Retail and consumer goods industry news

29 July 2013
The e-commerce sector in China is booming and set to become the largest in the world. IGD's Head of Asia, Vicky Santini, updates on the key players dominating the market. The e-commerce sector in China is booming and set to become the largest in the world. It already has 214 million online shoppers, more than any other country. By 2015, it is predicated that those consumers will be spending $1,0...
29 July 2013
DIA has revealed "outstanding like-for-like sales growth" (+18%) in its emerging markets as part of its Q2 results announcement, in which it also reported that gross sales under banner grew by 5% (+8.5% in local currency) to €2.93bn.   Gross sales up in H1 For the first half, gross sales under banner were up 3.4% in euro terms, to €5.66bn, and +7.1% in local currency. Net sales were up ...
29 July 2013
Éxito has reported net revenue growth of 4.7% for the second quarter of 2013, attributing the majority of this increase to its local and international expansion plans. Acquisition in Uruguay boosting market share Éxito acquired the La Cabaña supermarket chain in Uruguay in July. The country's ninth-ranked retailer, it will add 1% of market share, according to Éxito. In the home market, É...
29 July 2013
Walmart de México y Centroamérica has reported solid results in Central America and a difficult period in Mexico for the second quarter of 2013. Difficult economic environment in Mexico As highlighted by Oxxo in its results statement, the economic environment in Mexico was weak, with 0.8% economic growth in the first quarter of 2013 compared to 4.9% in the same period of 2012. Poor growth...
29 July 2013
Mexican retailer Chedraui has reported 1.6% growth in consolidated net sales for the second quarter of 2013. Has opened 24 stores over past year Chedraui has opened 16 new stores in the last year in Mexico, and eight in the United States. This meant an increase of 8% in sales area. Same store sales were up 0.2% in the US (dollar terms) and down 4.5% in Mexico. The challenging economic env...
26 July 2013
Ocado deal officially given the “go ahead” The tie-up between Morrisons and Ocado has officially been approved by shareholders, with Morrisons still aiming to launch online by January 2014. The deal will enable Morrisons to use Ocado’s Dordon fulfilment centre in a sale and lease back agreement, while keeping distinct sourcing arrangements. We estimate that this will allow Morrisons to ful...
26 July 2013
Mexico-based OXXO, owned by FEMSA, has announced that total revenues rose by 12.8% during the first half of the year, ending June 2013, to MXN46.5 billion (US$3.7 billion). Pace of sales growth slowed in Q2 The retailer said that total revenue growth in the second quarter was 11.7%, down from 14% in the first quarter. Sales per store rose during the second quarter by 0.9%, aided by a rise in ...
25 July 2013
Investment from retailers in China including Lianhua, Yihaodian and Tesco has recently extended the fresh food offering available to Shanghai's online shoppers. Lianhua launch a broad online offer Lianhua's e-commerce platform LHmart.com which launched on 18 July includes a broad range of grocery products including organic vegetables, a selection of fresh meat and seafood as well as dai...
25 July 2013
With the summer now in full swing, and schools broken up for the next six weeks, we take a look at the mix of promotional angles being used by retailers across the UK. 1. Summer savers Morrisons and Tesco are both offering summer promotions to support their broader value messaging. Morrisons "Hot Deals" cover a wide variety of seasonal and core products, while Tesco is offering a "Sum...
25 July 2013
GNC opens first standalone store Leading global health and wellness retailer GNC Holdings has opened its first standalone GNC store in Shanghai following announcements that it is planning to expand its retail presence in China . Recognises China’s fast growing market GNC is a US nutrition chain offering health, wellness and nutrition products and is dedicated to helping consumers liv...