News

Retail and consumer goods industry news

25 November 2022
Wilko is reportedly in discussions with alternative lenders to secure a £30 million cash injection as it looks to navigate cost pressures in the buildup to Christmas. Wilko’s short-term financing plans According to the Sunday Times, Wilko is in talks with alternative lenders for an emergency loan of £30m as it deals with the cost-of-living crisis, rise in inflation and supply chain disru...
24 November 2022
Despite shopper focus on value, Lidl continues to work towards its sustainability commitments. We look at recent developments across its European markets. Lidl France encourages sustainable travel Its first e-station was launched in Villefranche-sur-Saône this week, offering 13 spaces dedicated to the fast and ultra-fast charging of electric vehicles. Lidl France announced plans for a furth...
23 November 2022
As retailers adjust to a rising cost base, we are seeing several changes in the in-store environment. Initiatives are being focused in four key areas including reducing labour requirements, improving productivity, reducing energy costs and limiting food waste. Here are some global examples. Reducing labour The focus on reducing labour is mainly being driven by the vacancies retailers are fa...
23 November 2022
Latest accounts filed with Companies House for Tesco convenience subsidiary One Stop, shows that sales from its company-owned stores fell by 4.4% in the year to 26 February 2022 to £965m. The decline owes much to the very tough comparison made by the pandemic-boosted sales in the previous year (up 15.5%), but was also exacerbated by the loss of six stores (695 in 2022 versus 701 in 2021). Neverth...
23 November 2022
Coles Group has shaved 30 minutes off its click and collect boot delivery service at its Southland store in Victoria. Largest collection point  The store at Southland, Victoria will have the widest range of items and click and collect ready in 60 minutes. The range for this service is extended to 20,000 products, including items like hot roast chicken. New technologies, such as digital scal...
18 November 2022
Tesco has launched a trial partnership with French frozen food chain Picard. This has seen the introduction of Picard-branded bays in the frozen section of select Tesco stores, with the signage stating ‘bonjour to food lovers’ and ‘bonjour to evenings with a French touch.’ The new range in Tesco consists of around 20 SKUs. A fuller Picard range has been available via Ocado for several yea...
18 November 2022
We review Loblaw’s Q3 performance as shoppers continue to adjust their behaviours in an inflationary environment. Q3 key numbers Total revenue increased 8.3% to $17,388m Retail segment sales increased 8.2% to $17,130m, with food up 7.4% and drug up 10.3% Food retail same-stores sales increased 6.9%, with drug retail same-store sales up 7.7% Ecommerce sales increased 3.0% Adju...
17 November 2022
British food delivery service Deliveroo has closed its Australian business, due to challenging economic conditions. The company announced the closure on Wednesday 16 November and said the decision was effective immediately, with the company website and app disconnected immediately. Source: Deliveroo Is the quick commerce model starting to show signs of strain? Chief operating of...
17 November 2022
The sixth larger grocery retailer in the UK has reported a 1.5% YoY increase in turnover in the 2021/22 financial year. Positive sales growth expected to continue Lidl GB achieved a turnover of £7.8 bn in the financial year ending 28 th February 2022, a 1.5% increase on the previous year. The efficient retailer also saw profits before tax significantly increase, achieving £41.1m compared t...
17 November 2022
From January 2023 Waitrose will range a selection of Planet Organic own brand products across 50 of its stores and on Waitrose.com. The range of health and wellness products will be carefully curated by Planet Organic, to meet the needs of Waitrose customers. Importance of ethics and quality Waitrose and Planet Organic share similar values, with both retailers focused on sustainability, eth...