Retail and consumer goods industry news

30 November 2021
Asda has reported a slight decline in Q3 sales and provided new details about its preparations for Christmas. LFLs down by 0.7% but food outperforms Like-for-like sales excluding fuel in the three months to September 30 th were 0.7% lower than a year earlier, impacted by a tough comparative period when social distancing restrictions resulted in more meals being consumed at home. Over a two-y...
30 November 2021
Coles has announced two major changes to its executive leadership team that will take effect over the coming months. New Chief Executive for Commercial & Express Leah Weckerts will take up the position of Chief Executive, Commercial & Express from Greg Davis in April 2022. Weckerts has been the CFO at Coles since March 2018, but having joined the business in 2011 has had numerous roles acro...
30 November 2021
Major UK convenience retailer McColl’s Retail Group has announced that its ongoing programme of converting stores into the Morrisons Daily format, franchised from national supermarket operator Morrisons, will be extended even further than hitherto planned. Having already set a target for 350 Morrisons Daily stores, McColl’s now intends to add a further 100 to that number, aiming to reach 450 stor...
29 November 2021
Sainsbury’s has opened its first checkout free store using Amazon’s Just Walk Out technology, following testing by the retailer’s employees. Located opposite its Holborn HQ, the introduction of “SmartShop Pick & Go” is the latest in a string of digital initiatives from the UK’s second largest grocer. These include the development of SmartShop, personalised My Nectar Prices and the expansion of Ch...
29 November 2021
JD.com’s grocery chain, SEVEN FRESH, has opened three stores in November, all in Greater Bay area. Expanding presence in Greater Bay area On 26 November, JD.com opened the fifth SEVEN FRESH store in Shenzhen, with an area of 2,000 sq m. The retailer also opened another two in the same month, expanding the banner’s presence in the Guangdong–Hong Kong–Macau Greater Bay area. The new store ...
29 November 2021
All 167 Cheers and FairPrice Xpress stores to charge for plastic bags from 1 January 2022. Extension of plastic bag charging at supermarkets FairPrice took the lead to be the first retailer to charge for plastic bags at selected supermarkets. In two years, the initiative has saved more than 30 million plastic bags, with seven out of 10 customers willing to bring their own bags, said NTUC Fa...
28 November 2021
Data from Adobe Analytics reveals that online sales on Black Friday fell marginally this year to $8.9bn, compared to $9bn in 2020. We look at what’s behind this dip. Strong performance compared to 2019 This year’s sales performance has to be put into context. Last year’s sales was a record high for Black Friday, increasing 21.6% compared to 2019, when sales hit $7.4bn. This was driven by re...
27 November 2021
JD.com and MUJI have formed a partnership to offer transformative offline shopping experience in Shanghai. " Meal Solution " themed supermarket Covering a total area of 4,130 sqm, the store has strengthened MUJI's daily necessities and food products, introducing new products such as frozen foods, noodles, and oatmeal. In collaboration with SEVEN FRESH (JD.com’s grocery chain), the store ...
26 November 2021
CVS Health plans to close 900 stores in the next three years as it looks to boost its online business and transform its stores into healthcare destinations. Plans to close nearly 10% of its store network In response to ‘ changes in population, consumer buying patterns and future health needs’ , CVS Health has reviewed its store model to ensure it has the right type of stores, in the righ...
26 November 2021
US-based Dollar Tree is raising its opening price point from $1.00 to $1.25. We look at why the retailer is making this move, and why now. Last store standing Dollar Tree has stood alone in the US dollar store channel for several years with its $1.00 price point. Its core competitors, Dollar General, Family Dollar (which it acquired in 2015) and 99 Cents Only have long operated with higher ...