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Top stories summarized by our editors
12/11/2017

Ralphs grocery will reopen a store in North Mission Viejo, Calif., this week that has been renovated to feature the retailer's Ralphs Fresh Fare format, adding departments, services and a layout that offers a better shopping experience. The new store design will also cut energy consumption by 15%, and workers at the store will cut waste and increase recycling under new training.

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Progressive Grocer
12/11/2017

Kroger has expanded its Prep+Pared meal kit offerings to 200 stores, adding the product line to locations in several markets including Columbus and Indianapolis. The move follows a test of the meal kits in Cincinnati earlier this year.

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Kroger
12/11/2017

United Natural Foods reported first-quarter profit of $30.51 million, an increase of 4.4% over the prior year. The company reported a revenue increase of 7.9% to $2.46 billion.

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RTT News
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United Natural Foods
12/11/2017

Sysco, which announced last week it ordered 50 electric trucks from Tesla, plans to focus on growth and expense management as it tries to achieve an operating income goal of at least $650 million before the end of fiscal 2020, according to company executives.

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Electrek, RTT News
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Sysco, Tesla
12/11/2017

Distribution centers are more likely to have successful digital transitions when corporate cultures are prepared and supportive, writes Kelly Squizzero of Infor. Two aspects of achieving digital readiness are cross-functional team-building and visibility.

12/11/2017

A deal to end the first stage of Brexit negotiations between the UK and the EU would be a win for UK retailers concerned about workforce shortages, according to the British Retail Consortium. The plan, which still requires approval by the European Council, calls for protecting the rights of EU workers in the UK and vice versa.

12/11/2017

Metro AG has shuttered its four MyMart convenience stores in Shanghai less than two years after opening them, citing soaring rents and stiff competition. The Germany-based retailer said it will continue to grow other concepts in China, where it has grown to more than 80 supermarkets since opening the first store there in 1996.

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Metro AG, Metro
12/11/2017

Planning for India's first IKEA store, which is set to open next year, started six years ago and involved customizing aspects of the store to fit the market, IKEA India CEO Juvencio Maeztu says. The in-store restaurant's menu will be designed to fit Indian tastes, he says.

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Quartz
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IKEA India, IKEA, Juvencio Maeztu
12/11/2017

China's Alibaba Group Holding will invest around $200 million for around a 25% equity stake in Indian online supermarket Bigbasket in a deal that requires approval by India's Competition Commission, sources said. The deal could ratchet up competition with Amazon, which won governmental approval this year to spend $500 million on food retail in the country.

12/11/2017

The government of India has plans to start highlighting the country's textiles, apparel and handcrafts in 13 international markets, including the US and Russia, as well as several countries in Europe, Asia, the Middle East and Latin America. India commands 5% of the global market for apparel and textile exports.

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Global Market