Retail and consumer goods industry news

08 April 2021
The Co-op has announced its full year results for the 51 weeks to 2 January 2021, along with an announcement on its decision to repay relief it received through the UK government’s furlough scheme. Highlights Group revenue £11.5bn (2019: £10.9bn), +5.5% vs 2019 £84m of additional Covid costs during the year (£82m supported by Government economic measures), below the £97m forecast in J...
08 April 2021
Masan Group renames VinMart, one year after acquiring the multi-format chain of grocery stores from Vingroup. Restructuring will take place before rebranding Vietnam's conglomerate Vingroup sold its retail subsidiary VinCommerce, which operates VinMart, VinMart+ and agriculture arm VinEco to Masan Group in a merger deal in December 2019. The CrownX, the retail subsidiary of Masan Group, is ...
08 April 2021
As Carrefour, Casino and Aldi Nord all announce new agreements or expansions of existing ones with different delivery partners in the region, we round up the developments from the retailers. Carrefour launches express delivery in France with Deliveroo Carrefour and Deliveroo have expanded their on-demand grocery delivery partnership to France. According to Carrefour, the less than 30-minute...
08 April 2021
Asia-based ecommerce platform Shopee intends to premiumise its beauty offerings, by increasing its focus on K-beauty brands.  Sales of Korean beauty continues to grow in Southeast Asia and Taiwan Korean beauty products remain as one of the top-selling products of Shopee.  The retailer has seen more shoppers searching and buying K-beauty brands on its platform, due to the popularity of K-pop c...
08 April 2021
Against a backdrop of rising cases in Canada, including of more transmissible variants, the Ontario provincial government has enacted a further stay-at-home order, effective April 8. This will last for at least four weeks, incorporating the country’s largest city, Toronto. Capacity limits for food retail and big box stores Under this order, most non-essential retailers (including malls) are...
07 April 2021
Walmart has appointed Jean Batthany as senior vice president, chief creative officer, further bolstering its US marketing team. Building a new marketing organisation This appointment follows on from the recruitment earlier this year of Courtney Carlson as senior vice president of marketing, joining the retailer from Under Arrmour where she held the role of head of marketing. Batthany joins ...
07 April 2021
2020 marked the end of the three year strategic plan, Restock Kroger. It enabled Kroger to reduce operating costs and strengthen its competitive moats including digital, shopper data, fresh and affordable food.  The retailer has now outlined how it plans to win by leading with fresh and accelerating with digital as part of its new future-focused strategy. Leading with fresh One of Kroger’s ...
07 April 2021
At the end of March 2021, Carrefour Brazil opened its first two fully autonomous stores. The stores use scan & go technology, which Carrefour is using in 40 Express stores, however these are its first unstaffed stores. "We already have 40 stores with the scan & go system. Our innovation area is conducting robust work to create an ecosystem that connects all of our businesses in one applicatio...
07 April 2021
In our Easter retail execution report we looked at the key themes and featured exciting in-store theatre from around the globe this year. Below are five highlights we took away from the event. 1. Implementing learnings from Christmas 2020 Just like Christmas, Easter is one of the major seasonal events for FMCG. This Easter we saw retailers and brands using learnings from Christmas 2020 to...
07 April 2021
DIA said as part of its 2020 FY results its consolidated sales increased by 0.2% to €6,882m, compared to 2019. DIA continues to make improvements DIA’s sales increased 0.2%, despite a decrease in its store network by 6.9%, across Spain, Portugal, Brazil, and Argentina. The group achieved the sales increase despite the headwinds of tourism levels in Spain and Portugal being low due to COVID-...