Retail and consumer goods industry news

21 May 2021
South Korean convenience store chain GS25 has announced to open three stores in Ulaanbaatar, the capital of Mongolia, in the first half of this year. Signed a franchise agreement with Mongolian company Shunkhlai The launch in Mongolia marks GS25’s second international expansion after Vietnam. The company signed a franchise agreement with Mongolian company Shunkhlai, under which GS25 will re...
21 May 2021
We round up the latest initiatives and developments from South Korea’s convenience retailers, covering topics such as beauty & cosmetics, green environment, subscription service and COVID-19.  Beauty & Cosmetics: CVS as a new sales channel Convenience stores are emerging as a new channel for cosmetics products: GS25's cosmetics sales up +18.2% vs. 2019 CU's cosmetics sales up +6.7%...
20 May 2021
As Target delivered another blockbuster quarter, with sales up over 20%, we look at how improving shopper confidence and mobility is driving its growth. First quarter key numbers Total revenue increased 23.4% to $24.2bn Operating income increased 407% to $2.4bn Comparable sales up 22.9%, with comparable store sales growth of 18.0% and comparable digital sales growth of 50% ...
20 May 2021
In an interview in Retail Week, Asda’s chief customer officer, Preyash Thakrar discussed how Asda wants to adapt its stores to become retail destinations for shoppers. Partnerships to play key role in future Thakrar highlighted the success it was seeing with its partnerships with third party retailers like Accessorize, B&Q, Fragrance Point, Decathlon, Music Magpie, and The Entertainer. The ...
20 May 2021
Underlining international interest in the Spanish market, Daniel Kretinsky, a Czech billionaire, has acquired a 50% share of Supratuc 2000, which includes Eroski operations in Catalonia and the Balearic Islands, while Coop Switzerland has purchased GM foods. Meanwhile, Caprabo has renewed its logo and Barcelona-based Sorli has set out its 2020 growth. Daniel Kretinsky acquires 50% of Supratuc ...
20 May 2021
JD.com reported net revenues of CNY203 bn (US$31.0 bn) for the quarter ended 31  March, 2021 , an increase of 39.0% year-on-year (YoY). Annual active users increased by +29%YoY, reaching 500 million “ As we mark JD.com’s 18th anniversary, we are pleased to deliver another strong quarter of growth to kick off 2021 ,” said  Richard Liu , Chairman and Chief Executive Officer of  JD.com . “ Sin...
20 May 2021
As part of LloydsPharmacy’s transformation strategy, Community Pharmacy News has reported it has teamed up with Ecrebo, a point-of-sale (POS) marketing company, to enable it to provide personalised offers and savings to its customers. Improving the customer loyalty with targeted engagement LloydsPharmacy is using Ecrebo’s OnPoint Total Receipt Marketing solution to provide shoppers with per...
20 May 2021
Booths is to launch a new in-store wine bar, while it is also partnering with Amazon to supply selected Booths ranges to Amazon Fresh stores in London. Finally, it is also offering customers the option to pick up their John Lewis & Partners orders from selected Booths stores. The new Galley Wine Bar and café According to The Drinks Business, Booths is adding a new wine bar and café in its L...
20 May 2021
Following the opening of its frictionless store with Trigo technology , we round up three further store innovations from the Rewe Group. Rewe and EG Group trial new store concept in Germany Rewe and the EG Group have announced they are to trial a new concept under the Rewe Express brand at four Esso petrol stations in Munich and Freiburg. The first store has opened in Munich, with the ot...
19 May 2021
Retailers report poor performance in Q1 2021 due to the high base in Q1 2020. Thai stores were still operating as normal in January and February in 2020. Most of the retailers also benefited in March 2020 when shoppers started stockpiling before the first lockdown. Q1 2021 affected by new waves of infection Thailand is fighting a third wave of infections, the worst after a year of relativel...