Retail and consumer goods industry news

11 May 2021
Morrisons has revealed robust trading for the Q1 period, the first retailer to release trade figures that annualise against the start of the pandemic. The retailer has also announced a number of initiatives to sustain the momentum including a new loyalty scheme. A robust quarter Group LFL sales for the 14 weeks to May 9 th were up 2.7%. Total sales ex fuel were up 3.3% including a 0.5% con...
11 May 2021
This week Co-op announced ambitious plans to sell fully carbon neutral own brand food and drink by 2025 – a world first.  This target is part of a new 10-point climate plan which sets out how the retailer will achieve net zero carbon emissions by 2040 - ten years ahead of the government’s own ambition. Co-op’s thinking is summarised by Food CEO, Jo Whitfield: “ We are facing a monumental cli...
11 May 2021
The latest release from the British Retail Consortium Retail Sales Monitor remain notably elevated that the same period two years before (i.e. prior to the impacts of the pandemic).  Despite the reopening of non-essential stores from 12 April onwards, pushing year-on-year growth up to 51.1%, the two-year performance for the month was slightly slower than that seen in March when total retail growt...
10 May 2021
With Loblaw seeing continued strength in Q1, we look at how it’s preparing for a tougher second quarter as it laps the surge in demand from last year. Q1 key numbers Retail segment sales increased 0.7% to $11.7bn Food retail same-store sales up 0.1% Drug retail same-store sales down 1.7%. While pharmacy same-store sales increased 3.5%, front store same-store sales fell 6.4% Ecom...
10 May 2021
Gopuff, a quick commerce pureplay in the US, has announced it has acquired Fancy in the UK, marking its entrance into international markets. Geographic growth Gopuff provides on-demand delivery of household products, medication, food and drink in over 650 cities across the US. It operates more than 250 micro-fulfilment centres to fulfil orders. Fancy, also a quick commerce pureplay, offe...
10 May 2021
Asda has published its first Environmental, Social and Governance (ESG) report. In it the retailer highlights how it plans to make it easier and affordable for shoppers to lead more sustainable lives. In preparation for the report, Asda communicated with over 3,000 customers to understand which ESG issues matter most to them. Three priorities stand out for Asda shoppers Asda’s research show...
10 May 2021
Boots has opened its first three stores with PT Mitra Adiperkasa Tbk (MAP), a lifestyle retailer in Indonesia. A quick store turnaround Walgreens Boots Alliance (WBA) announced plans to expand into the Indonesian market in 2019, with Boots International signing an agreement to form a store development partnership with MAP. The first set of store openings were expected to occur in the s...
10 May 2021
Uber and Gopuff have announced a strategic partnership to provide a solution for everyday essentials through Uber Eats. Everyday essentials delivery offering Gopuff provides on-demand delivery of household products, medication, food and drink in over 650 cities across the US. It operates more than 250 micro-fulfilment centres to fulfil orders. In 2020, Gopuff increased the number of micro-f...
10 May 2021
Casino said net sales fell by €1.1 bn to €7.1 bn in Q1 2021 versus the year before. Net sales fell by €467m in France, where strong growth at Cdiscount offset challenges elsewhere, while they decreased, in euro terms, by €680m in Latin America. However, the retailer noted the sharp improvement in its profitability during the quarter, with its EBITDA rising by €22m to €429m, driven by its on-going...
10 May 2021
Casino-owned Cnova has reported a strong performance in its first quarter, with growth driven by the number of users buying through its marketplace rising strongly. Marketplace represents 46% of GMV sales in Q1 2021 Cnova reported traffic, in millions of visits, increased by 18.9% to 294m in Q1 2021. More visits led to more orders, with the number rising by 16.9% overall, but with orders ov...