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Weekly Roundup... 17 November, 2020

Published on Nov 17 2020 10:15 AM

Weekly Roundup... 17 November, 2020

Solus have launched an attractive brand refresh, 150 additional LED lines, innovative Customer Lighting Experience displays, and a new ‘Planet First’ sustainability initiative, making them Ireland’s 'cleanest and greenest lighting' company. Solus were proud to partner with SuperValu Lucan this month to light the way into the darker winter months with the launch of a new look in-store that features Solus’ recent brand refresh and new packaging. The innovative Customer Lighting experience with extra LED lines to increase the depth of their range also featured in SuperValu Lucan, as did their new Planet First sustainability initiative, which is closely aligned to the impressive sustainability programme at Musgrave Operating Partners Ireland. Read more on their commercial profile in the November issue of Checkout.

Chinese e-commerce company JD.com Inc on Monday posted a 29% jump in third-quarter revenue as online orders for groceries and other essentials stayed strong even after coronavirus-led restrictions were lifted in the world's second-largest economy, reports Reuters. JD.com, which competes with Pinduoduo and larger rival Alibaba Group Holding in a domestic market nursing pandemic-driven losses, benefited from a broader shift to consumers shopping online from the comfort of their homes.  Chinese e-commerce company JD.com Inc on Monday posted a 29% jump in third-quarter revenue as online orders for groceries and other essentials stayed strong even after coronavirus-led restrictions were lifted in the world's second-largest economy.

Bottler Refresco has reported a growth in gross profit margin to €494 million in the third quarter of its financial year, up from €446 million last year. Adjusted EBITDA for the period increased to €152 million, from €128 million in the third quarter of 2019. The company's net profit declined to €14 million during the quarter, from €17 million in 2019, while volumes increased to 3.2 billion litres from 2.9 billion a year ago, reports esmmagazine.com. Commenting on the company's performance, Refresco CEO, Hans Roelofs, said, "We have delivered a solid performance this quarter, despite the ongoing COVID-19 pandemic. "Our continued growth is a testament to the resilience of our business model, our ability to successfully acquire and integrate companies, and the entrepreneurship and agility of our people."

The Chinese city of Wuhan said on Friday it had detected the novel coronavirus on the packaging of a batch of Brazilian beef, as it ramped up testing of frozen foods this week as part of a nationwide campaign. The Wuhan Municipal Health Commission said in a statement on its website it had found three positive samples on the outer packaging of frozen, boneless beef from Brazil. The beef had entered the country at Qingdao port on 7 August and it reached Wuhan on 17 August, where it remained in a cold storage facility until recently. The novel coronavirus first emerged in the central Chinese city late last year, at a market, and has gone on to spread around the world.

© 2020 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click sign-up to subscribe to Checkout.

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