First Quarter Results for Amazon
United States: eBay achieves strongest growth in 16 years
The eBay auction site had an exceptional quarter: its turnover increased by 42% – the strongest growth in 16 years – after a year when it was already in strong growth, thanks to the Covid-19 crisis . In the first 3 months of the year, eBay’s revenue grew 42% to $ 3 billion (nearly € 2.5 billion), while gross transaction volume increased from 29% to 27.5 billion dollars (23 billion euros). Net profit increased by almost a third and landed at $ 569 million (€ 470 million).
Amazon to raise wages for more than 500,000 workers
Amazon said it would increase wages from 50 cents to $ 3 an hour for more than half a million of its operations workers in the United States. It comes as President Joe Biden pushed to raise the federal minimum wage, which has been stuck at $ 7.25 an hour since 2009, to $ 15 an hour.
Empire’s family of brands partners with Second Harvest to divert 31 million pounds of food and approximately 41 million kilograms of GHG emissions per year
Empire and Second Harvest have formed a nationwide partnership to implement the Second Harvest Food Rescue app at Sobeys, Safeway, IGA, Foodland, FreshCo, Thrifty Foods and Voila. Second Harvest’s food rescue app will enable Empire’s banners to divert food waste and provide even more access to fresh, healthy food to Canadian families in need.
Canada: Walmart to open Moncton distribution center next year
Walmart Canada is building a distribution center in Atlantic Canada to ship fresh and frozen groceries to the retailer’s 43 stores in the region. The company says the $ 56 million Moncton facility will open in fall 2022 and employ more than 200 workers.
Amazon.com reports first quarter results
Amazon.com, Inc. reported financial results for its first quarter ended March 31, 2021. Net sales increased 44% to $ 108.5 billion in the first quarter from $ 75.5 billion in the first quarter 2020. Excluding the favorable impact of $ 2.1 billion for the year – 12 month changes in exchange rates throughout the quarter, net sales increased 41% compared to the first quarter of 2020.
Portugal: Jeronimo Martins’ quarterly profit climbs 66% amid COVID lockdowns
Portuguese retailer Jeronimo Martins said first quarter net profit jumped two-thirds to € 58m as key Poland market drove sales slightly during pandemic lockdowns there and at home. However, Portugal’s second-largest retailer has warned that uncertainty persists over possible additional restrictions in the countries in which it operates and their effects on consumer behavior. He said he plans to increase the investment to 700 million euros ($ 845.60 million) this year from 470 million in 2020, of which 60% in Poland where its Biedronka unit is the largest food retailer. , but again warned that local restrictions could impact the plan. Sales during the period January to March increased by 1.5% compared to the period of the previous year to reach 4.8 billion euros, an increase of 3.9% in Poland offsetting a 0.8% drop in its leading national supermarket chain Pingo Doce.
Sweden: ICA Gruppen sees mixed performance in Q1
Sweden’s ICA Gruppen released a first quarter business update, noting that while it is still suffering financially in some areas due to the pandemic, it is also seeing growth in areas such as online sales. The estimated overall effect of the pandemic on consolidated operating profit for the first quarter is around SEK 20 million, while the corresponding profit effect in 2020 was around SEK 50 million, due to customer storage in March 2020. Profit for the first quarter of this year was SEK 984 million. (EUR 97.2 million), which includes the net result of divestments and write-downs, for a total of SEK 26 million.
JD opens distribution center in the Netherlands
Chinese e-commerce giant JD will open a new distribution center in the Netherlands. The B2C online retailer will open an 18,000 m² site. large. Two-thirds of this space will be used for warehouse storage, while over 30% will be used for mezzanines. The remaining 350 m² is dedicated to office space. The news was announced by the logistics real estate investor and developer DHG. “Like other big global players, JD.com also sees opportunities in Europe and leases its first distribution center in the Netherlands,” writes DHG.
Tesco to become the first UK retailer to offer sustainable supply chain finance
Tesco is set to become the first UK retailer to offer sustainable supply chain finance to its supply base, hoping to encourage more suppliers to adhere to emission reduction targets based on on science.
Spain: Eroski increases its purchases in the Basque Country by 8%
Spanish retailer Eroski increased its purchases of local products from agri-food producers in the Basque Country by 8% last year, purchasing more than 205 million euros worth of products. Eroski works with nearly 300 small agro-food producers in the Basque Country to source up to around 9,000 items. Products are an important part of its stores, especially seasonal fruits and vegetables, the retailer said. The chain has also seen its sales of vegetables from the Basque Country grow by 20% since it launched its local vegetable plan in 2019.
Singapore: Eat Just and Foodpanda team up for the world’s first home delivery of cultured meat
Eat Just, Inc., a company that applies cutting-edge science and technology to create healthier and more sustainable food, and foodpanda, Asia’s leading food and grocery delivery platform, have teamed up for the world’s first home delivery of cultured meat.
United Kingdom: cooperative to remove all plastic bags for life
The cooperative has announced that it will be removing plastic “life bags” from sale in all of its stores to reduce plastic waste. The supermarket said many shoppers regularly buy lifetime bags for one time, leading to increased production of plastic. It takes more plastic to produce lifelong bags than conventional single-use bags.