Retail and consumer goods industry news

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...
04 December 2019
As South Africa-based Pick n Pay rolls out packaging-free zones, Botswana-based Choppies sells its operations in South Africa and Kenya’s Quickmart increases the pace of its expansion, we round up news from the region. Pick n Pay trials packaging-free zone Pick n Pay has added a packaging-free zone at its Constantia store in Cape Town. The zone comes after the retailer trialled ‘nude wall...
04 December 2019
Vingroup, which operates VinMart supermarkets and VinMart+ convenience stores, will merge its retail and agriculture arms with Masan Consumer Holdings, a food and beverage manufacturer. Masan will operate the new company Vingroup wants to focus its resources on high-tech ventures like VinFast, which manufactures automobiles and VinSmart, which develops consumer technology. It will swap all ...