Advertisement

News Briefs

12/12/2022

Ahold Delhaize Closes Upsized Sustainability-Linked Revolving Credit Facility

Image

Ahold Delhaize has revealed the closing of its €1.5 billion (USD $1.6 billion) sustainability-linked revolving credit facility.

The new facility raises the total revolving commitments from €1.0 billion (USD $1.1 billion), reduces Ahold Delhaize’s borrowing costs, and extends the maturity date to December 2027, which may be further extended in accordance with two 12-month extension options. 

The facility linksthe cost of borrowing to Ahold Delhaize’s annual performance on sustainability key performance indicators (KPIs) aligned with its Grounded in Goodness strategy, which focuses on healthier people and a healthier planet. Specifically, the facility includes three sustainability KPIs to lower Ahold Delhaize’s carbon emissions within its own operations (scope 1 and 2), lower food waste, and help customers make healthier choices. The facility also provides the opportunity to add scope 3 carbon emission reduction performance targets by 2025. The company will report progress on its performance targets in its annual reports.

ABN AMRO Bank N.V. and Société Générale acted as coordinators and sustainability coordinators on the facility. 

Last month, Ahold Delhaize revised its interim CO2 emissions reduction target for its entire value chain (scope 3) to at least 37% by 2030, with the aim of becoming net-zero by 2050. The company intends to decarbonize its entire value chain and ensure that all of its climate targets are in accordance with the United Nations’ goal of keeping global warming below 1.5°C. 

 

Ahold Delhaize has also maintained its position as a leader in the Food and Staples Retailing sector in the 2022 Dow Jones Sustainability World Index (DJSI World). The company earned a score of 76 out of 100, well above the industry average of 37 points. With this score, Ahold Delhaize remains No. 1 in the industry in the United States and No. 3 in Europe. 

Ahold Delhaize USA, a division of Zaandam, Netherlands-based Ahold Delhaize that operates more than 2,000 stores across 23 states under the Food Lion, Giant Food, The Giant Co., Hannaford, and Stop & Shop brands, as well as e-grocer FreshDirect, is No. 10 on The PG 100, Progressive Grocer’s 2022 list of the top food and consumables retailers in the United States.

Advertisement
12/09/2022

Kiwibot Launches 1st High-Driving Automation Campus

Image
Kiwibot Campus Teaser

Robotic sidewalk delivery service Kiwibot has introduced the first High-Driving Automation Campus, at Loyola Marymount University (LMU), in Los Angeles, deploying 25 self-driving capacity robots.

Once students place their orders from the retail options on campus, the robots generate multiple paths to reach the pre-established destination and send an alert if an unexpected obstacle or event occurs. A Kiwibot receives the order and location point on a satellite map within campus limits, and then navigates autonomously. The robots depend on GPS technology and a new autonomy platform with a high-tech satellite solution that provides high-accuracy locations for self-driving machines. The devices also use data from camera sensors combined with artificial-intelligence techniques to avoid obstacles, and leverage a navigation system that generates multi-kilometer routes to enable them to reach a pre-defined goal. 

“At Kiwibot, we believe cutting-edge technology rolling through the campus will benefit the community by providing efficient delivery services and a source of inspiration for students,” said Felipe Chavez, co-founder and CEO of Miami-based Kiwibot. “Their presence and purpose are to open minds and generate new, sustainable ideas that can improve their own and their community’s life.

According to Kiwibot, its new autonomy platform has resulted in the company’s safest and most efficient robots, while LMU students, staff and faculty experience reduced wait time for food deliveries at cost-effective rates. One of Kiwibot’s main allies in advancing its technology is Santa Clara, Calif.-based NVIDIA, a leader in AI computing. 

Founded in 2017, Kiwibot launched its first pilot at the University of California-Berkeley campus. The company has already made more than 200,000 deliveries on U.S. university campuses and cities. It also recently partnered with Knight Foundation to advance safe and equitable mobility in four U.S. cities.

12/09/2022

Getir Acquires Fellow Quick-Commerce Platform Gorillas

Image
Getir Logo Teaser

“Ultrafast” grocery delivery platform Getir has acquired Berlin-based on-demand delivery company Gorillas. According to Getir, the move underscores how it leads consolidation in the quick-commerce sector.

“Markets go up and down, but consumers love our service, and convenience is here to stay,” noted Nazim Salur, founder of Istanbul-based Getir. “The super-fast grocery delivery industry will steadily grow for many years to come, and Getir will lead this category it created seven years ago.” 

Founded in 2015 and currently operating in nine countries across three continents, Getir became Europe’s first grocery delivery decacorn – a venture-backed private company with a value of more than $10 billion – earlier this year.

According to a report in The Financial Times, “people familiar with the terms” of the deal said that it values Gorillas at around $1.2 billion, down from $3 billion in September 2021. 

Earlier this year, Progressive Grocer reported on layoffs and closures among quick-commerce companies, noting that “[a] more hybrid approach to buying groceries, coupled with marketplace headwinds like labor scarcities, high prices, omnichannel competition and a rocky stock market, [is] contributing to pullbacks and changes from various platforms.” 

For its part, The Financial Times article noted that “as investors turned against loss-making tech startups, several smaller grocery apps have already shuttered or been sold, leaving Getir, U.S.-based Gopuff and Germany’s Flink as the last surviving big players in the sector.” 

Advertisement
12/09/2022

T&T Supermarkets Opens 4th Store in Calgary

Image
T&T Supermarkets Calgary Teaser

Canada’s T&T Supermarkets recently opened the doors to its newest location, in the Sage Hill neighborhood of Calgary, Alberta.

Located at 10 Sage Hill Plaza NW, the Asian supermarket chain’s latest store is the fourth for the city of Calgary. The 45,000-square-foot location features a wide assortment of Asian snacks and holiday gift sets, produce, live seafood, bakery and self-serve hot meal options. Customers can also shop for T&T Supermarkets’ 400 private label products, including cookware and comfort foods like dumplings and green onion pancakes.

[Read more: “Canada’s Largest Asian Supermarket Chain Positioned for More Growth”]

The Sage Hill location is the first in Calgary to offer customers a dessert bar, with offerings like brown sugar bubble tea, shaved snow ice cream, and grass jelly with taro mix.

The new store also features a custom mural that celebrates an artistic mix of the city’s landmarks and iconic T&T Supermarkets foods that represent Asian culture.

Shoppers at Sage Hill can take advantage of T&T Rewards and online shopping for home delivery at www.tntsupermarket.com and the T&T mobile app. 

One-hundred and fifty new associates were hired as part of the in-store team.

The largest Asian supermarket chain in Canada, T&T Supermarkets operates stores in British Columbia, Alberta and Ontario, and will soon open its first store in Quebec, Montreal. T&T Supermarkets was founded in Vancouver in 1993 and is now led by second-generation successor and CEO Tina Lee. The food retailer has its headquarters in Richmond, British Columbia, with offices in Toronto.

12/08/2022

Grocery Price Increases Slowing Despite Double-Digit Inflation: Report

Image
Produce Section Teaser

The month of November saw a mixed bag as far as grocery prices were concerned, according to IRI’s "November 2022 Price Check: Tracking Retail Food and Beverage Inflation" report. While food and beverage prices for the month were up 0.3% compared to October, the increase is less than the 0.5% jump seen for the previous month, IRI found. 

Though overall food inflation grew 13.2% year over year, inflation in perimeter areas has moderated to 8.2% versus one year ago, and center store inflation leveled off in November to 14.9% year over year. Fresh meat and seafood rose 4.3% over October, though dairy was up 23.4% and bakery product inflation increased 18.4%.

[Read more: "Which CPG Categories Are Currently Experiencing the Most Inflation?"]

“The pace of food inflation is leveling off but remains at a robust 13% level versus one year ago,” said Krishnakumar (KK) Davey, president of thought leadership for CPG and retail at IRI and NPD. “IRI anticipates consumers will continue their trading down behavior over the December holidays and into the new year.”

Davey does believe, however, that some consumers will splurge on holiday food and beverages in certain segments. “Retailers and manufacturers with an in-depth understanding of consumer strategies have an excellent opportunity to build loyalty by offering products, price points and package sizes that provide good value,” Davey said.

12/08/2022

Walgreens Launches Free Delivery of COVID-19 Meds

Image
Walgreens Paxlovid delivery

Nearly three years after the novel coronavirus first made news, Walgreens is offering free delivery of the antiviral medication, Paxlovid. The retailer announced that it is teaming up with DoorDash and Uber to begin delivering the oral pills directly to consumers’ homes.

The service is now available to customers at more than 8,000 Walgreens locations that offer same-day delivery. To receive the therapy, eligible patients must first get a prescription for Paxlovid from a healthcare provider and then go online at Walgreens.com/PrescriptionDelivery to choose the delivery option.

[Read more: "Walgreens Eliminates Task-Based Metrics for Pharmacy Staff Reviews"]

Walgreens is making Paxlovid delivery possible as people gather more frequently during the holidays and during the time of year when illnesses tend to spread. The company cited its COVID-19 index data showing that overall COVID positivity rates are 36% this week.

Earlier this fall, following the urging of President Joe Biden to make COVID-19 treatment more accessible to vulnerable and underserved communities, the retailer announced its intent to offer free delivery of Paxlovid. “The COVID-19 pandemic has exacerbated health disparities and emphasized the need to address long-standing barriers, including access to treatments,” said Anita Patel, PharmD, VP, pharmacy services development at Walgreens. “Our pharmacy teams will continue to play a trusted and essential role in helping to keep people protected from COVID-19, including getting people vaccinated, tested and treated as safely, equitably and effectively as possible.”

Walgreens and Uber have partnered before to assist patients facing COVID-related accessibility challenges. The businesses created the Vaccine Access Fund aimed at connecting people from underserved areas to transportation to and from COVID-19 vaccination sites.

Deerfield, Ill.-based Walgreens, which operates nearly 9,000 retail locations across the United States, Puerto Rico and the U.S. Virgin Islands, is No. 5 on The PG 100, Progressive Grocer’s 2022 list of the top food and consumables retailers in North America.