Retail and consumer goods industry news

06 May 2013
Walmart has launched a TV and digital advertising campaign to demonstrate how it helps US shoppers to save money, creates career opportunities, generates efficiencies and works with manufacturers to help deliver lower prices. Focusing on the opportunities driven by saving money The initiative, which also includes a new website, therealwalmart.com, features a TV ad where Walmart uses its ow...
06 May 2013
Loblaw has launched a new fully-digital loyalty program, PC Plus, in Ontario Loblaws banner stores. PC Plus: our view This program will provide Loblaw with an additional layer of insight on its shoppers which will enable it to focus on building loyalty and generating higher spend levels from its most loyal shoppers. It also provides the retailer with a platform with which to engage its sh...
03 May 2013
InRetail Perú Corp, operator of Supermercados Peruanos, has reported consolidated revenues up 8.5% for the first quarter of 2013; supermarket revenues were up 7.2%.  New stores driving sales growth across formats InRetail Perú Corp operates pharmacies and shopping centres in addition to grocery stores, although supermarkets account for the majority of retail revenue.  The group said new store...
03 May 2013
For many, Walmart is considered to be the stereotypical big-box retailer, a reputation that has been earned based on its core domestic operations. In some respects, it is a well-deserved reputation, with over 4,000 Supercentres operating in the US. However, as the focus of new openings at home shifts towards smaller format supermarkets, over the last five years the retailer has built a signifi...
03 May 2013
Costco has received planning approval to open its first depot in the Australian state of Queensland. Decision signals entry into fourth state Member club cash and carry operator Costco has been given planning to open its first depot in Brisbane. The development will see the retailer enter a new state, building on its existing coverage where it already has stores in ACT, New South Wales and...
03 May 2013
Chris Bush, Tesco's UK managing director, has discussed his plan to drive UK performance by making Tesco a brand of choice or its shoppers in an interview with Retail Week. Challenging backdrop Tesco recently reported its UK trading profit fell 8.3% to £2.27bn, despite last year's £1bn investment, and Philip Clarke has said there is still much to be done, although he is pleased with...
02 May 2013
Spanish co-operative retailer Consum increased turnover by 0.6% in 2012, but profits were down 9.8%.  Investment in logistics, price and stores Consum attributed the results to significant efforts to adjust prices, invest in expansion and maintain competitiveness in a difficult economic context. The co-operative invested almost €83m in 2012. This went towards store openings (30), and renova...
02 May 2013
Loblaw’s first quarter retail sales increased by 3.4% to $7.0bn, with same-store sales up 2.8%. Over the same period, net earnings increased by 40.2%. Retail and supply chain investments starting to deliver These results from Loblaw represent one of its strongest quarterly performances for a number of years. They demonstrate that the investments which have been made in the retail operation...
02 May 2013
Indian retail group Shoppers Stop has reported a 17% rise in gross retail turnover for the year ended 31 March 2013.  Continues to expand footprint Shoppers Stop opened seven new stores in the final quarter of the year, taking the total to 55 across 24 cities; these include non-grocery formats.  Commenting on the results, group MD Govind Shrikhande said "We have witnessed a stable envir...
02 May 2013
India's Supreme Court has rejected a petition against FDI in multi-brand retail, saying that as a policy it did not suffer from any constitutional or statutory infirmity.  "Consumer is king" says court According to reports, the Supreme Court said the decision to allow FDI had a legal basis in a previous act.  It welcomed what it called the focus on benefiting the consumer by " enlarging ...