Retail and consumer goods industry news

Asda has unveiled plans for a new commercial operating structure at its home office in Leeds. The new commercial structure will be comprised of eight integrated business units aligned to specific categories and is being implemented with immediate effect. Each unit will be led by a Business Unit Director with full responsibility for sales & profitability in their area. Dedicated teams within...

Morrisons has released its Q3 trading results for the 13 weeks ending 30 th July 2023 and appointed a new Chief Executive Officer Q3 results reveal continued like-for-like growth In its latest trading update, Morrisons revealed a fifth consecutive quarter of like-for-like sales improvement. Group like-for-like sales increased 2.9% (exc. fuel, exc. VAT), whilst total sales stood at £3.8 b...

Foodpanda, owned by Delivery Hero, is in negotiations to sell its food delivery business in selected Southeast Asia markets (including Singapore, Malaysia, the Philippines, Thailand, Cambodia, Myanmart and Laos). Grab, a ride-hailing, taxi, food delivery and grocery app in Southeast Asia, is a potential buyer according to a report by a German media company. We explore three reasons why Foodpanda ...

Canada’s second largest grocer, Sobeys, has launched a new brand platform which aims to position the retailer as the go-to destination for the unpredictable moments in life. Fun and relatable The ‘So be it’ campaign is a play on the company’s brand name, which is also applied to many of its supermarkets. It has been developed as a platform for all the brand’s communications, with a focus on...

Central Food Wholesale, part of Central Retail Corporation, is opening its first Go Wholesale store in October. This is happening as Lotus’s announced a new mall concept, locating Makro wholesale stores within Lotus's malls. First Go Wholesale store to open on 27 Oct Central Retail Corporation is investing THB20bn (US$550m) to expand Go Wholesale stores over the next five years. The first s...

Keep up to date with the latest movements in Spain. In a price sensitive market retailers continue to invest in price and promotions strategies, while Carrefour makes strategic moves to boost its presence in the market as well as Mercadona boosting its online channel. 1. Carrefour Spain acquires 47 SuperCor stores Carrefour Spain has reached an agreement with El Corte Ingles to acquire 47 S...

With the recent announcement of a new partnership between Deliveroo and Gopuff, I explore the growing relationships of aggregators and pure plays, and what the benefits are for everyone involved. Aggregators vs Pure plays: what is the difference? Aggregators are third party websites offering on-demand fulfilment. They differ from marketplaces as pricing and branding can be determined by the...

Waitrose will relocate some of its stores as part of a planned revamp of its store estate. Stores to become more accessible and appealing Speaking to The Telegraph, Waitrose Executive Director James Bailey said that some stores were “terribly organised” and the overhaul would make stores “more accessible and more appealing” . Bailey added in the future Waitrose stores would be located ...

At the recent Groceryshop event in Las Vegas, amid discussions on cutting-edge tech like AI, retail media, and unified commerce, the spotlight was also on the important theme of alternative revenue models. Let's delve deeper into this transformation. Broadening revenue horizons When we discuss alternative revenue models, we're essentially exploring new revenue sources that retailers are bei...

The Korean wave is unstoppable and continues to sweep across the globe, with Homeplus private labels (PB) landing on store shelves in Mongolian discounters since 4 September. Homeplus chose to partner with Circle Group, a local Mongolian chain store discount retailer, to sell over 200 PB products at 14 locations under the two banners -- Orgil and Tout’en, in Ulaanbaatar. With pricing and conve...