Retail and consumer goods industry news

08 October 2013
At this week's IGD Convention, Procter & Gamble's Vice President and Managing  Director, UK & Ireland, Irwin Lee, has spoken about the potential of genuine  innovation as a driver of real category growth. Reflecting on 'the pain' this time last year Irwin started by referencing Kevin Spacey in 'House of Cards' who spoke of two types of pain and choices on how to respond. Last year, P&G decide...
08 October 2013
Rewe Group says it has strengthened its competitiveness and performance via organic growth and targeted acquisitions, speaking at the Expo Real trade fair in Munich, Germany, this week. Continues to seek new locations in Germany Rewe will open and expand 140 new supermarkets in Germany this year. In future, expansion will focus both on the successful small format stores, such as Rewe City...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
08 October 2013
Netherlands-based Ahold-owned Albert Heijn has announced that it will be launching a new Bonuskaart soon. Card to enable retailer to personalise offers The card will enable users to continue to gain personalised offers, if they activate it online. The requirement to activate the card comes after the retailer was encouraged to postpone its previous launch – in spring 2012 – due to shoppers’ pr...
08 October 2013
The latest figures released from the British Retail Consortium Retail Sales Monitor show that UK retail sales grew by 2.4% in September 2013, with a like-for-like uplift of just 0.7%; making it the weakest month of growth this year (excluding Easter distortions).  Warm early autumn weather in particular impacted clothing sales as shoppers delayed buying into winter wardrobes. Contrasting fortunes...
08 October 2013
Speaking at IGD's 2013 Convention, Brakes' chief executive Ken McMeikan highlighted the opportunity for the foodservice industry to learn from retailers in their customer-centric approach and use of ecommerce, as well as range and category management practices. The best foodservice companies will become fully customer-centric Successful global retailers place customers at the heart of ever...
08 October 2013
Speaking at the IGD Convention, Matt Atkinson, Tesco's group digital and marketing officer outlined how collaboration is key to prosperity in an uncertain and dynamic world. Living in the 'VUCA world' Borrowing an acronym used by the US army, Atkinson said that retailers needed to address the realities of living in a VUCA - volatile, uncertain, complex and ambiguous - world. These forces, he ...
08 October 2013
Waitrose's managing director Mark Price, speaking at the IGD Convention, has outlined the challenges the retailer has faced in recent years and how the business has been reshaped to enable the brand to move forward. The challenge in the past Mark expanded on how between 1990 and 2006, Waitrose was in a strong position. The business had invested in new store formats, IT systems, product ra...
08 October 2013
Italian retailer Gruppo CRAI has frozen the prices of its private label products for the rest of 2013, absorbing the increase in VAT. Freeze to last until end of year The Italian government increased the VAT rate from 21% to 22% on 1 October 2013. CRAI acted swiftly, announcing on 2 October that it would freeze prices. Commenting on the move, managing director Marco Bordoli said the freeze...
08 October 2013
El Corte Inglés has reportedly sold a 51% stake in its finance arm, Financiera El Corte Inglés, to Santander for a price that values the whole operation at €415 million. Financiera El Corte Inglés: Spain's largest retailer credit card business The sale of the stake, which will happen in two stages with the retailer receiving €140 million at each step, to Santander gives the bank access to the...