Retail and consumer goods industry news

18 August 2021
Coles has released its FY21 results with sales up 3.1% to AU$38,562m and EBIT up 6.3% to AU$1,873m. In a year described by the Group's Chairman as 'marked by extrodinary community and business challenges', Coles delivered sales and EBIT growth across all business sectors.  A year of two halves and bumps in the road The phasing of Coles' financial year (July-June) has meant that COVID-19 saw...
18 August 2021
We went to see newly opened Russian discounter Mere in Preston to see what the first UK store had to offer. More about Mere Mere is part of Svetofor, owned by Russian retail group Torgservis. There are approximately 3,200 Mere stores around the world , with the majority in Russia and Central Asia and under 100 in Europe. The retailer’s first UK store opened on 14 August in Preston on a ...
17 August 2021
With another strong quarterly performance, Walmart has lifted its outlook for the full year, including anticipating global ecommerce sales of $75bn this year. Walmart's key numbers Walmart's total revenue in Q2 increased by 2.4% to $141.0bn, representing an additional $3.3bn in sales Sales in its US stores increased by 5.3%, with Sam’s Club up 13.9% (+7.7% ex-fuel) US ecommerce sal...
17 August 2021
El Corte Inglés has launched its Toys that Care for the Planet shop-in-shop in 70 stores, as Lidl Spain opens its largest urban store in Madrid. Separately, Sánchez Romero has expanded the reach of its online channel nationwide, while Consum reveals its achievement of reducing sugar, salt, and saturated fats in its private label range and, finally, Gadisa announced its sales grew 9.9% compared in...
17 August 2021
Gopuff, a quick commerce pureplay in the US, has announced it has acquired Dija, marking its entrance into France and Spain, and further presence in the UK. International growth strategy Gopuff launched in 2013 and provides on-demand delivery of household products, medication, food and drink, operating nearly 450 sites across North America and Europe. This includes nearly 300 micro-fulfilme...
17 August 2021
In recent weeks there have been operational challenges due to employees being advised to self-isolate. However, there are sufficient food supplies within the system and the impact on availability has been limited to date. In the latest shopper research conducted for IGD over this last weekend 13-15 August 2021. A similar number of adults interviewed over the weekend (54%) experienced sho...
17 August 2021
South Korean ecommerce giant Coupang has announced financial results for the April-June period. The New York-listed company recorded US$4.48 bn (KRW5.22 tn) in revenue in Q2, compared to US$4.2 bn in Q1 and up 71% year-on-year. Active customers up by 26% YoY Coupang said the number of its active customers, defined as those who have bought goods at least once in the first quarter, reached ...
17 August 2021
Delivery Hero, a German food delivery giant with operations across Europe, Asia, and the Middle East, is selling its local food delivery app in South Korea named Yogiyo to GS Retail, a Korean convenience store chain. GS Retail owns a 30% stake GS Retail has confirmed that it has partnered with two private-equity firms to buy Delivery Hero’s food delivery app, Yogiyo, in a deal valued at KRW...
16 August 2021
US-based Albertsons has launched a suite of new digital experiences including a Deals & Delivery app, the relaunch of its loyalty programme and the introduction of a new subscription service, FreshPass. Deals and Delivery app The new and refreshed programmes have been designed to create more enjoyable and convenient experiences for Albertsons’ customers. At the heart of this is a new Deals & ...
16 August 2021
Profi Romania continues to develop a store portfolio that caters to the different needs of shoppers. Profi’s food-to-go improving Profi is beginning to roll-out what it internally calls its ‘Monaco’ concept, bringing new value to its customers. One of the key highlights is the introduction of a fiiGO café, which offers food-to-go options such as pizza, hot dogs, pastries, and desserts. From...