Retail and consumer goods industry news

25 June 2020
Following an agreement to sell Real earlier this year, the wholesaler has completed the sale to the SCP Group. The sale allows Metro Group to focus on its wholesale business. Deal signed The deal was agreed earlier in 2020, however it was awaiting approval from the supervisory and antitrust authorities which has now occured. The inflow of funds will be €300m. The SCP Group will take full...
25 June 2020
John Lewis appoints former Co-op deputy chief executive Pippa Wicks. Executive director restructure complete Wicks' appointment to the senior leadership of the John Lewis Partnership fills the seventh role in the new structure, reporting into Chairman Sharon White. At the end of April, James Bailey took on the equivalent position for Waitrose .   Commenting on the appointment, White hi...
25 June 2020
As part of its annual general meeting, Spain-based retailer alliance Grupo IFA has reported its 2019 results with a total consolidated turnover of €26.4 bn (US$29.6 bn) across all its operations in Spain, Portugal, and Italy. In the largest market, Spain, revenue rose 4.9% to €13.5 bn (US$15.1 bn). IFA said its member’s market share in the supermarket channel increased a percentage point betwe...
25 June 2020
DIA Group revealed it lost €142.6m in Q1 2020, while Capbro announced its positive FY 2019 results and outlines its franchise model. Separately, Carrefour is planning to reinforce its support for local suppliers, while Gadisa has modified its proximity strategy in Galicia and Castilla y León. DIA’s challenging Q1 2020 The DIA Group has announced a loss of €142.6m in Q1 2020, an improvement ...
24 June 2020
Amazon has announced it is launching The Climate Pledge Fund to support the development of sustainable technologies and services. The retailer has also launched an accelerator programme in the UK for small businesses and startups. Climate Pledge Fund Amazon’s $2bn Climate Pledge Fund will be used to invest in companies that are building products, services, and technologies to decarbonise th...
24 June 2020
COVID-19 has caused a monumental shift in consumers’ food and drink habits. Our new Eating In Vs Dining Out report, produced in collaboration with foodservice consultant Peter Backman, explores the impact of COVID-19 on the UK food and drink market and outlines four scenarios for the future. During the pandemic, the boundaries between eating at home and out-of-home, already blurred, have bro...
24 June 2020
NTUC FairPrice will continue to provide 100 private label products at discounted prices as part of its SGD50m (US$36m) package to alleviate living costs due to the COVID-19 pandemic. Six months extension from previous price freeze The price freeze was first launched in March 2019 and supposed to end on 30 June this year, however the retailer will extend it until 31 December. The products in...
23 June 2020
New store openings have been relatively rare this year as retailers have focused on responding to the COVID-19 pandemic and paused new space plans. However, 2020 got off to a strong start, including a notable new opening from Amazon. We look at some of the key stores which opened each month this year in the US and what learnings can be taken as retailers adapt to the current trading environment. ...
23 June 2020
Publix has expanded its GreenWise store concept, opening its first store in Georgia and two additional outlets in Florida. This takes the chain to nine locations. Specialty retail format GreenWise Market is a specialty, natural and organic concept which offers a wide range of prepared foods made from organic and antibiotic-free ingredients. The concept is marginally smaller than a conventio...
23 June 2020
With Albertsons preparing to go public, we look at the recent effects of COVID-19 and how these have impacted the business. The timing is right Albertsons has been preparing to go public for some time and filed its plans for IPO with federal regulators back in March. It has now launched these plans and will sell 65.8 million shares on the New York Stock Exchange, although the exact date for...