Retail and consumer goods industry news

22 November 2021
JD.com reported net revenues of CNY218.7 bn (US$33.9 bn) for the quarter ended 30 September, 2021, an increase of 25.5% year-on-year (YoY). Performance surpassing market expectations Highlights of 2021Q3 KPIs (key performance indicators) are: Net revenues: CNY218.7 bn (US$33.9 bn), +25.5%YoY, beating analysts’ average estimate of US$33.54 bn, according to financial data aggregator...
22 November 2021
Major national UK convenience retailer One Stop has reported strong growth in newly filed 2020/21 accounts. Pandemic boosts growth Despite availability challenges at the start of the pandemic, like-for-like sales jumped 15.5% in the year to February 2021 as the Tesco subsidiary gained from the trend towards local shopping during the pandemic. Total revenues however only advanced by 4.1% d...
22 November 2021
Canada’s Metro Inc. delivered a solid performance for fiscal 2021. As lockdowns and restrictions continue to ease it is seeing a switch to pre-pandemic trends. However, one are that is seeing stickiness is ecommerce. We look at some of the initiatives it has underway in the channel. Metro fourth quarter and full year key numbers Q4 sales fell 1.2% to $4.1bn Food same-store sales fell ...
22 November 2021
Italian retailers continue to expand their presence in the market. Codè Crai Ovest is investing to expand its network by 30 stores in early 2022, while ESD Italia is planning to invest €600m to grow its network and Gruppo VéGé has expanded its network by the return of the Coal group to its alliance. Finally, Glovo has partnered with SPAR Italia’s regional operator Maiora to offer shoppers a quick...
22 November 2021
Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...
22 November 2021
Tops Market, Tops Superstore and Central Food Hall stores are now equipped with Temjai, an AI service robot, a first of its kind in Thailand supermarkets. Safe and fun shopping experience Using artificial intelligence (AI), the robot serves as an assistant to store staff to offer a new level of service. Stephane Coum, CEO of Central Food Retail Company Limited under Central Retail, said, “...
22 November 2021
Foodpanda is the largest food and grocery delivery platform in Asia, excluding China. We ask Foodpanda 10 questions about its operations, its latest priorities and how suppliers can work with them. Subscribers can get more details about other online delivery aggregators in Asia from our  report.   Where does Foodpanda operate? Foodpanda operates in more than 400 cities across 1...
19 November 2021
Early in 2021, Brazilian retailer GPA (part of the French retail Group, Casino) span off its successful cash and carry format, creating two separate retail businesses (GPA and Assaí). On October 14 (2021), it announced it was divesting its Extra hypermarket business, selling off 71 stores to Assaí, converting 28 to its supermarket banners (Pão de Açúcar and Mercado Extra) and closing the r...
19 November 2021
Mondelez has been in China over 35 years. Joost Vlaanderen, president of Mondelez Greater China, talks about his observations and how the company taps into fast-changing consumer trends in the country. Developing single-serve packs for health-conscious consumers “ Chinese consumers are amongst the fastest changing consumers in the world ,” said Mr Joost Vlaanderen. There are more health-...
18 November 2021
As trading patterns readjust to the easing of lockdown restrictions in Canada, we look at what this means for Loblaw’s range of formats. Loblaw’s Q3 key numbers Total revenue increased 2.4% to $16.1m, with retail segment sales up 2.4% to $15.8m Food retail same-stores sales increased by 0.2% Drug retail (Shoppers Drug Mart) same-store sales increased by 4.4%, with pharmacy same-sto...