Retail and consumer goods industry news

A round-up of recent announcements on pricing by UK retailers. Tesco turns its focus to baby products Tesco has announced a further round of price cuts across 50 products. A quarter of the reductions will take place on products found in the baby aisle, with Tesco highlighting Pampers nappies reduced by 16% as well as Johnson’s baby shampoo and Florence and Fred cotton buds also seeing pr...

We highlight seven takeaways from our recent trip to the Polish capital. Auchan takes on Zabka with its first autonomous store Auchan has teamed up with Israel based tech company Trigo to produce the retailer’s first autonomous store, Auchan Go. The store combines camera technology and scales integrated into the shelving to monitor items selected by shoppers, after they have authorised a...

Walgreens Boots Alliance’s CEO, Roz Brewer, has steeped down from her position, with Ginger Graham, the current lead independent director appointed as interim CEO. Ms. Brewer has agreed to continue advising the company as it searches for a permanent CEO. Strong retail leader Roz Brewer’s departure was unexpected. She joined the company in 2021 having held senior leadership roles at Walmart ...

If you have not heard about Temu before, you probably would start noticing more and more of its ads on your social media after reading about it. 1. What is Temu? Temu, launched in September 2022, is a cross-border ecommerce platform owned by PDD Holdings (formerly known as Pinduoduo) in China. It has been one of the recently most downloaded apps in the UK and US with 50 million downloads in m...

Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Don’t miss our latest insights Navigating global private label growth: trends in 2023 and beyond: we answer five key questions to help you understand the private label market today and how it will evolve in future. Leading global online retailers in 2027: understand how th...

Woolworths Holdings reported a strong set of results for FY23, which ended on 25 June 2023. Turnover for the group rose 6.9% YoY to ZAR93.0 bn (US$5.0 bn). Particularly in the food sector, revenue rose 8.5% annually, with growth accelerating in H2 motivated by more shoppers and improved on-shelf availability. Increased sales and surge in gross profit YoY Woolworths Food revenue reached ZAR4...

Asda opened a first of its kind Food Hub at Fosse Park in Leicester on 16 August. Offering its traditional 3-for-2 meal deal option, the new Food Hub has introduced hot meal deals including sandwiches and hot drinks for breakfast, lunch and dinner. Located in the Asda Superstore at Fosse Park retail, the new Food Hub is featured at the entrance of the store creating easy access for shoppe...

Grocery technology company Instacart has announced its plans to go public. The business has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock. It plans to trade its shares on the Nasdaq Global Select Market, under the ticker symbol “CART”. One of the first of its kind to go public Instacart compet...

Co-op has a long heritage of sustainability and ethical credentials through the recognition of their commitment to Fair Trade and environmental improvement and reducing environmental impact, delivering that for the shopper and to the benefit of the planet. Showcasing the Co-op Sustainability strategy at the Co-op Trade Briefing from IGD on 14 September, Guy Stuart, Director of Technical, Agric...

CU opened a mobile convenience store on 28 and 29 of August at the site of the first broadcast of ‘NPOP’, targeting Gen Alpha, who are most indulged in pop culture at the moment and the future major shoppers of convenience stores. Increasing spotlight with the influence of K-pop ‘NPOP’ is a new monthly K-pop music programme that only invites a dozen of famous K-pop idols each time, and fans...