USA news

04 May 2021
7-Eleven has opened its eighth Evolution Store in the U.S. This time, the concept features Raise The Roost Chicken And Biscuits and Parlor Pizza foodservice options. First Evolution Store to feature two fast food restaurants Source: 7-Eleven, prnewswire All Evolution Stores include foodservice, but the latest in Manassas, Virginia features two different brands, Raise the Roost Chick...
03 May 2021
Target has emerged as one of the winners of the pandemic in the US. While digital growth accelerated 145% to account for almost 18% of sales last year, its physical store network was central to this, fulfilling over 95% of digital sales. This year, Target will continue to grow its presence across the US with 40 new stores as it continues to enhance its omnichannel strategy. Increasing capex to...
30 April 2021
Amazon's net sales increased by 44% year-on-year (YoY) to $108.5bn, and operating income increased 224%, to $8.1bn for the first quarter (ended March 31). International segment driving growth Amazon’s international segment grew 60%, compared to North America which grew 40%. The international business now accounts for 28% of Amazon’s total sales, versus 25% last year. Amazon continues to lau...
30 April 2021
Following a strong first quarter, with consolidated net sales up 12.7%, Hershey has raised its outlook for the full financial year. Having initially forecast sales growth of 2-4%, it now expects growth of 4-6%. Source: IGD Research 1. New at-home behaviours are forming new traditions Families continue to embrace the at-home lifestyle, with its brands central to game and movie nights...
29 April 2021
Having delivered solid organic revenue growth of 3.8% in Q1, lapping the start of the surge in demand last year (2020 Q1: +6.4%), not only does Mondelez remain confident on the outlook for the full year, but believes it can accelerate its long-term growth rate. 1. Change of business focus unlocking investment dollars From a focus on costs and profit margins, it has switched to focus on top ...
26 April 2021
We review Albertsons’ fourth quarter results, which contributed to an outstanding full year performance, with sales hitting a record $70bn. The retailer plans to press on with its strategic growth and cost savings initiatives, including plans to simplify its supply chain and product sourcing. Q4 and full year key numbers Sales and other revenue increased to $15.8bn, driven by a 11.8% inc...
26 April 2021
Following successful drive-in movie, game day and Halloween events at its car parks last year, Walmart is launching Mother’s May Markets at selected Supercenters in the US. Mother’s Day becomes Mother’s Month With its focus on moms and Mother’s Day, Walmart is launching a month-long series of events, recognising the challenging year many will have experienced due to the pandemic. This inclu...
23 April 2021
First went the shelf-scanning robots, now the pickup towers are being removed or hibernated. What do these changes mean for Walmart’s automation journey? Fanfare and flagships The Wall Street Journal has reported that Walmart is removing or decommissioning around 1,600 Pickup Towers which have been installed within its US stores over the last few years. This follows on from reports last y...
20 April 2021
Having delivered a strong first quarter, with net revenues up 5%, The Coca-Cola Company’s chairman and CEO, James Quincey, highlighted the continued uncertainty in the trading environment, driven by the different phases of the pandemic across different markets. Asynchronous recovery When the pandemic struck just over a year ago, most markets went into lockdown simultaneously. While the impa...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...