Retail and consumer goods industry news

24 October 2013
Tesco has announced the launch of its Price Promise scheme in the Irish market, which will be comparing prices to Aldi and Lidl. Price Promise in action Tesco's Irish Price Promise will work on the same principle as its UK scheme, which compares Tesco prices with Asda, Sainsbury's and Morrisons. However the Irish guarantee will compare the prices at checkout with those of comparable produ...
24 October 2013
Asda has announced plans to rapidly grow the number of collection points it has available for online orders. 10 new collection points a week Asda is aiming to open 10 new drive through collection points a week, in its store car parks. Asda is intending to have a collection point in every car park by next summer (over 550 stores). Asda currently offers drive through points at 242 of its s...
24 October 2013
X5 Retail Group plans to sell its Perekrestok supermarket operations in Ukraine by the end of 2014. Negotiations in progress According to the Ukrainian press, X5, one of the leading Russian grocery retailers, has decided to sell its Ukrainian business in 2014. Currently X5 is conducting negotiations with potential buyers, aiming to complete the deal within one year. Challenging market ...
24 October 2013
Mexico's CCM grew net sales by 4.4% in the third quarter of 2013, and same store sales were up 2.3%, despite subdued consumption levels. Outperforming wider sector CCM's same store sales outperformed those reported by the trade body ANTAD for the wider retail sector (-2.5%) in quarter three. They increased in formats, but the supermarkets City Market, Fresko and Sumesa stood out, with gro...
24 October 2013
Colombia's Grupo Éxito has reported net revenue growth of 3% for the third quarter of 2013, and EBITDA growth of 8%. Accelerating e-commerce business In line with its plan to strengthen its omni-channel strategy, Éxito announced that it has converted its Tecno Lisboa store in Bogotá into a specialised distribution centre for consumer goods, e-commerce and home delivery.  The store will...
24 October 2013
McKesson, America's largest drug wholesaler, has announced a deal worth US$8.3 billion to acquire Celesio to forge a global market leader. End of speculation Having reached an agreement with Celesio's current owners, holding company Franz Haniel, McKesson's announcement has ended months of speculation surrounding the future of the Germany-based company. The deal sees McKesson acquiring 50....
23 October 2013
Leading north-west regional UK supermarket retailer, Booths has announced that it has acquired fruit & vegetables wholesaler and supplier Sharrocks.  Both businesses are based in Preston, Lancashire, and have had a close commercial relationship running back over forty years. Extends Booths' 'vertical integration' Sharrocks has been a key produce supplier to Booths for many years, with the su...
23 October 2013
Underlining the growing focus being placed in online by retailers in the Netherlands, both locally-based Hoogvliet and Jumbo have been reported to be investigating opportunities to offer shoppers online ordering. Jumbo to launch click and collect solution? Distrifood has reported that Jumbo is looking at offering shoppers the option of buying online and collecting their orders in-store. Accor...
23 October 2013
At yesterday's investor briefing M&S outlined seven ways in which it will grow its food business. Expanding its UK presence With only half of the population within a 10 minute drive, M&S has more potential than many of its rivals to expand sales through new store openings. By opening 150 new stores over the next three years - half of them featuring its full 7,000 SKU strong  offer - M&S wi...
23 October 2013
Latest figures by IGD ShopperVista show that nearly a third of shoppers (30%) are searching online before they go shopping to find which stores are offering the best food and grocery deals. This is a significant jump from the 6% doing so in 2010. Online cherry pickers Almost a third of shoppers are using the internet to look for the best deals, however the proportion of such "online cherr...