Retail and consumer goods industry news

Danish retailer Salling Group has responded to the economic pressures facing shoppers by opening its first store under its new discount format, BASALT, in Kastrup, Copenhagen. The retail group had spent a few intensive weeks coming up with the concept and turned around the launch of its new chain in a relatively short space of time. A focus on everyday essentials The BASALT store, on Amager...

Retail sales for the quarter were AUD2,490m (US$1,565.8m), down 6.2% on Q1 F22, predictably due to the cycling through of lockdown peaks. Consistent strong sales over longer term Endeavour Group operates Australia’s largest alcohol retail network, across Dan Murphy’s and BWS. Compared to pre-COVID 19, the sales are 13.9% higher compared to Q1 F20, representing a three-year CAGR of 4.4%. The...

More than 13m Woolworths shoppers in Australia have a free Everyday Rewards card. The new programme charges a subscription fee for more benefits. Everyday Extra Rewards for extra savings Everyday Rewards members earn one point per AUD1 (US$0.62) spent at Woolworths and BIG W. They get a AUD10 (US$6.28) discount on a future shop for every 2,000 points earned. To become an Everyday Extra memb...

In its latest accounts filed with Companies House Booths, the north-west regional supermarket operator, has reported sales of £296.7m, up 4.4%, for the period to 2 April 2022. The performance was boosted by a 53rd week, which when stripped out of its results saw Booths report growth of 2%. Year impacted by changing Covid-driven operating conditions… Booths said its ‘ trading patterns were m...

Lidl Belgium recorded a record loss in its 2021 financial year, as Lidl continues to invest in its network and supply chain to drive future growth and cost savings. Record losses in Belgium Lidl Belgium recorded a 2.2% fall in turnover to €2.59 bn and an operating loss of €47.1m in the 2021 financial year, according to RetailDetail reports. The results will be a concern in a Belgian mark...

Loblaw is freezing the prices of more than 1,500 products which form its ‘no name’, entry-level private label range until the end of January 2023. Canada’s second-largest food brand The retailer is launching this initiative to support Canadians facing the highest food inflation in decades. This is one of the retailer’s most successful private label ranges, typically offering savings of 25% ...

Asda has announced the opening dates for its first two standalone convenience stores under its new Asda Express banner. These are the first specifically Asda-developed standalone c-stores and will be operated as part of the Asda main estate, not as part of the Euro Garages forecourt business which has developed the Asda On the Go format. The first sites are: Sutton Coldfield and Tottenham Hale...

Singapore supermarket chain FairPrice has launched its “Greater Value Every Day” campaign. It is aiming to provide value pricing schemes to allay shoppers' concerns in the face of the rising cost of living.   Greater Value Every Day campaign The initiative includes four main discount and value offerings: 1. Affordable pricing and price freezes on essentials As part of “Everyday Low Pr...

Sephora Singapore launched its first “Store of the Future” at its Raffles City outlet, Singapore, in September 2022. We recently visited the store to observe how the latest concept combines technology, personalised services and classes to win shoppers. Source: IGD Research Excitement even before entering the store Source: IGD Research Source: IGD Research Before ente...

Kroger’s merger with Albertsons, if approved by the FTC (Federal Trade Commission), will create a retailer with sales of around $200 bn, operating 5,000 stores (excluding divestments). With very few truly national grocery retailers in the US, we consider what this deal could mean for some of its biggest suppliers. Solidifies position among America’s leading retailers As the two largest superm...