Retail and consumer goods industry news

03 November 2020
Shoppers can book slots in advance of shopping, in a move to enhance the experience and prevent queuing at M&S stores. How does it work? Shoppers select the store they wish to visit through the M&S website They pick a date and a 30 minute time slot On arrival, an in-store host greets them, managing the total number of shoppers in the store at one time Winter-friendly initiativ...
03 November 2020
In its third annual Christmas report, the retailer shares insight on what it expects from shoppers in the festive season. Family connections One in five people report having grown closer to their family over lockdown, putting family and traditions at centre stage for Christmas celebrations this year. Nostalgia is expected to be highest amongst younger shoppers, with 40% saying a traditional...
03 November 2020
COVID-19 has shifted shoppers to online, and many retailers have rapidly increased their online order capacities using in-store picking. Online profitability, or its unprofitability, is an uncomfortable topic and rarely discussed, but with online penetration at record levels, and most new online shoppers saying they will stay in the channel, I think we’ve got to understand the issue and change...
03 November 2020
The ecommerce giant and Kuaishou, a Chinese video-sharing platform, are partnering up to launch a 200-hour livestream during this year’s Singles Day Shopping Festival. Eight days and eight hours uninterrupted livestream JD.com shared that from 1 November to 9 November, many Kuaishou hosts will take turns presenting in the event. The Kuaishou viewers will receive coupons to be redeemed on ...
03 November 2020
Walgreens Boots Alliance announced the completion of the joint venture agreement with Mckesson Corporation and appointed former senior advisor of the White House to its board of directors. German wholesale joint venture completed WBA and Mckesson announced the finalisation of their previously announced joint venture agreement that looks to combine both their pharmaceutical wholesale busines...
03 November 2020
Ocado has announced it will acquire two robotic companies based in the US, Kindred Systems and Haddington Dynamics. Enhancing robotic picking capabilities Ocado is acquiring Kindred Systems, and advanced AI-powered robotics company, for around $262m. Kindred designs, supplies and services sophisticated piece-picking robots for ecommerce and order fulfilment. This robotic picking solution is...
03 November 2020
Strong demand due to COVID-19 carried over to Q3. Increased volume due to work from home Net profit increased by 54% in Q3 to SG$31.8m (US$23.3m) compared to last year. In the first half of 2020, shoppers loaded up their pantries due to restricted movement imposed by the Singapore government. Although the lockdown was lifted in June, the government continued to encourage working from homes....
03 November 2020
On October 31 st , Aldi Süd opened a 2,000 sq. m. store near its global headquarters in Germany. This is the group’s largest store in the world. In this article, we consider what can we learn from this unusually large store format for the discounter Expansion of an already large store The renovation works added 300 sq m to the existing store in Mulheim an der Ruhr. This created a new total ...
03 November 2020
Walmart Canada’s new store in Vaughan, Ontario, showcases how the retailer is evolving its large store format to support its fast-growing ecommerce business. Most modern omnichannel store Earlier this year, Walmart Canada outlined a $3.5bn investment plan , focused on its stores, supply chain and technology. As part of this, it is investing $110m this year in store renovations and tech...
02 November 2020
With a renewed focus on agility, a recently launched transformation plan and changes in consumer priorities driving demand, the outlook for Kraft Heinz looks strong. We look at how it plans to sustain its performance moving into 2021. Retail sales gains offsetting foodservice declines Kraft Heinz delivered a strong performance in Q3, with retail organic net sales up 6.3% and EBITDA growth o...