Europe news & analysis

24 March 2022
Finland’s Kesko announced it has updated it sustainability strategy. The retailer aims to continue its sustainability journey by staying ahead of the competition. Previously, Kesko has made the Global 100 Most Sustainable Corporations in the World list by Corporate Knights. Kesko’s sustainability strategy The retailer’s sustainability strategy focuses on four areas: Climate and nature S...
24 March 2022
As Gopuff launches price matching for the UK’s largest convenience retailer and partners with Morrisons, Amazon rolls out Deliveroo Plus as a Prime benefit in Italy, I round up the latest developments within quick commerce. I also round up some of the latest activation I’ve seen from quick commerce pure plays Jiffy, Zapp and Gorillas, including a focus on events. Gopuff price matches Tesc...
24 March 2022
IGD's new research into the UK’s eating out market highlights the complexity of the road to recovery and forecasts that the sector may only reach 79% of its pre-pandemic value in 2022. Consumer behaviour and socioeconomic factors are slowing recovery and driving disparity.  QSR is the driving force behind market growth whilst Restaurants and Pubs will continue to recover but pace will slow. Fo...
22 March 2022
As Biedronka looks to expand its quick commerce service in Poland and Tesco is growing the coverage for its ecommerce store in the Czech Republic, we round up news from the region. Biedronka evolves strategy for ‘digital convenience’-focused future… Poland-based trade publication Wiadomosci Handlowe has reported that Biedronka is expanding its Biek quick commerce delivery solution, which ...
17 March 2022
Ocado Retail has announced a decrease in revenue of (5.7)% to £564.7m in its first quarter, 13 weeks to 27 th February 2022. Customer growth but declining basket Ocado’s active customer base increased by 31% year-on-year (YoY) to 835,000. Order numbers also grew to 367,500 per week, an increase of 11.6% compared to Q1 2021. The value of the average basket fell (15)% YoY to £124. This re...
17 March 2022
We review Couche-Tard’s results for the nine months ended 30 January 2022. Key numbers for the nine months YoY Total revenue up 38.3% to US$46.3bn Merchandise and service revenues up 5.7% to US$12.8bn Road transportation fuel revenues up 55.6% to US$32.9bn Same-store merchandise revenues up 5.8% in Europe and other regions (including Hong Kong), 1.7% in the U.S and -4.2% in Cana...
17 March 2022
Spain’s leading grocer, Mercadona, generated gross sales of €27.8 bn in 2021, up 3.3% on 2020’s figure. Net income was €680m, a 6% decrease compared with 2020. Mercadona invested a total of €1.2 bn in 2021, €920m on 79 new store openings and store refits, €180m in its supply chain and €100m to drive the development of its online business. The retailer ended 2021 with 1,662 stores, 21 more than...
17 March 2022
Consum-owned Charter announced record sales growth in 2021 and plans to expand its network throughout 2022. Furthermore, Supercor Stop&Go advances its partnership with Repsol and Bon Preu announced its sales increased to €1,782m. Charter revealed record sales Consum sales to Charter reached €444m in 2021, an increase of 12.9% compared to 2020. The group revealed it added 14,200 sq m of sales ...
11 March 2022
Consumer prices rose 7.6% year-on-year in February in Spain, the highest level since 1986. The increase in prices was driven by a perfect storm of rising costs across most industries, but especially energy and food. In relation to food, there have been increasing production costs that affect the entire food chain, from farmers to food producers and retailers, which is prompting a steep rise in...
10 March 2022
Jerónimo Martins has announced its FY2021 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sale growth Jerónimo Martins saw sales grow 8.3% to €20.9 bn in 2021, with like-for-like (LFL) sales rising 8.0%. The retailer revealed the positive results were supported by the cumulative effect of all banners and their drive ...