Retail and consumer goods industry news

29 July 2021
Continente is expanding its partnership with Uber Eats, while Mercadona continues to grow its presence in the market. Separately, Pingo Doce has extended to its private labels with the launch of an active lifestyle range. Continente expands alliance with Uber Eats Sonae MC-owned Continente has expanded its partnership with Uber Eats, offering shoppers access to take-away meals from over 40 Co...
29 July 2021
Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...
29 July 2021
Carrefour has announced Q2 and H1 results showing continued strength in several markets, especially France. At a group level, Q2 showed a sequential slowdown on Q1’s performance but was against a high comparable base in 2020. In H1 the retailer said like-for-like sales rose 3.9% to €38.3 bn. H1 highlights In the first half of its 2021 financial year, Carrefour noted several positive develop...
28 July 2021
Frozen food specialist Iceland has released its results for the 52 weeks ending 26 March 2021. We look at the figures in detail and give a view on what 2021 holds for the retailer. 2020 saw strong sales growth… In Iceland’s FY2020 sales grew +16.4% to £3,714m, from £3,191m. The positive results were driven by heightened demand generated by the pandemic, which was experienced by all major su...
27 July 2021
Unilever has reported strong half year results. Its performance was driven by out of home food, prestige beauty and ecommerce. However, the company expects H2 to be challenging, due to the acceleration of cost inflation, driven by rising prices for raw materials and freight. Strong performance driven by changing dynamics The first half of the year marked a shift in terms of Unilever’s perfo...
27 July 2021
Rising COVID-19 cases and self-isolation The Delta variant of COVID-19 has spread rapidly in recent weeks. Businesses have been raising concerns about the increased number of employees being advised to self-isolate for up to 10 days, following notification from the Test and Trace App that they had been in close contact with someone reporting a positive COVID-19 test result. This has created...
27 July 2021
In the second issue of its quarterly ‘Viewpoint’ report , the economics team at IGD focus on the challenges emerging for the food and consumer goods industry as the economy continues to recover. The latest research has highlighted three key themes: 1. Significant risks to the recovery remain Businesses need to remain alert and agile as a number of factors could mean bumps in the road to...
27 July 2021
Variety discounter Poundstretcher has closed 75 of its stores since its 2020 CVA agreement was announced, according to The Grocer. Closure of 20% of stores The CVA agreement indicated that Poundstretcher may be forced to close half of its stores from its total of 437. Poundstretcher entered into a CVA agreement due to continuous poor performance and it not achieving profitability. T...
27 July 2021
Variety discounter Poundland continues to grow its grocery range, adding chilled and frozen to 37 more stores, and free-from to 300 stores. Chilled and frozen offer soon to be in over 200 stores Throughout July and August Poundland will be adding its chilled and frozen range to 37 more stores, according to The Grocer. The range is currently in 170 stores across the country and was fi...
27 July 2021
Sales in the Irish market declined 5.9% in the 12 weeks to 11 July, according to the latest results from Kantar. Sales still remained elevated when compared to pre-pandemic levels, with market growth +15.9% versus 2019. The reporting period included the Euros and the reopening of pubs and restaurants outside (indoor hospitality remains closed), driving shoppers to spend less time at home cooki...