Retail and consumer goods industry news

17 April 2013
Tesco has confirmed that it will exit the United States and announced that it will dispose of many unwanted development sites in the UK in order to target investment in areas of the business that offer the best returns. The statements come as the retailer revealed a slowdown in group sales growth to 1.3% to £72.4bn and a 13% fall in group trading profits to £3.5bn for the 52 weeks ended 23 Februa...
17 April 2013
Following the release of Tesco's 2012/13 results, we outline five areas of focus for the retailer in the year ahead. Progress in UK, but more to be done While Tesco's LFL sales trend in the UK has been modest over the last year, it would be unreasonable to expect the many elements of the building a better Tesco plan to all have an immediate impact in such a challenging market. Nonethele...
17 April 2013
The retail division of India's leading company Reliance Industries Ltd has announced plans to open five new cash & carry stores in the first quarter of fiscal 2013. First store shows promising results Reliance Retail reported strong nine month ending results, with turnover growing 44% to INR 77.5bn (USD 1.4bn). Positive same store sales growths contributed to this performance, varying a...
17 April 2013
America’s leading retail pharmacy CVS has announced an offer to give away up to one million smartphones allowing easy access to its convenient mobile app. CVS top-rated retail app Eligible customers can participate in the promotion by visiting the CVS website where they can choose from a range of top Android smartphones, available on a two year contract which will then be shipped directly to ...
16 April 2013
Superdrug, has agreed its first TV sponsorship deal with Discovery Networks which launches a new TV channel on April 30th. Integrated campaign breaks at launch Superdrug has signed a seven figure deal to become an exclusive channel partner for TLC, a new entertainment TV channel which launches on April 30th. The deal signed with Discovery Networks UK, covers an agreed amount of sponsorsh...
16 April 2013
Magnit has reported Q1 sales of RUB131.2bn. Encouraging start to the year In its unaudited results, the retailer has reported Q1 sales of RUB131.2bn which represents a 30.4% increase year-on-year. Like-for-like sales increased 4.8%. This strong performance marks the first time that Magnit has outperformed Russian rival, X5 . Aggressive expansion credited Magnit’s dominant Q1 resu...
16 April 2013
Metcash is to roll out a new marketing campaign that aims to showcase shoppers favourite brands and also highlight the role IGA stores play in their local communities. Leveraging IGA's points of difference The campaign, which will run over the next year, will involve television, digital, catalogue and point of sale activity in all 1,400 IGA supermarkets across Australia . Metcash will in...
16 April 2013
Kerry Foods Direct to Store - a leading van sales operator, supplying chilled products to independent and convenience retailers - has announced it is rebranding as Kerryfresh. This is part of an extensive overhaul, aimed at ensuring it retains its role as a key player in the channel for the fast growing chilled and fresh categories. Includes improvements to range and service As well as rebran...
16 April 2013
As part of an interview in Wirtschaftswoche, Rewe Group’s chief executive, Alain Caparros, has said that the retailer is looking to invest in online businesses. Retailer to invest in start-ups Caparros said that the retailer had been slow to invest in online operations and that ‘as a stationary-orientated retailer, perhaps we lack the DNA for an e-commerce business’. In order to change this...
16 April 2013
Premium Italian food retailer Eataly has partnered with 360 Capital Partners to launch 'Eataly Net' - an international e-commerce distribution venture. Aim is to achieve "worldwide dominance" Eataly has a majority interest of 60% in the venture, called www.eataly.net , with 30% in the hands of 360 Capital Partners and 10% with the CEO and co-founder of Eataly, Franco Denari.  The "ultim...