News

Retail and consumer goods industry news

02 May 2023
ALDI will be adding 120 new stores to its US network in 2023, solidifying its market presence and cementing its growth in the country. Growth across existing and new areas  As it becomes more popular in the US, the retailer's latest expansion comes off the back of shoppers asking for more stores to be opened in their areas. Currently present in 39 states, ALDI aims to have 2,400 stores in t...
02 May 2023
The new fees come into effect today, requiring online shoppers to spend at least £50 to qualify for free delivery. The previous minimum spend requirement was £40. The charge for baskets that don’t meet the minimum spend threshold is also increasing from £4 to £5. Speaking to The Mirror, a Tesco spokesperson said: “To ensure we can continue to serve our online customers as effectively as...
02 May 2023
After 46 years in Australia, the 7-Eleven chain store is for sale. Famous coffee and Slurpee The retail business is still operating as usual since the sale is expected to take several months. The chain manages 250 million transactions every year and there are more than 9,000 people across its corporate and franchise network. It is the largest convenience retailer on the eastern seaboard of ...
02 May 2023
Woolworths Group, the largest grocery chain in Australia, has recorded 8% Q3 sales to AUD16.34bn (US$10.85bn), underpinned by its food business. Australian Food: 7.6% gain in Q3 Woolworths Food Retail (which consists of stores and ecom) sales increased by 7.4% to AUD12,194m (US$8,090m), with like-for-like increasing 6.6%. Q2 average prices grew 5.4%, moderating from Q2 growth of 7.7%. The e...
28 April 2023
We review Amazon’s first quarter results and the outlook for the year ahead as it continues to simplify the business. Q1 key numbers Total net sales increased 9.4% to $127,358m Net product sales increased 0.9% to $56,981m Net service sales increased 17.3% to $70,377m Online sales were flat to last year at $51,096m Sales through physical stores increased by 6.6% to $4,895m ...
28 April 2023
Carrefour showed a strong performance in a continued challenging environment, especially as food inflation remained high across most European markets. The sales in Q1 2023 reached €22,071m an increase of 15.4% at constant exchange rates, with like-for-like (LFL) sales growing by 12.3%, compared to Q1 2022. Q1 key figures Source: Carrefour   Alexandre Bompard, Chairman and CEO add...
28 April 2023
The Retail Technology Show in London, held on 24 th – 25 th April, brought together industry leaders, innovators, and enthusiasts to showcase the latest advancements in retail technology. The show featured a wide range of exhibitors from various sectors, including e-commerce, brick-and-mortar retail, supply chain management, and customer experience. Attendees had the opportunity to intera...
28 April 2023
Japanese retail giant Aeon recently announced plans to buy more than 50% of competing supermarket chain Inageya by February 2024. Within a few years, Inageya will become a subsidiary under United Super Markets Holdings (USMH), a large supermarket chain under the Aeon portfolio. Becomes leading supermarket group Aeon's supermarket business unit achieved solid growth in its recently announced...
28 April 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. From Europe REWE is the latest German retailer to partner with European crowd-shipping market leader Shopopop Aldi Sud’s ‘best from the region’ private label concept is growing, with it seeking to benefit from the popular German asparagus season Drugstore retailer Rossmann expands its ...
28 April 2023
Carrefour has agreed to buy all Cora Romania stores and infrastructure from Belgian owner Louis Delhaize. Hypermarkets and convenience stores to be rebranded Carrefour will acquire Cora’s 10 hypermarkets and eight convenience stores in Romania, following an agreement with Louis Delhaize. The deal should be completed by the end of 2023. The stores will be rebranded under Carrefour’s hyper...