Retail and consumer goods industry news

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...
28 October 2022
Israeli-based Trigo, which has developed technology to power autonomous, or checkout-free stores, has raised $100m in new funding to drive expansion in Europe and the Americas. We look at what this means for the broader sector. Taking the technology to larger stores Trigo has been one of the leading technology partners for retailers to help them develop autonomous shopping experiences. The ...
28 October 2022
We review Amazon’s third quarter results and the outlook for the year ahead. Q3 key numbers Total net sales increased 15% year-on-year (YoY) to $127.1bn North America segment sales increased 20% to $78.8bn International segment sales decreased 5% to $27.7bn, but increased 12% excluding changes in foreign exchange rates Operating income fell from $4.9bn to $2.5bn year-on-year ...
28 October 2022
Casino Group has reported net sales growth of +10.6% and +5.4% on a same-store basis in Q3 2022. Convenience channel boosts sales in France In Q3 2022, Casino saw sales increase by +3.9% on a same-store basis in France, an improvement on its Q2 performance of +3.4%. Its French retail sales reached €3.6 bn in Q3. Its convenience stores showed the biggest increase in sales, as the continue...
28 October 2022
DFI retail group recently introduced the yuu Rewards Club app, a platform that allows shoppers to earn points and redeem rewards across retail, foodservice and telco outlets in Singapore. This builds upon the success of a similar DFI app launch in its home market of Hong Kong in 2020, which has garnered millions of downloads. Diverse range of partners involved The app involves the use of QR...
27 October 2022
Carrefour reports a strong performance in a challenging environment, especially as inflation accelerated across all European markets. The retailer confirms its sales in Q3 2022 reached €23,504m an increase of 19%, with like-for-like (LFL) sales growing by 11.3%, compared to Q3 2021. Source: Carrefour Alexandre Bompard, Carrefour’s Chairman and CEO addresses Q3’s outcomes ‘In an en...