E-commerce of food and groceries has come to stay and although turnover is declining, as inflation is in double digits and consumers are cutting back to make ends meet, supermarket chain investments in e-commerce channel continue.
The big bet for the small and not yet profitable electronic basket, is the speed of order delivery, since the digital competitors of traditional retailers, the electronic platforms of ordering and distribution, promise deliveries of groceries in lightning times: from 15 minutes to one hour.
Sklavenitis’ new dark stores
In this direction, the leader of the industry, Sklavenitis, is drastically reducing the delivery times in Attica, launching the new ehub (storage center for the service of electronic orders) in Kato Kifissia, covering the northeastern suburbs and the surrounding areas.
This is the fourth and largest “dark store” of the group in Attica, which, according to information available to OT, has the ability to serve about 2,000 electronic orders per day. Thus, the delivery time, which had reached up to 6 days in Attica, now “goes down” to a few hours.
In organized retail, chains competing with Sklavenitis have managed to deliver orders even within the same day, something that the industry leader had so far only managed for orders through the efood platform, but where the 10,000 products on its eMarket online store are not available..
It must be noted that, in addition to the new e-hub in Kifissia, in order to serve the electronic orders of eMarket, the chain has another state-of-the-art e-hub in Petrou Ralli Avenue, one in Gerakas, Eastern Attica and one in Pylaia, Thessaloniki, while in Patras and Larissa where group has expanded its online store digital orders are served through local hypermarkets.
Sources close to the chain state that Sklavenitis’s strategic planning for the further development of its online store includes the creation of new e-hubs for the better and more immediate service of its customers, but also the further strengthening of the eMarket both through the expansion of the available categories and products, as well as through its expansion into new areas.
As for the course of sales of the online store, which was launched in November 2020, the information of the Financial Post states that they are moving in line with the forecasts of the company, achieving consistent performance.
Masoutis, AB Vassilopoulos and Wolt Market are expanding
At the same time, the creation of a dark store in Athens has been launched by Masoutis, which is located in the area of Metamorfosi, while others will follow, according to what the chain claims.
Also, the Wolt Market, which is proceeding with its autonomous expansion, in parallel and independently with the Wolt food distribution platform, today has 5 dark stores in Athens, 2 in Thessaloniki and 1 in Patras, while another will be opened in Nea Ionia, in order to meet the needs in the northwestern suburbs.
At the same time, within the next two years, AB Vassilopoulos is planning two new wahrehouse centers in Attica and Thessaloniki, respectively in line with what it has in the area of Rentis, to serve its online store.
Reduced electronic basket
2022 for the online supermarket shopping sector starts with -4% compared to last year and the course of the industry is expected to be particularly interesting for the remaining 9 months, according to Convert Group.
In the first quarter of this year, the value of the e-cart reached 61 million euros, while the 2021 it reached 255 million euros from 45 million in 2019. It is noted that the Convert Group sample includes a total of 7 of the 9 key players and all delivery platforms that work with online super markets representing 88% of the market.
The categories that increased in value (in euros) of online shopping in the months of January, February and March of 2022 compared to the corresponding period of 2021, stand out as follows: + 11% in pet products, + 3% in care products and baby food and children items and + 2% on stationery and cleaning supplies. In addition, the fresh food category accounted for 34% of the industry’s annual sales.
Regarding the average value of the shopping cart, there is a stabilization in the first quarter of 2022 at 78 euros including VAT, which is approximately at the same levels as in the corresponding quarter of 2021. On the contrary, there is a 4% decrease in the number of products included in online orders.
Latest News
New 11-Month High for Greece with 35M Tourist Arrivals in 2024
Inbound travelers to Greece boosted tourism-related revenues to 21.27 billion euros in the Jan.-Nov. 2024 period.
ECOFIN Approves Revisions to Greece’s Recovery Plan
Greek Finance Minister Kostis Hatzidakis said the decision will kickstart recovery fund absorption set to reach 64%.
Trends Shifting Among Foreigners Buying Holiday Houses in Greece
The primary reason for the shift in the trend is the saturation of popular destinations and the potential buyers’ desire for more privacy
Greek Public Debt at €370.865bln at End of Q3 2024: ELSTAT
It was slightly down from €371.483bln in Q3 2023, according to the quarterly non-financial accounts of the General Government
WEF Report Says 70% Greek Workers Need Retraining by 2030
The report, entitled “The Future of Jobs 2025”, says that a global shift in the workplace will result in the loss of 92 million jobs
National Bank of Greece Finances First Energy Storage Project in Country
The total financing for the project amounts to €41.9 million
Energy Giant Chevron Expresses Interest in Drilling in Greece
In line with this effort, the Hellenic Hydrocarbon Resources Management and Energy Resources Company (HEREMA) is submitting the Strategic Environmental Impact Study today
UBS ‘Bullish’ on Greek Banks
UBS highlights the positive trends in loans and savings and the financing cost, stressing corporate credit expansion acts as the driving force for the banking sector’s profit margins
Cost of Banking in Greece Drops from Monday
The measure aims to lower the cost of doing business and everyday transactions in Greece, with an estimated annual cost to banks of approximately €150 million.
Greek Tax Bureau Chief Details Efforts to Curb Evasion; Digitalize Administration
Independent revenue authority (AADE) Gov. George Pitsilis addresses OECD summit, cites reduction in lost VAT remittances from almost 30% in 2017 to 13.7% by 2022