Retail and consumer goods industry news

22 January 2013
At the company's recent annual meeting held in Chicago, Walgreens confirmed to shareholders that it will continue to push the envelope of traditional drugstore retailing. Moving forward, the company will focus on three growth areas, one of which is directly related to the strategic partnership with Alliance Boots. Positioned for long term growth The three strategic objectives identified by...
22 January 2013
Last week we were given the opportunity of a guided tour around Tesco’s new Extra store in Woolwich, South East London. The store displays many of the impressive initiatives that the retailer has introduced to its business since implementing its £1bn investment plan in the UK last April, but also showcases some new areas of thinking, which we are likely to see develop further in 2013. Ext...
22 January 2013
Indonesian convenience retailer Alfamart has raised its stake in competitor Alfamidi to 54.6% in a deal worth IDR 964.4 billion (USD 100m). Alfamart realising the great potential of Indonesia's convenience channel Convenience is the fastest growing channel in the Indonesian market. Alfamart is a leading operator in the channel, alongside Indomaret and PT Hero's Starmart. Alfamart's la...
22 January 2013
SPAR UK has introduced Amazon collection lockers in nine of its stores with further lockers planned for the future. Driving sales through loyalty and increased footfall The decision to put Amazon lockers in its stores makes SPAR one of the first symbol groups to capitalise on consumers' changing shopping habits.  The move follows the announcement last August by Amazon to launch a nationw...
22 January 2013
According to reports in French trade press publication Lineaires, Carrefour has opened a hybrid hypermarket/cash and carry format in Spain with discount prices. Trading under the Supeco banner, the format takes learning from the successful Atacadao format in Brazil. Discrete trial in price conscious market According to reports Carrefour has been testing a family focused cash and carry / hype...
22 January 2013
As the retailer looks to reinvigorate growth in its liquor formats in 2013, Coles has launched a new private label brand into the beer category. Three ales all with their own Aussie personality Coles has entered the craft beer market with the launch of its own private label branded beer. The new Steamrail Brewing Company brand has the slogan of 'Ale with a Tale', claiming that behind every...
22 January 2013
Ocado has announced that Sir Stuart Rose will become chairman from March 2013, taking over from Lord Grade who retires after six years service. High profile return for Sir Stuart Commenting on his appointment, Sir Stuart said: "as retail goes through a fundamental shift into the digital world, I believe Ocado's model and the high standards of customer service it provides will see it emerge ...
22 January 2013
Erivan Karl Haub has resigned as chairman of Tengelmann's advisory board, and two other long-standing board members have also left office, meaning the board no longer includes members of the group's founding family. Replacement chairman yet to be chosen Mr Haub has stepped down upon reaching the age of 80.  He was CEO of the Tengelmann Group for over thirty years until 2002.  The other me...
22 January 2013
India's Reliance Industries Limited announces outstanding results for its retail division with turnover growing over 44% to Rs 7,749 (USD 1.4bn) in the first nine months of the year. Coinciding with this news, the company outlined plans to consolidate its eight retail units. Strengthening its multi-format portfolio The company highlighted a strong start to the festival season and improved pr...
22 January 2013
Carrefour’s franchisee for the Middle East, North Africa and Central Asia, Majid Al Futtaim, has announced that sales through its Retail division rose by 8% during 2012. Sales aided by growth in store numbers During 2012 Majid opened seven hypermarkets and seven supermarkets, bringing its total store base to 90. The new stores helped drive sales growth by 8% to AED17.8 billion. In the compa...