Retail and consumer goods industry news

16 December 2021
As the channel continues to benefit from growing shopper interest, we look at developments in Sweden, France and the Netherlands. Axfood partners with online grocery retailer In Sweden, Axfood has partnered with online grocery retailer Mathem as the two parties look to create further synergies and build economies of scale. The strategic partnership will help the two develop their online off...
16 December 2021
Belgium’s Colruyt saw flat sales in the first six months of its 2021/2022 financial year. While its revenue fell by 0.2% to €4.981 bn, the retailer reported its gross margin fell to 26.9%, down from 28.1% in the previous financial year. Market share remained stable after recent falls… Colruyt said its market share in Belgium remained stable at 31.0% at the end of the first half of its finan...
14 December 2021
Ocado Retail has announced a decrease in revenue of (3.9)% to £547.8m in its fourth quarter, 13 weeks to 28 th  November 2021. Declining basket The value of the average basket fell (12)% year-on-year to £118. This year it’s easier to use stores, whilst many shoppers have returned to the office and spent less time at home. Ocado’s growth was also impacted by the UK labour market and a high n...
14 December 2021
In its latest accounts filed with Companies House Booths, the north-west regional supermarket operator, has reported sales of £284m, up 6.1% for the period to 27 March 2021.  In particular the company reported a record-breaking Christmas for 2020 with sales up 11.8%. Boosted by significantly improved annual gross margin up to 12.7% from 9.2%, the retailer also returned to profitability, posting p...
13 December 2021
Costco delivered an outstanding first quarter with total sales up 16.7%. We look at what’s behind this performance and some of the challenges it’s experiencing. Costco Q1 key numbers Total revenue up 16.6% to $50.3 bn Net sales up 16.7% to $49.4 bn Comparable sales (ex-fuel and currency impacts) up 9.8% Comparable sales up 9.9% in the US, 8.3% in Canada and 10.9% in other intern...
13 December 2021
The UK quick service restaurant (QSR) market has seen a number of US-based chains enter in recent years (see our latest QSR sector report for more detail). Some, such as Five Guys, have expanded quickly across the UK due to the high level of capital available for investment the chains have and the advantage of being a well-known brand on entry, rather than having to build brand awareness like...
10 December 2021
The South Korean conglomerate, which owns convenience retail chain Emart24, has joined the race to acquire the country’s fifth largest convenience store chain, Ministop (owned by Aeon Japan). Gives Emart24 a chance to catch up with rival 7-Eleven According to The Korea Times , Emart24 is the only convenience store operator that joined the tender along with local private equity funds An...
10 December 2021
Following the first store opening in Shanghai in 2019, the retailer has opened its second store in China this month. 70,000 pre-registered Costco members before the opening day The new store is in Suzhou, a city in Jiangsu province, about 100 km (62 miles) west of Shanghai. It is famous for its beautiful gardens and traditional architecture. Before the store opening on 7 December, the ...
10 December 2021
Although same-store sales were down 1.3% as it cycled against tough comparables from last year, Sobeys continued to make progress against its Project Horizon growth plan and strategic format initiatives. Q2 key numbers Total sales increased 4.9% to $7.3bn, supported by the acquisition of Longo’s Same-store sales, excluding fuel, decreased by 1.3%, although increased 6.8% on a two-year...
09 December 2021
Walmart is partnering with HSBC and CPD to provide suppliers that with early payment on their invoices based on their sustainability efforts. This is designed to help them unlock investment in sustainability initiatives linked to the retailer’s Project Gigaton. Financing linked to progress on sustainability goals Through Walmart’s Sustainable Supply Chain Finance programme (SSCF), which was...