Retail and consumer goods industry news

17 March 2022
A.S. Watson plans to shut down its Watsons stores in Russia amid the war between Russia and Ukraine. “Unsatisfactory business performance” drives the decision to exit The health and beauty retailer looks to close all its 47 stores in Russia by 30 th June 2022 and its online shop by 21 st March 2022. The decision to exit the market was reportedly made before the Ukrainian crisis and ins...
17 March 2022
German drugstore chain, Rossmann reported a successful financial year in 2021 as its group sales increase 8.1% to €11.1 bn. Germany continues to lead growth Germany remained the leading growth driver for the group as sales increased by 8.2% to €7.9 bn (2020: €7.3 bn). Its international operations also experienced growth with sales up by 7.8% to €3.2 bn (2020: €3.1 bn). It ended the fi...
17 March 2022
Ocado Retail has announced a decrease in revenue of (5.7)% to £564.7m in its first quarter, 13 weeks to 27 th February 2022. Customer growth but declining basket Ocado’s active customer base increased by 31% year-on-year (YoY) to 835,000. Order numbers also grew to 367,500 per week, an increase of 11.6% compared to Q1 2021. The value of the average basket fell (15)% YoY to £124. This re...
17 March 2022
We review Couche-Tard’s results for the nine months ended 30 January 2022. Key numbers for the nine months YoY Total revenue up 38.3% to US$46.3bn Merchandise and service revenues up 5.7% to US$12.8bn Road transportation fuel revenues up 55.6% to US$32.9bn Same-store merchandise revenues up 5.8% in Europe and other regions (including Hong Kong), 1.7% in the U.S and -4.2% in Cana...
17 March 2022
Walmart announced partnering with UK based prestige beauty retailer Space NK to launch BEAUTYSPACE NK in its stores and online. New ways to shop premium beauty Space NK will launch its curated assortment on Walmart.com on 15 th March and in its stores nationwide this summer under the banner BEAUTYSPACE NK . The beauty retailer will offer over 600 products from 15 brands, including both...
17 March 2022
Spain’s leading grocer, Mercadona, generated gross sales of €27.8 bn in 2021, up 3.3% on 2020’s figure. Net income was €680m, a 6% decrease compared with 2020. Mercadona invested a total of €1.2 bn in 2021, €920m on 79 new store openings and store refits, €180m in its supply chain and €100m to drive the development of its online business. The retailer ended 2021 with 1,662 stores, 21 more than...
17 March 2022
Walmart is establishing new hubs in Atlanta, USA and Toronto Canada for its Global Tech teams, which will enable it to accelerate its progress in infusing its business with new technologies. The scale and scope of its tech presence can only be matched by a few retailers globally.  Reimagining the future of work and shopping Walmart’s Global Tech teams develop and manage the foundational tec...
17 March 2022
Consum-owned Charter announced record sales growth in 2021 and plans to expand its network throughout 2022. Furthermore, Supercor Stop&Go advances its partnership with Repsol and Bon Preu announced its sales increased to €1,782m. Charter revealed record sales Consum sales to Charter reached €444m in 2021, an increase of 12.9% compared to 2020. The group revealed it added 14,200 sq m of sales ...
16 March 2022
Loblaw’s Shoppers Drug Mart business is set to acquire Lifemark Health Group. The company is a leading provider of outpatient physiotherapy, massage therapy, occupational therapy, chiropractic, mental health, and other ancillary rehabilitation services through its more than 300 clinics across Canada. The deal is valued at CAD$845m. Strategic focus on connected health As the leading drugstor...
16 March 2022
The convenience channel is becoming increasingly competitive in Brazil , particularly in São Paulo. Throughout the pandemic, Brazilians have spent more time at home than ever before, which has led to a rise in new autonomous store formats.  Carrefour is the first major retailer to enter this space and accelerating the expansion of its autonomous stores underpins its convenience strategy thi...