Retail and consumer goods industry news

05 December 2019
Asda has opened its first bulk-buy trial outlet adjacent to its Patchway, Bristol superstore.  Using the The Deal Depot banner, this new format represents a distinct concept from the core Asda operation, with separate branding and differentiated ranging.  We popped in on its first day of trading to get a feel for this new value proposition and to grab a couple of bargains! Source: IGD Resea...
05 December 2019
Sainsbury's has confirmed that Rhian Bartlett has now returned to the business as Director of Fresh Food. She will report to Commercial Director, Paul Mills-Hicks and replaces Adrian Cook who left the business at the end of July. A return to Sainsbury's Bartlett is an experienced retailer with over 20 years in the industry and re-joins Sainsbury’s from Screwfix, where she worked for two yea...
05 December 2019
This week we have seen Irish retailer Musgrave acquire Drinks Inc and wholesaler BWG Group acquire Heaney Meats. We look at these deals in more detail. 1. Musgrave: expanding its portfolio to strengthen offer Musgrave has acquired the brand and assets of Northern Ireland drinks distributor Drinks Inc. This is part of the retailer's Growing Good Business strategy to ensure sustainable growth...
05 December 2019
Lidl Ireland has launched its 'Waste Not, Want Not' initiative in Ireland in a bid to combat food waste, according to Shelflife Ireland. What? A range of chilled food will have prices reduced by up to 90% on the day they reach their best before date, with prices as low as €0.90. The range will include fresh meat, poultry, fish, salads, cooked meats, milk and yoghurts. They are products that...
05 December 2019
Cencosud has reported supermarket revenue of CLP1,670.3 tr (US$2.1 bn) in Q3. In local currency this represents a 0.6% increase. The slight growth was driven by revenues in Argentina, Chile and Colombia, but partially offset by Brazil and Peru. In constant currency, revenues increased by 6.9%. This reflects the depreciation of the Argentine peso and Colombian peso against the Chilean peso. Pl...
05 December 2019
Big C, operated by Berli Jucker, has set aside THB6.5bn (US$214m) to expand in Thailand and overseas. Confidence in domestic market The retailer will invest THB5.5bn (US$181.3m) in Thailand to open five to seven new Big C hypermarkets and 300 to 400 mini Big C stores in 2020. Another THB500m (US$16.5m) will be spent on IT facilities. It will also be studying the feasibility of opening “town...
05 December 2019
As the UAE implements new taxes, Majid Al Futtaim commits to further expansion and Al Meera looks to spotlight its locally sourced ranges, we round up news from the region. UAE expands tax coverage on certain products The UAE has implemented tax changes on certain products as it looks to improve the nation’s health. The country said it had implemented a 50% tax on non-fizzy drinks that have...
05 December 2019
German hypermarket retailer Globus is planning to expand further across Russia. Steady expansion Since entering Russia 13 years ago, Globus has expanded its footprint and now operates 15 stores in the greater Moscow area. The German retailer has enjoyed success in the market with sales growing 6.4% in 2018/19 in local currency, to a turnover of RUB 107bn. Its stores are currently all locate...
04 December 2019
Last year, Costco Japan announced plans to launch an online store . We are now beginning to see the wholesaler make progress. Costco online shopping coming soon In preparation of launching its online shopping platform, Costco Japan has revamped its corporate website . The wholesaler has introduced a new AI ChatBot system and is advising shoppers to prepare by registering online to creat...
04 December 2019
The grocer is reshaping its senior team, promoting Michael Gleeson to CFO as Trevor Strain steps up to the position of COO. Promoting from within a strong leadership team Trevor Strain joined Morrisons in 2009 and was promoted to the board as chief finance officer in 2013. Last autumn he assumed the additional responsibilities of group commercial director. He now takes on a new role as CO...