Retail and consumer goods industry news


15 September 2019
We review Sobeys’ first quarter performance as it enters the final year of its three-year turnaround plan and consider what’s next for Canada’s second largest food retailer. Additional cost savings expected beyond initial $500m target Sobeys delivered a solid Q1. Sales increased 4.4% to $6.7bn, with same-store sales, excluding fuel, up 2.4%. Adjusted net earnings increased 33.6% to $133.9m....
13 September 2019
Halfway through its Restock Kroger plan, we review Kroger's second quarter results and the latest initiatives to drive growth. Restock Kroger making progress Kroger's strategic three year plan to reposition and strengthen the core business continues to make progress in its second year of execution. This quarter has seen the highest same store sales growth since its launch in 2018, with a 2....
13 September 2019
Following an earlier test, Walmart is rolling out its ‘Delivery Unlimited’ programme. This enables customers to receive unlimited grocery delivery orders for an annual fee of $98, or $12.95 monthly. Extended to 200 metro areas The programme will be extended to 200 metro areas following the launch of a pilot programme in Houston, Miami, Salt Lake City and Tampa earlier this year. This aligns...
13 September 2019
Kenya-based Tuskys has undertaken a number of initiatives as it prepares for an IPO in the short term. Tuskys searches for strategic investor ahead of IPO… Tuskys is rumoured to be preparing to list on the Nairobi Securities Exchange, two years after initial proposals to do so were raised. As part of the listing plans, Tuskys is looking for a strategic investor to help it implement a new ex...
13 September 2019
M&S has partnered with Infarm - one of the world's leading urban farming platforms - to deliver a range of fresh produce grown and harvested in a selection of M&S' London stores. Six stores to trial six herb range The range includes a selection of fresh herbs - basils, mint, parsleys and coriander - grown in a special cabinet at M&S’ newly re-opened Clapham Junction store in South West Lond...
13 September 2019
Amazon has doubled its delivery network in India ahead of its flagship sales event, Amazon Great Indian Festival Sale. Delivery network expansion Amazon has significantly expanded its supply chain network throughout India to more than 1,400 delivery stations across 750 cities. The expansion aims to strengthen Amazon’s capacity ahead of the festive season. Amazon said over 100 delivery stati...
13 September 2019
Mr. Stephane Coum was previously from Carrefour Italia. Changes to senior management at Central Food Retail Central Food Retail announced Mr. Stephane Coum as the new CEO and President of Central Food Retail. Prior to this, Coum was the director of operations for Carrefour Italia. With more than 20 years’ experience in international grocery retail, he is now responsible to drive the company...
12 September 2019
Amazon has rolled out its Prime membership service in Brazil, as it looks to further develop its offer in the market. Largest benefit offering yet The new service will hopefully drive increased loyalty for the online retailer, opening up what it describes as an the “ largest benefit offering ever made available in programme launches in 14 years of history”. Services available to those that...
12 September 2019
Co-op annonced strong interim results as the retailer continues to outperform the market. Total sales increased by 12% to £5.4 billion, reflecting the full contribution of the Nisa business and continued strong performance of the Food business.  The retailer also returned £29 million of benefits to members and £6 million to 4,000 local causes. Food growth in a competitive market Total Food ...
12 September 2019
AliExpress, Alibaba’s global online marketplace, announced that it will launch its first free return and refund service in eight countries. A move to delight shoppers The service is to be trialled in eight countries before a wider rollout. Buyers in the UK, the US, Canada, Spain, Germany, France, Russia and Australia will be the first to participate in the new program. Product categories...