News

Retail and consumer goods industry news

09 July 2021
Leading US-based quick commerce company, Instacart, has appointed Fidji Simo as its new CEO, effective August 2. We look at her background, what she brings to the role, and some of the key challenges ahead. Facebook veteran Simo joins Instacart from Facebook where she was vice president and head of the Facebook app. She has overseen its development over the last ten years, including News Fe...
08 July 2021
Walmart, along with H&M Group, Ingka Group (IKEA), and Kingfisher plc, are launching a new climate change initiative to accelerate movement in the retail industry. More for retail to do The ‘Race to Zero Breakthroughs: Retail Campaign’ initiative has been developed to encourage other retailers to set out their plans to achieve 1.5 degree aligned carbon reduction targets. In partnership with...
08 July 2021
As Casino renews its partnership with Deliveroo and partners with Google Cloud and Accenture, we round up these and other innovations from the business. Casino renews partnership with Deliveroo… Casino has renewed its partnership with Deliveroo, which began in 2020 and will now last for an additional two years. The increased collaboration between the two companies will be at three levels. F...
08 July 2021
7-Eeven has opened its 1,000 th and 3,000 th stores in Hong Kong and the Philippines, respectively.  Celebrating 1,000th store in Hong Kong 7-Eleven is celebrating the milestone by inviting customers to play its Instant Win Game. From 30 June to 13 July, customers spending HKD20 (US$2.6) or more can scan the QR code on the receipt and match up the icons in-store. Prizes include 7-Eleven H...
08 July 2021
Walgreens Boots Alliance (WBA) reported a growth in sales of 12.1%, 10.4% on a constant exchange basis, to US$34 bn in its third quarter. Performance by division Retail Pharmacy USA Sales increased by 5.1% to US$28.7 bn compared to Q3 2020 Comparable sales increased by 6.4%, with comparable pharmacy sale up by 8.4% Comparable retail sales grew by 1.7%, driven by mass personal...
08 July 2021
The two companies have gained Taiwan’s Financial Supervisory Commission (FSC) approval to roll out electronic payment services in all stores. Intensifying competition in the e-payment sector PXPay Co Ltd and All Win Co Ltd, which is 67 percent owned by FamilyMart, have been granted approval in June to launch the services, according to Taipei Times. The two firms would be allowed to offer...
08 July 2021
Local trade publication Distrifood has reported that Netherlands-based Jumbo has begun a collaboration with Makro to sell part of the latter’s business-focused range through its own website. Collaboration to add almost 1,000 new SKUs Jumbo will add almost 1,000 SKUs from Makro exclusively at the web site address Jumbo.com/zakelijk. The additional products will help it target the needs of sp...
08 July 2021
Global food brands and a group of European supermarkets have teamed up with top food and environmental scientists to pilot front-of-pack environmental scores on food products from September. Who’s involved and how will it work? Among the major food brands involved in the pilot are Nestlé, Tyson Foods and Mash Direct.  As well as UK supermarkets Sainsbury’s, Co-op and M&S, Spanish supermarke...
07 July 2021
Canada's leading retailer, Loblaw, has opened its first Real Atlantic Superstore format in over a decade. We look at the concept which features the latest conventional neighbourhood model décor. Built for the future This is a new build store, located in a growing community within the Halifax Regional Municipality. It is expected to experience sustainable population growth for many years to ...
06 July 2021
North America’s grocery retailers* added over $100bn in sales last year as the pandemic caused a surge in demand and a shift from out-of-home to at-home dining. We compare this to previous years and identify some of the key winners in 2020. More growth than the previous three years combined Combined sales of over 40 of the region’s largest retailers increased by $103.6bn last year. This i...