Retail and consumer goods industry news

16 December 2019
Albertsons has formed a strategic partnership with Takeoff Technology for the deployment of automated micro-fulfillment centres (MFCs) to support its grocery ecommerce business. Dedicated teams to focus on MFC evolution This partnership comes as the second of two pilot micro-fulfillment sites between the companies is set to become operational. The companies announced last year that they wou...
13 December 2019
Costco’ new financial year saw a continuation of the strong results of the last year. We review its performance and how new ecommerce initiatives and its launch in China have contributed to its growth. Comparable club sales up 5.0% Costco’s Q1 net sales increased 5.6% to $36.2bn, with comparable club sales up 5.0%. Canada led the way with comparable club sales up 5.1%. Comparable ecommerce ...
13 December 2019
With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...
13 December 2019
South Korean retail giant Emart is slimming down operations by closing unprofitable stores, including 18 Boots branches. A response to weak earnings The company logged KRW161bn in operating profit during the first three quarters, down by 60% from previous year. Whilst its hypermarkets and supermarkets are showing signs of recovery with improved same-store sales growth, specialty stores post...
13 December 2019
Trade publication LSA has reported on how Casino and its pure online subsidiary, Cdiscount, have collaborated to create la Nouvelle Cave, a specialist store for wine, beer and spirits. It sets out how the two parties have combined to bring together elements of store based and digital retailing in one place. Offering something new for the specialist channel The 125 sq. m store, which opened ...
13 December 2019
Nisa, the wholesaling division of Co-op, servicing independent convenience retailers, has revealed that its pace of recruitment has stepped up 40% in 2019.  This has added more than 500 stores to the Nisa customer network, pushing the total number of stores serviced over 4,500. Roll-out of Co-op private label 'a major game changer' A key improvement, making the Nisa offer more compelling fo...
13 December 2019
At ICA’s Capital Markets Day, the retailer presented prioritised step-changes, which the Board of Directors will adopt for the next three years. The step-changes will replace ICA’s previous strategic priorities. Outlining the step-changes The following step-changes apply to all or large parts of the business: Common sourcing within ICA Gruppen Creating business value through AI and...
13 December 2019
We review Sobeys’ second quarter performance as it enters the final phase of its turnaround plan, Project Sunrise. More promotional marketplace Second quarter sales increased 3.6% to $6.4bn, with same-store sales up 2.0%. Sales growth was broad-based across its formats, with customer count and basket size up. The retailer also saw strong growth in operating income, up 65.2% to $286.4m, supp...
13 December 2019
7-Eleven India plans to set up 1,000 stores in Mumbai for the next few years. Launch in March The retailer will be working with a Japanese logistics company, Nippon Express, to develop a network for distributing food and groceries. The first outlets will open in March and the retailer believes it will be two to three years before it considers expanding outside of Mumbai. Local food devel...
12 December 2019
Tesco has partnered with WWF to develop the Sustainable Basket Metric; new data to help consumers and stakeholders understand the environmental impact of food.   How the Sustainable Basket Metric works What’s included? A sample of 20 of the most regularly purchased food products, including household staples such as bread, milk, meat, fish, and fruit and vegetables. In addition, a wide ran...