Retail and consumer goods industry news

22 October 2021
RedMart, operated by Lazada, has been operating in Singapore for 10 years. It recently unveiled its 350,000 sq ft West Fulfilment Centre, built at an estimated cost of SGD74m (US$55m). State-of-the- art systems Source: RedMart There are two advanced automated systems that will strengthen operations and allow for future growth, Goods To Person Picking (GTP) and Pick To Light (PTL). G...
21 October 2021
The 13th annual 11.11 Global Shopping Festival is underway. It kicked off with pre-sales at 8pm on Wednesday 20 October. The entire event will last for 23 days to 11 November. This year’s festival will mark a new chapter for the event. Here is why. The largest Festival to date This year marks the largest Festival to date, with a record 290,000 brands participating, including more than 200 l...
21 October 2021
After Carrefour reported third quarter sales rose 4.0% to €20.5 bn, with like-for-like sales up by 0.8%, we look at five key takeaways from the results announcement. 1. Operations in France continue to gain share In its home market, on a two-year basis, Carrefour’s total sales were up by 3.5% in the third quarter, driven by the performance of its supermarkets, convenience stores and grocery...
21 October 2021
What could happen when you combine on-demand delivery with cashierless technologies. Instacart, the leading on-demand grocery delivery service in North America, has acquired Caper AI, an AI-powered shopping cart and checkout technology platform. We consider what this means for Instacart. 1. Broadening out the services it offers retailers This is an interesting move by Instacart, broadeni...
20 October 2021
In reporting a strong first quarter, with organic sales up 4%, following growth of 9% in the same period last year, the company noted that it expects cost headwinds of over $2bn this year. We look at some of the measures it is taking to offset these. Recovering costs over time Based on current estimates, P&G expects a $2.1bn after-tax commodity headwind and freight and transportation to add...
20 October 2021
Morrisons has confirmed that its shareholders have voted to approve the acquisition of the business by US-based private equity firm Clayton, Dubilier & Rice. Over 78% of shareholders voted in favour of the deal which values the UK’s fourth largest retailer at £9.8bn, including more than £3bn of debt. The deal was recommended to shareholders after the CD&R bid narrowly prevailed over a rival bi...
19 October 2021
We review Albertsons’ second quarter performance and the progress it's making against its strategic plan. Q2 key numbers Total revenue increased to 4.7% to $16.5bn Identical store sales increased 1.5%; on a two-year stacked basis identical sales growth was 15.3% Digital sales increased 5%; on a two-year stacked basis digital sales growth was 248% Net income increased 3.8% to $29...
19 October 2021
The planned purchase of Asda fuel forecourts by its sister business, forecourt specialist, Euro Garages (EG) has been abandoned, with a formal announcement ending the process made on 18 October. The proposed deal, worth £750m was launched back in February 2021 just as the Issa brothers, Mohsin and Zuber, owners of EG completed their acquisition of the Asda supermarket business in partnership with...
19 October 2021
2021 has been a busy year for variety discounter Poundland. It launched an online trial, opened its first convenience store banner, and continued to grow its grocery range. The retailer’s evolution shows no sign of slowing down as we head into winter. Fulton Foods transformations Following its acquisition of the frozen food specialist Fulton Foods in October 2020, Poundland continues to c...
19 October 2021
Tesco has opened its first checkout-free store in Central London allowing customers to shop and pay without scanning a product or using a checkout. The rollout of the technology to Tesco High Holborn Express follows a successful trial at Tesco’s Welwyn Garden City Express store which has been in place since 2019.  High Holborn Express has been a cashless store since it opened in 2018. ...