Retail and consumer goods industry news

25 January 2021
South Africa-based, Walmart-owned Massmart has published a sales update for its 2020 financial year, noting trading its fourth quarter improved as ‘ many of the previously imposed Covid-19 related trading restrictions [were] lifted, which allowed trading to resume in most categories . However, the continued restrictions on the sale of liquor had a strong impact on its overall performance. Sale...
25 January 2021
Les Mousquetaires announced full year 2020 results showing revenue, including fuel, rose 2.3% to €46.3 bn. Underlining how shoppers adapted their buying behaviour in response to COVID-19 and restrictions and lockdowns implemented as a result, Les Mousquetaires with proximity formats outperforming. Strong difference in performance by format Les Mousquetaires reported its food retailing busin...
25 January 2021
In collaboration with Yushan Bank, Carrefour opened an unmanned store called iCarrefour in January. Store trial started in May 2020 The retailer has been testing the unmanned store concept inside its HQ building since May 2020. With a sales area of nine sq m, the unmanned store is “mini” in size and carries around 600 SKUs, designed to fulfil the shopping missions of office workers inside t...
25 January 2021
EG Group, whose owners Zuber and Mohsin Issa are in the process of buying Asda from Walmart, has appointed retail heavyweight Stuart Rose as its new chair. Governance structures to be strengthened Rose, a former executive chair of M&S, is currently chair of Ocado, but will step down from this role in May. He will take up the new position at EG Group immediately and will work to develop impr...
25 January 2021
Kroger and Ocado have confirmed Phoenix, Arizona as the location for one of its 10 announced Customer Fulfillment Centres (CFC). We look at where the two companies will be aiming to grow their share of the US online grocery market. Supporting Fry's and Fry's Marketplace banners Last year, Kroger announced that it would open new facilities in the Great Lakes, Pacific Northwest and Southwest ...
23 January 2021
Reliance Retail plans to integrate its own e-commerce app JioMart into WhatsApp, within the next six months.  This would enable 400m users of India’s most popular messaging app to order food and grocery products, without having to switch to another platform. Integration challenges Flipkart and Amazon in India’s online retail market Customers can place their orders on JioMart by adding its W...
22 January 2021
Turkish on-demand rapid delivery company Getir announced it has secured $128m for international expansion in a funding round. Valued at $850m The funding round, led by venture capitalist Michael Moritz’s Crankstart Investments and Brazilian Base Partners, valued Getir at around $850m. With this investment, Getir aims to expand internationally to offer its services initially in London, Sao P...
22 January 2021
Cencosud S.A. is a Chilean-based multi-format retailer with operations in Argentina, Brazil, Chile, Colombia, and Peru. The business has announced plans to invest US$1.8 bn between 2021–2023. This will be mostly invested in renovating and constructing stores, as well as developing technology and launching a new proximity supermarket banner. Heavy investment in renovating and constructing new s...
22 January 2021
With news of potentially problematic new virus strains and uncertainty over how and when restrictions will be lifted, food and drink businesses face an extremely challenging start to the year. The implications affect the whole supply chain from manufacturers and wholesalers to retailers and operators.  All links in the chain must work more closely than ever to ensure businesses survive the t...
22 January 2021
P&G reported a strong second quarter, reflecting pandemic-driven demand for its brands. Although there is a degree of uncertainty and volatility associated with its expectations for the second half, the business is confident that it will benefit from shifts driven by the COVID-19 pandemic. Sales guidance raised despite second half uncertainty Second quarter sales increased by 8%, driven by ...