News

Retail and consumer goods industry news

01 February 2023
The latest release from Kantar, based on data from its 30,000-strong shopper panel, indicates that, in the 12-weeks to 22 January 2023, total till roll consumer spend in Great Britain rose by 7.6%, matching the growth rate seen in the previous period. Inflation reaches another record high Grocery price inflation over the four-week period to January 22 stood at 16.7%, an increase of 2.3 pe...
01 February 2023
Shoprite’s results for the half year ending January 1 st 2023 show despite the challenges the retailer faced, it was a good end to the year. Key figures Total Group (including supermarkets and LiquorShop) : sales +16.8% to R106.3bn   Supermarkets (including LiqourShop) : sales +17.5% to R85.1bn Like-for-like sales +11% 191 net new stores were added over the previou...
01 February 2023
Coop Danmark announced it is consolidating stores from three banners under one new brand as part of its new strategy, “The Coop of the Future”. Merging of store banners As part of Coop’s new strategy, it is merging the largest stores from its Kvickly, SuperBrugsen and Irma banners into one new chain. The stores will trade under the ‘Coop’ banner and, according to the retailer, it will becom...
01 February 2023
Metcash has announced Scott Marshall, CEO of its food business, will be leaving the company after 30 years of service. Strong management team in place Marshall will be pursuing another career opportunity. Marshall was CEO of the food pillar for the past five years, and CEO of the liquor pillar. He will assist with a smooth transition while the search for a successor  takes place. It is exp...
31 January 2023
Cooler Screens, which has created one of the world’s largest in-store digital media and merchandising platforms for retail, is taking its technology beyond chilled aisles to other areas of the store in a major expansion drive. Initial focus on chilled drinks Cooler Screens has been able to transform doors on chilled units in stores into digital IoT smart screens, enabling the delivery of re...
31 January 2023
After the stationery and greetings card retailer Paperchase collapsed into administration, Tesco has revealed that it has acquired the brand and its intellectual property. The acquisition does not include and stores or physical assets and the stores are expected to cease trading.  Tesco managing director of home and clothing Jan Marchant said: “ Paperchase is a well-loved brand by so many, and...
31 January 2023
Tesco has revealed some proposed changes to its business to “ ensure we remain focused and competitive in a fast-changing market. We continually review the way we operate to make sure we are meeting customers’ needs and supporting colleagues in a sustainable way. This means doing more of what works and stopping or simplifying where we need to, so that we’re running our business as efficiently as ...
31 January 2023
Home Bargains has acquired the variety discounter retailer Quality Save. This was completed on 26 January. Quality Save has 21 stores in the north of England. These will now become part of the Home Bargains estate. Quality Save was already well connected with Home Bargains, with latter's products supplied to Quality Save. Quality Save also shares very similar branding and, in some cases, the same...
31 January 2023
Tesco has begun 2023 with a flurry of new sustainability initiatives in packaging and farming, as it strives to hit its environmental objectives. Private label tea bags to go plastic-free Tesco has started the move to make all its tea bags compostable via food caddies and local authority recycling. The move means all tea bags sold by Tesco will be compostable by the summer, which equates to...
31 January 2023
JD.com failed to grow in the countries in the face of tough competition in Southeast Asia. Challenging growth conditions JD.com did not provide reasons for its exiting of Indonesia and Thailand. JD.ID was launched in 2015 with Provident Capital, while its Thailand platform was launched in 2017 with Central Group. JD offered both direct sales and marketplace models in the countries. It also ...