Retail and consumer goods industry news

24 February 2021
New data from IGD reveals the growth of China’s grocery market will remain robust, with total value reaching CNY11.4 tn (US$1.62 tn) by 2022. Market growth driven by spend rather than inflation With GDP growth ahead of inflation, the economic growth in China has been, and is forecast to be, driven by real increase in output rather than rising prices. The market is expected to see a CAGR ...
24 February 2021
Woolworths Group has reported half year sales up 10.6% to AU$35,845m and EBIT up 10.5% to AU$2,092m for the period ending 3 Jaunuary 2021. Strong growth was seen across all businesses, except hotels, with online sales growing across the group by an impressive 78%. Australian Food sales up 10.6% to AU$23,449m Strong sales growth was seen through the half, slowing marginally in Q2. LFL sales ...
24 February 2021
Mars Wrigley has partnered with US-based retailer, Wakefern, to pilot a robotic kiosk in-store to offer a range of its impulse products for sale. Designed to engage and entertain shoppers Deployed at Wakefern’s ShopRite store in Monroe, New York, the robot has been developed to offer shoppers the opportunity to purchase products which can be found within the checkout zone. Mars Wrigley is par...
23 February 2021
We review CVS Health’s performance for its fourth quarter and 2020 financial year for the year ending 31 December 2020. FY2020 and Q4 key numbers Total revenue for full year 2020 increased by 4.6% to US$268.7 bn (2019: US$256.8 bn) In the fourth quarter, revenue increased by 4% to US$69.6 bn (2019: US$66.9 bn) In the Retail / Long-Term Care segment, revenue increased by 6.6% to US$24.1 ...
23 February 2021
Chinese New Year is the biggest annual trading event for many markets and retailers across Asia.  The pandemic has once again impacted celebrations. This year, retailers are more prepared for the complexity of complying with COVID-19 measures and changes in shoppers’ behaviour. We highlight the best-in-class execution from the Asia region and beyond    1. Growing the eat-at-home opportunity ...
22 February 2021
During a year like no other, Ocado Group delivered a 33% year-on-year (YoY) increase in sales. 2020 saw the launch of the first international CFCs for Groupe Casino in France and Sobey’s in Canada. In 2021, seven partners will be live with Ocado’s technology with ten CFCs live worldwide. Ocado will continue to invest in the Ocado Smart Platform to attract new partners and find efficiencies. In...
22 February 2021
In our report on Valentine’s Day 2021 , we highlight five key themes from the event and explore best-in class retail execution from the UK and beyond. In this article we round up some of our favourite examples of in-store execution from the UK and Canada. M&S: creating an immersive in-store experience Marks & Spencer created a vibrant, love-themed vibe in-store. Its standalone fixtures dis...
22 February 2021
Lotte Shopping appointed Kang Sung-hyun, CEO of Lotte Nestle Korea, as the head of its hypermarket chain, Lotte Mart. Previously a management consultant, joined Lotte in 2009 Kang gained retail experience at strategy consultancy firms Booz Allen Hamilton and Boston Consulting Group, and joined Lotte as Executive Director of the Lotte Strategy & Insight Centre more than a decade ago in 200...
22 February 2021
Historically, across Latin America food-to-go has not been a particular hot spot for product innovation and the category is often uninspiring. This is possibly due to the vibrant street food culture in the region, which is readily available, fast to produce, delicious and affordable. However, in the last year we have started to see early signs of innovation in the category. Despite these dev...
21 February 2021
From our global view of grocery retail we can clearly see the impact that the COVID-19 pandemic has had on the development of food-to-go in small stores. Once a hero category, reduced mobility and stay at home guidance have had a dramatic impact on category sales. In the UK we estimate this loss to be worth c£0.8bn in 2020 vs 2019 (–29%) . However, after an uncertain few months in Q2 2020 w...