Retail and consumer goods industry news

09 August 2021
Having delivered a solid second quarter performance, the company’s chairman and CEO, Steven Cahillane, outlined some of the actions it is taking to mitigate the higher costs it is experiencing. Industry wide issue The Kellogg Company is not alone in aiming to mitigate the higher costs it is experiencing across a range of areas including commodities, packaging, freight and shipping. In the U...
09 August 2021
In recent weeks there have been operational challenges due to increased number of employees being advised to self-isolate. However, there are sufficient food supplies within the system and the impact on availability has been limited to date. In the latest shopper research conducted for IGD over this last weekend 06-08 August 2021. More adults (56% vs 48% last weekend) claim to have experien...
09 August 2021
Woolworths in Sydney has temporarily closed two stores to help it boost capacity and meet the increased demand for online orders amid the on-going COVID-enforced lockdown in the city. Thousands of more delivery slots will be made available The two stores in Western Sydney, located in Cecil Hills and Fairfield, have been closed to the public and will be used to purely fulfil online orders un...
06 August 2021
It has been announced that Asda chief executive Roger Burnley, who was scheduled to leave the business in 2022, has now stepped down with immediate effect. He had been chief executive at the UK’s number three grocery retailer since January 2018. Transition period now complete Following the acquisition of Asda by the Issa brothers, Mohsin and Zuber, in partnership with TDR Capital Roger Burn...
05 August 2021
The Restaurant Hub is a new joint venture between Boparan Restaurant Group and Sainsbury’s, situated in the retailer’s Selly Oak store.  Launched last week, the food court concept is the latest of several recent partnership initiatives by the two companies who have recently unveiled  Caffe Carluccio’s coffee shop in Sainsbury’s St Albans and  Carluccio’s pizza counter and deli in Sainsbury’s Le...
05 August 2021
Alibaba Group announced financial results for the quarter ended 30 June, 2021. Total revenue is up by +34% year-on-year (YoY), reaching CNY205.7 bn (US$31.9 bn). “ Alibaba started the new fiscal year by delivering a healthy quarter ” Revenue was CNY205 bn (US$32 bn), an increase of 34%YoY. Excluding Sun Art , total revenue would have grown 22% YoY to CNY187 bn (US$29 bn) Annual ac...
05 August 2021
Shinsegae’s grocery retail chain, Emart, has recently signed an agreement to purchase 80% of eBay Korea's shares for KRW3.44 tn (US$3.04 bn). An acquisition that will reshape Korea’s online landscape According to Statistics Korea data, SSG.com (Shinsegae’s online platform) accounts for 3% of total ecommerce transactions in South Korea, whilst eBay Korea accounts for about 12%. This acqui...
04 August 2021
Lidl is reported to be launching a ‘scan as you shop’ service in Fulwell, South London, according to The Grocer. How will it work? Lidl filed a trademark application for ‘Lidl Go’ on July 23 rd , applicable to “self-scanning systems for customers”. The Lidl Go app was then launched on Google Play on August 3 rd and information was displayed on the Lidl website explaining the service would ...
04 August 2021
After a massive sales surge in 2020, leading retailers have been stepping up their refreshment efforts and testing new concepts this year. We look at the latest initiatives at FairPrice and Dairy Farm. FairPrice Finest Gourmet (Balmoral Plaza)   FairPrice Finest is the premium banner from the leading retailer. It has just launched a new format under Finest Gourmet this week. The store has a...
04 August 2021
With people spending more time at home because of the pandemic, Walmex (Walmart Mexico) responded by reprioritising its digital transformation, shifting its investment in to strengthening its omnichannel proposition. In early 2021 it announced its three strategic priorities for the year ahead, of which one was ‘leading in omnichannel’. Here we explore how this is progressing and how the launch ...