Retail and consumer goods industry news

18 January 2021
Market leader Conad has announced its preliminary results and is expecting to have generated a turnover of €15.7 bn, an increase of 10.2%, in 2020. Meanwhile, Todis revealed its results, saying it had seen an increase in turnover and like-for like (LFL) sales. Conad’s sales performance in 2020 Conad announced its preliminary results for 2020, saying it expected to increase its turnover by 1...
18 January 2021
With health and wellness the focus for many retailers at the start of the year, we look at three new initiatives from North America. These are centred on helping consumers make healthier choices, access specialist information, and track progress on their healthy eating journeys. USA: Hy-Vee launches virtual dietitian platform The new platform, Healthie, from Midwest-based Hy-Vee, enables cu...
18 January 2021
Italy-based Gruppo Selex announced it expects to have increased its turnover by 31.7% to €16.2 bn in 2020. Meanwhile, it said it had enjoyed a strong start to 2021 with the joining of the SUN consortium as shareholders. Strong sales performance Selex announced its total turnover is expected to reach €16.2 bn in 2020, an increase of 31.7% compared to 2019. The group ended 2020 with 3,207 sto...
18 January 2021
As Netherlands-based Picnic enjoyed a doubling in turnover in 2019 and Farmy tripled its sales in 2020, we look at four developments in the online channel across Europe. Farmy tripled its turnover in 2020 Farmy, an online grocery specialist that only sells regional and organic products from more than 1,200 authentic producers in Switzerland, has reported growth of 170%, to CHF26m (US$29.2m)...
18 January 2021
South Africa-based Pick n Pay have announced that Richard Brasher will retire from his role as chief executive from 21 April 2021. The retailer said that Brasher will be succeeded as CEO by Pieter Boone, who was formerly the chief operating officer of Metro AG. Brasher to leave Pick n Pay in stronger position than when he arrived Brasher leaves after eight years as chief executive of Pick n...
18 January 2021
Barilla announced it has agreed to acquire a majority stake in Pasta Evangelists, a specialist in D2C fresh pasta and sauces. International growth Pasta Evangelists launched in 2016. The company delivers boxes of fresh pasta and sauces to customers across the UK who are then able to prepare pasta dishes in five minutes. In addition to its core on-demand offer, Pasta Evangelists retail offer...
18 January 2021
The COVID-19 pandemic has accelerated the development and evolution of retailers across the world. For the discount channel, one of the biggest changes in 2020 has been the acceleration of developing online services, to catch up with other non-discounter competitors and meet shoppers’ expectations. With profitability being at the heart of the discount model and a key measure of success, the ...
18 January 2021
Having entered in preliminary discussions around a potential transaction, these have now ended, with Carrefour and Couche-Tard switching their focus to explore opportunities for operational partnerships. Opposition to any deal The discussions had been initiated by Couche-Tard’s “friendly approach” to Carrefour with the objective of acquiring the France-based retailer. However, these d...
16 January 2021
Reliance Retail will depart from its previous strategy of directly selling packaged grocery products.  Instead, its e-commerce platform JioMart will soon use Kirana stores as franchise partners to deliver non-perishable grocery items in India.  Kiranas will be leveraged for non-perishable items; Reliance Retail will fulfill perishable goods JioMart will utilise the existing inventory of the...
15 January 2021
Marc Lore, president and CEO, Walmart US ecommerce, is leaving the business at the end of January. He will remain as a strategic advisor to the retailer until the end of September. Transformed Walmart’s ecommerce operations Lore joined Walmart in 2016 as part of the acquisition of Jet.com, the ecommerce business he founded. In addition to being able to optimise the capabilities of Jet.com, ...