Retail and consumer goods industry news

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...
19 March 2021
Following its global partnership with Too Good to Go , SPAR International has announced a further partnership with Gander. SPAR said it initially collaborated with Gander in Northern Ireland, but was now aiming to expand it to a global agreement. Partnership’s expansion to help SPAR limit food waste SPAR said Gander will offer it a ‘ real-time, automated mobile platform that helps food ...
19 March 2021
Ocado's retail revenue grew by 40% to £599m in Q1, for the 13 weeks to 28 February 2021. The retailer has also launched a refresh of its private label range with a focus on reducing plastic and non-essential packaging components. Strong order size In Q1, retail sales grew faster in comparison to the previous quarter (+35%) driven by an increase in average order size to £147. This was due...
19 March 2021
Jiffy, an ultra-rapid online supermarket, launches in the UK offering groceries and household essentials in 15-minutes. 15-minute delivery Jiffy offers fresh groceries and household essentials in 15-minutes. It operates from a number of local fulfilment centres, or dark stores. To aid its launch, Jiffy has raised undisclosed amounts in an initial seed-funding round led by venture capital fu...
18 March 2021
COVID-19 has been a major catalyst for Singapore’s grocery market growth in 2020. As many Singaporeans worked from home and cooked more, the market grew four times faster than a typical year.  Since December 2020, more Singaporeans are allowed to work in offices. Demand for groceries is forecast to come off its peak and taper back to more normal levels over the next year. It is expected to hav...
17 March 2021
Metcash held an investor meeting on 16 March, announcing a trading update, as well as its ambitions for growth post COVID-19. We highlight what we believe to be the top five significant priorities for Metcash over the coming years. 1. Retain customers gained due to the pandemic Metcash has undoubtedly benefitted from changing shopping habits because of the pandemic. Its network of over 5,00...
17 March 2021
Salling Group’s discount banner Netto has completed its acquisition of Tesco Poland , following approval from local competition authorities. The move will see Salling Group acquire 300 stores and two distribution centres. For Tesco, the exit from Poland reduces its central European business to the three much smaller markets of Hungary, Czech Republic and Slovakia. Netto’s biggest inves...
17 March 2021
Autonomous stores are a growing trend we are seeing globally. Since the start of the pandemic, customers have preferred to shop in stores closer to their home. The compact size of autonomous stores enables businesses to open units that are closer, making them a convenient and safer option. Here we explore three autonomous store concepts we have seen in the region.  Oxxo Smart, Mexico ...