Retail and consumer goods industry news

09 June 2021
Asia’s largest retailer Seven & i Holdings is also a key global player. It’s one of the world’s leading convenience retailers, with more than 72,000 stores in 2020. The convenience format, including flagship brand 7-Eleven, accounts for more than half of group revenue. Below, we outline its four strategic priorities to help you plan your growth strategy with this dynamic group. 1. Stre...
09 June 2021
B&M's results for the 52 weeks to 27 March 2021 show strong performance in both the UK and France. Growth was driven by new store openings and sales in non-grocery categories. Key group financial figures for FY21 Group revenues increased by +25.9% to £4.8bn  Gross profit +36.8% to £1.76bn B&M UK and Heron Foods see strong growth against FY20 B&M UK revenue £4.07bn +29.9% ...
09 June 2021
Following a five-week pilot programme, Albertsons is partnering with Fetch Rewards on a national roll-out, covering all 20 banners and over 2,200 stores. 7m active users Fetch Rewards is one of the fastest growing loyalty and rewards apps in the US. Since launching in 2017, it has been downloaded almost 19m times and has almost 7m active users. Through the app, shoppers have access to savin...
08 June 2021
Alibaba’s cross-border online marketplace Tmall Global has announced the launch of the UK and Ireland edition of ‘Go Global 11.11 Pitch Fest’, a virtual event designed to help international brands grow their businesses globally. Starts accepting applications from 8 June in the UK and Ireland Following the success of Pitch Fest 2020 in the U.S., the programme will be opened up to British and...
08 June 2021
Private label’s value share has risen in 10 out of 18 European countries in the last three years according to PLMA. In volume terms, its share has increased in 12 markets. This demonstrates the growth potential and opportunity for private label in western Europe. Four trends that are driving private label innovation across the region include: Spotlighting value Hero categories...
08 June 2021
L’Oréal has teamed up with TikTok to test its in-app shopping feature. New and exciting ways to shop beauty  TikTok recently announced plans to work with brands in Europe to offer users an easy-to-use in-built shopping experience. L’Oréal is the first beauty brand to work with TikTok to trial the feature with its Garnier and NYX Professional Make-up brands. Customers in the UK and Irel...
08 June 2021
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) shows that, benchmarked against May 2019 UK retail sales were 10% higher in May than two years ago.  The reopening of non-food stores from mid-April provided a particular boost to the non-food sector, where categories such as clothes enjoyed a significant surge as shoppers took the opportunity to get back in stor...
08 June 2021
Last September, the retailer shared plans to open its first flagship store in Thailand in 2021 with its joint-venture partner CP ALL. However, the plans have changed, and it will only sell products through its partner. Adjusting business strategy to fit demand The retailer’s planned to open stores between 200-300 sq. m., with 20% of the products under the Guardian brand. The company is focu...
08 June 2021
After the acquistion of Tesco Lotus, CP Group has been transforming its stores in Thailand and Malaysia. Tesco Lotus Express stores, rebranded as Lotus's Go Fresh, is more focused on focuses on fresh produce and meat than before. In this article, we focus on the key changes and what it means for the retailer. A new look Lotus's Go Fresh stores are between 300-500 sq.m. Its first flagship co...
07 June 2021
Speaking at the DbAccess Global Consumer Conference, Judith McKenna, President and CEO, Walmart International, outlined how Walmart adopts best practice technologies between various markets to activate its ‘Strong local businesses, powered by Walmart’ strategy. Refining its global footprint Over the last year, Walmart  has continued to refine its international operations, ensuring a st...