Convenience news

Mexican Coca Cola bottler FEMSA, which owns the OXXO convenience chain, recently announced the chain had seen a 24.1% decrease in store traffic during the early phases of the pandemic. This led to a decline in sales, which was accentuated by a reduction in the average customer ticket as well. For Q2, FEMSA reported an 8% decline in revenue for its proximity stores, with same-store-sales down...

Asda has unveiled two new trial partnerships with leading brands, as it follows through on its 'test and learn' strategy to make stores more engaging to shoppers. B&Q in-store shops A collaboration with the UK's leading home improvement retailer will see compact B&Q stores installed in four Asda superstores. The first two stores, which will open in Dagenham and Sheffield later this year, wi...

Co-op have announced interim results for the first half of 2020* showing a 7.6% increase on last year.  This puts the retailer ahead of the forecasted 6.8% growth for the total UK food and grocery market in 2020 according to IGD's lastest channel forecasts . * 26 weeks to 4 July 2020 Highlights Revenue up 7.6%, driven by food and wholesale businesses Significant increase in co...

Mobile World Corporation, which operates a chain of convenience stores called Bach Hoa Xanh, will partner farmers to grow clean and vegetables for sale at its stores. 4K Farm project with experts The retailer will invest in a model of growing clean vegetables in 4K Farms with four criteria: No pesticides No growth agents No preservatives No genetically modified varieties ...

Gridserve the renewable energy business that plans to open more than 100 electric-only forecourts across the UK has announced the retailers it has partnered with to provide the complementary services on its sites.  As the construction of Gridserve’s first location, at Braintree in Essex, approaches completion it has been revealed that it will incorporate retail units supplied by Booths, WH Smith,...

Japan’s anti-monopoly regulators are encouraging convenience store chains to provide franchises the option to reduce store trading hours. 24 hours trading a hot topic In a report by the Fair Trade Commission, it said, "We indicated that it could be a problem under the anti-monopoly laws. We requested immediate improvements and asked that improvements be reported to us." The commission war...

National symbol group retailer SPAR UK has announced the appointment of Lee Johnson as its Operations and Strategy Director.  Having joined the organization on 17 August, Lee Johnson now has responsibility for the group’s finance, governance, IT supply chain and strategic planning. Joined from Coty Lee Johnson has come to SPAR from the beauty and cosmetics business Coty (whose portfolio inc...

We review how Couche-Tard, which operates mainly under the Circle K banner globally, performed in the first quarter performance and the impact of COVID-19 across its development plans. Q1 headline numbers Total merchandise and service revenues increased 7.0% to $3.9bn Same-store merchandise revenues up 19.9% in Canada, 7.7% in the US and 3.4% in Europe Same-store road transportatio...

As it looks to build on the positive performance in H1, Auchan has rolled out programmes across its operations in Europe as it embeds its Renaissance initiative and focuses on its Auchan 2022 strategy. Auchan extends partnership with OMV Petrom Auchan and OMV Petrom have announced an extension to their partnership, which will see the addition of further MyAuchan convenience stores on the la...

The first 7-Eleven convenience store in Laos will open in Vientiane in 2022. 30 years master franchise agreement CP group has invested in feed, poultry and food business in Laos for about a decade. With a young population, Laos offers a good opportunity for retail business which can also support the sale of CP food products. Joe DePinto, CEO and President of 7-Eleven, said,  "with its remar...