Retail and consumer goods industry news

29 June 2022
B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...
28 June 2022
I made a quick stop at the Co-op store while at Glastonbury Festival to see how it has adapted its offer to attendees’ specific needs. The retailer has a long-standing presence at festivals since opening its first in 2018 as part of a partnership with event organiser Live Nation , with subsequent versions, including the one I visited, taking learnings from previous versions. Strong adaptati...
28 June 2022
Walgreens Boots Alliance (WBA) will retain ownership of its Boots and No 7 Beauty company. The decision was announced after no potential buyers could make an offer that ‘adequately reflected’ the valuation of the business. Challenging times has led to WBA’s decision to keep Boots UK The group concluded, after a thorough review that began in January 2022, to retain Boots and No 7 Beauty...
28 June 2022
In our upcoming UK Future Talk webinar hear from our two speakers as they look at the current cost-of-living crisis and inflation’s impact on the outlook for shoppers and grocery retailing in the UK. UK channel forecasts to 2027 First up, Nick will introduce our recently published market and channel forecasts to 2027. He will look at the factors expected to shape the outlook for the UK’...
27 June 2022
Latest accounts filed with Companies House show the UK operation of global warehouse club operator Costco saw its sales rise by 14.4% in the year to 29 August 2021, reaching £3,582m over the 12 months. This is the wholesaler’s second year of double-digit growth over the pandemic period, following its +15.7% performance in the year to 30 August 2020 . Outstanding ‘pandemic’ result with broad...
27 June 2022
Italy’s market leader Conad has announced its 2021 results, its total network achieved a turnover of €17 bn an increase of 6.5% compared to 2020. Conad claims its market share has consolidated over the last 12 months, reaching 15.07%. Conad plans to continue to invest €1.8 bn for its three-year investment plan (2021-2023) to modernise its sales network, which focuses on shopper needs, sustainab...
27 June 2022
As Australia’s Metcash reports its full year results we look at the numbers it has reported and five key standouts from its report. The numbers… For the full year ending 30 April 2022, Metcash reported: Group sales: +5.9% to AU$15.2 bn Group sales including charge-through: +6.4% to AU$17.4 bn and by 17.2% on a two-year basis Group EBIT: +17.7% to AU$472m and by 41.0% on a ...
27 June 2022
From social shopping to a metaverse mall, we highlight five new initiatives and innovations debuted to inspire shoppers and help merchants during this big shopping festival. Inspiring by innovation and new user experience Alibaba’s Taobao unveiled a “Metaverse Mall” in the festival where shoppers were able to use a mobile phone to guide their avatars and do virtual reality shoppin...
27 June 2022
This year the 618 shopping festival generated a total sales revenue of RMB 695.9bn (USD 103.8bn) through ecommerce channels (excluded quick commerce and community group buying), reports Syntun. This is an increase of 20.3% year-on-year, but down 6.2% compared to the previous year's 26.5% sales growth. Besides driving sales through slashing prices and discount coupons, what significant findings...
24 June 2022
We look at Sobeys’ fourth quarter performance and consider what’s next for the business as it moves into the final year of Project Horizon, its three-year, growth-focused plan. Q4 and FY key numbers Total sales increased 13.3% to $7,841m, underpinned by the acquisition of Longo’s and an extra trading week (53-week calendar) Q4 same-store sales (ex-fuel) decreased by 2.5%, reflecting e...