Retail and consumer goods industry news

The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) shows that UK retail sales grew by 4.2% in January 2023, a notable step down from the 6.9% uplift seen in December.  With inflation rising shoppers have started 2023 with an intense focus on controlling their spending, especially mindful of the high cost of energy over the winter months, with retail volumes falli...

With EuroShop retail trade fair fast approaching, we list the inspirational stores that will complement your visit to Düsseldorf. Connect with IGD at EuroShop If you are in Düsseldorf for EuroShop from 26 th February to 2 nd March then you should make the most of your time to visit the retailers shaping Europe’s largest grocery retail market. I have pulled out my pick of stores in Düsseld...

It’s almost five years since the first Amazon Go store opened in Seattle in 2018. We recently visited the first store to launch in San Francisco later that year to see how the format has evolved. Chain has grown to 28 stores The Amazon Go chain stands at 28 stores, spread across Seattle, San Francisco, Chicago, New York and Los Angeles. In the latter it has focused on a suburban version of ...

On the back of Lidl GB announcing a huge £4 billion investment into the British food industry this year, we look at other developments in the UK by the German discounter. Major boost for UK suppliers Lidl GB has announced plans to invest £4 billion into the British food industry in its 2023 financial year. This will provide much needed security to its UK suppliers and possibly signals its i...

We review Amazon’s fourth quarter and full year results and pick out six things shaping its medium-term strategy. Q4 and full year key numbers Q4 total revenue up 9% to $149.2 bn, with full year up 9% to $514 bn North America segment increased 13% to $93.4 bn in Q4 and 13% to $315.9 bn for 2022 International segment decreased 8% to $34.5 billion in Q4 and a -8% (to $118 bn) for...

As Colruyt Group invests in AI and autonomous solutions in Belgium, it has also acquired French wholesaler Degrenne Distribution to support growth in the convenience channel. Second OKay Direct store Source: Colruyt Group The retailer has opened its second OKay Direct store in Belgium. The autonomous container store is located in the car park of Colruyt’s OKay Lennik store. It enabl...

Alipay+ has strengthened its partnership with Asia’s largest food delivery platform, Foodpanda, to Malaysia.  Convenient payment for quick commerce TNG Digital was founded by Touch n Go and Ant Group, parent company of Alipay, China's largest digital payments platform. Foodpanda's partnership with Alipay+ and TNG Digital will enable the use of Touch n Go on their platform. This will be a sy...

Tesco Slovakia has stopped printing and distributing regular weekly leaflets. The promotional offers are now available via digital leaflets in the Clubcard app and on the tesco.sk website. The move is expected to save 1,700 tons of paper annually and will also enable shoppers to access more tailored promotions. In a separate move, the retailer has introduced discounts for senior citizens, a re...

At a group level DIA reported an increase in net sales to €7,286m an increase of 9.6% compared to the same period in 2021. DIA revealed the group completed 2022 with a total network of 5,699 stores. DIA’s outstanding sales performance The DIA Group has made significant improvements on previous years, increasing sales across all markets it operates in, which includes Spain, Portugal, Brazil ...

Suppliers continue to face pressure from governments to reach new environmental standards, to limit global warming to 1.5 degrees and helping retailers to achieve their environmental objectives. Danone announced it plans to reduce methane emissions, as Nestlé and Mars Wrigley Australia introduce paper packaging to increase recyclability. Danone pledges to reduce methane emissions Danone ann...