Retail and consumer goods industry news

06 July 2021
Ocado Retail’s revenue grew by 19.8% in the first half (26 weeks ended 30 th May), whilst Group revenue (Retail, Solutions and logistics) was £1.3bn up 21.4%. Strong Retail performance even as restrictions ease Ocado announced its Retail business saw strong revenue growth despite the easing of COVID-19 restrictions and with annualisation against periods of lockdown last year. Ocado Reta...
06 July 2021
Having seen a surge in demand for online grocery retail over the past year, we have remodelled how we expect the channel to grow in Australia over the coming years, predicting that online grocery will achieve a market share of 9.9% by 2026, up from an estimated 5.0% by the end of FY21. COVID-19 has accelerated online grocery by three years in Australia Woolworths and Coles currently control...
06 July 2021
Market leader Sonae plans to expand its Meu Super banner in 2021, while Aldi has introduced its first proximity store and Mercadona set out €400m investment plans to expand its presence in Portugal. Separately, Aqui é Fresco announced its sales grew to €437m in 2020, an increase of 12% compared to 2019. Sonae MC to expand Meu Super’s presence Sonae MC is to expand its Meu Super banner in Po...
06 July 2021
Sainsbury’s has lifted its profit guidance following strong first quarter trading performance despite a tough comparative against the initial weeks of the pandemic. In this article we look at five factors contributing to Sainsbury’s better-than-expected trading. Key numbers for 16 weeks to 26 June 2021 Q1 grocery sales +0.8% on 2020 (+1.6% LFL), +11.3% on 2019, with sales benefiting ...
05 July 2021
Why do discounters need to showcase value? It will always be at the heart of their model. But it’s now becoming more important to demonstrate. The rise of savvy shopping behaviour means more major retailers are strengthening their value credentials. Plus, discounters have seen relative underperformance in the past year in some markets including Germany and the UK, compared to other channels. A...
05 July 2021
With sales increasing 11% in the second quarter as the company benefitted from a sustained shift to at-home consumption and the recovery of demand from away-from-home customers, McCormick has increased its outlook for the full year. We look at how it plans to capitalise on some of the sector’s key trends to drive growth. Four key trends A decline in consumer segment sales of 2% was a strong...
04 July 2021
Just two weeks after rejecting a £5.5 bn takeover approach from US private equity group Clayton, Dubilier & Rice, the Board of Morrisons has unanimously recommended that its shareholders accept a £6.3 bn takeover offer from a consortium led by private equity firm Fortress. The new offer is pitched 42% above the price of Morrisons shares before news of CD&R’s offer broke and will involve the ...
02 July 2021
Walmart and Kraft Heinz have partnered to launch 11 episodes focused on healthy, convenient meal solutions, across its shoppable interactive video hub, Walmart Cookshop. Walmart initially partnered with tech company eko in 2018 to develop original, interactive content to help the retailer develop more frequent and deeper engagement with its customers. The technology enables a new level of pers...
02 July 2021
Walmart-owned Flipkart has launched Shopsy, a new social commerce platform.  It can benefit individuals and small businesses who can now resell products in their own networks, through social messaging apps such as WhatsApp. Free for individuals & small businesses, who earn a commission for selling Shopsy is a social commerce platform that will allow budding entrepreneurs to register on the ...
02 July 2021
In its latest accounts filed with Companies House (for the year ending June 2020), Bestway the leading independent UK wholesaler reports that following three quarters of falling sales up to March 2020 thereafter growth accelerated rapidly, with the last three months of the period driving the full-year outcome positive as a result. Total wholesale group sales at £2,463m Including wholesale o...