Retail and consumer goods industry news

24 January 2022
As we kick off 2022, the COVID-19 pandemic remains front of mind for industry leaders. Many anticipated being well into the recovery stage at this point. But the continued emergence of variants throws up short-term operational challenges, which can limit the headspace for longer-term planning. We’ve identified five trends shaping retailers’ plans this year. 1. Fire-fighting the pandemic and ta...
24 January 2022
Morrisons new owner Clayton, Dubilier and Rice (CD&R) has reportedly started the search for a new CEO to take over from David Potts in about two years. The move follows the completion of Morrisons £7bn acquisition by the US-based private equity firm last October. David Potts has led Morrisons since he joined the business as CEO in 2015 following a 39 -year career at Tesco. There he achieved a ...
24 January 2022
Amazon Style will launch later this year with in-store technology enhancing and personalising the shopping experience. Advanced technology in-store Amazon’s first physical clothing store, Amazon Style, is set to open in Los Angeles later this year. According to Amazon, it will offer a “ seamless and elevated shopping experience” . The store will feature items from brands customers “know an...
24 January 2022
The future of Ministop convenience chain in South Korea has finally been decided. Over the last few years, uncertainty around its ownership has surfaced a number of times, for example in 2018 and last year . Lotte beats Shinsegae to acquire Ministop  According to Inside Retail, Lotte Group, which operates the third largest convenience chain 7-Eleven in South Korea, has acquired Minis...
24 January 2022
Quick commerce has emerged as a new route to market, adding a new channel of operations for retailer and suppliers and is providing new opportunities to engage and sell to shoppers This new channel we estimate is already worth in excess of £1.4bn. Our research has shown that one in three consumers are already using it or are intending to use it in the near future, so that it’s likely to contin...
21 January 2022
Retailers in Germany have been increasing their focus on sustainability, with the government also introducing initiatives to drive this. Rewe launches omnichannel campaign Rewe has rolled out a campaign called ‘Gutes beginnt mit mir’ (good things begin with me), in order to highlight the important role that shoppers have in making more sustainable choices. The campaign uses data and product...
20 January 2022
A new chief commercial officer is appointed, as Ryan McDonnell prepares to step into the CEO position. New chief commercial officer Last year the retailer announced Lidl GB CEO Christian Härtnagel would take the reigns of its German operations in March 2022. After serving more than five years in the post, and over 18 years with the retailer in a variety of roles and geographies, he hands ...
20 January 2022
Across all its operations, Migros has grown sales by 2.2% to CHF28.85 bn in 2021. Core business performing well Across the grocery business, Migros generated sales growth. Denner, its discount banner grew by 1.3% to CHF3.8 bn and convenience banner Migrolino grew by 4.3%. Migrol increased sales by 18.3% to CHF1.45 bn, driven by rising oil prices. Supermarkets and hypermarkets saw sales fall...
20 January 2022
We highlight five trends that will shape the convenience channel this year and beyond. RA subscribers can access the full report here . 1) Return of regional divergence COVID-19 removed a lot of the nuances between convenience stores in different markets and regions globally. Many retailers incorporated a wider selection of pantry and essential items. While some categories w...
20 January 2022
Boots UK announced the launch of its Boots Price Advantage programme, offering exclusive discounts for its Advantage Card holders.   Boosting savings for its loyalty scheme members Boots UK is offering its Boots Advantage Card members special prices across 150 selected products every month. The programme is launching nationwide, across 2,000 stores in the UK. The exclusive prices will be...