Retail and consumer goods industry news

04 March 2021
As Auchan looks to roll out further Pedestrian Drives in France, joins the Euromadi buying alliance in Portugal and announces plans to eliminate 55m plastic food trays used for meat and seafood products, we round up news from the retailer. Auchan discusses outlook for Pedestrian Drives in France In an interview in ZDNet, Auchan banner director for its Drives in France, Pascal Damien, looked...
03 March 2021
As part of its five-year $3.5bn investment plan, Walmart Canada is set to open its first store featuring automated micro-fulfillment and automated pickup kiosk for grocery ecommerce. Investing in stores, supply chain and technology Walmart Canada outlined its investment plan last year, with a focus on its stores, supply chain and technology. Several of the new elements came to life at...
03 March 2021
The global grocery retail market is on track to generate an additional $440bn in sales between 2020 and 2022, yielding a 3.1% CAGR (compound annual growth rate), according to our latest forecasts. We look at the detail behind this growth.  An exceptional 2020 driven by the pandemic The increase in sales for the period follows an exceptional growth for grocery in 2020, which saw the top 20 m...
03 March 2021
While 2020 saw independent retailers experiencing growth unlike any other year, it was often a bewildering 12 months for suppliers to the sector. Certainly many suppliers have seen their products getting significant sales uplifts, but by no means have all benefited to the same extent. Moreover, even those suppliers that were able to ‘catch the wave’ often faced disruption as demand outstripped...
03 March 2021
Stephane Coum, CEO of Central Food Retail under Central  Retail  in Thailand, shares how the company has tackled the challenges brought by the COVID-19 crisis, its transformation plans and building resilience for the future. Central Food Retail operates across many different formats and banners: Central Food Hall, Tops market, Tops SUPERSTORE (which competes with hypermarkets), Tops daily and Fam...
03 March 2021
As part of their commitment to sustainability and zero carbon emissions, Walmart-owned Flipkart and Amazon have recently started to shift to electric vehicles for customer deliveries in India. Source: Amazon Stories India Flipkart targets transition to 100% electric vehicles in the next ten years Flipkart plans to have more than 25,000 electric vehicles by 2030.  It will be partnering with ...
03 March 2021
Now that the Chinese New Year festivities are over, retailers and suppliers have started to shift their campaigns to clean and healthy eating.  The timing is appropriate as shoppers would usually look for guilt-free offerings after indulging with a lot of food over the holidays. Cold Storage Singapore: Eat Wholesome, Live Better Cold Storage has recognised that people are looking to make chan...
03 March 2021
Major retailers, Central Retail, Berli Jucker and CPALL, report revenue declines for FY2020. COVID-19 well controlled in Thailand The spread of COVID-19 was under control until the third quarter of last year. A new wave of increased daily cases started in mid-December, impacting year-end festivities. The government imposed an array of restrictions by province to avoid a national lockdown an...
03 March 2021
We look at Target’s latest results and its strategic update which included details of its investment programme for the next few years. This includes a $4bn annual investment plan in digital commerce, new stores and remodels and its supply chain. Q4 key numbers Total revenue up 21.1% to $28.3bn Fourth quarter comparable sales increased 20.5%, with traffic up 6.5% and average ticket up ...
02 March 2021
Instacart has raised $265m in new funding led by its existing investors to drive further growth and development of the business. This values the company at US$39bn. Rapid expansion in 2020 Instacart is the leading on-demand grocery fulfillment company in North America, working with over 600 retail partners, including over 200 added in the last year. This has enabled it to expand its reach t...