News

Retail and consumer goods industry news

08 April 2013
Swiss discounter Denner is allowing customers to determine the prices of various products via an online voting system which it is calling 'social discount'. Denner CEO: 'We want to give consumers a voice' Denner's social discount website is a step on from parent company Migros'   social media site Migipedia, which offers the chance to comment and make suggestions on the products it sell...
08 April 2013
Magnit is planning an aggressive expansion plan, opening almost 10,000 stores within the next five years. Convenience stores a focus The retailer is aiming to double the number of convenience stores that it operates to 12,000, and to boost the number of drugstores to 4,000. It also plans to increase the number of hypermarkets to 500 - almost quadruple its current total. Investment i...
08 April 2013
As part of its 40th anniversary year, leading UK wholesale buying group Landmark has launched a three-week promotion for retailers offering its 40 best-selling Lifestyle private label products at wholesale prices that guarantee 40% profit on retail on all these lines.  Beginning on the 1st April, the '40 Great Groceries' promotion runs until the 20th. 30% POR guarantee ongoing plus cash back sup...
08 April 2013
Waitrose has announced that sales in the week before Easter hit a new record and were the highest weekly sales outside the Christmas period. Biggest ever week outside Christmas Total sales (excluding fuel) for the week ending March 30th were £140.7m. This represented a 33.9% increase on the same week of last year and a 14.8% increase on last year's Easter week. Record sales at Waitrose.c...
08 April 2013
Celesio has opened a new concept pharmacy store in Ireland under the Lloydspharmacy brand. Flagship store for Ireland The new concept stores have already been rolled out in the UK and Italy as part of a major realignment of Celesio’s retail profile and it’s plan to become “the leading pharmacy brand in Europe”. The opening of the new store in Blackrock, Co Dublin is to be the flagship...
08 April 2013
Following the addition of 200,000 sq ft of new space to its estate in the first three months of 2013, Morrisons has set itself a new three year target of expanding its sales space by 2m sq ft. Focus on the south Key openings of the quarter include: The first two Morrisons M local stores in London (at Ealing and Hornchurch), taking the total to 14. These are well located to be supplied f...
05 April 2013
Target’s first stores in Canada have their official launch today. The 24 stores in Ontario soft-launched over the last three weeks enabling the retailer to test systems and processes, including its supply chain. Food and grocery less critical in driving traffic in Canada The official launch of these stores is marked by its first promotional flyer.  Target's private label general merchand...
05 April 2013
Nisa's new symbol fascia, Loco has passed the 50 store mark. Fascia for smaller independent retailers The new fascia, which was introduced in February 2012, was developed with independent retailers to enable those with smaller shops to benefit from  being part of a symbol group. Retailers who become members of Loco have access to a free fascia, smaller and more frequent deliveries and a...
04 April 2013
Discount retailer Aldi has launched its first 'convenience' store in London. A more direct move into the convenience market The store, a former Peacocks unit in Kilburn, North West London, is approximately half the size of a typical 15,000 sq ft Aldi . The move by Aldi to open smaller stores in high footfall locations, and close to transport hubs in London, will boost competition with Sa...
04 April 2013
Retailers Yonghui and CP Lotus report differing full year results, but both highlight the importance of greater centralisation in order to grow profits in 2013. Yonghui continues rapid growth Yonghui reports a strong performance, with total revenue growing 39.2% to CNY24.5 bn (US$3.9 billion)in 2012. Profit grew 8% to CNY502 m (US$80.1 million). In 2012 the retailer opened 47 new stores...