Retail and consumer goods industry news

06 August 2013
800 convenience stores by 2015 Recognising the increasing significance of its convenience business, which now accounts for 70% of total sales, the new name is believed to better reflect the underlying strategic direction of the business. The retailer is on track to hit its target of 800 convenience stores by 2015 thanks to the ongoing acquisition of stores and the conversion of some newsagen...
06 August 2013
This week will see Tesco open a new family restaurant concept at its remodelled 'destination format' Coventry Arena Extra store. Introducing new restaurant trail called 'Decks' The new restaurant called Decks will highlight real and wholesome British food and feature three 'decked' food service areas, focused on breakfast, carveries and pastries. It is understood that the new concept at Cove...
06 August 2013
Chilean retail group SMU is to divest some of its businesses, including 40% of supermarket chain Monserrat and 100% of the Peruvian wholesaler Mayorsa. Group aiming to reduce debt The holding company, controlled by Chilean businessman Alvaro Saieh, hopes the sale will raise between USD300m and USD400m to reduce its debt. The announcement follows denials last week that such a sale was immi...
06 August 2013
Retailers in the UK had their best July since 2006 as the heatwave and sporting success helped boost consumer confidence, according to the latest figures from the British Retail Consortium (BRC). Retail recovery gaining traction UK retail sales were up 2.2% on a like-for-like basis from July 2012, when they had increased just 0.1% on the previous year. Total retail sales were up 3.0%, ...
05 August 2013
Waitrose has announced that it first half sales have broken the £3bn barrier and bolstered its food quality reputation through the purchase of The Good Food Guide. Impressive first half In the 26 weeks to July 27th, sales increased by 11.0%, excluding petrol (+8.7% including petrol). Commenting on the achievement Waitrose managing director Mark Price said sales growth had been significantly...
05 August 2013
Following an 11% increase in sales for the first half, we take a look at Waitrose's formula for success as it grows ahead of the market... Waitrose grows ahead of the market Waitrose has grown by 37% since 2008, compared with the market average of 14%. Indeed, today brought the announcement from Waitrose managing director Mark Price that sales had exceeded £3bn in the ...
05 August 2013
Latin America's a region of great and diverse natural beauty, vibrant cultures and larger than life personalities - the late Hugo Chavez of Venezuela to name but one. But there's more to it than carnivals and salsa. Here are three reasons why consumer goods companies should keep an eye on the region... 1. Expanding urban populations Ever heard of a megalopolis? It's a city home to more than...
05 August 2013
The Co-operative has announced a major overhaul of its standard private label tier, which will be renamed "Loved by us". 700 lines relaunched by Christmas The "Loved by us" branding will initially launch in stores in September, covering food-to-go, ready meals, pies and pizzas. The Co-operative plans to have reintroduced 700 lines by Christmas, with the remaining 1,800 standard tier ra...
05 August 2013
Sir Stelios Haji-Ioannou, founder of budget airline Easyjet, plans to take on discount retailers with the launch of his own budget food store - Easyfoodstore.com. Pilot site in Croydon Plans for a pilot site in Croydon have been announced for the Easyfoodstore concept, which will see it open on the ground floor of a nine-storey building that EasyGroup has bought and is also expected to hou...
05 August 2013
Leading South Korean retailer Shinsegae plans to invest KRW 2.5tn (USD 2.3bn) this year to support growth amid weak domestic demand. Investment will boost retailer's performance and create jobs in South Korea Leading retailers including Shinsegae are fighting to achieve growth in a difficult trading climate. The South Korean market is undergoing a period of low consumer confidence and ...