Retail and consumer goods industry news

16 October 2020
Mexican business FEMSA Comercio, which controls the Coca-Cola bottler FEMSA and operates the OXXO convenience store chain, has reached an agreement to acquire OK Market, OXXO’s direct competitor in Chile. OK Market is a convenience banner owned by SMU, Chile’s largest retailer by store numbers and third largest by revenue. After more than a year of negotiations FEMSA has reached a binding ag...
16 October 2020
7-Eleven and Marks & Spencer have partnered Deliveroo to offer customers on-demand grocery delivery in Hong Kong. Over 1,000 grocery products added to Deliveroo Shoppers in Hong Kong will shortly have access to 1,000 (c.200 from 7-Eleven and c.800 M&S) additional grocery products on Deliveroo. The service provider has over 7,000 riders in Hong Kong and can deliver items in as fast as 30 min...
16 October 2020
The hypermarket channel is perceived to be struggling to grow, whether it is in store terms or sales. However, this is far from reality on a global basis. Retailers are finding ways to achieve incremental increases in basket size and are developing their proposition to attract shoppers back to store. We have selected three retailers investing in their largest stores and implementing new strategie...
15 October 2020
Loblaw has partnered with League, Canada’s leading health operating system (health OS) technology provider, to launch the PC Health app. National roll-out planned over the next few months The PC Health app maintains the PC branding related to its President’s Choice private label. Through the app, Canadians will have free access to registered nurses and dietitians, who can provide advice and...
15 October 2020
Tesco has launched a trial partnership with online electricals specialist AO to open its first physical stores at Tesco stores. Five stores to open The first AO concession, will open at Tesco Extra Middleton, later this month and four others will follow. Shoppers will be able to browse and purchase from all AO's product range, excluding mobile phones.  This includes larger electricals such ...
15 October 2020
Metro generated like-for-like sales showing a slight contraction, of just 0.5%, in its fourth quarter. The company said a recovery in HoReCa sales and a ‘ positive sales development ’ in Germany, Russia and Eastern Europe had underpinned its improving performance. Strong recovery in key markets Metro said like-for-like sales had turned positive in Germany, Russia, and Eastern Europe, which ...
14 October 2020
Albertsons’ Mid-Atlantic division, ACME Markets, has emerged as the successful bidder for 27 Kings Food Market and Balducci’s Food Lover’s Market locations. Increasing competition leading to bankruptcy The retailer’s parent company, KB US Holdings, filed for bankruptcy in August, having faced significant competition in its operating region. The company operated a total of 35 stores. This in...
14 October 2020
As Carrefour acquires an organic specialist in France and expands its online delivery options in Poland, we round up new initiatives from the retailer in Europe. Carrefour acquires organic specialist in France… Carrefour has acquired the Bioazur chain of five stores through its So.bio subsidiary. Bioazur operates stores in the southwest of France and helps build its presence in the organic ...
14 October 2020
Asda has expanded its ‘test and learn’ partnerships strategy by joining forces with leading toy retailer, The Entertainer. It has also announced further initiatives to accelerate its in-store partnerships strategy. Five concessions to open The exclusive partnership will see The Entertainer turn the toy categories in five Asda stores into branded concessions offering customers a much larger ...
14 October 2020
Japan's four largest retailers, Seven & i Holdings, Aeon, FamilyMart and Lawson, have posted their H1 results for the six months from March 1 to August 31, 2020. Summary and our view The big four’s H1 results continue to show the negative impact of COVID-19 has had on convenience retailing in Japan. Average spending per customer at convenience stores has increased, but this has not been eno...