Indian grocery delivery startup Milkbasket launches voice-buying service

INDIA - The Indian grocery and milk delivery startup Milkbasket has unveiled a “voice-buying” service at its grocery stores, which it claims reduces the order time by over 50%. The service, available on Google Assistant or later on Amazon Alexa will allow customers to place their orders using voice command. The Gurugram-based grocery store is…

Shoprite reports 3.3% rise in sales despite Angolan hyperinflation

SOUTH AFRICA - Shoprite, one of the largest food retailers in Africa has posted 3.3% increase in sales to US$10.89m for the year ended June despite increasing inflation and a 50% currency devaluation which hit hard its business operations in Angola. Business Day has reported that results of hyperinflation were translated to lower revenues in…

India’s biscuits and noodles maker Patanjali to sell frozen vegetables by 2019

INDIA – Patanjali, an Indian biscuits and noodles company, has already initiated a pilot launch of a few frozen vegetables in Delhi, Maharashtra, Haryana and Rajasthan, as it aims for the frozen vegetables market by 2019. According to CNBC, the consumer goods company, Patanjali Ayurved, plans to launch at least 6-7 frozen vegetables in the…

Greenyard reports US$35 million listeria-related product recall impact

BELGIUM - Belgian food company, Greenyard has reported that the first estimate on the financial impact from its recall of frozen products, potentially linked to an outbreak of the food-borne disease listeria in Europe, was estimated at US$35 million after insurance. According to Reuters, the company’s shares have fallen 38 percent since local media reports…

Online grocery service Grofers to enter FMCG segment targeting US$364m in sales

INDIA - The Indian online grocery delivery service, Grofers has entered the fast moving consumer goods segment (FMCG) with a target to achieve more than US$364.7 million in revenue in the financial year 2019. The grocery firm targeting stronger business growth with 50% coming from its private brands after it recorded US$138.6 million sales in…

Walmart partners with Microsoft to boost ecommerce against Amazon

USA - Walmart Inc., the American chain of hypermarkets has entered into a strategic partnership with Microsoft Corp for wider use of cloud and artificial intelligence technology that for faster, convenient and easier shopping by customers at its stores. The five-year agreement will see Walmart utilize Microsoft’s cloud solutions, which is Microsoft Azure and Microsoft…

Tata Starbucks records first positive earnings with 28% increase in sales

INDIA - Tata Starbucks, a joint venture between the Tata Group and the American coffeehouse chain Starbucks has posted its first positive EBITDA after sales increased by 28%, almost doubling in the financial year 2018. According to ET Retail, improved sales were attributed to strong performance in in-store and new stores that were added this year.…

Supermarket chain Kroger launches personalized nutrition app

USA - The American retailer, Kroger Co. has unveiled a personalized nutrition mobile platform OptUp, a wellness app that provides customers with nutritional information on the produce they purchase at the grocery stores. With the app, customers can see product recommendations, scan, search items to find nutrition facts and product alternatives, and helps make healthier purchase…

Nestle to reward US$1.08m to cocoa farmers under the Nestlé Cocoa Plan (NCP)

GHANA - Nestle Ghana Ltd will reward US$1.08 million to over 17,615 farmers under the Nestlé Cocoa Plan (NCP) as the company looks to doing business profitably while ensuring sustainable development in the community they operate. The increased premium payment is geared at motivating farmers for quality cocoa production, meet production standards, increase local sourcing…

Pick n Pay achieves profitability as it looks to open more stores in Zimbabwe

ZIMBABWE - Meikles Limited, Zimbabwe’s hotel, retail and supermarket chain has announced that revenue in supermarkets division, jointly owned with Pick n Pay has increased from US$414 million to US$487.8 million in the year ended March 2018. According to IOL Business report, Pick n Pay is boasting of profitability in its Zimbabwe operations and is…