Retail and consumer goods industry news

19 February 2013
Coles has become the first Australian supermarket to trial a mobile wallet payment system, a significant move as the retailer looks to better leverage the use of the smartphone. Contactless mobile payment and flybuy points with a single swipe Coles has begun trials with 60 customers to test the new Coles Mastercard Mobile Wallet. The new app for smartphones will enable customers to pay for...
18 February 2013
Kenya-based Nakumatt’s managing director, Atul Shah, has, at the opening of a new store, discussed how the company will invest more than KES1 billion to improve its existing operations and expand its retail footprint. Five new stores to be added in 2013 At the opening of Nakumatt’s 39th store, Shah said that the company was aiming to add five stores across both Kenya and Uganda. Commenting on...
18 February 2013
The purchase of 49 Blockbuster stores signals a determination to become a significant player in the fast growth convenience market. In this article we explore the benefits of the deal and how it moves Morrisons closer to being a multi-format and multichannel retailer: A step change in its convenience presence Aligned with convenience DC location Supported by new 'Mo...
18 February 2013
Woolworths has announced that despite operations outside its home market of South Africa accounting for only a small share of its sales in 2013, it is looking to invest in regional growth as part of a ‘long play’ on Africa’s continued economic expansion. Expansion to be driven by company-owned stores Woolworths’s expansion strategy will focus on adding company-owned stores or through operatin...
18 February 2013
The Russian pharmacy chain has announced full year results for 2012 and outlined plans for the coming year. Sales reach RUB 14,899m Unaudited results show that the retailer generated sales of RUB 14,899m in 2012, which represents a 3% increase in year-on-year terms. At the end of the year, Pharmacy Chain 36.6 operated 842 stores across 24 regions in Russia , having opened 49 stores over th...
18 February 2013
Nisa has announced that it will be the first UK symbol group to offer its forecourt retail members the opportunity to have a private label fuel offer; enabling forecourt sites to have consistent Nisa branding across all elements of the location, from pole sign and canopy, to the store. Based on partnership with Greenergy The scope to offer Nisa (or indeed Loco) branded fuel has been achieve...
18 February 2013
Morrisons has purchased 49 Blockbuster stores to convert into convenience stores. Stepping up expansion The retailer has announced the purchase of 49 Blockbuster stores from administrators Deloitte for an undisclosed sum as it steps up its expansion into the convenience sector. It is believed many of these stores are located in London and the south east, an area where traditionally Morr...
18 February 2013
Building on an internal test in 2012, The Denver Channel has reported that Walmart is now testing its scan and go app with shoppers in around 40 stores in Colorado. Customer test builds on earlier internal evaluation Last September, Walmart employees at a supercentre in Rogers, Arkansas, participated in a test which enabled them to use their own smartphones to scan their shopping. It now...
15 February 2013
Croatia-based Konzum, part of the Agrokor Group, has published unaudited results saying that sales rose by 1.1% to HRK13.5 billion. New stores help to drive growth Konzum added 30 stores in 2012, which helped to underpin revenue growth during the year. The company went on to say that while it expected consumption in many of the markets in which it operates to stagnate in 2013, it was aiming...
15 February 2013
South Africa-based Woolworths has announced that during the first half of its financial year it enjoyed total sales growth of 18% and a rise in like-for-like sales of 9.4%. Grocery sales see strong growth The company said that food sales had risen by 11.1%, aided by an increase in price of 7.4%. Like-for-like sales were up by 7.8%, underlining the strength of Woolworths’s performance. Clothin...