Did you know ...? Russian retailer Lenta announced that it was pulling its 2022 guidance on store openings and capital expenditure, as political uncertainty continues to put pressure on Russia’s retail market. Lenta, which operates a chain of hypermarkets across the country, noted that it would not issue new guidance until market conditions stabilise.
Did you know ...? Dutch retailer Albert Heijn has opened its 70th store in Belgium, in the town of Hechtel-Eksel, in Limburg. The landmark store underlines the Ahold Delhaize-owned retailer’s ambitions in Belgium, it noted in a statement, which are ‘to colour Flanders blue’ with a mix of 100 physical stores and home delivery of groceries.
Did you know ...? Ukraine has insufficient storage capacity, even for its reduced 2022 grain harvest, the United Nations’ World Food Programme announced on Tuesday, with the country struggling to export existing stocks during the invasion by Russia. Jakob Kern, the World Food Programme’s emergency coordinator in Ukraine, cited estimates that 20% of planted areas in Ukraine will not be harvested in July, and that the spring planting area will be about a third smaller than usual.