Retail and consumer goods industry news

02 November 2022
Jerónimo Martins has announced its Q3 2022 results, revealing a strong sales performance across all countries where it operates, Colombia, Poland, and Portugal. The groups consolidated sales for nine months (9M) increased by 21% to €18,392m compared to the same period in 2021. Overall sales performance Jerónimo Martins’ Q3 consolidated sales increased by 22.7% to €6.5 bn compared to Q3 2021...
02 November 2022
Woolworths is launching a series of price promotions for the festive season. Different mechanisms for saving money Woolworths is helping Australians save money through different discount programmes this Christmas: Prices frozen for Christmast essentials: Woolworths half leg ham, WA rock lobster, cooked Australian tiger prawns, Woolworths 500 grams pavlova base, Maggie Beer gravy, and ...
01 November 2022
Having gained approval for its acquisition of the McColl’s convenience business in October, Morrisons has now identified 132 loss-making sites from the 1,164 strong store estate which it intends to close to ensure the viability of the operation. This will be in addition to the 28 McColl’s that Morrisons has agreed to sell to address the competition concerns raised by the Competition and Market...
01 November 2022
B&M has partnered with Klarna to provide its shoppers with the option to buy now and pay later. Responding to the cost-of-living crisis Through the partnership, B&M shoppers will be able to complete a purchase at the checkout using the Klarna app. This will enable shoppers to spread the total payment across three interest-free instalments. B&M joins other retailers, such as Wilko and ...
31 October 2022
Flipkart, the Indian online retailer backed by Walmart, is looking for further investment to expand its operation in the country. Up to $3 billion needed to compete Reports suggest Flipkart is looking to raise between $2 billion to $3 billion to expand its product range and compete with market leaders. Its non-grocery offer makes it the second largest online retailer in India after Amazon, ...
31 October 2022
When discussing innovations with your team, do you find yourselves veering off in different creative directions? The retail landscape can be a crowded maze, with so many fascinating in-store executions by leading retailers, you might easily get carried away in ideas that lead you in the wrong direction. An IGD Retail Safari creates a unique opportunity for your team to see and experience the b...
31 October 2022
Morrisons has introduced a new mechanic, similar to Tesco, in which selected discounts are only available to loyalty cardholders. The new push has seen POS introduced across the store, stating that certain discounts – My Morrisons Exclusives – are only available to loyalty card members, exhorting shoppers to ‘Scan and Save.’ The offers are so far extremely limited, just one on Ben & Jerry...
31 October 2022
Auchan Portugal has unveiled its new loyalty scheme: Clube Auchan. The scheme offers a tiered loyalty hierarchy, with shoppers able to progress from ‘Fan’ to ‘Super Fan’ and ‘Hyper Fan’, with each tier offering improved benefits. The scheme provides exclusive promotions for members, such as daily deals, weekly discounts, coupons and vouchers and discounts on private label items. The private la...
31 October 2022
Coles has sent a note to suppliers that it is considering price hikes only when well-justified. Balancing shoppers needs against competitive environment Coles will consider price increases that is based on raw materials or packaging increases for example. Price hikes are considered on a case-by-case basis. However, it will not be entertaining unjustified price increases. The letter to su...
31 October 2022
Lotus's has announced a sustainability policy called "Vision 2030. Actions every day". Part of its priorities as New SMART Retail leader Sustainability planning is in all dimensions of retail business as a leader of New SMART Retail, focusing on driving sustainable daily operations covering environmental, social and Corporate Governance (ESG) towards the United Nations Sustainable Developme...