Retail and consumer goods industry news

23 August 2022
DFI will kick start a commitment to provide a million meals to the less fortunate in Singapore across two years. “Have you eaten” initiative The group will contribute a percentage of its revenue from the sale of its Meadows brand of rice from any Giant, Cold Storage or CS Fresh stores towards the programme. The goal is to provide one million meals in food donated, supported by its ongoing s...
22 August 2022
Walmart is acquiring Delivery Drivers Inc., a key partner in its Spark driver delivery platform. Simplifying the driver experience Delivery Drivers Inc. is a specialist in last-mile contractor management, helping individual operators complete deliveries. This is an integral element of Walmart’s Spark delivery platform which powers its own deliveries and those of other businesses through its...
22 August 2022
Amazon has halted the roll-out of its Amazon Fresh stores in the UK, as reported by The Sunday Times. Lower than expected sales Amazon has reportedly paused the expansion of the Fresh stores due to sales being lower than anticipated and the weaking economic environment. Amazon opened its first Fresh convenience store in March 2021 in Ealing. It has since opened 18 more stores. 18 of thes...
19 August 2022
While the UK is not in recession yet, and the Bank of England and OBR forecasting slow or no growth, rather than a contraction, many indicators are suggesting that the country may be heading into one. With companies considering what might be the same or different to the last one in 2008 / 09 we have considered this in our presentation on the topic using data from economic, retail, and shopper...
19 August 2022
As The Co-op extends its partnerships with Spring and Deliveroo, we round up developments from the retailer. Co-op and Spring collaborate for tech recycling The Co-op has expanded its partnership with Spring, as the companies look to help shoppers recycle old phones and other technology goods as they look to cut down on waste. The Co-op and Spring have been working together since October 20...
19 August 2022
While the landscape of labour shortages and rising costs varies across the region, convenience retailers are experimenting with a range of new solutions to tackle their resource challenges. Robots employed to restock at FamilyMart FamilyMart has partnered with start-up Telexistence to introduce stock-checking robots to 300 stores in Japan. The Japan Times reports that each robot can repla...
19 August 2022
Reports suggest the German discounter has seen a fall in non-grocery sales across all markets, an indication of current shopper spending priorities. Lidl non-grocery sales fall across all markets Lebensmittel Zeitung reports that Lidl has seen sales for non-grocery items fall below 10% of total sales in almost all markets. The non-grocery category is one of the most profitable for Lidl and ...
18 August 2022
In June, Target updated its guidance for its Q2 results, expecting its operating margin to be in the range of around 2%. Actual results came in lower than this, highlighting the challenge it has faced on inventory. We take a look at how the retailer performed across the quarter. Second quarter key numbers Total revenue increased 3.5% to $26.0 bn Comparable sales increased 2.6%, wi...
17 August 2022
As Metcash looks to invest in prices to remain competitive and launches SupaValu from IGA in Melbourne, Amazon offers free one-day delivery for Prime members, amongst other developments, we round up news from the market. Metcash aiming to remain price competitive… Metcash-owned IGA and Foodland stores, according to reports from The Australian, are aiming to remain price competitive by focus...
17 August 2022
As Tesco, with dunnhumby and other third-party companies, launches new digital solutions, we look at what they are and what they mean for the retailer. Tesco creates ‘UK’s largest retail-based digital display advertising network’ Tesco, in conjunction with dunnhumby and JCDecaux, has created what it claims is the UK’s largest retail-based digital display advertising network. Tesco’s SmartSc...