Retail and consumer goods industry news

29 March 2021
2020 has been a challenging year for Dollar Tree as it posted net sales growth of “only” 8% compared to 21% for direct competitor Dollar General. The group’s other banner Family Dollar was the main contributor to growth thanks to its larger assortment of grocery products, more relevant during the COVID-19 pandemic. Building on the success of Family Dollar and the evolution of shoppers’ needs, ...
29 March 2021
Mexican startup Jüsto was founded in 2019 and is one of Mexico’s first vertically integrated, online grocery platforms. Since its inception the business has raised around US$100m in investments. Its founder and CEO Ricardo Weber previously commented that Jüsto would disrupt the grocery industry in Latin America. Seven months on from our coverage of this , we caught up with Manolo Fernandez ...
26 March 2021
Trade publication Lebensmittel Zeitung has reported that Edeka is to leave the AgeCore buying alliance. The step follows its establishment of the Everest alliance with Netherlands-based, pureplay retailer Picnic. Short term uncertainty likely to be resolved in 2021 Although Edeka’s departure has not been completed, as talks are on-going about the sale of its shares, if it is confirmed i...
26 March 2021
As the Colruyt Group launches Deals! and rolls out several sustainability-focused solutions we round up news from the retailer. Colruyt Group launches new online promotions platform The Colruyt Group has launched Deals!, a dedicated site that will focus on providing ‘ strong volume promotions on a changing selection of A-brand products ’. The company said the site and promotions will be in ...
25 March 2021
As General Mills reports a strong third quarter, with net sales up 8% to $4.5bn and operating profit up 27% to $827m, we look at how it plans to introduce a two-year growth metric to benchmark its performance as it annualises pandemic-driven growth. Better visibility into the underlying momentum of the business Looking ahead to Q4, General Mills will be competing against pandemic-driven gro...
25 March 2021
Despite the COVID-19 pandemic, we have seen a high level of format innovation in the UK this quarter. In this article we highlight five key stores that have opened and the trends driving store innovation. 1. Sainsbury’s new flagship store In February, Sainsbury’s relaunched its Hempstead Valley supermarket after eight months of redevelopment work to create a next generation state-of-the-art...
25 March 2021
Although performance at urban convenience stores has been challenged amidst COVID-19 in many Western European markets; Reitan Convenience has invested in four new concept stores as it seeks to be fit for the future in partnership with design agency Reactor AB. These new store concepts elevate the customer experience across its formats to a whole new level, while PBX could set the benchmark...
25 March 2021
As part of its Capital Markets Day event in March 2021, Lenta announced it is to expand its small format network and online presence as it aims to double its revenue, to more than RUB1 tr (US$13.2 bn) by 2025. The aim is to capture a higher share of consumer spend through new channels that target a wider range of shopper missions, while still enabling it to focus on its core hypermarket business....
24 March 2021
The number of health and beauty (H&B) stores in South Korea dips for the first time as more consumers turned to online shopping. 31 stores closed in 2020 Olive Young, lalavla and LOHB’s are the country’s three major H&B retailers.  As of December 2020, they have a combined 1,484 stores, down by 31 from one year earlier. This is in contract to a steady store expansion in previous years: 1,...
24 March 2021
In June 2018, private equity firm Advent International acquired an 81% stake in Walmart’s Brazil business for US$4.5 bn, with Walmart retaining a 19% stake. The retailer was renamed Grupo BIG. Carrefour Brazil has now reached an agreement to acquire Grupo BIG from Advent International and Walmart. The proposed acquisition would cement Carrefour’s leadership position in the market. The trans...