounter closed its first (and, so far?, only) Belgian store this week. It happened without prior warning, only a post on Facebook late Sunday evening warning shoppers that the store would not reopen on Monday. There is an exception: “small wholesalers” who want to buy for at least 150 euros can always come to the store’s warehouse.

China: Supports Merchant Growth in Big Singles Day Promotion released its plan to support merchants of 267 industrial belts across China at a press conference for the ongoing Singles Day big promotion, among other measures to optimize the environment for business under the theme “A Stronger Life” this year. JD Super, JD’s omnichannel supermarket business, also introduced dozens of measures to reduce the cost of opening a third-party store by up to 80% during the Singles’ Day promotion. Deposits for merchants setting up fresh produce, fruit and vegetable stores have been reduced from RMB 20,000 yuan to RMB 5,000 yuan.

Caprabo opens a new store in Andorra
Retailer Caprabo has announced the opening of a new supermarket in the parish of La Massana in Andorra. The move is part of Caprabo’s expansion plan. This year, the retailer’s new store openings have already surpassed last year’s numbers.

UK: Morrisons cafes will offer FREE Heinz jacket potatoes to shoppers who say password
Morrisons cafes in Birmingham are offering free jacket potatoes with baked beans to shoppers from Wednesday October 26. The supermarket has partnered with Heinz to provide hot meals amid the cost of living crisis. The initiative, which will end at the end of this month, or while supplies last, is said to have been inspired by the “generous spirit” of Heinz founder Henry J Heinz. Over 160,000 spuds will be available at 397 Morrisons coffee shops across the UK. Those who want to take advantage of it will have to ‘ask for Henry’ when in a Morrisons cafe. Each person will then receive a coated potato covered in Heinz Beanz, along with a side salad.