Retail and consumer goods industry news

05 July 2022
As Poundland looks to expand its range selling at £1 or less and Poundstretcher returns to profit, we round up news from the retailers. Poundland returns to £1 roots to drive value perception Poundland is to increase the share of products it sells at £1 or less to 60% as it looks to project its value messaging and support shoppers. The retailer has moved away from its fixed price roots over...
05 July 2022
Amazon announced it has launched a new service providing brands with insights about the performance of their products, promotions and ad campaigns in Amazon’s physical stores in the US. Evolving the in-store shopping experience Amazon’s Store Analytics service provides brands with aggregated and anonymized insights in Just Walk Out technology and Amazon Dash Cart-enabled Amazon Go and Amazo...
04 July 2022
Food inflation and the overall cost of living pressures on consumers for the near future should provide a positive outlook for the future of Lidl as customers move to discounters for their shopping needs.  Lidl also came out on top of Europe’s leading grocery retailers in 2026 forecast from IGD so why is everything looking so optimistic for the German Discounting powerhouse? 1. Ruthless focus...
03 July 2022
As part of its annual general meeting, Spain-based retailer alliance Grupo IFA has reported its 2021 results with a total consolidated turnover of €33.2 bn, across all its operations in Spain, Portugal and Italy. Who is Grupo IFA? Grupo IFA is the leading retail group by surface area in the Spanish and Portuguese markets and comprises 34 affiliate members and 137 affiliated companies. In...
30 June 2022
In March 2021, Carrefour Brazil reached an agreement to acquire Grupo BIG from Advent International and Walmart, subject to approval from Brazil’s antitrust watchdog CADE (The Administrative Council for Economic Defense). This was approved on 25 May 2022, subject to Carrefour disposing of 14 stores in anti-competitive locations. Earlier this month (7 June) the acquisition was finalised. It...
30 June 2022
Couche-Tard reported total revenues increased by 37.3%, an additional US$17.0 bn, to US$62.8 bn, in its 2022 financial year. The company reported broad based growth across geographies, store-based sales, and for fuel, which was driven by rising prices, rather than increases in volume. Key numbers from the full year results… Total revenue up 37.3% to US$62.8 bn Merchandise and service ...
30 June 2022
Morrisons has reported sharply lower sales for Q2 which it has attributed to ongoing inflationary pressure and the downturn in consumer sentiment. -6.4% LFL decline Group like-for-like sales fell by 6.4% in the 13 weeks to May 1 st (ex VAT and fuel). Supermarket sales improved towards the end of the period, boosted by Mother’s Day and Easter though remained negative against pandemic elevat...
29 June 2022
B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...
28 June 2022
I made a quick stop at the Co-op store while at Glastonbury Festival to see how it has adapted its offer to attendees’ specific needs. The retailer has a long-standing presence at festivals since opening its first in 2018 as part of a partnership with event organiser Live Nation , with subsequent versions, including the one I visited, taking learnings from previous versions. Strong adaptati...
28 June 2022
Walgreens Boots Alliance (WBA) will retain ownership of its Boots and No 7 Beauty company. The decision was announced after no potential buyers could make an offer that ‘adequately reflected’ the valuation of the business. Challenging times has led to WBA’s decision to keep Boots UK The group concluded, after a thorough review that began in January 2022, to retain Boots and No 7 Beauty...