Retail and consumer goods industry news

21 June 2021
Since the start of the pandemic, Brazilian retailer GPA, part of France’s Casino Group, has shown impressive agility in responding to changes in consumption habits. The surge in online shopping has accelerated its digital and omnichannel strategies, which it continues to evolve at an impressive pace. In Q1 2021, the number of GPA customers using ecommerce grew by 60% year-on-year, and the numb...
21 June 2021
Online has been one of the fastest-growing channels in recent years, and particularly during the pandemic. Shoppers’ expectations – and technology – are changing quickly. This means new ecommerce models are emerging, with some becoming more prominent than others. We’ve identified 10 ecommerce models to watch, reviewing their strengths and weaknesses, and key developments to expect. In this ...
21 June 2021
Following the launch of its first membership-only store in Shanghai last year, Alibaba has opened two more X stores this month. Using the Shanghai store as an example, we highlight several features that are unique to the banner. High-tech cross-border section The highlight of the store is its cross-border section, bringing a brand-new shopping experience to the customers. Its nicely deco...
20 June 2021
Morrisons has rejected a takeover proposal from US private equity group Clayton, Dubilier & Rice, saying that it undervalues the business and its future prospects. Bid undervalues business and prospects A statement was issued in response to reports from Sky News and the Financial Times that CD&R was considering a possible cash offer for the UK fourth largest retailer. In its response, Morri...
18 June 2021
South Korean ecommerce giant Coupang has made its first international foray in neighboring Japan, a move that was supported by investor SoftBank. Offering its delivery service in Tokyo as a pilot project Coupang is testing its delivery service in selected locations in Tokyo. Same day delivery service will be available in the Nakanobu area as of this month. The company is now well establi...
18 June 2021
As the 18-day annual grand promotion came to a close, JD.com announced today that it has achieved total transaction volume of over CNY343.8 bn (US$53.28 bn), a 28% year-on-year increase. Strong performance from JD Super JD.com shared they have seen strong purchasing power during the festival and its fresh grocery and FMCG continue to drive growth. “ Some categories peaked during COVID-19...
18 June 2021
Tesco has report small advance in sales in its first quarter results as it annualises against the surge at the start of the pandemic. Investing in online, delivering on value and driving loyalty will be key priorities as the business looks forward. 13 weeks ended 29 May 2021   £bn One-year LFL Two-year LFL ...
18 June 2021
The acquisition of Asda by the Issa Brothers and TDR Capital has finally been approved by the UK’s Competition and Markets Authority. Clearance for the deal comes after the regulatory body indicated last month that it would accept a plan to sell off 27 forecourts to satisfy competition concerns. While the deal was completed earlier this year it still needed approval from the CMA which had raised ...
17 June 2021
Building on an existing partnership with DroneUp, Walmart is investing in the company to support its work in developing a scalable last-mile delivery solution. Earlier this year, it invested in self-driving company, Cruise. Flights over people and moving vehicles Walmart and DroneUp partnered last year to launch trial deliveries of at-home COVID-19 self-collection kits. Since the launch, se...
17 June 2021
The world in 2030 will look very different to today. The way people shop for their food and consumer goods is changing rapidly. Traditional store operating models are coming under significant strain. COVID-19 has both highlighted challenges and accelerated trends within our industry. We believe retailers and suppliers need to work harder to evolve store formats so they reflect these changes. I...