Retail and consumer goods industry news

13 August 2021
The retailer has opened a high-tech omnichannel supermarket with new concept design in Shenzhen, China. Highlights of the store are summarized below. Seamless O2O shopping experience empowered by technology This includes: Digital screens strategically placed to increase awareness of its online channel Interactive in-store digital screens that allow shoppes to place online orders ...
13 August 2021
Despite a decline in total revenue of 5.3%, driven by planned store closures, major convenience retailer McColl’s has reported like-for-like sales up 1.0% in the six months to 30 May 2021. Benefiting from continuing lockdown impacts favouring local shopping McColl’s, has achieved growth-on-growth through the two pandemic years, with 2021 sales 7.4% higher than the equivalent period in 2019, on a ...
12 August 2021
We review Metro’s Q3 performance in Canada as it lapped last year’s pandemic-driven surge in demand. Third quarter key numbers Total sales fell 2.0% to $5.7bn, up 9.4% vs 2019 Food same-store sales down 3.6%, up 11.4% vs 2019 Pharmacy same-store sales up 7.6%, and up 8.6% vs 2019 Ecommerce sales increased 19% Net earnings down 4.2% to $252.4m COVID-19 related expenses of $...
12 August 2021
Leading independent food and grocery wholesaler, Bestway has appointed Tim Fairs, as Director of Marketing with responsibility for marketing across its stable of retail symbol group fascias that includes Bargain Booze, Best-One, Costcutter and Wine Rack. He joins from convenience retail multiple McColl’s where he was Customer Director from 2018. Role to support major retailer recruitment drive...
12 August 2021
The French multinational retailer is planning to sell its Taiwan business, which is valued at US$1.9 bn. It might consider selling its operations in Poland, Italy, and Argentina as well. The sale is to kick off after the summer According to a report from Reuters, Carrefour has hired Morgan Stanley to run the sale, which is to commence after the summer. Carrefour has approached several poten...
12 August 2021
In our recent store visit report , we explored Boots’ new travel store in Edinburgh Airport and recently launched store in St James Quarter. We also visited its refurbished store in the Gyle Shopping Centre, featuring newly a transformed beauty hall. In this article, we highlight three ways these Boots stores are innovating to attract, engage and inspire shoppers. Showcasing recent beauty ...
12 August 2021
Asda has invested in digital foodservice start-up Lean Kitchen Network (LKN) and plans for a four store shop-in-shop trial as it forges ahead with imaginative initiatives to drive growth at its larger stores. What does LKN do? LKN is a specialist in developing on trend eateries by partnering with large hotel operators, restaurants and pub chains to transform under-utilised kitchen space. It...
12 August 2021
Kroger announced a new partnership with Kitchen United to add ghost kitchen to its supermarkets. Leading with fresh by offering quality and freshly prepared meal As part of its strategy to lead with fresh , Kroger is accelerating its development with freshly prepared meal solutions. The retailer announced a new partnership with meal delivery specialist Kitchen United to add ghost kit...
11 August 2021
Sobeys’ Quebec-based IGA business has invested a majority stake in Ricardo Media to accelerate the brand’s development. Building on existing partnership Founded in 2002, Ricardo Media is a food media company, operating a leading magazine with one million readers, a daily television programme and an online presence that generates 5.4m visits per month. In 2011, the company launched a range o...
11 August 2021
With pet ownership hitting a record high in the US, Target has launched a new private label pet food range, Kindfull. Quality and value The Kindfull range of dog and cat food has been developed over the last year. The retailer set out to bring to market a proposition at the intersection of quality and value. The range has been created with no artificial colours or preservatives, and no whea...