Retail and consumer goods industry news

18 November 2022
Tesco has launched a trial partnership with French frozen food chain Picard. This has seen the introduction of Picard-branded bays in the frozen section of select Tesco stores, with the signage stating ‘bonjour to food lovers’ and ‘bonjour to evenings with a French touch.’ The new range in Tesco consists of around 20 SKUs. A fuller Picard range has been available via Ocado for several yea...
18 November 2022
We review Loblaw’s Q3 performance as shoppers continue to adjust their behaviours in an inflationary environment. Q3 key numbers Total revenue increased 8.3% to $17,388m Retail segment sales increased 8.2% to $17,130m, with food up 7.4% and drug up 10.3% Food retail same-stores sales increased 6.9%, with drug retail same-store sales up 7.7% Ecommerce sales increased 3.0% Adju...
17 November 2022
British food delivery service Deliveroo has closed its Australian business, due to challenging economic conditions. The company announced the closure on Wednesday 16 November and said the decision was effective immediately, with the company website and app disconnected immediately. Source: Deliveroo Is the quick commerce model starting to show signs of strain? Chief operating of...
17 November 2022
The sixth larger grocery retailer in the UK has reported a 1.5% YoY increase in turnover in the 2021/22 financial year. Positive sales growth expected to continue Lidl GB achieved a turnover of £7.8 bn in the financial year ending 28 th February 2022, a 1.5% increase on the previous year. The efficient retailer also saw profits before tax significantly increase, achieving £41.1m compared t...
17 November 2022
From January 2023 Waitrose will range a selection of Planet Organic own brand products across 50 of its stores and on Waitrose.com. The range of health and wellness products will be carefully curated by Planet Organic, to meet the needs of Waitrose customers. Importance of ethics and quality Waitrose and Planet Organic share similar values, with both retailers focused on sustainability, eth...
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...