Retail and consumer goods industry news

30 September 2022
As Tesco works with Ikea and toothpaste manufacturers on separate trials, we round up news from the retailer. Tesco and Ikea collaborate on collection points Ikea will trial click and collect points in car parks at seven Tesco stores as part of an expansion of its Collect Near You service. The retailers have said they will trial the solution for six months. Ikea shoppers will be able to col...
30 September 2022
As Morrisons invests more than £100m to cut the price of 150 of its most purchased products, we look at three key developments from the retailer. To drive value messages, Morrisons to cut prices of 150 key products… Morrisons has launched a new round of price cuts, which will offer an average saving of 14%, as it looks to promote value messages and bring shoppers back to its stores. The ret...
30 September 2022
Understand how Salling group plans to help shoppers with rising costs and inflation, while Dagrofa and Aldi focus on creating and improving store concepts to compete in the market.   Salling group extends price caps on essential products Denmark based Salling Group announced it has prolonged its price cap until the end of 2022, to help during the current difficult living conditions, with ener...
29 September 2022
The Co-op has launched a new food strategy, which is focused on convenience and value, following on from the announcement of its first half results, which saw the Group generate an operating loss of £20m. Co-op Food: sales +1%, operating profits down Co-op Food’s revenue increased year-on-year by 1% to £3.91 bn, aided by higher fuel sales. Like-for-like sales of food, excluding fuel, were d...
29 September 2022
Following a successful trial of its Restaurant Hub concept at the Selly Oak store last year, Sainsbury’s (in partnership with Boparan Restaurant Group) has kicked off the nationwide roll out with a second opening at its Sydenham store in South East London. A total of 30 stores will be transformed into these dining destinations over the next year, with aspirations to roll the concept out to 15...
29 September 2022
Morrisons has reported total sales, including fuel, rose 4.5% to £4.8 bn in the 13 weeks to 31 July, driven by new space and fuel sales. The retailer said its adjusted EBITDA fell to £177m, from £356m in the same period in 2021, as it faced ‘ unprecedented inflationary pressures ’ on its business. Q3 like-for-like sales showed sequential improvement Morrisons Q3 like-for-like sales, excludi...
28 September 2022
We look at how Kroger is using Everseen’s Visual AI platform to reduce customer friction and losses at self-checkouts. Reducing checkout errors Everseen’s platform is one of the most advanced in our industry, leveraging AI technologies from powerhouses including Lenovo and NVIDIA. It is being used by Kroger at over 1,700 stores to improve the shopper experience at self-checkouts, where erro...
28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
27 September 2022
Speaking at its annual Expo at Stoneleigh, Warwickshire the new Nisa Managing Director, Peter Batt has announced a £5m investment in cutting the cost of Co-op private label goods for the network’s independent retailers. Recognizing the growing cost pressures facing retailers, the investment will reduce the cost-price of more than 1,000 Co-op lines supplied to them, beginning with the first 100 ne...
27 September 2022
Walmart is launching two different experiences on Roblox, developed to offer unique interactive content and entertainment for users of the platform. Launching on large, fast-growing platform Roblox is an immersive, 3D online platform developed to play and create new games. Accessible through desktop and mobile browsers, its predominantly used with gaming consoles. Roblox is often considered...