Retail and consumer goods industry news

03 July 2020
The COVID-19 pandemic has been global, affecting all countries. However, its impact has been very different from one country to another, leading governments, manufacturers, and retailers to take a tailored and local approach. As we start to move into the post-COVID-19 world, it will be key for businesses to consider and understand these differences and local responses. International pandemic, ...
03 July 2020
The US social media giant hopes to increase its market share in a competitive market dominated by local players. Rolling out online store, Facebook Shops Facebook has rolled out its latest innovation, Facebook Shops, in South Korea. Sellers can create their own collection and customize the look and feel of the shop with images and colours that showcase their brand. Shoppers can browse ...
03 July 2020
Jonathan Wang, the head of JD.com’s 7FRESH, shared his view at the "2020 China Community Business Annual Meeting" organized by the China Chain Store and Franchise Association (CCFA) last week. The main points are summarized here in this article. Driven by urbanisation From the perspective of China’s social structure, community stores are typically defined as those within the life circle o...
03 July 2020
Penny, Rewe’s discount banner, has rolled out its Scan and Go app at 100 stores on 29 June. This is part of the retailer’s recent strategy to enhance its model and enable a more frictionless, in-store customer journey. Improving shopping experience and stores’ efficiency The new solution aims at easing and accelerating the payment process, usually a point of friction at discounters. Penny i...
02 July 2020
One of the key trends of the COVID-19 pandemic has been the surge in sales for large CPG suppliers, with a significant presence in core, centre-store categories. Conagra Brands has identified 12 consumer behaviours centred on re-discovery and discovery that are fuelling the growth of its brands. Growth across the portfolio Conagra Brands delivered strong growth in Q4, with organic sales up ...
02 July 2020
Like many markets around the world, Japan has seen a surge in demand for online grocery following the outbreak of COVID-19. Online grocery adoption increasing COVID-19 has changed some long-established shopping habits, e.g. daily shopping trips. At the start of the pandemic, fear of product shortages and empty shelves in-store may have encouraged shoppers to explore alternative shopping cha...
02 July 2020
We round up the latest COVID-19 related news from Japan as retailers respond to changes in consumer trends and government policies. 1 July - plastic bag charge now mandatory On 1 July, the government made plastic bag fees mandatory across the country. Matsumoto KiYoshi and some other businesses such as Aeon had already been charging fees for plastic bags  since April . 25 May state of ...
02 July 2020
We look at three new initiatives from Walmart, arising out of the COVID-19 pandemic, and consider what they mean for its longer-term strategy. 1. New cashier-free model Updating on an initiative which launched last month, Walmart has shared more details on its cashier-free test in Fayetteville, USA . The retailer has adopted a unique layout in the checkout area, removing the traditiona...
02 July 2020
Amazon announced it plans to open an Amazon Robotics fulfilment centre (FC) in Western Sydney to expand operations in the country. State-of-the-art facility The new 200,000 sq. m. facility will open in late 2021 and aims to deliver a faster, more consistent experience for customers across Australia. The FC will use robots to speed order processing time by moving shelves to employees, theref...
02 July 2020
Variety discount retailer B&M’s Q1 results (29 th March 2020 to 27 th June 2020) show continued strong growth in the first quarter of the financial year and particularly its UK banner. Its value-led model and convenient out of town locations continue to prove to be attractive to customers. Revenue growth across all banners expect Babou Group revenue +27.7% to £1,154.8m (2019: £904.6m) ...