Retail and consumer goods industry news

03 November 2022
Woolworths Group Q1 F23 sales is up 1.2% to AUD16,583m (US$10,549m) but food businesses sales are below the prior year. Australian Food sales declined despite higher prices Australian Food is down 0.5% to AUD12,204m (US$7,763m) while like-for-like sales declined by 1.1%. Average prices increased 7.3% compared to Q1 F22. There is a double-digit inflation in fruit and vegetables driven by inc...
02 November 2022
Walmart plans to open 16 new health centres in Florida next year. We look at how the concept is evolving and what it means for Walmart’s business model. Almost 50 facilities operational by end of 2023 The new Walmart Health facilities will open next to existing Supercenters in Jacksonville, Orlando and Tampa. The retailer first launched the concept in 2019, offering primary and urgent care,...
02 November 2022
On 31 October 2022, CR NG Fung, one of Hong Kong’s biggest food distributors and producers, formed a strategic alliance with JD.com. The alliance will lead to CR NG Fung opening its first online flagship store on JD.com’s platform to promote its food grocery products. Expanding sales networks Having opened its official online store on JD.com’s platform, CR NG Fung can easily promote its p...
02 November 2022
Northern Ireland SPAR distributor, Hendersons has re-opened its extensively remodeled SPAR store at Mallusk in Country Antrim including the first ever drive-thru execution of its proprietary hot coffee brand Barista Bar. Located in a largely commercial zone, the new Mallusk store has a significant demand for food and drinks-to-go to meet the daily needs of the local working population and drive-t...
02 November 2022
Major London-based cash & carry wholesaler, Dhamecha is to acquire two depots from midlands operator Hyperama in Nottingham and West Bromwich. This purchase will take Dhamecha’s total estate to 12 depots, increasing its presence in the midlands to four sites, with its existing locations in Leicester and Birmingham. New sites to sustain Dhamecha’s strong record of growth Against a background...
02 November 2022
Christmas is rapidly approaching and businesses in the eating out sector are already trying to get customers in the Christmas spirit by showcasing their festive menus and encouraging early bookings. Despite Covid restrictions being less of a concern this year, there is still high uncertainty caused by the cost of living crisis, with the industry already being impacted by lower consumer spend...
02 November 2022
Q3 2022 saw many significant events from the sad passing of Queen Elizabeth II to a new prime minister and the announcement of the ‘mini budget’. With an uncertain winter ahead, shoppers are more focused than ever on saving money . Rising food inflation has left shoppers’ budgets squeezed, which has led to low shopper confidence as they navigate the rising cost of living. Every quarter on...
02 November 2022
Apart from giving a price discount on products during the festival , which runs between 31 October to 11 November 2022, Alibaba has increased its support to help partners grow their businesses, and help it differentiate it from rivals. Growing customer loyalty for brands One of Alibaba's key objectives is to help brands grow customer loyalty on its platform. This initiative can help bran...
02 November 2022
Tesco has officially opened another cashierless store in London. The Tesco Express store in Chiswell Street is fitted out with Trigo’s cashierless technology, which is a combination of check-in gates, ceiling cameras and shelf scales to enable shoppers to purchase goods without needing to pay at a cash register. What makes this store even more interesting is that it offers shoppers the abil...
02 November 2022
Aldi has announced big changes to its online service in the USA, as it begins to test its own online platform. From Instacart to Spryker Aldi started working with the on-demand delivery company, Instacart, in 2016. It currently offers curbside pickup at around 700 of its over 2,000 stores, with the Instacart team handling the ordering process and fulfilment. This gives Aldi the best of b...