Retail and consumer goods industry news

04 May 2022
Marks & Spencer (M&S) launched an impressive new concept store in a former Debenhams department store site. The M&S ‘store of the future’ was opened on the Roaring Meg retail park in Stevenage on Thursday 28 April 2022. The 75,000 sq. ft M&S store overs two floors, with the food hall, women’s clothing and a beauty department on the ground floor and homeware, baby and kids wear, an opticians, a...
03 May 2022
Despite the impact of omicron and flooding across Australia, Woolworths has reported sales growth of 9.7% to AU$15,123m for the 13 weeks ending 3 April 2022. The retailer is outpacing Coles in Australia, but what else do the results tell us… Australian Food sales up 5.4% to AU$11,432m Although time periods are not directly comparable, growth of 5.4% compares to that of 4.2% reported by Cole...
03 May 2022
Amazon's net sales increased by 7% year-on-year (YoY) to $116.4bn and operating income decreased (59)% to $3.7bn for the first quarter (ended March 31). International business in decline Sales from Amazon’s international segment declined (6)% YoY, compared to North America which grew 8% YoY. Both the International and North American segments delivered an operating loss of ($1.6)bn and ($1...
03 May 2022
According to a report by The Wall Street Journal, Couche-Tard and EG Group could potentially merge, with the latter valued at around US$16bn. Where do the two businesses overlap? The convenience market in the U.S is highly fragmented, with approx. 150,000 stores trading. Couche-Tard is the second largest operator with about 7,150 sites, while EG has approx. 1,700 stores. The merger could he...
29 April 2022
Publix has become the first US grocery retailer to partner with Instacart to use the company’s new nano-fulfillment solution, Carrot Warehouses. 15-minute delivery The on-demand delivery company, Instacart, repositioned itself earlier this year as a retail enablement company. This saw the launch of the Instacart platform , which includes what it describes as a "nano-fulfillment solutio...
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, ...