Retail and consumer goods industry news

07 March 2022
Costco’s net sales increased 16.1% in the second quarter, maintaining its strong pace of growth despite tough comparables from last year. Against this backdrop of growth, we look at how it is navigating cost and supply chain challenges. Q2 key numbers Net sales increased 16.1% to $50.9 bn Comparable sales (ex-fuel and currency impacts) up 11.3% in the US, 12.4% in Canada and 9.0% in o...
07 March 2022
The principal UK wholesale buying group, Unitas has announced that Aoife Kenny will take up the position of Commercial Director in September this year.  She will step into an enhanced role covering both trading and commercial functions to back fill the gap that will be left by the retirement of John Baines, the group’s veteran trading director. Extensive experience in roles throughout the rout...
07 March 2022
Amazon will close all 68 of its physical bookstores, 4-star stores and Pop-Up stores in the US and UK. First store opened in 2015 Amazon opened its first physical bookstore in 2015. It then launched its 4-star concept in 2018, offering a range of products which were all rated 4 stars or better on Amazon.com. The retailer had 32 4-star stores in the US and one in the UK, which launched in...
04 March 2022
Variety discounter Poundland has acquired online retail business Poundshop.com for an undisclosed amount. Who is Poundshop.com? Poundshop.com was founded in 2014. It has over 400,000 customers across the UK. The company employs 65 colleagues and is located close to Poundland’s head office in the West Midlands. Poundshop.com sells branded consumer products priced between £1 and £5 and ...
04 March 2022
A group of leading UK grocers has joined forces to launch a Refill Coalition to co-design and develop innovation refill solution The Refill Coalition brings together M&S, Morrisons, Ocado and Waitrose & Partners with supply chain solution specialists CHEP. The group was convened by Unpackaged, a pioneer in zero waste retail business models. The Coalition will explore how key food staples (e...
03 March 2022
Poland’s leading retailer Biedronka and the Jeronimo Martins group were among the first retailers to react to the Ukraine crisis. Netto Poland and Circle K are also supporting refugees entering the country. All these retailers are showing their support during this difficult time for the people of Ukraine. Donation of €7 million for humanitarian aid Jeronimo Martins announced it will donate ...
03 March 2022
In addition to humanitarian concerns, the crisis in Ukraine has wide economic and commercial implications for the food and grocery industry, since both Ukraine and Russia are major producers and exporters of grain and vegetable oils. Russia is also the world’s leading exporter of fertilizer. Expect further inflation Events have already impacted global prices for oil and gas and this is ha...
03 March 2022
Retailers in Asia have been revamping their loyalty programmes in the last year. We review two retailers’ programmes and the key changes they have made. Big C Thailand: Big Card to Big Point Big C Supercentre is rebranding its customer relationship management (CRM) programme to attract more shoppers. According to Big C, having a loyalty programme has become the second most important factor ...
02 March 2022
We look at Target’s latest results and its strategic update which included details of how it plans to sustain its growth post-pandemic. Key numbers Q4 total revenue up 9.4% to $31.0 bn Fourth quarter comparable sales increased 8.9% with comparable store sales up 6.9% and digital comparable sales up 9.2% More than 95% of sales fulfilled by its stores Net earnings increased 11.9%%...
02 March 2022
City officials in the Netherlands and USA are creating legislation that will impact expansion plans and delivery times, while retailers are expanding their partnerships with quick commerce operators. I also round up some of the latest activation I’ve seen from quick commerce pure plays Gopuff and Getir, including a focus on loyalty and seasonal events. Legislation impacts growth In the N...