Retail and consumer goods industry news

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...
21 February 2021
We look at how suppliers are evolving their approach and increasing their investments in a different set of capabilities as they look to build on the momentum of 2020. Competing against tough comparables from 2020 Over 20 global CPG companies participated in the annual CAGNY (Consumer Analyst Group of New York) event this year, sharing updates to their commercial frameworks, investmen...
19 February 2021
Picnic, a Dutch pure play online retailer is set to launch in France, according to reports by Lebensmittel Zeitung.  Launching in Lille According to the reports, Picnic will enter France through the launch of its services in Lille. It has already created a French subsidiary, under the name Picnic SAS. The reports also mention Picnic is currently recruiting French-speaking employees for its ...
19 February 2021
In an update for analysts, Walmart has outlined its capital expenditure plans for the year ahead and the continued transformation of its business. Uniquely Walmart Walmart’s president and CEO, Doug McMillon, struck an upbeat tone in outlining his vision for the company. Building on the momentum of 2020 , the retailer plans to accelerate its strategy to deliver long term growth. It’s ai...
19 February 2021
Proprietary online ordering platform, Snappy Shopper is now being operated by 650 convenience stores across the UK, and is being used by over 100,000 shoppers.  The app, which provides a ready-made shopper ordering and payment solution, allows independent retailers to quickly launch an online offer, enabling them to target opportunities in the current high and sustained demand for local home shop...
19 February 2021
Amazon has launched its Fresh grocery delivery service in Spain, offering same-day delivery to Prime members. Available in Madrid Amazon has initially launched the service in Madrid with plans to roll it out to Barcelona in the coming months, and eventually other cities in Spain. Amazon Fresh is already available for customers in the US, Japan, the UK, Germany, India, and the most recent la...
19 February 2021
Chilean retail group Falabella aims to open 11 new supermarkets in 2021. This will consist of four Tottus stores in Chile and seven supermarkets in Peru, across its Tottus and Hiperbodega banners. The business will also invest US$243m in optimising its store network, which spans across supermarkets, shopping centres, and home improvement stores. Heavy investment in 2021 Falabella’s CEO G...
19 February 2021
Coles has launched a new online subscription service called Coles Plus that offers benefits across the Group's businesses for $19.99 a month. New sub links benefits across the Group's businesses The new service was revealed at the retailer's H1 results this week and replaces its Delivery Plus service that it launched in November 2019 . Unlike the old service, the new sub offers one price p...