Retail and consumer goods industry news

24 September 2021
Emart24, the convenience chain of South Korean retail giant Shinsegae, said this month that it will increase the number of “hybrid” semi-unmanned stores that operate without workers late at night. Part of the cost-saving initiative It is part of the initiative to save costs by cutting down manpower. 80% of Emart24’s 5,300 stores are closed or without staff from 11pm to 6am, instead of openi...
24 September 2021
Tesco has pledged to becoming net zero across its value chain by 2050, including those generated by the products it sells and across its supply chains, in line with the United Nations’ objective to keep global warming below 1.5°C. In addition to a new Group-wide net zero target of 2035 for all its own operations Tesco has also committed to a new Group-wide net zero target of 2035 for its ow...
24 September 2021
CP Group will reorganise and merge Makro and Lotus’s chain of stores to create a stronger entity for overseas expansion. A more efficient growth strategy The group operates mostly wholesale stores under Makro, and hypermarkets, supermarkets and convenience stores under Lotus’s. The merger will strengthen the group's business and support long-term strategies to become a leader in the retail ...
24 September 2021
Food delivery platforms are piloting a common acquirer model to support hawkers so they will not need to pay commission or onboarding fees. What is it? Deliveroo, FoodPanda, Grab and WhyQ will be participating in this pilot covering 400 stalls across 14 hawker centres. Hawker centres are open-air food courts in Singapore that typically charge between SGD3.50 (US$2.60) to SGD5 per meal (US$3...
23 September 2021
Aeon might offload the business due to its weak performance and continued profit decline in South Korea. Sales down -4.2%YoY, operating loss US$12m The retailer reported KRW1.79 tn (US$1.5 bn) in revenue for the last fiscal year (from March 2020 to February 2021), a decrease of 4.2%YoY (year-on-year). It reported an operating loss of KRW14.3 bn (US$12m) during the same period. It is the ...
23 September 2021
Sainsbury’s has announced the relaunch and expansion of its same day and one-hour rapid delivery as it evolves its online offer to cater for changing shopper preferences. Relaunch of same day delivery service Sainsbury’s will introduce same day delivery and collection services to 100 more stores by the end of October, so that customers ordering before midday can receive a delivery after 5pm...
23 September 2021
As part of its first quarter reporting, General Mills provided additional colour on three factors driving a dynamic and challenging trading environment and the actions it’s taking in response. Robust first quarter performance First quarter organic sales increased by 2%, while adjusted operating profit fell 2%, a robust performance given the tough comparables from 2020. On a two-year compoun...
22 September 2021
Walmart has developed a new platform to make it easier for shoppers to identify products that are built better for them and for the planet. Icons used to identify two groups of products The new platform is integrated into Walmart.com. Shoppers will be able to quickly identify products that meet independent and authoritative standards for promoting personal well-being and reducing their envi...
22 September 2021
Sainsbury’s has launched lower prices for Nectar app users across a tailored selection of products. Key facts about My Nectar Prices Nectar app customers using SmartShop will be able to access discounts of up to 30% on around 10 product lines personalised to them. Both branded and private label products will be included in the offer The list will be updated regularly to align with ...
22 September 2021
The country is seeing a wholesale store boom. Yonghui opened its first wholesale store in May 2021, it now has 45 such stores. Local retailers are rushing into the wholesale sector, encouraged by Yonghui’s good results Yonghui opened its first wholesale store in May 2021 by upgrading one of its Bravo YH supermarkets in Fuzhou. Within four months, it has upgraded 45 selected stores into wh...