Target Archives - Saving Seafood

Walmart, Target report strong grocery sales in Q2; SNAP benefits increased

August 19, 2021 — Walmart and Target have reported higher grocery sales in Q2 2021, with Walmart’s sales hitting USD 2.4 billion (EUR 2.1 billion) – up 6 percent compared to Q2 2020 – and Target’s up by “low double-digits,” according to Target Executive Vice President and Chief Growth Officer Christina Hennington

Overall same-store sales at Target grew 8.9 percent in the quarter, on top of record growth of 24.3 percent last year, and its digital comparable sales grew 10 percent after realizing growth of 195 percent last year, Hennington said on the retailer’s Q2 earnings call, according to Progressive Grocer.

Read the full story at Seafood Source

Grocery e-commerce surge to continue, despite drop in August

September 16, 2020 — Kroger, Walmart, Target, Albertsons, and other major U.S. grocery chains are experiencing record e-commerce grocery sales. And while total grocery e-commerce sales declined in August, analysts expect stronger future growth.

U.S. grocery delivery and pickup sales for August totaled USD 5.7 billion (EUR 4.8 billion), down from their peak in June, according to the August 2020 Brick Meets Click/Mercatus Grocery Shopping Survey.

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Amazon’s grocery stores may push seafood changes

March 4, 2019 — Amazon’s new venture into opening full-scale grocery stores will force a change in the way fresh seafood and other items are sold, analysts say.

On 1 March, The Wall Street Journal reported Amazon is planning to open dozens of grocery stores in several major United States cities, including Los Angeles, California.

The stores would not be the smaller, 1,800-square-foot Amazon Go concept stores that Amazon began testing last year, but rather, they will be 35,000-square-feet mainstream grocery stores. The larger size will allow Amazon to offer more variety of products – and likely lower-priced items – than Whole Foods Market stores, the Journal reported.

Existing grocery chains should be concerned by Amazon’s entrance into the market, analysts said in the article. Stock prices for Walmart, Kroger, Target, BJs, Costco, and others all sank on Friday, 1 March.

“Amazon has become one of the world’s largest retailers by driving cost out of the marketplace. Food retailers the ilk of HEB, Publix, Kroger, and Albertsons will have the most to lose as they continue to fight for dollars from the ‘middle,’” Steven Johnson, grocerant guru at consulting firm Foodservice Solutions, told SeafoodSource.

Meanwhile, value grocery chains such as Lidl, Aldi, and WinCo will likely have more growth as Amazon enters the market, according Johnson.

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Retailers, suppliers call on Western and Central Pacific Fisheries Commission for emergency tuna management

November 29, 2016 — European and American tuna suppliers and retailers have called for new interim rules governing the sustainable fishing of Western and Central Pacific tuna stocks.

The group says the interim rules are needed “as quickly as possible”, due to the failure to reach a comprehensive regulatory settlement agreed by country-members of the Western and Central Pacific Fisheries Commission (WCPFC), which “allows unsustainable fishing to continue”.

Interim targets should be in place within the next 12 months, read the letter addressed to the WCPFC – which will meet next week in Fiji — with targets including limit and reference points for all target tuna stocks and key by-catch species where these are not currently in place.

Signatories to the letter, including retail giants Target, WM Morrison Supermarkets and Aldi Sud, note that finding a comprehensive fisheries management system is a “time-consuming and complex undertaking”.

Read the full story at Undercurrent News