Walmart’s net sales increased 4.1% year-over-year

USA: SpartanNash announces second quarter results for fiscal year 2024
Grocery solutions company SpartanNash (the “Company”) reported financial results for its 12-week second quarter ended July 13, 2024. Second Quarter Fiscal 2024 Highlights (all comparisons are to second quarter 2024 compared to second quarter 2023 unless otherwise noted). Net sales decreased 3.5% to $2.23 billion, due to lower volumes in both the Wholesale and Retail segments. Wholesale segment net sales decreased 4.8% to $1.55 billion, primarily due to lower volumes in the national account customer channel. Retail segment net sales decreased 0.4% to $676.1 million, with comparable store sales decreasing 2.5%. Incremental sales from the newly acquired Metcalfe’s Market stores were offset by lower consumer demand trends.
Source: prnewswire.com

USA: Colorado launches incentive program for SNAP participants
Colorado is offering financial incentives to SNAP participants to encourage them to use their EBT benefits to purchase fresh fruits and vegetables, the U.S. Department of Agriculture’s Food and Nutrition Service announced. Participants in the state’s new SNAP Produce Bonus program will receive a 1:1 match for their spending on qualified fruits and vegetables, with a cap of $20 per transaction and $60 per month.
Source: grocerydive.com

US retail sales of plant milk in numbers: Coconut increases, almond milk decreases, soy and oat milk stagnate
According to new SPINS data obtained by AgFunderNews, retail sales of plant-based milk in the U.S. fell 5.2% in the year ended July 14, with units declining 5.9%. Almond milk sales continued to decline, while oat and soy milk sales were flat. The only major subsegment to see any notable growth in the 52-week period was coconut milk, whose sales rose 12.6% to $137 million and whose units increased 13.9%, albeit from a small base.
Source: agfundernews.com

USA: Walmart raises profit forecast after strong second quarter
In the second quarter of 2025, Walmart’s consolidated revenue was $169.3 billion, up 4.8 percent year over year. In the U.S., net sales exceeded $115 billion, up 4.1 percent year over year. Comparable sales excluding gasoline increased 4.2 percent, while transactions (3.6 percent) and average ticket amount (0.6 percent) also increased.
Source: supermarketnews.com

USA: T&T opens first store in California
Asian grocer T&T Supermarket Inc. will open its first store in California. The 55,000-square-foot supermarket is scheduled to open next fall and will be located in San Jose’s Westgate Center, which used to be a Walmart store.
Source: canadiangrocer.com

USA: The Fresh Market and NielsenIQ enter into new partnership
The Fresh Market has entered into a new cooperation agreement with NielsenIQ (NIQ). The aim of the partnership is for the global consumer intelligence company to support the specialty grocery retailer in its further growth and redefine the shopping experience, according to NIQ.
Source: progressivegrocer.com

USA: Consumer Price Index – July 2024
The consumer price index for all urban consumers (CPI-U) rose a seasonally adjusted 0.2% after falling 0.1% in June, the U.S. Bureau of Labor Statistics reported. The index for fruits and vegetables rose 0.8% during the month and the index for nonalcoholic beverages rose 0.5%.
Source: bls.gov

USA: Divert, Inc. launches Food Waste Legislative Tracker to accelerate the fight against the food waste crisis
Divert, Inc., an impact technology company with a mission to Protect the Value of Food™, announced the release of the Food Waste Legislative Tracker to provide insights into ongoing and existing policy issues surrounding food waste in the United States.
Source: businesswire.com

USA: Consumers prove resilient again
The latest Brick Meets Click/Mercatus grocery shopping survey found that the overall U.S. online grocery market grew 9.2% year-over-year, reaching $7.9 billion in sales last month.
Source: progressivegrocer.com

Singapore: Grab reports results for the second quarter of 2024
Grab Holdings Limited announced unaudited financial results for the second quarter ended June 30, 2024: Revenue increased 17% year-on-year, or 23% at constant exchange rates, to $664 million. On-demand GMV increased 13% year-on-year, or 18% at constant exchange rates, to $4.4 billion. Operating loss improved by $121 million year-on-year to $56 million. Adjusted EBITDA improved by $81 million year-on-year to $64 million.
Source: grab.com

Study: Prices in Greek supermarkets fell in July
According to a new survey by the Institute for Consumer Goods Retail Research (IELKA), product prices in Greek supermarkets recorded an average year-on-year decrease of 1.56% in July. The largest decrease was recorded in the fresh fruit and vegetables category (-7.34%), as it benefited from better weather conditions compared to 2023.
Source: esmmagazine.com

China: Alibaba Group announces results for June quarter 2024
Alibaba Group Holding Limited (“Alibaba” or “Alibaba Group”) announced its financial results for the quarter ended June 30, 2024. For the quarter ended June 30, 2024, revenue was RMB243,236 million (US$33,470 million), an increase of 4% year-on-year; operating income was RMB35,989 million (US$4,952 million); and net profit attributable to ordinary shareholders was RMB24,269 million (US$3,340 million).
Source: alibabagroup.com

Great Britain: Aldi cancels click-and-collect service
Aldi UK, Britain’s fourth-largest supermarket chain, will end its click-and-collect service, which was introduced at the height of the pandemic, the company said. It is currently available in 174 of Aldi’s 1,020 stores in the UK, but the service will cease on August 18.
Source: reuters.com

Chinese e-commerce group JD.com exceeds profit forecasts in the second quarter
Chinese e-commerce conglomerate JD.com reported second-quarter profit that beat forecasts, thanks to price cuts that attracted budget-conscious shoppers to the platform. The company’s total revenue rose 1.2% to 291.40 billion yuan ($40.71 billion) in the second quarter, compared with estimates of 292.89 billion yuan.
Source: reuters.com

Football spending and discounts boosted UK retail sales in July
British retail sales rose slightly in July, partly due to extra spending around the men’s European football championships, official figures show. An unusually cool and wet June had kept shoppers away and weighed on overall economic growth. Retail sales rose 0.5 percent in July, after falling 0.9 percent in June, and were 1.4 percent above the year-ago figure, the Office for National Statistics said.
Source: reuters.com