Retail and consumer goods industry news

11 August 2021
Finland's Kesko has grown its market share by 5% since 2014 and doubled its operating margin since that time too. Its hypermarkets and supermarkets account for 60% of grocery sales. As is the case in much of Europe, Kesko’s large stores have outperformed other physical store channels during the pandemic. Hypermarket sales grew by 13% in 2020, while supermarket sales increased by 9%. K-Citym...
11 August 2021
A.S. Watson Group, the retail division of CK Hutchison, has released its unaudited financial results for the first six months of the year ending 30 June 2021. Easing of lockdowns and reduction of store closures have driven growth Total revenue of the world’s largest international health and beauty retailer has grown by 12% due to the gradual easing of restrictive lockdowns around the world ...
10 August 2021
The UK Takeover Panel has ruled that Clayton, Dubilier & Rice, the private equity group that launched the original bid for Morrisons, should have additional time to consider whether to launch an improved bid for the retailer following an increase in the offer from Fortress Investment Group which has been recommended to shareholders. Last Friday, Fortress improved its offer for the business thr...
10 August 2021
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) shows that UK retail sales grew by 6.4% in July, boosted by a progressive return of shoppers to physical stores for non-food purchases. Non-food sales in store grew by 64.9% over 2020. Clothing was the biggest single growth category, contributing around two thirds of the total market uplift in the month. Food ...
10 August 2021
Loblaw is partnering with dentalcorp Holdings, Canada’s largest network of dental practices. Under the agreement, dentalcorp will be the exclusive provider of oral care education and dental health services for users of the PC Health app. Personalised healthcare Loblaw launched the PC Health app last year, in partnership with League, Canada’s leading health operating system technology provid...
09 August 2021
Having delivered a solid second quarter performance, the company’s chairman and CEO, Steven Cahillane, outlined some of the actions it is taking to mitigate the higher costs it is experiencing. Industry wide issue The Kellogg Company is not alone in aiming to mitigate the higher costs it is experiencing across a range of areas including commodities, packaging, freight and shipping. In the U...
09 August 2021
In recent weeks there have been operational challenges due to increased number of employees being advised to self-isolate. However, there are sufficient food supplies within the system and the impact on availability has been limited to date. In the latest shopper research conducted for IGD over this last weekend 06-08 August 2021. More adults (56% vs 48% last weekend) claim to have experien...
09 August 2021
Woolworths in Sydney has temporarily closed two stores to help it boost capacity and meet the increased demand for online orders amid the on-going COVID-enforced lockdown in the city. Thousands of more delivery slots will be made available The two stores in Western Sydney, located in Cecil Hills and Fairfield, have been closed to the public and will be used to purely fulfil online orders un...
06 August 2021
It has been announced that Asda chief executive Roger Burnley, who was scheduled to leave the business in 2022, has now stepped down with immediate effect. He had been chief executive at the UK’s number three grocery retailer since January 2018. Transition period now complete Following the acquisition of Asda by the Issa brothers, Mohsin and Zuber, in partnership with TDR Capital Roger Burn...
05 August 2021
The Restaurant Hub is a new joint venture between Boparan Restaurant Group and Sainsbury’s, situated in the retailer’s Selly Oak store.  Launched last week, the food court concept is the latest of several recent partnership initiatives by the two companies who have recently unveiled  Caffe Carluccio’s coffee shop in Sainsbury’s St Albans and  Carluccio’s pizza counter and deli in Sainsbury’s Le...