News

Retail and consumer goods industry news

24 November 2021
Quick commerce pure play Getir has acquired its UK competitor Weezy in the latest consolidation in the fast growing and competitive sector. Meanwhile, Gopuff launched in 10 cities across the UK, driven by the acquisition of Fancy and Dija earlier this year. Getir’s commitment to the UK market Getir, which launched in Turkey in 2015, expanded to the UK in January 2021. In October, it anno...
23 November 2021
Asda has launched a refillable draft beer concept, the first UK grocer to do so, as it extends its refillables trial to another location. Takeaway craft beer offer Located in the beers, wines and spirits aisle at Asda’s Milton Keynes store, the new fixture provides customers with a regularly changing selection of 12 beers from draft beer pumps which colleagues will pour into one or two litr...
23 November 2021
Sainsbury’s has rolled out a Caffe Carluccio’s coffee-to-go solution to a number of stores. The trial builds on the existing relationship between Sainsbury’s and Boparan Restaurant Group , owners of the Carluccio’s brand.  The partnership has already seen Sainsbury’s open Caffe Carluccio’s cafés in the St Albans and Selly Oak stores, a Carluccio’s deli counter in the Leamington Spa store, and T...
23 November 2021
Availability issues Operational labour and HGV driver shortages continues to disrupt food supply chains. Food and consumer good businesses have been hit hard by recruitment and retention challenges in 2020 and 2021. This is resulting in lower order fulfilment levels than normal, meaning there is an impact on availability of some food and groceries. The government has committed to a package...
23 November 2021
Walmart is partnering with Twitter to host livestream shopping as part of a broad programme of similar events this holiday season. The retailer is the first partner for the social media platform in the US for this type of event. Kick-off to Cyber Week This event will feature singer, songwriter and dancer Jason Derulo and will mark the launch of Walmart’s Cyber Week. This is a major sales ev...
22 November 2021
JD.com reported net revenues of CNY218.7 bn (US$33.9 bn) for the quarter ended 30 September, 2021, an increase of 25.5% year-on-year (YoY). Performance surpassing market expectations Highlights of 2021Q3 KPIs (key performance indicators) are: Net revenues: CNY218.7 bn (US$33.9 bn), +25.5%YoY, beating analysts’ average estimate of US$33.54 bn, according to financial data aggregator...
22 November 2021
Major national UK convenience retailer One Stop has reported strong growth in newly filed 2020/21 accounts. Pandemic boosts growth Despite availability challenges at the start of the pandemic, like-for-like sales jumped 15.5% in the year to February 2021 as the Tesco subsidiary gained from the trend towards local shopping during the pandemic. Total revenues however only advanced by 4.1% d...
22 November 2021
Canada’s Metro Inc. delivered a solid performance for fiscal 2021. As lockdowns and restrictions continue to ease it is seeing a switch to pre-pandemic trends. However, one are that is seeing stickiness is ecommerce. We look at some of the initiatives it has underway in the channel. Metro fourth quarter and full year key numbers Q4 sales fell 1.2% to $4.1bn Food same-store sales fell ...
22 November 2021
Italian retailers continue to expand their presence in the market. Codè Crai Ovest is investing to expand its network by 30 stores in early 2022, while ESD Italia is planning to invest €600m to grow its network and Gruppo VéGé has expanded its network by the return of the Coal group to its alliance. Finally, Glovo has partnered with SPAR Italia’s regional operator Maiora to offer shoppers a quick...
22 November 2021
Alibaba Group announced financial results for the quarter ended 30 September, 2021. Total revenue is up by +29% year-on-year, but its CMR (customer Management revenue) up by just 3%YoY. Revenue up by 29%YoY, on track of serving 2 bn consumers globally Revenue  was CNY200.69 bn (US$31.15 bn), an increase of 29%YoY. Excluding  Sun Art , total revenue would have grown 16% YoY to CNY180.44 ...