Retail and consumer goods industry news

20 May 2021
Underlining international interest in the Spanish market, Daniel Kretinsky, a Czech billionaire, has acquired a 50% share of Supratuc 2000, which includes Eroski operations in Catalonia and the Balearic Islands, while Coop Switzerland has purchased GM foods. Meanwhile, Caprabo has renewed its logo and Barcelona-based Sorli has set out its 2020 growth. Daniel Kretinsky acquires 50% of Supratuc ...
20 May 2021
JD.com reported net revenues of CNY203 bn (US$31.0 bn) for the quarter ended 31  March, 2021 , an increase of 39.0% year-on-year (YoY). Annual active users increased by +29%YoY, reaching 500 million “ As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021 ,” said  Richard Liu , Chairman and Chief Executive Officer of  JD.com . “ Sin...
20 May 2021
As part of LloydsPharmacy’s transformation strategy, Community Pharmacy News has reported it has teamed up with Ecrebo, a point-of-sale (POS) marketing company, to enable it to provide personalised offers and savings to its customers. Improving the customer loyalty with targeted engagement LloydsPharmacy is using Ecrebo’s OnPoint Total Receipt Marketing solution to provide shoppers with per...
20 May 2021
Booths is to launch a new in-store wine bar, while it is also partnering with Amazon to supply selected Booths ranges to Amazon Fresh stores in London. Finally, it is also offering customers the option to pick up their John Lewis & Partners orders from selected Booths stores. The new Galley Wine Bar and café According to The Drinks Business, Booths is adding a new wine bar and café in its L...
20 May 2021
Following the opening of its frictionless store with Trigo technology , we round up three further store innovations from the Rewe Group. Rewe and EG Group trial new store concept in Germany Rewe and the EG Group have announced they are to trial a new concept under the Rewe Express brand at four Esso petrol stations in Munich and Freiburg. The first store has opened in Munich, with the ot...
19 May 2021
Walmart got off a strong start in the first quarter as it continued to experience the impact of elevated at-home demand. We outline its expectations for the year and the differences across its key markets. Walmart's key numbers Walmart's total revenue in Q1 increased by 2.7% to $138.3bn, representing an additional $3.7bn Sales in its US stores increased by 5.0%, with Sam’s Club up 10....
19 May 2021
Magnit has reached an agreement with the Dixy Group to acquire its Dixy and Megamarket stores. The network amounts to 2,612 convenience stores and 39 supermarkets, which are supported by five distribution centers. On the acquisition’s completion, it is forecast to boost Magnit’s 2021 sales of RUB1,780 bn (US$24.1 bn) by up to RUB300 bn (US$4.7 bn), a 17% increase. Magnit closes the gap on X5… ...
19 May 2021
Retailers report poor performance in Q1 2021 due to the high base in Q1 2020. Thai stores were still operating as normal in January and February in 2020. Most of the retailers also benefited in March 2020 when shoppers started stockpiling before the first lockdown. Q1 2021 affected by new waves of infection Thailand is fighting a third wave of infections, the worst after a year of relativel...
19 May 2021
Alibaba has acquired a 5.5% stake in Masan Group’s The Crown X, which operates WinMart and WinMart+ (formerly known as VinMart). Crown X to partner with Alibaba Lazada With the partnership, the retailer will be able to build its digital capabilities and accelerate the offline to online market in Vietnam. It will also enable the company to establish Vietnam’s first tech-enabled ecosystem and...
19 May 2021
Tesco has decided to axe its Metro small supermarket format following an internal review, according to a report in The Grocer. Stores to becomes superstores or Expresses The changes mean that 89 of the 147 Metros will be rebranded as Tesco Express while the remaining 58 will join the superstores division. The rebranding will take place over the next few months. Shifting shopping habits ...