News

Retail and consumer goods industry news

12 May 2022
As The East of England Co-op and Heart of England Co-op announce their results for the 2020/21 financial year we look at how they, and other regional co-operatives, have performed. The East of England Co-op sees slight fall in turnover The East of England Co-op’s turnover fell by 0.3% to GB£384.6m in its 2020/21 financial year ending 22 January as shoppers’ buying habits returned towards so...
12 May 2022
As the Co-op launches a new click and collect solution and retailers add or extend quick commerce partnerships, we round up news on the UK’s ecommerce channel. Co-op trials new click and collect solution Co-op has launched a new service at its store in Lewes Road in Brighton, due to it being one of the retailer’s busiest for click and collect orders through its own store and the Deliveroo a...
11 May 2022
Woolworths Group’s payment business Wpay has launched a digital wallet, which it is making available through its Everyday Rewards app. Woolworths looking to speed up the checkout process… To use the solution shoppers will scan a QR code at the beginning of their shop, rather than having to scan their Everyday Rewards card and select a payment method at the end of the transaction, as they do...
10 May 2022
A round up of the latest developments in quick commerce. Unilever has partnered with on-demand automated store operator Robomart to launch a direct-to-consumer (D2C) service. Operators are focusing on expansion plans with Ocado launching its latest Zoom by Ocado site in East London and Zepto raising $200m to expand across India. Unilever signs deal with autonomous store operator Robomart ...
10 May 2022
The latest release from the British Retail Consortium Retail Sales Monitor show that UK retail sales fell 0.3% in April, in spite of the positive monthly performance in food, flattered by the mismatched timing of Easter between 2021 and 2022. With the cost-of-living crisis putting increased pressure on household budgets bigger ticket, non-food sectors such as furniture saw significant declines as...
09 May 2022
Having started to build out a network of smaller format stores in 2015, Target has recently set its sights on reigniting its larger format store development pipeline. This includes developing a new mid-sized format. Recent focus has been on smaller format stores Target opened its first smaller format store, operating originally under the TargetExpress banner in 2014. Over the last eight yea...
09 May 2022
Lotte axes its overnight delivery service for online groceries to prioritise its same-day proposition. Competitor Homeplus reports triple digit growth in its one-hour service in the first quarter of this year.   Lotte ditches overnight deliveries From mid-April, Lotte ceased offering overnight delivery for its online groceries, instead focusing on its two-hour same day slots, reports Aju ...
09 May 2022
Supermarket retailer Morrisons has agreed a deal with administrators to acquire McColl’s Retail Group following a failed attempt to prevent the convenience chain collapsing last week.  Having tabled an improved offer over the weekend Morrisons will now acquire McColl's as a going concern including all 1,165 McColl's stores.  Morrisons has become increasingly involved with the McColl’s business in...
06 May 2022
Asda has launched a new price match initiative against Home Bargains, in a move that demonstrates how much of a threat the fast expanding variety discounter has become to the UK’s third largest grocer. Source: IGD Research Price Matching on over 100 lines Home Bargains Price Match extends to over 100 popular branded lines stocked by the variety discounter. While the focus is v...
06 May 2022
Spanish cooperative Eroski posted gross sales of €5.1 bn during fiscal 2021, a 4.8% decrease on 2020’s figure. The fall was attributed to COVID-19 restrictions, which were in place during parts of 2021. These affected sales at Eroski’s petrol stations, travel agencies, and its operations in tourist regions, such as the Balearics. However, despite the fall in sales, the turnover from food-based...