The daily intelligence brief read by people who shape European grocery. Seven complete issues, fully unlocked. Read the 8th to keep them coming.
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Amazon quietly closed its 72 Fresh stores across the US and pivoted to same-day grocery delivery via Prime. The physical footprint experiment is over. The lesson: grocery is a logistics problem disguised as a real estate problem.
Read full issue →Walmart does $275B in annual grocery revenue. That's more than the entire GDP of Portugal. Yet most strategic analysts still treat it as a US discount retailer rather than the world's largest grocery company by revenue.
Read full issue →Alibaba's Hema operates 300+ stores across 30 Chinese cities, generating RMB 100B+ ($14B) in annual revenue. The format combines supermarket, restaurant, fulfillment center, and data collection engine in a single model that Western analysts keep dismissing as 'unique to China.' It's not.
Read full issue →Woolworths has operated at a structural premium over its competitors in Australian grocery for over a decade. The moat isn't the brand — it's the combination of fresh supply chain depth, store network density, and data leverage that competitors have spent $4B+ trying to breach.
Read full issue →Marks & Spencer's Food Hall format has quietly become the most profitable grocery square footage in the UK. Not the biggest, not the cheapest — the most profitable. 6,000 sq ft in a high street location generating GBP 4,200 per sq ft in annual sales versus the industry average of GBP 1,100.
Read full issue →Spinneys operates 74 stores across the UAE, Qatar, and Oman, generating Dh1B+ ($272M) in annual revenue. The operation is a masterclass in how to price, format, and localize in a market where 89% of the population is expatriate.
Read full issue →Tesco's UK operating margin hit 5.8% in FY2025 — up from near-zero in 2014 when the accounting scandal nearly killed the company. That 5.8% represents a GBP 1.2B operating profit improvement in 11 years.
Read full issue →The membership warehouse model and why the 92.3% renewal rate is the most important number in retail — plus what European grocers can learn from Costco's $192M-per-warehouse bet.
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