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Convenience news

21 September 2023
Announcing its interim results for the first six months of 2023, Co-op has reported sales in its food retail division down by 8.9% to £3,563m. This was substantially the result of the disposal of its fuel forecourt estate of 129 sites in late 2022. Excluding this impact, underlying sales grew by 4%. Total group sales (including life and financial services) were also impacted by the disposal, fall...
14 September 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Don’t miss our key insights Hypermarkets and supermarkets channel 2023   – We explore where hypermarket and supermarket growth will come from at both regional and country levels, utilising our extensive global research to present examples from the retailers leading the way N...
13 September 2023
Acquiring the McColl's convenience business saw Morrisons gain almost 1,000 sites which it is steadily converting into its Morrisons Daily format. The goal is to have thousands of Morrisons Daily stores operating around the UK. Source: IGD Research: Strategic outlook for Morrisons Image source: Morrisons Daily LinkedIn Morrisons continues to secure new wholesale agreements and str...
11 September 2023
GS25 Music & Beer Festival just ended after touring four cities in Korea. Through combining with Korean popular culture, this retailer has successfully showcased their brand image and connections with the younger generation. In this article, we will delve into the key areas of inspiration it gave to fellow retailers and suppliers. What was the festival about? Since 2017, GS25 has been hosti...
07 September 2023
We review the retailer’s first quarter performance, including four initiatives driving growth and efficiencies. Q1 key numbers Total merchandise and service revenues increased 5.0% to $4,275.8m Road transportation fuel revenues fell 21.5% to $11,235.2m, reflecting lower fuel prices Same-store merchandise revenues increased by 2.1% in the US, 6.4% in Canada, and were up 2.7% in othe...
07 September 2023
SPAR UK has announced that Louise Hoste is to leave the symbol group, with her last day in-post on Friday 8 September.  No immediate successor or interim is yet in place but the search for a replacement is now underway. Architect of ‘Joy of Living Locally’ branding Since joining SPAR UK as MD in 2019 Louise Hoste has piloted the organisation through the challenges of the pandemic and overha...
07 September 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Don’t miss our key insights Global discount trends 2023 – we look at five trends that will shape the discount channel globally in 2023, utilising our extensive global research to present examples from the retailers leading the way Navigating global private label growth: trends ...
07 September 2023
Tesco Ireland has revealed significant investment plans for the remainder of its current financial year. As reported by NamNews, Tesco Ireland will spend €80m opening eight new Tesco Express stores with plans to refurbish 50 other outlets. Tesco Ireland Chief Operating Officer, Geoff Byrne, said the €80m investment was a “fairly significant step-up from what we have been spending. But that...
04 September 2023
We highlight seven takeaways from our recent trip to the Polish capital. Auchan takes on Zabka with its first autonomous store Auchan has teamed up with Israel based tech company Trigo to produce the retailer’s first autonomous store, Auchan Go. The store combines camera technology and scales integrated into the shelving to monitor items selected by shoppers, after they have authorised a...
30 August 2023
Co-op has a long heritage of sustainability and ethical credentials through the recognition of their commitment to Fair Trade and environmental improvement and reducing environmental impact, delivering that for the shopper and to the benefit of the planet. Showcasing the Co-op Sustainability strategy at the Co-op Trade Briefing from IGD on 14 September, Guy Stuart, Director of Technical, Agric...