Retail and consumer goods industry news

01 June 2021
This year, the NACS Convenience Summit Europe is being held virtually across three days. We round-up the highlights from day 1, covering global strategic issues, quick commerce and e-mobility by NACS President & CEO Henry Armour, Maxol CEO Brian Donalds, Shell EVP Retail Istvan Kapitany and others. What keeps the convenience retail industry up at night The results from the NACS Global Issue...
31 May 2021
Speaking at its first Force for Good investor event, General Mills’ chief financial officer, Kofi Bruce, outlined how its force for good mission is being integrated across the organisation and plays an important role in driving long-term shareholder returns. Accelerate Strategy Being a force for good is a central pillar of General Mill’s ‘Accelerate Strategy’, along with boldly building bra...
31 May 2021
Grab has partnered with HAO Mart to launch a next-day delivery service as part of its strategic expansion of GrabMart. More convenience and wider range of products GrabSupermarket will provide over 5,000 products from HAO mart, including meat and poultry, vegetables, frozen food, dry goods and instant foods, dairy products, condiments, snacks, drinks and non-food essentials. This will be ex...
28 May 2021
Despite facing tough comparables from last year, Costco’s third quarter revenue increased over 20%. We look at what continues to drive an outstanding performance from the leading warehouse club operator. Costco Q3 key numbers Total revenue up 21.5% to $45.3bn Net sales up 21.7% to $44.4bn Comparable sales (ex-fuel and currency impacts) up 15.1% Comparable sales up 15.2% in the U...
28 May 2021
One of the major impacts of the COVID-19 pandemic has been the shift of economic activity from major urban, or city centres, into more suburban areas. Over the last year this has been driven by a range of factors including lockdown restrictions, company work from home policies and limited social, sporting and events opportunities. With the crisis easing in many geographies in line with the vac...
28 May 2021
Amazon has launched miniTV, a free, ad-supported video streaming service within the Amazon shopping app. Available within Amazon’s app miniTV streams content across web-series, comedy shows, tech news, food, beauty and fashion. It is free to use and does not require a separate app, unlike Amazon’s Prime Video service which also requires a Prime subscription. Amazon said in a blog post: ...
27 May 2021
As Instacart launches a new 30-minute delivery service in the US, we consider the prospects for shorter delivery times in the market. Service initially available in 15 cities Instacart is rolling-out the new ‘Priority Delivery’ service to customers in more than 15 of the largest cities in the US, including Chicago, Los Angeles, Miami, San Diego, San Francisco, and Seattle. It will initially...
27 May 2021
Sainsbury’s has officially launched ‘Help Everyone Eat Better’ as its new brand strapline as part of a wider drive to make sustainable diets accessible for everyone. The move, first announced in February, will also see the retailer retire its long running ‘Live Well for Less’ slogan. In November Sainsbury’s will be the Principal Supermarket Partner of the UN’s international climate change confere...
27 May 2021
CVS Health released positive first quarter results and announced plans for its Beauty Mark initiative, which is aimed at boosting positive self-image and beauty inclusivity. Subdued growth for Retail/LTC segment compared to other segments Total revenue across all segments increased by 3.5% to US$69.1 bn (Q1 2020: US$66.8 bn). Operating income and adjusted operating income increased by 3.4% ...
27 May 2021
French grocery retailer Auchan Retail is considering selling its stake in hypermarket chain RT-Mart in Taiwan, marking the last step of its exit from Asia. A deal worth US$300m to US$400m According to a report by Bloomberg, Auchan Retail, the largest shareholder of RT-Mart in Taiwan, is seeking to selling its stake in the chain. Its 65% stake in RT-Mart is expected to sell for US$300m to US...