News

Retail and consumer goods industry news

30 November 2023
China: Temu’s parent PDD Holdings reported an outstanding Q3 PDD Holdings, home to the rising cross-border online discount platform, has reported a year-on-year increase of over 90% in revenue, amounting to $9.44 billion in Q3. Temu has come under the spotlight of many online retailers since the platform rose to the top of app stores in the US in just a few weeks and has now gained a presence ...
29 November 2023
In August 2021, Kroger announced its partnership with Kitchen United, a software company turned ghost kitchen specialist. Together they opened eight ghost kitchens inside Kroger stores under the name Kitchen United Mix, which were in California, Texas, Ohio and Indiana.  In July 2022, Kitchen United raised $100m from a group of investors, including contributions from grocers Kroger and Couche-...
29 November 2023
We recently visited the capital of Romania, Bucharest, to look for the latest innovative stores and trends in the market. Here are three must-see stores and reasons why we believe everyone should not miss out! 1. Auchan Berceni, Drumul Dealul Bisericii 67-109, Bucuresti 042157 Auchan is one of the leading retailers in Romania, focusing on the hypermarket format. This store was refurbished a...
27 November 2023
Canada-based Sobeys has formed a strategic partnership with Cookin, a homemade food delivery marketplace, to provide consumers with ideas for creative meals at home using its ingredients. Marketplace for food creators Cookin is a homemade food delivery marketplace connecting consumers with local chefs and cooks, offering ready-to-eat meals with a personal touch. It has developed a marketplace...
27 November 2023
During our recent trip to Taipei, we explored the strategies adopted by retailers to thrive in the current economic challenges. Over the past two years, Taiwan has witnessed several significant mergers and acquisitions, including PX Mart acquiring RT Mart and Uni-President taking over Carrefour Taiwan. In this article, we focus on three retailers representing the convenience, supermarket, and hyp...
27 November 2023
The famous Ladybug, has reached another milestone when it comes to expansion in the country opening its 3,500 th store, but what’s new? The jubilee outlet a store like no other in its network – new solutions and technology This store is different from others in the Jeronimo Martins portfolio – employing new solutions that incorporate its sustainability development strategy. Pawel Stol...
24 November 2023
Sainsbury’s re-opened its Witney store today following several weeks of refurbishment that included being closed for 12 days. The store will be used to test many of Sainsbury’s ‘future role of store’ concepts and is host to a wide array of new features. Our latest ‘Store of the future’ report has highlighted the need for physical stores to embrace a new operating model to be able to thrive in...
24 November 2023
In its Q3 2023 results (summary below) Walmart reported solid ecommerce growth in the US: 24% for Walmart, 16% for Sam’s Club. Omnichannel services including pickup and store fulfilled delivery have played a major contributing factor to driving strong growth, which has been seen across both its third- and first-party offer. Retailers remain laser-focussed on how to grow sales in the online cha...
24 November 2023
I visited Ploiesti, Romania to see the French retailer’s first discount format in any of its markets. Hyper-discount format to meet the price demands of shoppers In March 2023, Auchan Romania launched its new format of hypermarket. The concept was devised to counter the growth of discounters in the market and support the purchasing power of shoppers. The store offers around 15,000 SKU’s,...
24 November 2023
Our global analysts share their opinion on grocery retail news from across the globe. Grocery retailers are partnering with travel agencies – Michaela Jay, Insight Manager We are used to seeing many partnerships come together on a regular basis (a recent example being Amazon partnering with Meta and Snap), but partnerships between grocery retailers and travel agencies is less common, but ve...