News

Retail and consumer goods industry news

17 July 2013
The Lima Chamber of Commerce has brought together leading e-commerce businesses in Peru to offer products and services at significant discounts for a 48 hour period, over 17-18 July. Goal is to help e-commerce grow in Peru E-commerce has been growing in Latin America and is predicted to account for almost USD70bn this year. Although Peru's share of this is around 1.5%, far behind Brazil at 59...
17 July 2013
Dubai’s Department of Economic Development (DED) has launched a website that enables shoppers to compare a limited list of prices. Site to provide shoppers with convenience The DED has said that the site – www.sallety.ae – will be improved over time, with more products added as time goes on. However, the initial launch enables shoppers either on a computer or through their smartphone to check...
17 July 2013
Netherlands-based Jumbo Supermarkten has launched a Facebook-based product testing app, Jumbo Testmarkt. Shoppers to be sent products monthly Jumbo said that shoppers who register to test a certain product, be it private label or branded product, will be sent an item on a monthly basis for assessment. The retailer said that testers then use the app to submit feedback, by using a score out...
17 July 2013
Leclerc has reported total turnover growth of 5.5% for the first half of 2013, which it says confirms the success of its low price policy. Continues to claim price leadership Leclerc says it extended its lead over the competition in the first half, with a difference of five percentage points compared to its closest competitor. Although the permanent low prices are driving the increase in ...
17 July 2013
South Africa's leading grocery retailer, Shoprite, has reported turnover growth of 12.1% for the 12 months to June 2013, in its preliminary trading update. Continued pressures on income reflected in sales slowdown Turnover for the full year was around ZAR92.7bn, with like-for-like growth of 5.8%. Shoprite reported lower food inflation for the 2013 period, 4.3% compared to 4.9% for 2012....
17 July 2013
Bargain Booze has announced it is planning to float on AIM later this month to raise funds for its expansion. Largest franchised off-licence and convenience chain in UK Bargain Booze Holdings , which was recently renamed Conviviality Retail runs more than 600 franchised stores, making it the largest franchised off-licence and convenience chain in the UK. The deal is expected to generate b...
17 July 2013
On the opening of its newest store, Turkey-based Kazançli Istanbul Marketleri’s (KIM) chairman, Erol Ersan, has discussed the retailer’s expansion plans. Expansion to occur through organic growth and acquisitions Ersan said that the retailer was continuing to search out opportunities to expand in the market, where it is looking to add about 70 stores annually. He said that the company was con...
17 July 2013
The chief executive of Kenya-based Uchumi, Jonathan Ciano, has discussed the retailer’s expansion plans for Tanzania. Uchumi to expand ‘nationwide’ Speaking at an event in Tanzania, Ciano said that Uchumi wanted to expand its store presence ‘countrywide and reach potential customers where they are’. In the short term, this will see stores added in Dar es Salaam and then on to the regions of D...
17 July 2013
Loblaw has announced that it has reached an agreement to acquire Canada’s leading drugstore chain, Shoppers Drug Mart, for $12.4bn. Stewart Samuel looks at what this means for the Canadian grocery retail landscape and its shoppers. It was a combination that certainly hadn’t been expected, but on reflection, Loblaw’s plan to acquire Shoppers Drug Mart is a brilliant strategic move by Canada’s ...
17 July 2013
Ministop enters the markets, whilst domestic retailer Matahari continues expansion in Sumatra. Matahari growing regional presence Indonesian multichannel grocery retailer Matahari opens its 85th hypermarket in Pematangsiantar, North Sumatra, increasing store concentration in east Indonesia. In 2013 Matahari plans to open around 20 hypermarkets, adding to a target of 80 new stores by 201...