Retail and consumer goods industry news

26 June 2013
In an interview with the Africa Report, South Africa-based Shoprite’s executive director, Christo Wiese, discussed the retailer's outlook on growth on the continent. Wiese urges caution on Africa's outlook Despite the general point of view that Africa's opportunity has arrived and companies should invest, Weise struck a note of caution, saying: “ It is not easy. In Africa, you don't have shop...
26 June 2013
Walmart has named Ramnik Narsey as interim head of its business in India, replacing Raj Jain, according to reports. No reason given for departure of Jain Mr Jain has been with Walmart for seven years and been head of the Indian operation for six of those. Reports have not given any reason for his departure. Walmart optimistic about future in India According to a statement, Mr Narsey...
26 June 2013
Coop Italia has officially named Marco Pedroni as president at its AGM, replacing Vincenzo Tassinari. Will head a three person team Mr Pedroni formerly headed the Consumatori Nordest co-operative. He will take charge of a management team which includes Marcello Balestrero as vice president and Maura Latini as general manager. Private label played key role in 2012 sales Coop also r...
26 June 2013
Musgrave Group has announced that it will be working with Symphony EYC to maximise retail space shelf. Automated space planning Musgrave will now use Symphony's space planning and planogram automation to generate planograms for its independent retailers. It will be using the technology in addition to existing solutions as it looks to optimise allocation of product within its stores. Th...
25 June 2013
The Irish market continues to challenge traditional multiple retailers as shoppers continue to flock to discounters, according to the latest data from Kantar Worldpanel, for the 12 weeks to 09 June.   12 weeks to 10 June 2012 (% share) 12 weeks to 09 June 2013 (% share) Sales growth (Y-o-Y %) Tesco 28.6 27.7 -3.4 Dunnes 22.4 21.9 -2.7 Su...
25 June 2013
Juan Luis Durich, CEO of Consum, has said the co-operative plans to increase sales by 3-4% in 2013, in an interview with Spanish press. Customer focus will help boost sales This target is a step up for Consum, given that it reported sales growth of 0.6% for 2012 . Mr Durich, quoted in InfoRetail, said the 2012 results were excellent, taking into account the efforts Consum had made to abso...
25 June 2013
Midlands Co-operative has launched its first smartphone app. View food offers The new app will allow customers to locate their nearest Midlands Co-operative food store, florist, funeral home, post office, fuel station or car dealership. Customers will be able to search for stores based on their postcodes, or using their current locations. As well as using the app to locate their local ...
25 June 2013
Tesco has launched its online grocery home shopping service in Shanghai, completing a rapid roll out of the service to all of its major Asian markets, excluding India. Launch in inner Shanghai with further expansion planned From 25 June 2013 Tesco will have online shopping live in all of its major Asian markets of South Korea, Thailand, Malaysia and now China. The service will initially be...
25 June 2013
Magnit is in talks to form a partnership with Rosneft to operate stores on its forecourts, according to press reports. Potential joint venture Although the deal is yet to be confirmed, it is thought that the joint venture between Magnit and Rosneft will see Magnit convenience stores opening at Rosneft’s 1,800 petrol stations. Increase sales and maintain market leader position As...
25 June 2013
German wholesaler Lekkerland Group has reported sales up 1.1% for 2012, and is closing its Romanian, Czech and Polish businesses. Increased sales and earnings in 2012 Good earnings in Germany and the sale of subsidiary company Convenience Concept boosted earnings in 2012 to the tune of +58%. Sales in Germany, Belgium, Switzerland and Spain were all up but fell in the Netherlands and Austria...