Retail and consumer goods industry news

12 August 2021
The French multinational retailer is planning to sell its Taiwan business, which is valued at US$1.9 bn. It might consider selling its operations in Poland, Italy, and Argentina as well. The sale is to kick off after the summer According to a report from Reuters, Carrefour has hired Morgan Stanley to run the sale, which is to commence after the summer. Carrefour has approached several poten...
12 August 2021
In our recent store visit report , we explored Boots’ new travel store in Edinburgh Airport and recently launched store in St James Quarter. We also visited its refurbished store in the Gyle Shopping Centre, featuring newly a transformed beauty hall. In this article, we highlight three ways these Boots stores are innovating to attract, engage and inspire shoppers. Showcasing recent beauty ...
12 August 2021
Asda has invested in digital foodservice start-up Lean Kitchen Network (LKN) and plans for a four store shop-in-shop trial as it forges ahead with imaginative initiatives to drive growth at its larger stores. What does LKN do? LKN is a specialist in developing on trend eateries by partnering with large hotel operators, restaurants and pub chains to transform under-utilised kitchen space. It...
12 August 2021
Kroger announced a new partnership with Kitchen United to add ghost kitchen to its supermarkets. Leading with fresh by offering quality and freshly prepared meal As part of its strategy to lead with fresh , Kroger is accelerating its development with freshly prepared meal solutions. The retailer announced a new partnership with meal delivery specialist Kitchen United to add ghost kit...
11 August 2021
Sobeys’ Quebec-based IGA business has invested a majority stake in Ricardo Media to accelerate the brand’s development. Building on existing partnership Founded in 2002, Ricardo Media is a food media company, operating a leading magazine with one million readers, a daily television programme and an online presence that generates 5.4m visits per month. In 2011, the company launched a range o...
11 August 2021
With pet ownership hitting a record high in the US, Target has launched a new private label pet food range, Kindfull. Quality and value The Kindfull range of dog and cat food has been developed over the last year. The retailer set out to bring to market a proposition at the intersection of quality and value. The range has been created with no artificial colours or preservatives, and no whea...
11 August 2021
Finland's Kesko has grown its market share by 5% since 2014 and doubled its operating margin since that time too. Its hypermarkets and supermarkets account for 60% of grocery sales. As is the case in much of Europe, Kesko’s large stores have outperformed other physical store channels during the pandemic. Hypermarket sales grew by 13% in 2020, while supermarket sales increased by 9%. K-Citym...
11 August 2021
A.S. Watson Group, the retail division of CK Hutchison, has released its unaudited financial results for the first six months of the year ending 30 June 2021. Easing of lockdowns and reduction of store closures have driven growth Total revenue of the world’s largest international health and beauty retailer has grown by 12% due to the gradual easing of restrictive lockdowns around the world ...
10 August 2021
The UK Takeover Panel has ruled that Clayton, Dubilier & Rice, the private equity group that launched the original bid for Morrisons, should have additional time to consider whether to launch an improved bid for the retailer following an increase in the offer from Fortress Investment Group which has been recommended to shareholders. Last Friday, Fortress improved its offer for the business thr...
10 August 2021
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) shows that UK retail sales grew by 6.4% in July, boosted by a progressive return of shoppers to physical stores for non-food purchases. Non-food sales in store grew by 64.9% over 2020. Clothing was the biggest single growth category, contributing around two thirds of the total market uplift in the month. Food ...