Aldi Values and Mission Statement
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Report Name:Retail Foods Bulgaria
Voluntary Report – Voluntary - Public Distribution Date: March 20,2020 Report Number: BU2020-0011 Report Name: Retail Foods Bulgaria Country: Bulgaria Post: Sofia Report Category: Retail Foods Prepared By: Alexander Todorov Approved By: Jonn Slette Report Highlights: Consistent growth in Bulgaria’s food and beverage retail market is driven by increased consumer confidence, declining unemployment, and growing incomes. The total number of retail outlets in Bulgaria in 2019 was 41,306. Modern retail food and beverage sales in 2019 grew by nearly five percent over 2018, and accounted for 55 percent of total food retail in value terms. U.S. exports with strong sales potential in Bulgaria’s food and beverage retail sector are distilled spirits, tree nuts, dried fruits, wine, snacks and cereals, beef meat, fish and seafood, sauces, spices, and pulses. THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Market Fact Sheet: Bulgaria Executive Summary Since 2016, annual Bulgarian GDP growth has Food Retail Industry been over three percent. Exports generate Bulgarian food retail sales reached $6.85 billion in almost 49 percent of Bulgaria’s GDP and are a pillar 2019. Modern retail sales accounted for of the economy. EU Member States are Bulgaria’s $3.77 billion (55 percent) and $3.08 billion in primary trading partners, although there is wide traditional channel. Total retail outlets were 41,306. variation in the balances of trade. In 2019, Bulgaria Food and beverage retail grew in 2019 on improved had a trade deficit in goods of about €1.72 billion consumer confidence and a better labor market. -
Global Vs. Local-The Hungarian Retail Wars
Journal of Business and Retail Management Research (JBRMR) October 2015 Global Vs. Local-The Hungarian Retail Wars Charles S. Mayer Reza M. Bakhshandeh Central European University, Budapest, Hungary Key Words MNE’s, SME’s, Hungary, FMCG Retailing, Cooperatives, Rivalry Abstract In this paper we explore the impact of the ivasion of large global retailers into the Hungarian FMCG space. As well as giving the historical evolution of the market, we also show a recipe on how the local SME’s can cope with the foreign competition. “If you can’t beat them, at least emulate them well.” 1. Introduction Our research started with a casual observation. There seemed to be too many FMCG (Fast Moving Consumer Goods) stores in Hungary, compared to the population size, and the purchasing power. What was the reason for this proliferation, and what outcomes could be expected from it? Would the winners necessarily be the MNE’s, and the losers the local SME’S? These were the questions that focused our research for this paper. With the opening of the CEE to the West, large multinational retailers moved quickly into the region. This was particularly true for the extended food retailing sector (FMCG’s). Hungary, being very central, and having had good economic relations with the West in the past, was one of the more attractive markets to enter. We will follow the entry of one such multinational, Delhaize (Match), in detail. At the same time, we will note how two independent local chains, CBA and COOP were able to respond to the threat of the invasion of the multinationals. -
Lidl Expanding to New York with Best Market Purchase
INSIDE TAKING THIS ISSUE STOCK by Jeff Metzger At Capital Markets Day, Ahold Delhaize Reveals Post-Merger Growth Platform Krasdale Celebrates “The merger and integration of Ahold and Delhaize Group have created a 110th At NYC’s Museum strong and efficient platform for growth, while maintaining strong business per- Of Natural History formance and building a culture of success. In an industry that’s undergoing 12 rapid change, fueled by shifting customer behavior and preferences, we will focus on growth by investing in our stores, omnichannel offering and techno- logical capabilities which will enrich the customer experience and increase efficiencies. Ultimately, this will drive growth by making everyday shopping easier, fresher and healthier for our customers.” Those were the words of Ahold Delhaize president and CEO Frans Muller to the investment and business community delivered at the company’s “Leading Wawa’s Mike Sherlock WWW.BEST-MET.COM Together” themed Capital Markets Day held at the Citi Executive Conference Among Those Inducted 20 In SJU ‘Hall Of Honor’ Vol. 74 No. 11 BROKERS ISSUE November 2018 See TAKING STOCK on page 6 Discounter To Convert 27 Stores Next Year Lidl Expanding To New York With Best Market Purchase Lidl, which has struggled since anteed employment opportunities high quality and huge savings for it entered the U.S. 17 months ago, with Lidl following the transition. more shoppers.” is expanding its footprint after an- Team members will be welcomed Fieber, a 10-year Lidl veteran, nouncing it has signed an agree- into positions with Lidl that offer became U.S. CEO in May, replac- ment to acquire 27 Best Market wages and benefits that are equal ing Brendan Proctor who led the AHOLD DELHAIZE HELD ITS CAPITAL MARKETS DAY AT THE CITIBANK Con- stores in New York (26 stores – to or better than what they cur- company’s U.S. -
Lidl Has Finally Opened in Atlanta: How Will This Affect the Atlanta Supermarket Landscape?! Powder Springs - 1/16 Snellville - 1/30 Mableton - 2/13
Lidl has finally opened in Atlanta: How will this affect the Atlanta supermarket landscape?! Powder Springs - 1/16 Snellville - 1/30 Mableton - 2/13 Lidl’s has three store-openings set for Atlanta this month. The first is Powder Springs on 1/16/19, followed by Snellville on 1/30/19 and Mableton on 2/13/19. If you haven’t been to a Lidl before, it’s a good-looking store and simple to shop. Very similar to an ALDI, but larger and with the same emphasis on house brands at an extreme discount to name brand products. Lidl ( 36,000 sf) has created an interesting store model for the US. Its stores are significantly larger than ALDI’s (12,000 -15,000 sf) and smaller than the traditional Kroger (45,000-80,000) or Publix store models (42,000- 48,000 sf). As heavily reported, LIDLs initial store openings in the US did not bring the traffic or volumes they hoped for. By opening three stores in the same size format, LIDL is taking a risk. Many (including me) feel that they should be opening in more dense markets and with smaller stores. continued retail specialists retail strategies retail specialists retail strategies My prediction is that these three openings will have minimal impact on the Atlanta “supermarket and real estate market. The Atlanta MSA already has over 340 grocery stores and another three is not going to change the landscape. First, these are all free-standing locations, so there’s no new supply of small shop space for lease. -
Romania: Retail Food Sector
THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Voluntary - Public Date: 2/6/2017 GAIN Report Number: RO1703 Romania Post: Bucharest Retail Food Sector Report Categories: Retail Foods Approved By: Russ Nicely Prepared By: Ioana Stoenescu Report Highlights: Over the last three years, Romania has seen strong positive growth, with encouraging developments in the economic and policy areas, becoming one of the most attractive markets in Southeastern Europe. After just a few notable events during 2015, the Romanian retail market experienced remarkable growth in 2016 reaching 2,000 stores operated by international retailers. As modern retail systems grow, exports of U.S. processed and high value foods to Romania will continue to expand. In 2015 U.S. agri- food exports to Romania increased by 45 percent from U.S. $96 million to U.S. $139 million over the last year. Romania's food sector is expected to be among the regional best performers during the next five years, with promising market prospects for U.S. exporters such as tree nuts, distilled spirits and wines. General Information: I. MARKET SUMMARY General Information Romania has been a member of the EU since 2007 and a member of NATO since 2004. Within the 28 EU countries, Romania has the seventh largest population, with 19.5 million inhabitants. Romania is presently a market with outstanding potential, a strategic location, and an increasingly solid business climate. Although there is the need for an exporter to evaluate the market in order to assess the business opportunities, exporting to Romania is steadily becoming less challenging than in previous years in terms of the predictability of the business environment. -
Trading with Costco
Trading with Costco Identifying how it plans to win and the supplier opportunities February 17 © IGD 2017 Page 1 Introduction This insight report was prepared by: Stewart Samuel Based in North America, Stewart Program Director, IGD Canada heads up all of IGD's research and coverage on the region. He regularly [email protected] travels across the US and Canada, @Stewart_IGD visiting stores, and meeting with senior retail and supplier teams. Costco continues to be one of the most successful retailers globally. For several years it has delivered consistent sales and profit growth, in the US and across its international markets. Currently it is the second largest retailer globally based on sales. At a time when other retailers have been testing and developing new store formats and aggressively pursuing ecommerce and digital initiatives, Costco has remained focused on its core offer. However, the retailer is making a more determined push with ecommerce and is set to expand its presence into two new markets this year. In this report we look at how the retailer plans to grow and develop over the next five years, and the opportunities for suppliers to engage in key markets. © IGD 2017 Source: IGD Research Page 2 Inside this report Costco today and tomorrow Costco in key markets Strategic priorities Supplier opportunities © IGD 2017 Page 3 Costco operates over 700 clubs across nine countries, with over 86m members. It Costco today plans to open its first clubs in France and Iceland this year. It also sells in China through its online Tmall store. While many of its existing markets offer significant expansion opportunities, regions such as Latin America and the Middle East and Africa could, over the long-term, be a source of future growth. -
Kroger: Value Trap Or Value Investment - a Deep Due Diligence Dive
Kroger: Value Trap Or Value Investment - A Deep Due Diligence Dive seekingalpha.com /article/4115509-kroger-value-trap-value-investment-deep-due-diligence-dive Chuck 10/23/2017 Walston The acquisition of Whole Foods Market, announced by Amazon ( AMZN) last June sent shockwaves through the grocery industry. 1/20 When the deal was finalized in August, Amazon announced plans to lower the prices of certain products by as much as a third. The company also hinted at additional price reductions in the future. Amazon Prime members will be given special savings and other in-store benefits once the online retail giant integrates its point of sale system into Whole Foods stories. 2/20 Analysts immediately predicted a future of widespread margin cuts across the industry. Well before Amazon's entry into stick and brick groceries, Kroger ( KR) experienced deterioration in comparable store sales. 3/20 (Source: Kroger Investor Presentation slideshow) (Source: SEC Filings via SA contributor Quad 7 Capital) Additionally, Kroger's recent results reflect gross margin compression. 4/20 (Source: SEC Filings via SA contributor Quad 7 Capital) After the takeover, Whole Foods initiated a price war. According to Reuters, prices at a Los Angeles Whole Foods store are lower on some products than comparable goods sold in a nearby Ralph's store owned by Kroger. The Threat From Amazon Research conducted by Foursquare Labs Inc. indicates the publicity surrounding Amazon's recent acquisition of Whole Foods, combined with the announcement of deep price cuts, resulted in a 25% surge in customer traffic. Not content to attack conventional grocers with their panoply of online food services and margin cuts, Amazon registered a trademark application for a meal-kit service. -
Retailer Scorecard Summary
WWF Programul Dunăre Carpați România Proiectul Fish Forward Dumitru Zosima nr 38, București Tel.: +4021 317 49 96 Fax: +4021 317 49 97 [email protected] wwf.ro/peste 22.02.2017 Summary Through the annual study ”Retailer Scorecard”, WWF-Romania evaluates the environmental performance of the main food retailers present on the Romanian markets, by analysing their sustainability policies and the certified and/or local products available. This is the fifth edition of the Retailer Scorecard report and it is encouraging to see that more and more retailers take precaution regarding environmental responsibility through the products they offer. The study includes the top 11 food retailers in Romania. In 2016, those were: Auchan, Billa, Carrefour, Cora, Kaufland, Lidl, Mega Image, Metro, Penny Market, Profi and Selgros. The results from 2016’s edition show improvements of the results for the majority of participants which demonstrate the increasing interest the retailers have in this sector. Regardless, the progress is rather slow as the best scores are still meeting half of the maximum possible. The most important results and observations from the 2016’s Retailer Scorecard edition are: ● Five out of the 11 retailers have obtained scores of more than 50%. ● None of the evaluated retailers has a transparent and complete communication with their clients about the purchasing policies which favor environmental friendly products. The only information available regarding this subject can be found on their web pages - about specific initiatives in Romania. The majority of the information concerns the international group they belong to. Summing up, there isn’t enough information to help the consumer make the right decision. -
Discounters Go Digital: How Can Aldi and Lidl Tackle Grocery E-Commerce?
DECEMBER 8, 2016 Discounters Go Digital: How Can Aldi and Lidl Tackle Grocery E-Commerce? Hard discounters Aldi and Lidl are moving into e-commerce in both the grocery and nongrocery categories. This year, Aldi announced it will move into the Chinese market purely through e-commerce, while Lidl Germany is planning to trial a grocery click-and-collect service in Berlin. These are our key takeaways on balancing no-frills discount with the added costs of e-commerce: 1) If discounters are willing to invest to build scale in grocery e- commerce, using “dark stores” dedicated to picking online orders seems to be a better option than picking from regular stores, due to the small size of the discounters’ stores. 2) New delivery options are lowering the costs of home delivery: using “Uberized” third-party couriers would be a more cost-effective, low- investment and scalable model than using temperature controlled, company-owned delivery trucks. This model is already being used by AmazonFresh in the UK. 3) We believe one significant challenge will be the deleveraging effect of smaller average basket sizes online: the highly limited choice offered by Aldi and Lidl will almost certainly yield lower online order values than at nondiscount rivals. This would make the economics of online retail even more detrimental for discounters than they are for their nondiscount peers. DEBORAH WEINSWIG, MANAGING DIRECTOR, FUNG GLOBAL RETAIL & TECHNOLOGY 1 [email protected] US: 917.655.6790 HK: 852.6119.1779 CN: 86.186.1420.3016 Copyright © 2016 The Fung Group. All rights reserved. DECEMBER 8, 2016 Introduction We are now seeing a flurry of E-Commerce and hard discount are fast-growing channels in a number of activity from discounters, markets. -
Download Case Study
Making the most of margins with one of Europe’s largest ESL deployments “It’s a common challenge faced by all large retailers – how to make the number of price changes that you want, without tying your staff up all day. Displaydata’s ESLs have transformed the way we run the fruit and vegetable areas of our stores: we can reduce prices in just a few moments, on any shelf, anywhere – all centrally managed. This flexibility allows us to use price reductions more strategically to protect margins and reduce waste. And, our staff are freed up to focus much more time on our customers. The time and cost savings from using Displaydata’s ESLs will deliver a satisfying return on investment in a short time.” Steffen Hartelt, Business Consulting Vertrieb, Kaufland Group Opportunity Known as an innovator – in terms of its overall offering, and use of technology – Kaufland wanted Kaufland Group is a German hypermarket chain to enhance the way it sells and markets perishable owned by the Schwarz Group – one of Europe’s goods. Its key goal was to find a more agile way to largest grocery retailers. Kaufland operates in seven promote offers, react to competitors’ price changes countries across the continent with 1,270 stores and and increase the frequency of price markdowns over 148,000 employees. It offers a wide range of to protect margins. It also looked to reduce the goods with up to 60,000 products. The focus is on amount of time staff spend manually adjusting freshness for its fruit and vegetables, dairy products, labels, to provide a better service to customers and meat, sausage, cheese and fish lines. -
Structural Changes in Food Retailing: Six Country Case Studies
FSRG Publication Structural Changes in Food Retailing: Six Country Case Studies edited by Kyle W. Stiegert Dong Hwan Kim November 2009 Kyle Stiegert [email protected] Dong Hwan Kim [email protected] The authors thank Kate Hook for her editorial assistance. Any mistakes are those of the authors. Comments are encouraged. Food System Research Group Department of Agricultural and Applied Economics University of Wisconsin-Madison http://www.aae.wisc.edu/fsrg/ All views, interpretations, recommendations, and conclusions expressed in this document are those of the authors and not necessarily those of the supporting or cooperating organizations. Copyright © by the authors. All rights reserved. Readers may make verbatim copies of this document for noncommercial purposes by any means, provided that this copyright notice appears on all such copies. ii Table of Contents Page CHAPTER 1: INTRODUCTION AND LITERATURE REVIEW 1 1. Introduction 1 2. Outline of the Book 1 3. Impact of Dominant Food Retailers: Review of Theories and Empirical Studies 3 3.1. Market Power vs. Efficiency 3 3.2. Vertical Relationship between Food retailers and Food producers: Vertical Restraints, Fees and Services Enforced by Retailers 5 Fees and Services 5 Coalescing Power 8 3.3. Market Power Studies 8 References 17 CHAPTER 2: THE CASE OF AUSTRALIA 21 1. Introduction 21 2. Structure of Food Retailing in Australia 21 2.1 Industry Definition of Food Retailing 21 2.2 Basic Structure of Retail Food Stores 22 2.3 Food Store Formats 24 2.4 Market Share and Foreign Direct Investment 25 3. Effects of Increased Food Retail Concentration on Consumers, Processors and Suppliers 28 4. -
Shirley, 800 Montauk Highway
shirley, ny 800 montauk highway prime retail opportunities at the crossroads to shirley | for lease DEMOGRAPHICS 1 MILE 3 MILES 5 MILES Popula on 9,932 53,546 94,913 Median HHI $83,720 $79,871 $79,723 Loca on 800 Montauk Highway Shirley, NY Available 22,435 square feet 3,300 square feet 1,350 square feet - Currenly Pizzeria can be made available 1,350 square feet - Lease Out Rent Upon Request Extras TBD Co-Tenants LIDL (coming soon), Sonic, Capital One Bank, Dollar Tree, Sherwin-Williams Paint Store, H&R Block Area Retail Chase, Rite Aid, Boston Market, Applebees, AT&T, Wendy’s, Burger King, Dunkin’ Donuts, Kohl’s, McDonald’s, Taco Bell, T-Mobile, TD Bank, Sears, Marshalls, Ma ress Firm , CVS and Stop & Shop Comments • Grocery anchored shopping center • Shirley’s main intersec on • Four-way intersec on with traffi c light and incredible vehicular traffi c • Pizzeria can be made available • Call for other poten al availabili es For More Informa on: Russel Helbling | [email protected] | T 516 874 8070 x1506 Stu Fagen | [email protected] | T 516 874 8070 x1503 William Diakakis | [email protected] | T 516 874 8070 x1521 Nick Laffi n | laffi [email protected] | T 516 874 8070 x1520 ssabre.lifeabre.life shirley, ny 800 montauk highway For More Informa on: Russel Helbling | [email protected] | T 516 874 8070 x1506 Stu Fagen | [email protected] | T 516 874 8070 x1503 William Diakakis | [email protected] | T 516 874 8070 x1521 Nick Laffi n | laffi [email protected] | T 516 874 8070 x1520 ssabre.lifeabre.life shirley, ny 800 montauk highway For More Informa on: