Retail and consumer goods industry news

11 February 2013
Booths has begun matching the prices of popular products with its main rivals through a new Price Promise mechanic. Focus on key lines Through Price Promise, Booths will match the most frequently occurring non-promotional prices of Asda , Tesco , Sainsbury's and Waitrose on commonly purchased lines. The scheme will cover branded and private label lines including fruit and vegetable...
11 February 2013
Caprabo is to open four new stores in Cataluña in February, one in each of the region's provinces. Reinforcing leadership in Cataluña The new stores, all franchised, will open in Sant Boi de Llobregat (Barcelona), Vilobí d'Onyar (Girona), Rosselló (Lleida) and Vila Seca (Tarragona).  They will take the retailer's overall store numbers in Cataluña to 276. Franchising is key part of expan...
11 February 2013
Walmart de México y Centroamérica has announced changes in its supermarkets and speciality stores divisions, as part of moves to simplify the organisation structure. Long-standing Walmart executives moved to new roles Renzo Casillo has been named executive vice president and CEO of Walmart  Supermarkets in Mexico .  His responsibilities will include the Bodega Aurrerá, Walmart Supercente...
11 February 2013
Tesco has launched a new premium section to its website under the title 'The Foodhall at Tesco'. Looking to attract premium customers The new webpage on Tesco.com is designed to bring a more premium option to both 'foodie' customers and those with specialist dietary requirements. The page has been designed to deliver a premium look and feel and currently features products from six special...
11 February 2013
Having promoted Joseph Magnacca to Executive Vice President on February 1st, Walgreens has announced his departure from the company. Critical role in company strategy The final role held by Mr Magnacca before his departure was that of President of Daily Living Products and Solutions. Joseph Magnacca was credited with being the driving force behind the Duane Reade urban model which included...
11 February 2013
According to reports in Wirtschaftsblatt, Rewe’s Austria-based Billa subsidiary is going to slow the pace of expansion for its ‘Billa Box’ brand in the country. New stores to be added, when opportunities arise The company had previously stated, in 2011, that it wanted to add 10 stores annually until 2015, with a target of operating at least 50 new outlets. However, as of February 2013 the com...
11 February 2013
Superunie, a Netherlands-based buying group, has announced that it will begin selling a new entry level private label range under the brand name ‘OK €’. Range to cover 200 staple products Superunie said that the range would cover 200 staple products to meet shoppers’ everyday needs. The company said that ‘OK €’ would sit alongside members’ existing entry level private label ranges, but en...
11 February 2013
At IGD we keep a close eye on innovation and developments in our  industry.  Here are our latest top picks from around the world.  McCain multi-sensory bus stop ads When McCain launched its new Ready Baked Jackets, it created 3D bus stop adverts containing heating elements. As people activated them, they released  the smell of slow-baked jacket potatoes. The posters were located at bus  shel...
07 February 2013
We look at the strategic priorities for leading European retailers - Carrefour, Lidl & Schwarz (Schwarz Group), Tesco, Auchan and Aldi - in 2013's difficult economic environment, and how they are driving growth.   Carrefour: will 2013 be a year of stabilisation? Carrefour’s new management team has launched initiatives to turn around its performance, including selectively exiting internati...
07 February 2013
Brazilian drugstore operator Drogaria Onofre has been acquired by the US chain CVS Caremark, for an undisclosed amount.  CVS's first international acquisition This acquisition was hinted at in local US media back in December 2012, when the press said that CVS could buy a stake of around 80% in the Brazilian chain.  CVS's chief executive, Larry Merlo, was quoted: "We view Brazil as an a...