Retail and consumer goods industry news

29 April 2022
As discounter DIA continues rolling out its new store concept and franchise model in Spain, the company has published its Q1 2022 results, posting net sales of €1 bn in its home market, 4.2% less than a year earlier. Like-for-like sales decreased by 1.8%, while the company’s store count contracted by 4.6% compared to March 2021. A shrinking store count and market share The last few years ha...
28 April 2022
Despite a quarter of significant disruption Coles has continued to see sales climb in Q3 of its latest financial year, up 3.6% to AU$9,295m. So what can we learn from the latest period? 1. Sales and inflation up, but costs up too...  Q3 was shaped by three disrupting factors; the Omicron variant of COVID-19, floods across South Australia, NSW and Queensland and subsequent knock-on supply ch...
28 April 2022
Sainsbury’s has just revealed encouraging preliminary results but warned of the impact of external challenges on the business in the year. In this article, senior retail analyst Nick Gladding highlights five areas of focus for the new financial year. Results in brief Retail sales: +3.4%, ex fuel -2.6% Grocery sales: -0.2% y-o-y (+7.6% on 2019/20) General merchandise sales: -11.9% (...
27 April 2022
Walmart has doubled the fuel discount available to members of its Walmart+ programme. This comes as fuel prices remain elevated in the US. Making it more meaningful Walmart+ was launched in 2020 offering range of benefits including free online delivery, fuel discounts, and a contactless checkout and payment experience, for an annual fee of $98 a year, or $12.95 per month. Since the launch, ...
26 April 2022
As part of its new “Recipe for Change” Environmental, Social and Governance (ESG) framework, Albertsons has outlined a series of goals, including achieving net zero emissions in its operations by 2040. Recipe for Change framework Albertsons’ framework is based around four pillars: Planet, People, Product, and Community. It will be led by its chief sustainability and transformation officer, ...
26 April 2022
Dada’s autonomous delivery open platform helps offline stores improve efficiency and reduce costs of delivery at the 415 Intra-City Shopping Festival in China. A smart delivery solution empowers quick commerce Dada Group, a leading platform for local on-demand retail and delivery in China, partnered with JD.com, China's leading one-stop ecommerce platform, to organize the 415 Intra-City S...
26 April 2022
The latest release from the insight business Kantar, based on data from its 30,000-strong shopper panel, indicates that in the 12-weeks to 17 April 2022 grocery retail spend in Great Britain fell by 0.6% versus 2020. This is the first time since the beginning of the pandemic that this comparative has been negative, showing once again the impact the first lockdown had on boosting the sector. Com...
26 April 2022
Morrisons and Asda have reacted to the rising cost of living by implementing price cuts on a range of key lines to shore up the loyalty of price sensitive shoppers. Food price inflation hits shopper confidence Rising prices are a huge concern for many shoppers, eroding household disposable income with the impact being most acutely by the least well-off households. All items inflation as mea...
25 April 2022
Providing a further update on its performance following the statement at the end of February, convenience retailer McColl’s has characterised its subsequent trajectory as ‘mixed’. After continued stronger trading in the the first half of March, it reports that business performance then weakened through the Easter period, impacted by reduced consumer spending and continued supply chain disruption ...
25 April 2022
Amazon has launched a $1bn venture investment programme, Amazon Industrial Innovation Fund. Amazon also announced a new service, Buy with Prime, that will enable Prime shopping on online stores outside of Amazon.com. Improvement of employee experience Amazon will use the new fund to invest in companies developing customer fulfilment, logistics and supply chain. The first round of investm...