News

Retail and consumer goods industry news

24 March 2023
Following a successful trial at 10 sites started in October 2022, branded Claire’s sections, offering an extensive range of personal accessories, are now to be rolled out to 500 Asda stores. Asda’s Senior Director for Retail Planning and Proposition, GM and George, Alison Grainger commented: ‘We understand that our customers are busy and want to save time as well as money. Working with par...
24 March 2023
Tesco and Boots have both announced reductions to their customer loyalty reward schemes. The changes will take effect in the coming months. Tesco reduce the value of Clubcard reward vouchers From 14 June the vouchers, which can be used at over 100 Reward Partners, will see their value drop from triple the face value to double the face value. This is the second time Tesco has reduced the valu...
24 March 2023
Auchan has announced it will be opening two Auchan Discount stores in Romania, the French retailers first attempt to enter the discount channel in any of its markets. Targeted expansion in a fast-growing market Auchan has targeted two hypermarkets for conversion to a new discount format, with the new stores focussed on providing low prices to shoppers. The new hyper-discount stores will ...
24 March 2023
Last week, we held our webinar exploring the first of our series of cost-of-living reports, all about loyalty. If you missed the webinar, you can watch it here .  Here are the answers to all the questions we didn’t get round to answer live:   On retail loyalty schemes   What does an effortless scheme look like for shoppers? We know shoppers value their time and the more ti...
24 March 2023
Fresh from its first ever quarterly profit in Q3 2022, South Korean ecommerce giant Coupang achieved an unprecedented second consecutive quarterly profit in Q4 2022. Focus on efficiency and superior offerings As we had reported after Coupang’s first ever quarterly profit in Q3 2022, its success can be attributed to its efficiency drive and ability to stand out from competitors through its...
23 March 2023
Lidl GB is expanding its ‘Good to Give’ scheme to now include hygiene products in an effort to tackle rising levels of hygiene poverty in the UK Shoppers will be able to spot the Good to Give signage on 10 essential sanitary and personal care items. These items can be dontated at the provided spots beyond the checkout.in Lidl GB store and will be collected by volunteers weekly. Lidl has see...
22 March 2023
German hypermarket retailer Kaufland will add Decathlon sports stores next to five more locations in 2023. Enhancing the shopper experience Following the success of their first partnership in Karlsruhe, Kaufland and Decathlon will be teaming up in five more locations in 2023. The agreement sees Decathlon open stores on Kaufland rental space. Other sites will involve old Real stores, that...
22 March 2023
Fuel giant BP recently acquired TravelCenters of America (TA) in a US$1.3 billion deal in the US, as part of its strategy to expand downstream to enjoy greater synergies and advantage its aims in areas like EV charging. Increasing downstream retail presence With the acquisition of around 280 TA stores, BP’s convenience store count in the US now exceeds 1,500, including its other banners suc...
21 March 2023
The figures, announced last week as part of the John Lewis Partnership’s annual results, show Waitrose’s sales were down 3% in 2022 to £7.31 bn. Sales decline coming from online, as instore performance remained flat Waitrose stated all sales declines came from the online channel, with store sales remaining flat year on year. Online accounted for 14% of sales in 2022, down from 17% in 2021. ...
20 March 2023
CK Hutchison reported its retail revenue (A.S. Watsons) fell by 2.0% to HKD169.6 bn (US$21.9 bn), and its earnings (EBITDA) decreased by 11% to HKD14.3 bn (US$1.8 bn) in its full year 2022 results. In local currencies, its total revenue increased by 6%, while EBITDA declined by 2%. Performance of A.S. Watsons across different markets and businesses • Healthy and Beauty China sales decreased...