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Retail and consumer goods industry news

13 October 2023
Last week, an audience of 1,300 gathered at the Harrogate Convention Centre to hear Morrisons’ leadership team reflect on the past year and set out their vision for the next 12 months. Attendees heard firsthand from key members of the Morrisons leadership team, including James Badger, Morrisons Group Commercial & Manufacturing Director, Rachel Eyre, Morrisons Chief Customer & Marketing Officer...
12 October 2023
Couche-Tard, Circle K’s parent company, new five year strategic plan has been developed to enable it to achieve $10 bn in EBITDA by 2028, rising from $5.8 bn this year. We look at how the retailer plans to achieve this through evolving its food offer, investing in loyalty and digital, growing its network and developing its fuel operations. Enabling growth The retailer has developed a simple...
12 October 2023
We review Walgreens Boots Alliance’s Q4 and 2023 fiscal year results, outlining key highlights from the US and International segment. Performance by divisions In the fourth quarter, WBA reportedsales increased by 9.2% to US$35.4 bn, up 8.3% on a constant currency basis. In its 2023 fiscal year, sales increased 4.3% to US$139.1 bn, up 5.6% on a constant currency basis. Finally operating loss...
12 October 2023
Our global analysts share their opinion on grocery retail news from across the globe. China’s legislation on excessive product packaging – Stephanie Leung, Insight Analyst Two years ago, in November 2021, the China state administration has mandated requirements regarding excessive product packaging. This directive requires food and cosmetics suppliers to adhere to a specific set of guidelin...
12 October 2023
Tesco has acquired the Shoprite chain of stores on the Isle of Man. Shoprite, which operated on the Isle of Man for 51 years, sold all 9 of its stores to Tesco. Tesco has said it will convert all of the stores into Tesco formats over the next 9 months. Tesco currently operates a single store in the island’s capital, Douglas. The move will bring the total number of Tesco stores on the Isle o...
11 October 2023
Generative artificial intelligence (AI) has emerged as a groundbreaking technology that can generate original content, such as text and images. As AI develops, the eating out industry is not being left behind, with operators starting to adopt the tools to add to the customer experience, streamline back-of-house processes and communicate with customers. Here are 10 of the latest AI developments...
11 October 2023
To celebrate the launch of it’s new Ultimate Takeaway range, Aldi ran a one day only pizza delivery service in the student cities of Manchester, Edinburgh and Cardiff on 3 rd October.   Source: Aldi In true Aldi-style, the retailer hasn’t been shy about taking inspiration from other brands with new imitations set to compete with the Colin vs Cuthbert debate of 2022. The Ultimat...
11 October 2023
The leading modern retailer in India continues to receive foreign investment, fuelling its rapid growth across the country. Attractive proposition for investors Reliance Retail has received an investment of US$600 million from the Abu Dhabi Investment Authority. Reliance’s strong growth and adaptability in the market has been cited for attracting the investment. This latest investment fo...
11 October 2023
Based on data from its 30,000-strong shopper panel, the latest release from Kantar indicates in the 12 weeks to 1 st October 2023, total till roll consumer spend in Great Britain increased by 9.1% on the same period last year. Lidl’s performance sees it top the growth chart for the second month in a row, Aldi is the only other operator to enjoy double-digit growth. The discounters are joined ...
11 October 2023
The discounter has unveiled the ambitious goal of reaching 6,000 stores by 2026, targeting key markets in Western and Eastern Europe Key European markets being targeted As the current store count is circa 5,300, the plan to add 700 more locations is really quite something. With expansions arranged in most major markets, the biggest growth will be seen in Spain, France, and Poland. In Eur...