News

Retail and consumer goods industry news

08 June 2023
Aldi has confirmed that it will be opening 5 new stores over June and into July these being Southampton, Whittlesey, Norwich, Castle Donington, and Porthcawl. The openings are part of Aldi’s £400m store development plans for this year. It currently has 990 sites across the UK. George Brown, Real Estate Director at Aldi UK, said: “Demand for Aldi has never been higher, and more than two-th...
08 June 2023
We look at a few recent developments in the Bel Paese.  Esselunga opens new hypermarket in Liguria  For its second store in Genoa, Esselunga has opened a new location in San Benigno. The 3,200 sq. m hypermarket is on two floors and features 18,000 SKUs, a large Bar Atlantic, EV charging points in the car park, self-checkouts and several counters. Its offer includes a wine shop with a sommel...
08 June 2023
The Germany retailer has teamed up with Hamburg based drugstore Budni to produce a new Beautybox concept Improving the body care and cosmetics assortment Edeka is piloting a new Budni Beautybox store-in-store in the Edeka E-center in Villingen-Schwenningen, Germany. Taking up 250 square meters of the store, a range of around 8,500 SKU’s is available consisting of a mix of branded and Bud...
07 June 2023
The Vivi Kola product, called Vivi Nova, hit Migros shelves in Zurich last week. The recipe was created by ChatGPT and the design was made with Midjourney, with the help of Unreal Engine  An Artificial Intelligence drink? How does that work?  AI has been a hot topic across the retail industry for quite some time, and there are already several uses for it, e.g. service robots, self-checkouts...
07 June 2023
IGD has issued a new UK food price inflation forecast covering 2023 and 2024. Food price inflation is believed to have peaked at +19.1% YOY in Q1 2023, which is broadly in-line with IGD’s previous forecasts. Inflation is now expected to fall slowly as 2023 progresses, ending the year at +8% to +10% and turning slightly negative in late 2024. Average inflation over 2023 will be +14% to +16...
06 June 2023
Pepco has released its interim results for H1 2023. The group said it had made good strategic progress and maintained a strong trading momentum for the first half of the year. Group like-for-like revenues were up 11.1% (resulting in revenue of £2,839m) with Pepco contributing 15.8% and Poundland Group illustrating 4.9% year-on-year growth. Its total number of stores is up 12% year-on-year to 4...
05 June 2023
Accounts filed with Companies House by Costco’s UK business show its sales grew by 17% over the 12-months to June 2022, with its warehouse and online operations reporting combined turnover of £4,219m. Rapid growth in warehouse sales boosted by fuel While not currently adding further warehouses to its network of 29 UK sites, Costco has been progressively rolling out fuel forecourts to these ...
05 June 2023
Albertsons launched its ‘Signature’ brands in 2016 and has since amassed more than 9,000 products over four sub brands, which generate more than US$8.9 bn annually. The retailer has announced plans to consolidate some of these, which it says will help it to build a deeper connection with its customers. “ We are incredibly proud of our Signature family of brands and by bringing these sub-brands...
02 June 2023
The retailer has expanded its partnership with Instacart to offer 30-minute delivery of 2,000 of its most popular products.   Available from most US stores  The new instant delivery proposition will be available from 2,100 stores, which covers most of Aldi’s store network in the US. The retailer currently has just over 2,300 locations and has been aggressively expanding in the country. The ...
02 June 2023
Spain is a price sensitive market we continue to see retailers taking action to support shoppers purchasing power. Retailers such as M&A, DIA and Uvesco are investing more to implementing initiatives to freeze or cut prices to attract more shoppers during the current economic environment.   M&A discount banner commits to freezing prices Grupo Piedro has launched its M&A discount banner, this ...