Retail and consumer goods industry news

19 May 2021
Alibaba has acquired a 5.5% stake in Masan Group’s The Crown X, which operates WinMart and WinMart+ (formerly known as VinMart). Crown X to partner with Alibaba Lazada With the partnership, the retailer will be able to build its digital capabilities and accelerate the offline to online market in Vietnam. It will also enable the company to establish Vietnam’s first tech-enabled ecosystem and...
19 May 2021
Tesco has decided to axe its Metro small supermarket format following an internal review, according to a report in The Grocer. Stores to becomes superstores or Expresses The changes mean that 89 of the 147 Metros will be rebranded as Tesco Express while the remaining 58 will join the superstores division. The rebranding will take place over the next few months. Shifting shopping habits ...
19 May 2021
Walmart got off a strong start in the first quarter as it continued to experience the impact of elevated at-home demand. We outline its expectations for the year and the differences across its key markets. Walmart's key numbers Walmart's total revenue in Q1 increased by 2.7% to $138.3bn, representing an additional $3.7bn Sales in its US stores increased by 5.0%, with Sam’s Club up 10....
19 May 2021
Magnit has reached an agreement with the Dixy Group to acquire its Dixy and Megamarket stores. The network amounts to 2,612 convenience stores and 39 supermarkets, which are supported by five distribution centers. On the acquisition’s completion, it is forecast to boost Magnit’s 2021 sales of RUB1,780 bn (US$24.1 bn) by up to RUB300 bn (US$4.7 bn), a 17% increase. Magnit closes the gap on X5… ...
18 May 2021
Food-to-go, one of the categories hardest hit by changes in shopper behaviour during the pandemic, has become a key battleground for retailer sales growth.  Retailers are facing tough comparatives against the peak sales of April and May last year and are looking for categories that can boost sales to offset those that will lose ground as hospitality reopens. With people already moving around m...
18 May 2021
Following the initial launch last year, Target is expanding its adult beverages grocery ecommerce service to 29 US states. Same-day delivery and pickup to help compete with quick commerce specialists The roll-out of this service will see Target offer wine, beer and liquor for store pickup, including through its Drive Up service, from more than 1,200 stores. It will offer same-day delivery t...
18 May 2021
Singapore moves to shut down part of the economy in a phase of heightened alert (Phase 2). A gradual tightening from April Singapore had been making good progress in controlling the spread of the virus until April. However, a pattern of local unlinked community transmissions had persisted since the beginning of May. The initial tightening measures include allowing social and workplace gathe...
18 May 2021
The Italian market has been adapting throughout Q1 2021, as lockdown restrictions have eased. Tuodi has launched a new store format, Tuodi Maxi, which focuses on fresh and affordable products. Meanwhile, Gruppo VéGé has partnered with Glovo to provide home delivery in 40 minutes and Coop Italia has introduced a 100% recycled PET water bottle, as part of its sustainable commitments. Italy reduc...
18 May 2021
SPAR International has published sales for 2020 showing it had grown by 7.4% at constant currencies to €39.8 bn. Its performance was driven by its operations in Western Europe, where sales grew by 12% in the 2020 calendar year. SPAR presence continued to grow in 2020… Despite the challenging operating environment, SPAR continued to expand in existing markets and into new ones as well. At th...
18 May 2021
We take a look at the latest news from Waitrose, including the expansion of its partnership with Deliveroo. Closure of rapid-delivery service to focus on Deliveroo Waitrose will be closing its same day delivery service, Waitrose Rapid, by the end of May. The same-day delivery service was first launched in 2018 and allowed shoppers to have up to 25 items delivered from a choice of over 2,000...