Retail and consumer goods industry news

12 October 2021
Watsons, the flagship health and beauty banner of the A.S. Watson Group, is partnering with Breast Cancer Welfare Association (BCWA) Malaysia. They will drive together breast cancer awareness through the Watsons Positively Pinktober campaign. It includes encouraging customers to submit their recorded dance using steps from their breast self-examination, as well as discounts on participating produ...
11 October 2021
Availability issues Operational labour and HGV driver shortages are continuing to create challenges for supply chains. Food and consumer good businesses have been hit hard by recruitment and retention challenges in 2020 and 2021. This is resulting in lower order fulfilment levels than normal, meaning there is an impact on availability of some food and groceries. Shortage of HGV drivers has ...
08 October 2021
With Q1 net organic sales down 0.4%, as it faced tough comparables from last year, the business is heading into the key trading seasons facing several cost and supply chain headwinds. However, it has increased its outlook for full year as it expects at-home demand to remain elevated.  Consumer demand trending ahead of its original expectations The decrease in organic net sales was driven by...
08 October 2021
Lotte, one of the country’s main grocery retail chains, has launched Project Zero, with the aim of using alternative sweeteners to produce sugar-free products. Sugar-free has become a mainstream trend According to Korea Bizwire, COVID-19 has heightened people’s interest in health and wellness. Food companies and retailers are increasingly looking to use alternative sweeteners to reduce the ...
08 October 2021
Metcash has announced that Doug Jones will succeed Jeff Adams as the CEO of Metcash in Australia. Significant retail and wholesale experience Doug Jones is the existing CEO and senior vice president of Massmart Wholesale in South Africa and will take over as Metcash CEO on 1 February 2022. It will be the second time in less than a year that we have seen a senior executive move from a South ...
08 October 2021
Coles has taken the decision to close all of the butcher counters within its stores and will instead rely on pre-packed products. New consistent category operating model Through its ABC format strategy Coles has been becoming more selective in terms of the counters it deploys in-store in recent years. In lower performing stores or those in low affluence locations, it has been striping out c...
08 October 2021
Seven & i Holdings, Aeon and Lawson have posted their H1 results for the period ended August 31, 2021. Summary and our view The performance of Japan’s leading retailers in H1 have showed further signs of recovery. More shoppers are beginning to return to stores, while average baskets sizes are declining compared to elevated figures last year. Overall sales, especially from convenience st...
08 October 2021
In view of the wholesale store boom in China . We take a look at how Costco has performed in the country since its high-profile market entry in 2019. First year sales reached CNY2 bn (US$310m) Costco opened its first China store in Shanghai in 2019. That store achieved sales revenue of CNY2 bn (US$310m) in the first year. Because of COVID-19 restrictions (e.g. social distancing and contr...
08 October 2021
Mexican business Jüsto was established in 2019, as the countries’ first pureplay (100% online) grocery delivery business. It launched with an ambitious aim to disrupt the grocery industry in Latin America and within its first two years raised an impressive US$100m venture capital investment. On Tuesday 5 October, Jüsto announced it had formed an alliance with Rappi, Latin America’s lar...
08 October 2021
Reliance Retail has announced that it would be rolling out 7-Eleven convenience stores in India. This news has come just two days after Future Retail ended a similar deal with 7-Eleven. First 7-Eleven stores will open in Mumbai this month Andheri East in India’s financial capital of Mumbai will have the first 7-Eleven 24-hour convenience store on October 9, followed by a rapid rollout in ot...