News

Retail and consumer goods industry news

31 March 2023
The new policy comes into place on the 2 nd of May, increasing the required minimum spend from the current minimum of £40. Fees for baskets that don’t meet the minimum spend will also increase from £4 to £5. The minimum spend for click-and-collect purchases will remain at £25. Currently, both Sainsbury’s and Asda have a £40 minimum spend for their home delivery services. Commenting on t...
31 March 2023
REWE Group has released their preliminary results for 2022, growing over 10%, and shows no signs of slowing down. The group is solidifying its position as one of the top retailers in Germany. It has shown overall growth and continues to prioritise customers over profit; its long-term strategy is to invest in consumer prices whilst relying on successful investments and revenue from other parts of ...
31 March 2023
Ocado have reported retail sales of £583.7m for the 13-week period to 26 February 2023, up 3.4% compared to Q1 last year. Ocado noted in their recent annual results that shoppers had reduced their basket sizes over the course of 2022 and this trend continued into Q1. The size of the average shopping basket dropped by 7.5% (to 45 items) but this loss in revenue was offset by inflation and the r...
31 March 2023
The figures announced in Asda’s full-year 2022 results reveal that sales, excluding fuel, increased 0.01% to £20,452 bn. Despite this growth, profits excluding fuel were down 24% to £886m. Success for own-brand products and Asda Rewards Although like-for-like sales declined in the first half of 2022, this was followed by growth of 4.7% in Q3 and 5.4% in Q4. Asda identified a focus on ...
31 March 2023
The Philippines’ second largest retailer Puregold Price Club Inc (PGOLD) reported its FY 2022 consolidated net income of Php 9.3bn, an increase of 13.5% compared to last fiscal year. Strong performance throughout pandemic Recently, Puregold was named as the Philippine’s Most Chosen Retailer according to Kantar, a leading global data analytics provider. Puregold has sustained a growth path thr...
30 March 2023
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12 weeks to 19 th March 2023 total till roll consumer spend in Great Britain increased slightly to 8.6% (compared to 8.1% for the previous period). Inflation reaches another record high Grocery price inflation over the 4-week period to March 19th stood at 17.5%, a 0.4% increase from ...
30 March 2023
As it appears that the German discounter has adopted a new pricing strategy to target margins over low prices, we look at how Lidl compares to the new value equation. The new value equation Our recent report on the new value equation , demonstrates how it will be a significant driver of change in grocery retail in 2023. It highlights five factors, that will resonate with shoppers when co...
30 March 2023
Alibaba Group has announced its new organisational structure aimed at supporting each of the group’s business make faster business decisions and achieve independent financing through market funding, thereby unlocking greater potential for shareholders. Business will be broken into six core business groups Taobao Tmall Commerce Group will include ecommerce platforms such as marketplaces...
30 March 2023
We round up the latest news in Australia from key retailers Woolworths, Coles and Metcash. 1. Metcash appoints Grant Ramage as CEO of Food pillar Grant Ramage is the executive general manager Merchandise in the Food pillar for four years. Prior to this, Ramage was State GM, Supermarkets, Western Australia after joining Metcash in 2015. As a State GM Ramage had delivered “significant and su...
29 March 2023
Walmart International's President and CEO, Judith McKenna took a deep dive into global retail at the Shoptalk event in Las Vegas. We look at the shifts it’s seeing in consumer priorities and how it’s responding. Shifting priorities Walmart International, with a presence in six major markets serving nearly 40% of the world's population, holds a distinctive perspective on global retail. The c...