Retail and consumer goods industry news

16 March 2022
The convenience channel is becoming increasingly competitive in Brazil , particularly in São Paulo. Throughout the pandemic, Brazilians have spent more time at home than ever before, which has led to a rise in new autonomous store formats.  Carrefour is the first major retailer to enter this space and accelerating the expansion of its autonomous stores underpins its convenience strategy thi...
15 March 2022
Iceland has opened its first small format Swift store in London and four more are set to follow over the next six months. The Wembley store has opened exactly one store year after the format was piloted in Newcastle. What’s distinctive about Swift? Swift represent a striking break from Iceland’s established formats, reimagining the retailer’s frozen food strengths within an effective broad-...
14 March 2022
Kroger reported strong sales growth of 4% for 2021, driven by online and fresh food. The retailer has also outlined some elements of its future strategy, including building a world class seamless ecosystem and reinforcing its core food business. 2021 results: online and fresh were key drivers Total sales reached US$137.9 bn in 2021, compared to US$132.5 bn in 2020. On a two-year stack basis...
14 March 2022
7-Eleven is testing a new payment solution at some of its stores in Japan. Not ‘just walk out’ technology, but a virtual touch screen The payment solution still requires shoppers to individually scan their items before paying. However, there is no LCD touchscreen. This has been replaced by a system developed by Toshiba called Digi POS that creates a virtual touchscreen, which projects in fr...
14 March 2022
Morrisons has announced that its CFO Michael Gleeson is leaving the business after eight years at the Bradford-based grocer. Gleeson’s departure comes five months after Morrisons was acquired by US private equity firm Clayton Dubilier & Rice in a £7bn deal. A major contributor to Morrisons Commenting on Gleeson’s decision to step down, Morrisons CEO David Potts said “Michael has made a sig...
14 March 2022
Grab Holdings, Southeast Asia’s ride-hailing and delivery provider, reported a loss that doubled to US$1.1bn in Q4 2021, while SEA Limited that operates Shoppee had net loss that widened to US$616m in Q4 2021. Delivery Hero, which operates Foodpanda, reported losses of US$888m for the full year. SEA expects ecommerce business to continue growing Despite the net loss, its revenue jumped 106%...
14 March 2022
7-Eleven launches 2022 presidential election cups in time for the national elections on 9 May. Special edition cups available across the country The cups come in 22-oz and 12oz sizes for either cold drinks or coffee. They show the names and images of five presidential candidtates: Senator Ping Lacson, Senator Manny Pacquiao, Vice President Leni Robredo, Manila Mayor Isko Moreno, and ex-sena...
14 March 2022
JD.com reports a loss of CNY3.6bn (US$0.6bn) attributable to shareholders and a net income of CNY49.4bn (US$7.8bn) for 2022.   Slowing economic growth China has announced a slower GDP growth of 5.5% this year compared to 8.1% last year. JD.com’s latest results came after Alibaba Group posted its lowest ever quarterly revenue growth, a year-on-year increase of 10% to CNY275.9bn (US$43.4bn). ...
11 March 2022
Sobeys saw same-store sales fall 1.7% in the third quarter as it faced tough comparables from last year. But it continues to grow its margins and improve profitability. What’s behind this performance? Q3 key numbers Total sales up 5.1% to $7.4 bn, reflecting the acquisition of Longo’s Same-store sales (ex-fuel) down 1.7%, but up 8.3% over a two year period Ecommerce sales up 17% Net...
11 March 2022
Consumer prices rose 7.6% year-on-year in February in Spain, the highest level since 1986. The increase in prices was driven by a perfect storm of rising costs across most industries, but especially energy and food. In relation to food, there have been increasing production costs that affect the entire food chain, from farmers to food producers and retailers, which is prompting a steep rise in...