Retail and consumer goods industry news

08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...
08 January 2021
Latest IGD research conducted 6-7 January has shown that 45% of shoppers claimed to have stockpiled or bought extra recently due to COVID-19. This has declined from 53% in research conducted 18-20 December. Stockpiling is highest among 18-34s (50%), ABs (56%) and those living in London (61%). In comparison, claimed stockpiling due to the UK leaving the EU is lower and stable at 21% (24% in ...
08 January 2021
We review major events that took place in China's grocery retail industry in the past year. 1. Flourishing of community stores Community store is the next big thing in China. It is estimated that 30% - 40% of the urban consumption expenditure is within 1 km of the community in China. It is an area that big format stores and online players find very hard to reach. The pandemic has acce...
08 January 2021
Ocado’s online petfood business, Fetch, has been acquired by direct-to-consumer pet supplies company Paws Holdings.   Launched in 2014 Ocado launched Fetch as a standalone online pet store in 2014 offering products for cats and dogs, (which make up 90% of its sales), as well as other animals. Paws Holdings, which operates Pet-Supermarket.co.uk in the UK and Medicanimal.com in Europe, has...
08 January 2021
All Guardian Co, a joint venture between Dairy Farm and All Corporation in Thailand, will launch the first Guardian health and beauty store in 2021. Guardian store launch delayed All Guardian is a joint venture between All Corporation Co, a wholly owned subsidiary of CP All, and GCH Investments Pte under Dairy Farm International Holding Group. All Corporation Co and GCH Investments Pte hold...
08 January 2021
COVID-19 may have dampened the mood this year, but major retailers in the Philippines launched programs to keep the joyful vibe over the Christmas season. SM Retail launched a Christmas Flash Mob and Tiktok dance challenge Despite longer operating hours to manage the influx of shoppers, the largest retailer SM Markets continued to provide shoppers with entertainment while implementing safe ...
08 January 2021
The Delhi high court recently upheld the proposed merger of Future Retail Limited (FRL) with Reliance Retail Ventures Limited (RNRL), following a challenge by Amazon.  It has also allowed Amazon to continue opposing the merger in appropriate legal forums. Delhi high court clears Future-Reliance deal According to the Delhi high court, the transaction between Future and Reliance did not viola...
07 January 2021
Walgreens Boots Alliance (WBA) announced first quarter results saying total sales rose by 5.7%, 5.2% on a constant currency basis, to US$36.3 bn. It said its growth had been driven by the performance of its Retail Pharmacy USA and Pharmaceutical Wholesale divisions. Discussing the results, WBA’s chairman and chief executive, Stefano Pessina, said: “ Our first quarter results exceeded expectations...
07 January 2021
Albertsons’ Jewel-Osco division is testing an automated pickup kiosk for online grocery orders in the Chicago market. Partnership with Cleveron The retailer has partnered with Estonia-based Cleveron to pilot the automated and contactless grocery pickup kiosk. Located at a Jewel-Osco store in Chicago, customers can select the “Kiosk PickUp” option when placing their order. Cleveron is one of...
07 January 2021
2021 marks the 180th anniversary of A.S. Watson Group. The retailer generates a revenue of over US$22 bn, from its 16,000+ stores in 33 markets. The group’s ecommerce business increased by 90% in the first half of 2020, and we expect it will continue to strengthen its online and offline platforms. A.S. Watson held a virtual cocktail event to kick-off its anniversary celebrations ...