Retail and consumer goods industry news

13 October 2022
Poundland owners Pepco Group released its year end results, for the year ending 30 September 2022, which showed like-for-like sales at the Poundland Group, which includes stores under the Dealz banner in Ireland, Poland, and Spain, grew by 2.6%. Total sales grew by 5.0%, at constant currencies, to £1.87 bn. Pepco Group’s revenue increased by 5.2% to €4.82 bn. What is driving growth for Poundl...
13 October 2022
Stuart Machin’s nine point plan aims to accelerate M&S’s food growth and rebalance the overall business amid ongoing cost pressures. It ranges from cutting the cost base to improving the omnichannel experience. 10-15% increase in space for food While closure of 67 M&S department stores (including food) has made the headlines, the retailer is simultaneously planning to open 104 Simply Foo...
12 October 2022
Bewiched Coffee has opened its first franchised site and launched its first express format as part of its partnership with the Heart of England Co-operative Society. Source: IGD Research Bewiched was founded in 2010 in Northampton. The chain now has 15 sites in the Midlands and Cambridgeshire, including a drive-thru site which opened last year and is Europe’s first purpose-bui...
12 October 2022
Carrefour continues to innovate across Europe. In Italy it has launched its first remodelled hypermarket, to help drive growth in the channel, while it has also increased its commitment to reducing food waste, as Carrefour Belgium and Carrefour Poland aim to tackle the issue. Carrefour Italia reveals its first remodelled hypermarket Carrefour Italia has opened its first updated hypermarket,...
12 October 2022
Axios has reported that TikTok is planning to open fulfillment centres in the US. Job postings on LinkedIn highlight a new service, ‘Fulfilment by TikTok Shop’ that’s being developed for sellers. Could TikTok become more than a marketing platform? What does this mean? Social commerce is moving beyond being a marketing platform to offering shoppable ads and content TikTok is reported t...
11 October 2022
American wholesaler, Costco, continues to expand into new international markets. We look at its plans for New Zealand and Sweden. First store opened in New Zealand In September, hundreds queued in the rain to visit Costco’s first store in New Zealand. The 14,800 sq. m store is in Westgate, on the north-western edge of Auckland. It features 800 parking spaces and a fuel station. It becomes o...
11 October 2022
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) for September indicates UK sales grew by 2.2%, with stronger growth in core non-food categories, such as clothing and footwear, pushing performance ahead of August. However, underlying growth is weak as volumes struggle and inflation accounts for much of the value uplift. Inflation driving up food growth ...
11 October 2022
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 2 October 2022 total till roll consumer spend in Great Britain rose by 4.8%, up from 3.8% in the previous reporting period. Inflation continued to drive value growth, with volume sales continuing to contract. Average annual grocery bill rises again Sales growth continued to ...
10 October 2022
M&S continues to look for ways to provide a seamless shopping experience for its shoppers and extend its reach, through new partnerships. M&S launches Sparks Pay In its quest to provide a more personalised and seamless customer experience, M&S has launched Sparks Pay for its members, in conjunction with M&S Bank. Sparks customers have exclusive access to Sparks Pay, which offers digital cre...
10 October 2022
Aldi plans to open 100 stores in Poland over the next two years. Despite this rapid expansion, getting ahead in such a discount-dominated, competitive market will be tough for the retailer. Investment plans take precedence over profit Aldi’s plans are an increase on its current store opening rate. In 2021 the retailer opened 39 new stores, bringing its total to 221. The new target means it ...