Retail and consumer goods industry news

18 June 2020
Leading food-to-go specialist Greggs has opened 800 of its stores on 18 June for takeaway only, as the first major tranche in its programme to reactivate its total portfolio of over 2,000 stores by early July.  Having been wholly suspended since 24 March the business is offering an edited range from the reopened stores, including a breadth of options for both its key breakfast and lunchtime daypa...
18 June 2020
Figures reported by McDonald’s on performance-to-date in its current quarter indicate that the network’s global sales fell by 30% over the two-month period of April and May.  However, with its lowest ebb in April, when sales were down 39%, May saw a relative recovery to -21%, as demand began to return through progressively reopening restaurants in the course of the month. Continuing drive thru...
18 June 2020
The retailer plans to open 100 restaurants at its existing stores by end of 2020. Different operating model to Freshippo and 7FRESH The first outlet of Carrefour restaurant, under the brand name Mr Fu, has opened at its Gubei branch in Shanghai on 16 June. “Mr Fu” is a key strategic project of Carrefour, launched to tap into the trend of “grocery shopping + on-site dining”. Different to ...
18 June 2020
Belgium-based Colruyt Group has reported its 2019 results with total revenue increasing by 1.6% to over €9.5 bn (US $10.6 bn). The group noted that on a comparable basis, revenue rose by 1.7% including petrol and 1.4% excluding petrol, while gross margin rose by 0.5% to 26.8%. Retail revenue: +1.5% to €7.97bn (US $8.85bn) In the Retail segment, Colruyt Group said revenue increased by 1.5% t...
18 June 2020
Tesco announced the sale of 301 of its stores in Poland to Salling Group’s discount banner Netto. This includes the sales of two distribution centres, and it headquarters in Krakow, all valued at PLN900m (€181m). The transaction needs to be approved by the Polish Office of Competition and Consumer Protection, which will be finalised by Q4 2020. Tesco Poland sale is not unexpected news Tesco...
18 June 2020
The Giant Company has partnered with Flashfood, as it looks to reduce food waste at four supermarkets in Pennsylvania. Meanwhile, Apeel Sciences has revealed it raised US$250m to continue supporting supplies during the COVID-19 pandemic. Separately, the Schwarz Group has signed the United Nation Global Compact to focus on sustainability initiatives. The Giant Company partners with Flashfood to...
18 June 2020
Rossmann revealed its new flagship drugstore in one of the largest shopping centres in Europe in Poland, Lódz. The ‘space’ store The drugstore chain highlighted the opening of its new store as ‘its step into the future’. The modern format is designed to create a futuristic feel, where the latest technologies and brands that are in line with the latest global trends are offered to encourage ...
18 June 2020
Leading UK coffee shop operator, Costa has announced it is stepping up the re-opening of its sites and will have over 1,100 operating on a takeaway and/or delivery basis by the end of this month.  The business has been progressively opening sites over the last six to eight weeks, but this has stepped up significantly over the last week with over 100 stores being added each day.  With 164 re-opene...
17 June 2020
Lawson has partnered Muji in Japan, according to Nikkei Asian Review. In the Philippines, Lawson has partnered Grab to offer on-demand grocery delivery. Sales and brand development The partnership will see Muji products sold at Lawson stores in Japan. This will be introduced to a small number of stores to test demand. Should it be rolled out to Lawson’s wider network, Muji items could be ma...
17 June 2020
South Africa-based, Walmart-owned Massmart has released a trading update for the 23-week period ending 7 June. In it the retailer underlined the challenging market conditions it has operated in and which continue to affect its performance. Total sales fall by 10.3% Massmart reported total sales of ZAR34.8 bn (US$2.0 bn). During the 23-week period total sales fell by 10.3%, while comparable ...