Retail and consumer goods industry news

17 November 2022
With the discount channel’s appeal growing thanks to value focussed shoppers, variety discounter Action has been expanding its network and gaining sales. Cost-of-living crisis enhances sales performance Action, the Dutch based discounter with stores in 10 countries across Europe, has reported a 27% sales increase in the first nine months of 2022. It generated €6.1 billion of turnover in the...
17 November 2022
Last month , we asked shoppers what they had planned for Halloween this year. 63% of shoppers claimed they wouldn’t be doing anything to celebrate, up from 55% in 2021. Globally, Halloween was expected to return to its pre-pandemic levels , but how did this translate in the UK? For those that did celebrate, we examined how, as well as the impact of both HFSS, and the cost-of-living crisis. H...
17 November 2022
K Group’s Food Phenomena 2023 trend study* reveals four everyday food trends for 2023: Smart solutions focusing on budget-friendly dishes Importance of healthy eating In difficult times, indulgences and treats improve your mood    Desire for speedier grocery shopping experience 1. Smart solutions focusing on budget-friendly dishes The current financial situation is influenc...
17 November 2022
Target’s third quarter results highlight the financial pressures US consumers are under and the trade-offs many are making to manage their household budgets. Against a backdrop of slowing sales growth and declining profitability, we look at the actions the retailer’s taking heading into the holiday period and beyond. Q3 key numbers Total revenue increased 3.4% to $26.5 bn Comparable s...
16 November 2022
Sobeys’ Farm Boy banner opened its latest store with the conversion of a former Sobeys Urban Fresh location in downtown Toronto. We showcase some of the key features of this new store. Acquired to spearhead Sobeys’ push in urban locations Sobeys acquired Farm Boy at the end of 2018, in a deal designed to help the retailer drive its penetration in urban locations. At the point of acquisition...
15 November 2022
Walmart delivered a strong Q3 sales performance, setting it up for the holiday trading period. We look at the factors driving its results and expectations going forward. Walmart's Q3 key numbers Walmart's total revenue in Q3 increased by 8.7% to $152.8 bn, representing an additional $12.3 bn year-on-year Sales in its US stores increased by 8.5%, with Sam’s Club up 12.8% US ecommerc...
15 November 2022
The festival’s sales growth this year was estimated to be lower than previous years. Alibaba reported its gross merchandise value (GMV) was same as last year’s, While JD.com only mentioned that its GMV hit a record. However, sales from up-and-coming products and specific customers showed strong growth. Stable sales performance Despite the on-going effects of COVID in China, the key play...
15 November 2022
I recently visited the Netherlands to see how retail is evolving and understand the latest trends within the market. Here I pull out what I learnt and why I believe the Dutch market stands out… My key learnings from our visits in the Netherlands: Digital is evolving in-store. Retailers are using screens to promote their own ranges as well as selling this advertising space to suppliers ...
15 November 2022
Lotus’s has opened a new hypermarket as part of a community mall in North Ratchapruek. It is a new concept that brings people together with lots of open spaces. New hypermarket with more imports The 4,500 sq. m store cater to the needs of affluent shoppers in the area. The store will carry imported beef and lamb from Australia, US, Japan as well as salmon and trout from Norway. Home electro...
14 November 2022
Morrisons has opened up its Safeway private label range to the independent retail sector, around 30 items now available through wholesaler Eden Farm. The assortment includes eggs, dairy, deli, cheese, meat, pizza and desserts. The wholesaler has noted that “New to Eden Farm, Safeway brings a range of fresh products renowned for quality. With our expertise in shopkeeping we have created a range of...