News

Retail and consumer goods industry news

25 January 2021
Leclerc’s president, Michel Edouard Leclerc, has discussed how the retailer’s online operations generated the sales it was forecast to in 2024 in 2020, following the impact of COVID-19 and shoppers’ changing buying behaviours. Drives enjoyed sales growth of 42% in 2020… Leclerc said the retailer’s Drives saw sales growth of 42% in 2020, which helped to offset the challenges faced by its lar...
25 January 2021
South Africa-based, Walmart-owned Massmart has published a sales update for its 2020 financial year, noting trading its fourth quarter improved as ‘ many of the previously imposed Covid-19 related trading restrictions [were] lifted, which allowed trading to resume in most categories . However, the continued restrictions on the sale of liquor had a strong impact on its overall performance. Sale...
25 January 2021
Les Mousquetaires announced full year 2020 results showing revenue, including fuel, rose 2.3% to €46.3 bn. Underlining how shoppers adapted their buying behaviour in response to COVID-19 and restrictions and lockdowns implemented as a result, Les Mousquetaires with proximity formats outperforming. Strong difference in performance by format Les Mousquetaires reported its food retailing busin...
23 January 2021
Reliance Retail plans to integrate its own e-commerce app JioMart into WhatsApp, within the next six months.  This would enable 400m users of India’s most popular messaging app to order food and grocery products, without having to switch to another platform. Integration challenges Flipkart and Amazon in India’s online retail market Customers can place their orders on JioMart by adding its W...
22 January 2021
Monthly data updates from 7-Eleven, Lawson and Ministop, focusing on sales, customer footfall and average customer spend in Japan.  Japan’s convenience channel shrinking All of the leading convenience retailers are seeing a decline in sales year-on-year (YoY). Seasonal effects and changes in COVID-19 cases and restrictions are impacting customer footfall, leading to sales fluctuation month ...
22 January 2021
Turkish on-demand rapid delivery company Getir announced it has secured $128m for international expansion in a funding round. Valued at $850m The funding round, led by venture capitalist Michael Moritz’s Crankstart Investments and Brazilian Base Partners, valued Getir at around $850m. With this investment, Getir aims to expand internationally to offer its services initially in London, Sao P...
22 January 2021
Cencosud S.A. is a Chilean-based multi-format retailer with operations in Argentina, Brazil, Chile, Colombia, and Peru. The business has announced plans to invest US$1.8 bn between 2021–2023. This will be mostly invested in renovating and constructing stores, as well as developing technology and launching a new proximity supermarket banner. Heavy investment in renovating and constructing new s...
22 January 2021
With news of potentially problematic new virus strains and uncertainty over how and when restrictions will be lifted, food and drink businesses face an extremely challenging start to the year. The implications affect the whole supply chain from manufacturers and wholesalers to retailers and operators.  All links in the chain must work more closely than ever to ensure businesses survive the t...
22 January 2021
P&G reported a strong second quarter, reflecting pandemic-driven demand for its brands. Although there is a degree of uncertainty and volatility associated with its expectations for the second half, the business is confident that it will benefit from shifts driven by the COVID-19 pandemic. Sales guidance raised despite second half uncertainty Second quarter sales increased by 8%, driven by ...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...