Retail and consumer goods industry news

24 June 2021
As Sobeys lapped last year’s strong fourth quarter performance, sales and profitability declined. However, it delivered a strong two-year stacked performance and remains on-track with its growth initiatives, including the acceleration of its ecommerce business. Q4 and FY key numbers Q4 sales declined 1.3% to $6.9bn, with same-store sales down 6.1% Q4 two-year stacked same store-sales ...
23 June 2021
Spain-based buying alliance Grupo IFA, which includes members in its home market, Portugal, and Italy, has announced its consolidated turnover reached €32.2 bn in 2020, a rise of 21.8% on 2019’s figure. Strong growth seen across southern Europe markets Grupo IFA’s members in Spain, in conjunction with Portugal-based Sonae MC and Italy’s Gruppo VéGé together operated a total retail sales are...
23 June 2021
Explore how Spanish retailers, including Consum, Unide, SPAR and Lidl, have performed in 2020, during the global pandemic. Consum’s sales grew 13.3% in 2020 Consum ended 2020 with total sales reaching €3,324.9m, an increase of 13.3% on 2019. The cooperative said its online store is not yet profitable, but by the end of the year accounted for 1.5% of its total turnover. Juan Luis Durich, ...
23 June 2021
Boots UK has teamed up with TV presenter Laura Whitmore to highlight the biggest summer beauty trends seen so far in 2021. After a challenging year for beauty sales, Boots UK is looking to inspire and boost shoppers’ confidence as they prepare to get ready to go out again. Bringing beauty back this summer Boots has launched its new summer campaign, ‘Feel Good as New’ to ‘ help empower the n...
23 June 2021
We explore how Spain-based Eroski has evolved so far in 2021. The group revealed Daniel Kretínský has acquired 50% of its Caprabo business, while it has announced plans to expand its Eroski Rapid banner through a partnership with Avia gas stations. Finally, we review Eroski’s 2020 results and its outlook for the next five years. Eroski sells off half of Caprabo Eroski has sold 50% of Caprab...
23 June 2021
The GB market declined 1.6% in the 12 weeks to 13 June, according to the latest results from Kantar. Market growth declines but sales remain elevated This period saw restrictions ease further and the continuation of the vaccine programme rollout. However, as there has not been a complete return to normality this has created a mixed set of results. Despite the market declining, sales remaine...
23 June 2021
Kroger reported better than expected results at $41.3bn for its Q1 2021. These were driven by the sustained growth of digital sales growing by 16% on top of the 92% growth during the same quarter in 2020. New strategy delivering strong results Earlier this year Kroger introduced a new strategy based on two key pillars: leading with fresh and accelerating with digital. This contributed...
23 June 2021
Pride month is observed across many markets in Asia, although it is not as huge as the celebration in Europe and the Americas.  COVID-19 restrictions have hindered plans to have physical gatherings for Pride month, but the pandemic has not stopped some retailers in Asia to launch virtual campaigns for this occasion. Philippines: Alibaba-owned Lazada recognises the LGBTQIA+ stigma  Man...
22 June 2021
Target has unveiled a new sustainability strategy, Target Forward, which will have an influence across all its operations and deepen collaboration with its partners, including product suppliers. Sustainable brands, waste and opportunity and equity The new strategy aims to co-create a more equitable and regenerative future for its customers, associates and the communities within which it ope...
22 June 2021
As it looks to support shoppers’ aim to consume products more sustainably, Carrefour in France and Belgium is rolling out several solutions and initiatives in the countries. Carrefour adds Eco-score labelling on its web site in France Local trade publication LSA has revealed that Carrefour is trialling the eco-score on its ecommerce platform Carrefour.fr. The trial, which sees a rating assi...