Retail and consumer goods industry news

19 July 2022
As M&S and The Co-op look to limit food waste and Sainsbury’s adapts one of its products to reduce plastic use, we round up three initiatives from the retailers. M&S removing best before dates from fruit and vegetables range Following a successful trial M&S is to remove best before dates from more than 300 fruit and vegetables SKUs, which the retailer says is 85% of its produce offer. The i...
18 July 2022
Rising COVID-19 cases in many parts of the world, driven by more virulent strains of the Omicron variant, means that retail hasn’t been able to fully move out of the pandemic’s shadow. We look at how this is interplaying with several of the other trends shaping the market and what to expect from retailers over the next six months. Heading to a post-pandemic future This is a headline that ha...
18 July 2022
The food-to-go market will be worth £18.9bn at the end of 2022, an increase of 3% on 2019 levels according to our new UK food-to-go market 2022-2027 report. The return to growth has happened around six months earlier than previously anticipated, although the gains made during 2021/22 will be dampened by rising inflation and reduced discretionary spend from the cost-of-living crisis in 2023/24. ...
18 July 2022
In the UK, Amazon Fresh has launched a Tesco Clubcard Price Match for online shoppers. Prices matched and locked for four weeks Amazon has announced it will match and lock to Tesco Clubcard deals every week on hundreds of own-label and branded products for its Fresh grocery delivery service. The retailer will keep the price locked for at least four weeks and will add new products every week...
15 July 2022
How are leading retailers rethinking convenience, large stores, discount and drugstores? We round-up recent store developments highlights from the region. 1. Alibaba’s Freshippo Outlet, China Driven by the ambition to reduce food waste, this concept uses dynamic pricing, accessed via its app, to offer the best value to shoppers. Read more here 2. ParknShop’s TASTExFRESH, Hong Kong ...
14 July 2022
In 2021 Kesko took €11.3bn which was +8.2% against the previous year with the grocery trade growing 3.1%. This year the retailer has already taken €5.9bn which is +5.2% vs 2021. Grocery trade reports a 3.6% growth in H1 on top of 3.1% growth in 2021 The grocery sector of the business has already taken £2.96bn (+3.6%) in H1 and from April to June the growth was 5.2% vs 2021. In the month of Ju...
14 July 2022
Freshippo Outlet, a new discount format, offers shoppers daily great deals on quality fresh foods and helps reduce the group's food waste. Optimising profitability by reducing food waste According to Alibaba's full fiscal year 2022 report, the growth of direct retail business has impacted its profit earning. Optimizing its operation cost efficiency is crucial for long-term sustainability,...
14 July 2022
Korean convenience operator GS Retail has partnered with the KK Group to expand its operations in Malaysia. Master franchise deal The first store is on target to open next year, where KK Group will act as a franchisee for GS25 stores in Southeast Asia. Other Korean retailers entering the Malaysian market have signed similar agreements, supporting localisation and in-depth understanding of...
14 July 2022
As the retailer looks to promote its value messages, we round up three developments looking at how Asda is looking to help shoppers as the impact of inflation continues to be felt. Asda to let children eat for £1 at its cafes Asda will allow children to get a hot meal in one of its café for £1 with no minimum adult spend. The retailer said the offer would be available at all its 156 cafes i...
14 July 2022
Pepco reported total Group sales rose 17.1% to €1.21 bn, with like-for-like sales up 4.9% in the three months to 30 June. Expansion continued to drive total sales growth, with the retailer opening 115 new stores during the quarter. Pepco banner outperformed Poundland in Q3… While Group sales rose 17.1%, it was the Pepco banner’s growth of 28.5% that drove overall performance. The retailer h...