Retail and consumer goods industry news

Walmart has hosted a US manufacturing summit to underline its commitment to buy an additional $50bn in US sourced products over the next ten years for its domestic operations. Broader industry support could drive $500bn sourcing opportunity A key focus of this summit was on the job creation opportunities that would be created through having a stronger manufacturing base in the US. Encouragin...

Turkey-based discounter BIM has announced second quarter results showing that revenue had risen by just over 20% to TRY2.8 billion (US$1.4 billion). Second quarter sees pace of revenue growth increase The 20% growth in revenues in the second quarter of the financial year meant that the retailer saw a faster pace of growth in the latter quarter compared to the first. In the first half of the...

In Press interviews Steve Murrells, chief executive of The Co-operative's food business has revealed the retailer is set to trial a number of online delivery models before Christmas, bringing the group into the £6.5bn online grocery market for the first time. Four offers to be trialled With the online grocery market set to grow by over 120% to £14.6bn by 2018, The Co-operative is keen ...

Turkish retailer Migros Ticaret has reported double digit sales growth in the first half, advanced by a rapid store expansion plan and continuing market share growth. Double digit sales growth but Migros makes net loss of TL 125.9 million Although Migros reported strong sales growth in the first half of 10.1% there was also a reported a net loss of TL 125.9 million. Rapid expansion p...

Asda is extending its mid-tier private label range, 'Chosen by you ', to include a new children's food range. 'Chosen by kids' The new range, 'Chosen by kids', will launch with 180 new products. The products have undergone blind taste tests with children aged 4-8 years, as well as their mums. The range will cover a wide variety of meal occasions, from breakfast through to teatime. The ...

Australian grocery retailer Coles has launched a new price campaign focused on promoting great value frozen products. Expanding ‘Down Down’ to over 150 frozen products The new campaign will see Coles leverage its long standing and successful ‘Down Down’ campaign in the Frozen Food Category. The latest round of price cuts means that the retailer has introduced another 40 frozen products un...

After last week's announcement that Tesco and China Resources Enterprise (CRE) are considering a joint venture in China, the retailers are now said to be in discussion about a joint bid for the ParknShop supermarket chain. Clear advantages for both CRE and Tesco ParknShop is Hong Kong's second largest retail chain with more than 345 shops in Hong Kong, Macao and mainland China . Acqui...

Sonae MC, the food retail business of Portuguese group Sonae, has reported a 3% increase in turnover for H1, to EUR1,584m, reflecting factors including positive same store sales growth of +1.5% and its promotional and price cutting activities. Food retail business supporting overall growth CEO Paulo Azevedo said the environment remained difficult in Iberia, with austerity measures contin...

Walmart's South African business, Massmart, has released consolidated first half results today, confirming the 8.9% growth in sales revealed in July, and talking about its strategic priorities. Five strategic priorities for next three years Following the completion of an annual review process, Massmart has outlined five priorities for the coming three year period: Adjust future i...

Ahold has reported group sales growth of 3% (constant exchange rates) for the second quarter of 2013, with an increase of 2% in the US and 5.6% in the Netherlands. Strong performance in Netherlands Overall sales growth in the home market was supported by the inclusion of 22 former C1000/Jumbo stores, and further expansion into Belgium , where four new  Albert Heijn stores opened in Q2....