Retail and consumer goods industry news

28 March 2022
Good Noodle is a new instant noodle speciality store that has opened in Bangkok. More than 70 types of noodles across Asia The store is opened in Bangkok mall last October. It has a seating area and allows you to cook and eat the instant noodles immediately. The brightly coloured store is a highly popular amongst teenagers, as a meal cost between THB6 to THB250 (US$0.18 to US$7.46), which i...
25 March 2022
The Co-op has announced that its Group Chief Executive, Steve Murrells is to step down following the society’s annual general meeting on 21 May. Steve Murrells has led the group since 2017 and first joined as head of its food retail business in 2012. The interim replacement from that date will be Shirine Khoury-Haq, who is currently Group Chief Financial Officer and Chief Executive of the Co-op’s...
24 March 2022
US-based Kroger has formed a strategic collaboration with NVIDIA to develop an AI lab to enable it to reimagine the shopper experience. Three focus areas The new lab and demonstration centre will be developed within Kroger’s Cincinnati HQ. The collaboration will draw on NVIDIA’s capabilities as a leading computer chip company centred on computer graphics, high performance computing and arti...
24 March 2022
Asda has revealed details of the first 15 brands to pass through its Nurture programme, aimed at encouraging innovation from small scale suppliers. 46 lines will now be introduced to almost 100 stores over the next month, some of them exclusive to Asda, helping to provide unique reasons for shoppers to choose the retailer. Affordable innovation Starting from 95p, the range will be displayed...
24 March 2022
Finland’s Kesko announced it has updated it sustainability strategy. The retailer aims to continue its sustainability journey by staying ahead of the competition. Previously, Kesko has made the Global 100 Most Sustainable Corporations in the World list by Corporate Knights. Kesko’s sustainability strategy The retailer’s sustainability strategy focuses on four areas: Climate and nature S...
24 March 2022
The increase in COVID and stringent control measures are causing China's grocery market to recover at a slower pace. China’s grocery market: challenges ahead We are seeing strong growth of sales in China’s grocery market at the start of this year. However, the growing outbreaks of COVID and recent cities lockdowns are expected to weaken consumption. Control measures are tightening in some k...
24 March 2022
As Gopuff launches price matching for the UK’s largest convenience retailer and partners with Morrisons, Amazon rolls out Deliveroo Plus as a Prime benefit in Italy, I round up the latest developments within quick commerce. I also round up some of the latest activation I’ve seen from quick commerce pure plays Jiffy, Zapp and Gorillas, including a focus on events. Gopuff price matches Tesc...
24 March 2022
Major convenience retailer McColl’s Retail Group has announced that Jonathan Miller, who has led the company since 2016, has stepped down as chief executive with immediate effect. Pending the appointment of a replacement, Chairman Angus Porter will take on the role of executive chairman, while Chief Operating Officer, Karen Bird will take on the role of interim chief executive to cover day-to-day...
24 March 2022
IGD's new research into the UK’s eating out market highlights the complexity of the road to recovery and forecasts that the sector may only reach 79% of its pre-pandemic value in 2022. Consumer behaviour and socioeconomic factors are slowing recovery and driving disparity.  QSR is the driving force behind market growth whilst Restaurants and Pubs will continue to recover but pace will slow. Fo...
23 March 2022
For one month, Burger King is transforming its Leicester Square restaurant into a fully meat-free operation. This follows the announcement in January of its ambition to become 50% meat-free by 2030. The vegan version of Burger King is open to the public from 14 March to 10 April 2022.  We visited on opening week to see how the trial was being executed. Branding goes green Before   ...