Retail and consumer goods industry news

29 January 2021
Germany’s competition authority, The Federal Cartel Office (Bundeskartellamt), has approved Kaufland’s acquisition of some Real stores in Q4 2020. By taking over these stores Kaufland is improving its purchasing position in the country. Acquisition of 92 Real hypermarkets approved Kaufland’s acquisition will see it acquire 92 of the 101 Real hypermarkets it applied for originally, although ...
28 January 2021
Customers of Sainsbury’s Cockermouth store in Cumbria are able to order the full range of products via rapid delivery startup HyperLocal, as reported by The Grocer. Delivery in 20 minutes Thousands of Sainsbury’s Cockermouth store’s SKUs are available for delivery on the HyperLocal website. Orders are picked by personal shoppers with delivery in as little as 20 minutes. Residents within an ...
28 January 2021
Winners have been announced for the 2020 Retail Industry Awards, in a virtual ceremony postponed by the pandemic. The awards celebrate success across the UK retail sector from the largest multiples to independent convenience store operators. Judging was carried out by an independent panel of judges that included representatives from IGD. Lidl named Supermarket of the Year Lidl was awar...
28 January 2021
Amazon has rolled out its Prime membership service in Saudi Arabia, as it looks to further develop its offer in the market. Increasing loyalty Amazon launched Amazon.sa in Saudi Arabia in June 2020 as a rebranding of Souq.com, an ecommerce platform which Amazon acquired in 2017 in the Middle East. Amazon announced that it would build an operations network across the country, further to the ...
28 January 2021
As Auchan sets out its plans for 2021 in Russia and embeds its multichannel strategy in Poland and Romania, we round up five developments from the retailer across central and Eastern Europe. Auchan to focus on modernisation in Russia According to reports in Finmarket, Auchan is not planning to open any stores in Russia in 2021. Instead, the retailer will focus on its current projects of mod...
28 January 2021
Walgreens Boots Alliance (WBA) has appointed Rosalind Brewer as its new chief executive officer. She succeeds Stefano Pessina, who will transition into the role of executive chairman of WBA. Brewer recently served as COO of Starbucks Brewer will take on the role from 15 March 2021 and will also join the WBA board of directors on that day. She most recently served as Starbucks’ chief operati...
28 January 2021
Walmart is rebranding its in-house media business, Walmart Media Group, to Walmart Connect, as it expands its focus across digital and physical platforms. Three focus areas Growing its media business is a strategic focus for Walmart as part of its goal to develop alternative revenue and profit streams. With over 150m weekly customers, Walmart Connect will aim to optimise the retailer’s phys...
28 January 2021
Building on its existing automated micro-fulfillment partnership with Alert Innovation, Walmart is scaling up its programme through engaging with a broader range of partners including Dematic and Fabric. Improving availability, speed and efficiencies Walmart started piloting the micro-fulfillment concept at its store in Salem, New Hampshire, in 2019, using an automated solution in partnersh...
27 January 2021
The retailer has opened 34 new supermarkets in December and an additional three in January, bringing its total store network to 1,022.   Transition from regional to national operator As one of the fastest growing grocery retailers in China, Yonghui is regarded by many as a regional operator. Founded in Fujian in 2001, it entered Chongqing in 2004 and then Beijing in 2009. One of its focu...
27 January 2021
X5 has reported an improved performance in 2020, versus 2019, with it generating revenue of RUB1,975 bn (US$26.31 bn). The retailer saw total sales grew 14.3% year-on-year, while like-for-likes rose by 5.5%. Both rates improved on the previous year when the stood at 13.3% and 4% respectively. Although more than 81% of the growth was derived from the Pyaterochka banner, X5’ new businesses contr...