Retail and consumer goods industry news

13 December 2022
Short-form user-generated video is the content of the moment. Retailers and social platforms are investing to be in this space. Amazon is the latest to make a move, taking on TikTok with its new Inspire programme. What does this mean for the retailer and can it work for grocery? Personalised content feed Amazon Inspire is a new in-app shopping feed that provides uses with customised shoppab...
12 December 2022
Norwegian retailer, Reitan Retail, is buying the majority of Aldi Nord’s stores in Denmark, as the discounter exits the market. Subject to approval by the Danish competition authorities, Reitan will purchase 114 stores and three distribution centers from Aldi, for an undisclosed amount. The agreement excludes Aldi’s head office and remaining stores in Denmark. As part of the deal, around 1,200...
11 December 2022
Getir has acquired Gorillas in a $1.2 bn deal, continuing the trend of consolidation among both major and smaller operators in the quick commerce segment. Lower valuation Turkey-based Getir has acquired its Germany-based competitor, Gorillas, bringing together two of the largest European quick commerce firms. This represents a significant fall from the $2.1 bn valuation of Gorillas as part ...
09 December 2022
In its Q1 results, Costco has reported total revenue growth of 8.1%, despite tough comparatives. Here we explore the factors underpinning this performance and its plans for 2023.    First quarter key numbers: Q1 total revenue up 8.1% to $53.4 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 7.1%, including up 6.5% in the US, 8.3% in Canada and 9.1% in other intern...
09 December 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 27th November 2022 total till roll consumer spend in Great Britain rose by 5.9%, up from 5.2% in the previous reporting period. Inflation falls slightly Grocery price inflation over the 12-week period stood at 14.6%, a 0.1% decrease from the previous month and the first decr...
09 December 2022
We recently visited Lisbon to explore what the city has to offer and understand how retailers are evolving to help build shopper confidence, as inflation and the cost-of-living continues uncertainty. In this article, we highlight three must visit stores and explain why you need to see them. 1. Continente Labs, R. Dona Filipa de Vilhena 2, 1000-135 Lisboa Sonae MC launched its first check...
08 December 2022
Speaking at the Morgan Stanley Global Consumer and Retail Conference, Walmart’s president and CEO, Doug McMillon, outlined why he remains confident on the retailer’s ability to continue delivering profit growth, and why it could be even stronger going forward. 1. Productivity enhancements driven by a greater role for automation Walmart views a key role for automated storage and retrieval sy...
08 December 2022
This week I visited the city of Düsseldorf, in the west of Germany. Here are the five things I loved during my visits to stores around the city. 1. Wowed by Edeka Zurheide Feine Kost Grocery retail doesn’t have to be boring, and it certainly isn’t at Zurheide Feine Kost run Edeka stores. The independent owner has six stores in the region, with the two I visited in Düsseldorf the real highli...
08 December 2022
Following German retailer Globus announcing double digit sales growth in 2021/22, we visited one of its hypermarkets on a recent trip to Düsseldorf. Double digit sales growth Globus reported a 13.6% increase in its sales in the full year 2021/22, achieving a turnover of €8.8 billion. Its hypermarkets generated sales of €6.8 billion in 2021/22, a 14.9% YoY growth. Its network expanded by ...
08 December 2022
We round up some of the retailer’s efforts in sustainability we have seen in our store visits around Asia in the last few months. 1. Lotus’s Malaysia adds food aid bins in stores Lotus’s encourages shoppers to join in their food surplus programme. It provides meals to children who have limited access to safe and nutritious food. 2. EV powered tuk tuk to Tops food hall in Thailand ...