Retail and consumer goods industry news

25 September 2020
We review Costco’s fourth quarter and full year sales, including the outlook for the holiday season, ecommerce development and further expansion. Key numbers Q4 net sales increased 12.5% to $52.3bn Comparable store sales increased 14.1%, ex-fuel and currency impacts; 13.6% in the US, 12.6% in Canada and 18.8% in other international markets Comparable ecommerce sales increased 91.3%...
25 September 2020
China Resource Vanguard has expanded its strategic partnership with Dada Group, China’s leading local on-demand delivery and retail platform. Dada Group to provide an integrated fulfilment solution The expanded partnership will focus on omnichannel fulfillment, product management, user operations and marketing. JD Daojia will provide CR Vanguard with integrated fulfillment solutions, ...
25 September 2020
As Albert Heijn puts further efforts to spotlight its low prices and looks to attract new shoppers to its ecommerce operations, we round up news from the retailer. Albert Heijn tests delivery service for small households Albert Heijn is testing a new delivery service for small households with the launch of an app called AH Compact. The new delivery service is set to meet the needs of one an...
25 September 2020
A new ALDI store opens in Shanghai in September. It is the retailer’s eighth store in two years. Localised range appeals to Chinese consumers Situated on Hongguan Road, Hongkou District, the store carries about 1,000 SKUs from Ready-to-Eat meals to body care products. The range includes quality imports such as French wine and Australian ice cream, as well as local products that appeal to ...
25 September 2020
As Majid Al Futtaim, which operates the Carrefour brand in several countries across the Middle East and Africa, sets out expansion plans for Egypt and Kenya and signs an MoU for organic produce in the UAE, we round up news from the retailer. Carrefour to invest in expansion in Egypt… Carrefour is set to invest EGP200m (US$12.7m) in Egypt as it expands its store base and improves its existin...
24 September 2020
With the COVID-19 pandemic having provided “a once-in-a-generation opportunity to drive trial for our brands,” we look at how General Mills plans to retain its new customers. Net sales up 9.0% The company delivered a strong performance in Q1 with net sales up 9.0% to $4.4bn, and net earnings up 22.7% to $638.9m. It continues to benefit from elevated at-home demand, with expectations that it...
24 September 2020
Amazon has rolled out its Amazon Fresh service to new locations in the UK. The delivery service is launching in Leeds, Wakefield, and Bradford Amazon Prime members outside of London and the South of England, can now order from tens of thousands of products from Amazon Fresh. It offers free delivery for orders over £40 and same-day delivery for orders placed before 9pm. Products from Boot...
24 September 2020
As Woolworths in Australia continues to drive digital innovation in its business through its X functions, we round up four of its latest developments... New digital, media and creative hub Woolworths will move its WooliesX and BigWX functions, media business cartology and creative agency Greenhouse, powered by M&C Saatchi, into a new building on Sydney's Elizabeth Street in Surrey Hills. Th...
24 September 2020
Morrisons has unveiled a number of improvements to its food box offer to make it more convenient and better value for customers. Subscription food boxes launched From today, customers will be able to sign up for a regular weekly, fortnightly or monthly food box delivery. Those doing so will receive a 5% discount on the price of their food box. A 20% discount code is also available to custom...
24 September 2020
Spain-based retailer alliance Euromadi, which is part of the pan-European alliance EMD, reported sales rose 11.15% in 2019 to €21.53 bn. Wide base of growth… Euromadi reported that its members saw organic growth of 4.5%, which it said was ‘ double the market growth ’, while it also benefited from the addition of new members, Perfumerías Douglas, Makro Cash & Carry and Supermercados Codi. Th...