Retail and consumer goods industry news

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...
14 November 2022
As part of an effort to create a ‘positive difference in how customers experience Reduced to Clear’ Tesco has launched a rebrand for its RTC bays in chilled and ambient. The new point of sale plays up the two key benefits of participating in RTC – lower prices and minimizing food waste – with new messaging that comprises ‘Reduced in price. Just as nice. Save money and help reduce food waste.’ ...
14 November 2022
Asda has updated investors on its Q3 trading performance, noting its investments to drive value during the quarter resulted in a 4.7% increase in like-for-like sales, when compared to the same period last year. Total revenues, excluding fuel, amounted to £5.2 bn. Asda's cost-of-living-focused initiatives Asda’s endeavours to address the cost-of-living crisis included rolling out 141 new eco...
14 November 2022
Portugal-based Sonae MC announced its total turnover for Q3 2022 reached €1,599m, an increase of 16% compared to the same period in 2021. The group’s like-for-like (LFL) sales grew by 13.3%. Sales performance Sonae MC revealed its strong investment to its prices underpinned its strong growth for Q3 2022, as well as adjusting to shopper demands to provide a range of affordable and high-quali...
11 November 2022
Coop Sweden plans to expand its existing terminal for frozen goods in Enköping, to ensure that the capacity for frozen goods is in line with estimated customer growth. Source: Coop Sweden Coop’s central warehouse for frozen goods has been in Enkoping since 2011 and currently employs around 120 people. Örjan Grandin, CEO of Coop Logistik and deputy CEO of Cop Sweden, said “Coop's goods...
11 November 2022
B&M reported positive performance in the first half of its financial year 2023. Its positive results were driven by shoppers trading down because of the cost-of-living crisis. As it enters the second half of its financial year, B&M said it had seen strong sales in the first six weeks of the golden quarter. B&M Group: Q2 drives positive performance B&M’s group revenues increased by 1.8% t...