Retail and consumer goods industry news

29 July 2021
As Carrefour France acquires a minority stake in quick commerce operator Cajoo, its operations in Poland looks to reduce plastic use and it appoints a new chief executive in Brazil, we round up five developments from the retailer. Carrefour acquires stake in quick commerce company in France In its Q2 results statement Carrefour announced its acquisition of a minority stake in quick comm...
29 July 2021
Casino has reported Q2 results showing continued pressure in its home market, even on a two-year basis, was being offset by strength in its operations in Latin America. In Q2 2021 Casino reported total sales fell by 6.5%, to €7.3 bn, with organic and same-store sales down by 2.4% and 4.1% respectively. However, the retailer did note the high basis of comparison with Q2 2020, when lockdowns wer...
29 July 2021
Wawa, headquartered in Pennsylvania, trades nearly 900 convenience stores in the U.S and posts annual sales of over US$12bn. We highlight its four key strengths and areas to watch. 1) A destination for fresh food Wawa began as a dairy business going back more than 100 years. This background has shaped the retailer’s commitment to delivering fresh food, a category that Wawa is now famous for...
29 July 2021
Continente is expanding its partnership with Uber Eats, while Mercadona continues to grow its presence in the market. Separately, Pingo Doce has extended to its private labels with the launch of an active lifestyle range. Continente expands alliance with Uber Eats Sonae MC-owned Continente has expanded its partnership with Uber Eats, offering shoppers access to take-away meals from over 40 Co...
29 July 2021
Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...
29 July 2021
Carrefour has announced Q2 and H1 results showing continued strength in several markets, especially France. At a group level, Q2 showed a sequential slowdown on Q1’s performance but was against a high comparable base in 2020. In H1 the retailer said like-for-like sales rose 3.9% to €38.3 bn. H1 highlights In the first half of its 2021 financial year, Carrefour noted several positive develop...
28 July 2021
Frozen food specialist Iceland has released its results for the 52 weeks ending 26 March 2021. We look at the figures in detail and give a view on what 2021 holds for the retailer. 2020 saw strong sales growth… In Iceland’s FY2020 sales grew +16.4% to £3,714m, from £3,191m. The positive results were driven by heightened demand generated by the pandemic, which was experienced by all major su...
27 July 2021
Unilever has reported strong half year results. Its performance was driven by out of home food, prestige beauty and ecommerce. However, the company expects H2 to be challenging, due to the acceleration of cost inflation, driven by rising prices for raw materials and freight. Strong performance driven by changing dynamics The first half of the year marked a shift in terms of Unilever’s perfo...
27 July 2021
Rising COVID-19 cases and self-isolation The Delta variant of COVID-19 has spread rapidly in recent weeks. Businesses have been raising concerns about the increased number of employees being advised to self-isolate for up to 10 days, following notification from the Test and Trace App that they had been in close contact with someone reporting a positive COVID-19 test result. This has created...
27 July 2021
In the second issue of its quarterly ‘Viewpoint’ report , the economics team at IGD focus on the challenges emerging for the food and consumer goods industry as the economy continues to recover. The latest research has highlighted three key themes: 1. Significant risks to the recovery remain Businesses need to remain alert and agile as a number of factors could mean bumps in the road to...