Retail and consumer goods industry news

21 September 2022
Leading UK convenience retailer Co-op has announced that Matt Hood (previously Commercial Director) has been promoted to Managing Director of its Food Retail operation while Peter Batt becomes Managing Director of its Nisa wholesale subsidiary. Jo Whitfield and Michael Fletcher stepping down Matt Hood replaces Jo Whitfield, having deputized for her as the head of the Co-op retail business w...
21 September 2022
IGD has released its latest data on the UK convenience channel. It shows the performance of the sector as the country exits its two-year pandemic episode, while facing into the developing cost-of-living crisis. Market data for the first half of 2022, split by segment and category, shows the extent to which the channel has been permanently reshaped by Covid-19, while our forecast to 2027 gives ...
21 September 2022
Coles is selling its 710 Coles Express sites to petrol and diesel supplier Viva Energy for AUD300m (US$201m). What does this mean for Coles? The deal will allow Coles to focus on its core supermarket and liquor business. Site branding will happen over the next three and a half years, with the majority updated within the next two. Although the sites will be rebranded, Coles’ shoppers will co...
20 September 2022
We review Sobeys’ first quarter performance and the outlook for the year ahead as it continues to advance its ecommerce, value and loyalty initiatives. Q1 key numbers Total sales increased 4.1% to $7,938m Same-store sales, ex-fuel, increased 0.4% Excluding fuel, gross margin increased 63 basis points Net earnings flat (-$1.0m) Final year of Project Horizon The retailer s...
20 September 2022
FairPrice has opened two Finest stores two weeks apart: one a Flagship store on a busy shopping strip and another at a local neighbourhood. We visited the second store that opened last week to understand how the retailer flexes its offerings to meet the needs of a more residential target. This two-storey store in Ang Mo Kio Ave 6 covers 23,000 sq. ft., including a 40-pax seating capacity cafe o...
16 September 2022
Following a successful pilot, Walmart Canada is planning a nationwide roll out of its AI (Artificial Intelligence) solution for on-shelf availability. Technology will reduce out-of-stocks The technology was developed by Focal Systems, a San Francisco based company that specialises in retail automation. It uses a network of shelf-edge cameras to automatically detect availability issues (e.g....
16 September 2022
Vietnamese retailer Masan has launched WINLife ecosystem, a relatively new retail format in Vietnam. Its 27 new WIN stores offer a one-stop shopping destination for the purchase of various daily essentials, including grocery products and services. Source: Masan Group One-stop store format for convenience Masan positions WINLife as a “ one-stop shop ecosystem that provides consumer...
16 September 2022
As Tesco and The Entertainer partner for toy concessions and Morrisons sets out its ambitions for the Morrisons Daily banner, we round up developments in the market. Tesco and The Entertainer partner for toy concessions A little time after Asda opened its Big Toy Shop , following the ending of its trial with The Entertainer, the latter has signed a partnership with Tesco to trial the add...
15 September 2022
Zabka has just unveiled its new Eko Smart format of stores, showcasing plenty of innovation by the Polish convenience retailer. Further innovation amongst its rapid expansion Zabka has launched the first of its Eko Smart stores in Poznan, with plans for three further stores. The new format combines ecology and technology and is part of the Zabka Group's ongoing responsibility strategy. E...
15 September 2022
Waitrose has said its total trading sales were down 5% in total and like-for-like terms during the 26 weeks to 30 July. In the six months Waitrose generated sales of £3.6 bn, with it benefiting from more shoppers, but with them spending less. Shopper numbers up, but smaller basket sizes Waitrose highlighted how inflation had affected consumer spending, with customer numbers up by 6% year-on...