Retail and consumer goods industry news

28 February 2022
Système U saw its turnover, excluding fuel, rise by 2% in 2021, to €22.97 bn. Including fuel, the cooperative saw its turnover increase by 6.6%, to €28.6 bn. Proximity formats and ecommerce drive performance Système U saw the turnover of its convenience stores and online channel underpin its growth, with its hypermarkets and supermarkets growing slower. However, on a two-year basis, Système...
28 February 2022
UK neighbourhood retailer, McColl’s has provided an update on the performance of its business over the first 11 weeks of its 2021/22 financial year (to 13 February). It indicates the availability issues seen in 2021 have seen a tangible improvement, but that the impact of Omicron saw a drop-off in footfall over the Christmas period, and that while demand is now recovering, revenues are current...
27 February 2022
We look at Loblaw’s fourth quarter and full year performance, including the growth of ecommerce, the flight to value and its new sustainability commitment. Q4 and full year key numbers Fourth quarter total revenue increased by 2.8% to $12.8 bn, with retail segment sales up 2.6% to $12.5 bn Food retail same-store sales growth of 1.1% Drug retail same-store sales up 7.9%, with pharma...
25 February 2022
Auchan Retail reported its turnover was down by 1%, to €30.5 bn, or by 2.2% on a like-for-like basis. The retailer said its results were impacted by continued challenges in France, while following strong growth in 2020, Auchan’s results in 2021 in Spain and Portugal ‘ suffered by comparison ’. France: total sales down 2.6%, down 4.6% on a like-for-like basis Auchan’s hypermarkets continued ...
25 February 2022
France’s Casino reported group net sales fell 0.8% in 2021, at constant exchange rates, dragged down by its performance in its home market. On a two-year basis Casino said sales were up 6.9%, although even here sales in France were down, with its operations in Latin America offsetting the challenges it is seeing in its home market. France: all banners suffered fall in sales in 2021… Reporti...
25 February 2022
Target is set to test two enhancements to its curbside pickup service, Drive Up, later this year. In selected markets, customers will be able to add a Starbucks order or make a return through the service. Making it easy for shoppers When the Starbucks feature becomes available, shoppers will be able to place an order via the Target app from the coffee chain’s menu. A Target Drive Up team me...
24 February 2022
In an article in Le Figaro, Michel-Edouard Leclerc has discussed the retailer’s performance in 2021, saying it had seen revenue growth of 3%. Growth in 2021 comes after a contraction in 2020 Revenue growth of 3% in 2021 follows on from a contraction of 0.8% in 2020 in France, to €40.9 bn, excluding fuel. The company’s 2020 results were impacted by challenges at its hypermarkets, which suffe...
24 February 2022
As SberMarket announces its full year results and its parent company Sber and X5 discuss their on-going cooperation, we round up news about grocery ecommerce from across the region. SberMarket tripled turnover in 2021 in Russia… SberMarket, which is part of the Sber ecosystem, reported its turnover tripled to RUB58.6 bn (US$732.8m) in 2021, including VAT and excluding promotions. The comp...
23 February 2022
Woolworths Group has reported HY results for the period ending 2 January 2022, with sales up 8.0% to AU$31,894m, but EBIT down 11.0% to AU$1,382m. We pull out our top five learnings… 1. COVID and new revenue streams skew the big picture Woolworths Group CEO, Brad Banducci, described the period as ‘one of the most challenging halves’ for the retailer. A focus on customers, team and the broad...
23 February 2022
AF Blakemore, the SPAR distributor for the midland England and Wales, has opened its refurbished company-owned convenience store in the Welsh university town of Aberystwyth, which now features a new multi-brand takeaway food concept entitled ‘Eat Some …’ This comprises six hot food counters each serving menus based around complementary takeaway formats. All proprietary concepts developed and o...