Retail and consumer goods industry news

22 March 2021
As Albert Heijn and Selecta open their first unstaffed concept in offices in the Netherlands and announce plans to extend the service into Belgium, both Albert Heijn and Delhaize set out sustainable initiatives. Albert Heijn and Selecta to take unstaffed store to Belgium After the two companies announced plans for opening unstaffed stores in the Netherlands , Albert Heijn and Selecta hav...
22 March 2021
With click and collect now a bigger part of the total market, I’ve published a series of new reports for our IGD Retail Analysis subscribers: Click and collect: the short-term solution, the long-term play Click and collect: retailer best practice Click and collect: how suppliers can win now, and in the future Here’s some of the learnings: The short-term solution ...
22 March 2021
We review Couche-Tard’s third quarter performance and growth strategies. Key numbers Total revenue down 20.8% to $13.2bn YoY Merchandise and service revenues up 5.6% to $4.5bn YoY Road transportation fuel revenues down 29.7% to $8.5bn YoY Other revenue down 40.9% to $148m Same-store merchandise sales up 4.7% in Canada, 2.9% in the US and 2.8% in Europe and other re...
22 March 2021
2021 has seen a rush of news flow about the financing, launch and expansion of specialist on-demand rapid delivery startups in the UK, operating from dark stores. Fancy, Jiffy, Weezy, Dija, Genie, Getir and Gorillas are all now operating, or on the verge of operating, in one or more UK towns or cities; offering ultra-quick delivery on grocery and convenience essentials from hyperlocal dedicate...
22 March 2021
Central Retail Vietnam, which operates Big C, has launched Tops Market in Ho Chi Minh City.   Big C renamed in Vietnam Three Big C supermarkets in Ho Chi Minh City (Big C An Phu, Big C Thao Dien and Big C Au Co) were officially rebranded to Tops Market in March. Four other Big C supermarkets in Hanoi will be renamed in the third quarter of this year. In addition, five Big C hypermarkets loc...
19 March 2021
South Korean retail giant Shinsegae Group and technology behemoth Naver (Korea’s Google) are combining forces to gain a competitive edge in the fast changing ecommerce field. Signed a stock swap deal worth KRW250bn (US$221m) The two companies signed a strategic partnership agreement and a stock swap deal worth KRW250bn (US$221m) this week. “ We plan to establish a strong cooperation netw...
19 March 2021
Roger Burnley has decided to step down as CEO of Asda next year once the business has transitioned to new ownership and a long-term successor is in place. Though not an unexpected development, the departure of Asda’s highly respected chief executive adds to uncertainty surrounding the business. In this article I look at the challenges facing Asda as its priorities shift under the Issa brothers’ o...
19 March 2021
Coles has released a new climate change position statement, a refreshed sustainability strategy and launched its newest next generation sustainable supermarket at Moonee Ponds, Melbourne. Accelerating its efforts against climate change The new statement showcases Coles' commitment and governance as a leading Australian business to tackle climate change. Alongside this its refresh sustainabi...
19 March 2021
eBay is to sell its business in South Korea. Big name players in retail are all in for a deal valued at KRW5 tn (US$4.42 bn). Four-way race for the acquisition Lotte Group, Emart Inc. (owned by Shinsegae), SK Telecom Co. and private equity firm MBK Partners have been chosen as the preliminary bidders to buy a controlling stake of eBay Korea. Kakao has decided to opt out of the bidding. ...
19 March 2021
Metcash and Ritchies Supermarkets has launched the second SUPA VALU store in Australia in Ballina, New South Wales. New larger format set to impress The new store is a conversion of an existing SUPA IGA and is the second SUPA VALU store to open in Australia, following the Doonside store opening in western Sydney last year. At 3,000 sq m the store is larger than the first one, but has a very...