Retail and consumer goods industry news

17 June 2021
Building on an existing partnership with DroneUp, Walmart is investing in the company to support its work in developing a scalable last-mile delivery solution. Earlier this year, it invested in self-driving company, Cruise. Flights over people and moving vehicles Walmart and DroneUp partnered last year to launch trial deliveries of at-home COVID-19 self-collection kits. Since the launch, se...
17 June 2021
The world in 2030 will look very different to today. The way people shop for their food and consumer goods is changing rapidly. Traditional store operating models are coming under significant strain. COVID-19 has both highlighted challenges and accelerated trends within our industry. We believe retailers and suppliers need to work harder to evolve store formats so they reflect these changes. I...
16 June 2021
Belgium-based Colruyt reported its annual results for its 2020/21 financial year saying its turnover rose 3.7% to €9.93 bn. The results were impacted by its fuel distribution business DATS 24, which saw a fall in revenue, with Colruyt reporting revenue increased by 6.4% in the year excluding the effects of fuel. Colruyt grew below market average in 2020/21 The retailer said its food banners...
16 June 2021
Amazon announced it has opened a new Amazon Fresh store in Bellevue, Washington which will feature the retailer’s Just Walk Out technology. First full-size grocery store to feature the tech The new Amazon Fresh store is 25,000 sq ft. It is significantly larger than Amazon’s stores that have opened to date which feature the Just Walk Out technology. For example, its Amazon Go Grocery store t...
16 June 2021
Carrefour, as part of its 2022 Transformation Plan, said it would invest €2.8 bn over five years in its digital operations to put technology and data at the heart of its strategy. We look at three initiatives from the retailer, one at the Group level and the others in Brazil and Spain, underlining its commitment to this part of its strategy. Carrefour launches new data and retail media strateg...
16 June 2021
As Auchan and Intermarché establish new buying units or teams, we round up news from the retailers. Auchan establishes U2A buying unit Following on from the ending of the Horizon buying alliance , although the retailer said the decisions were separate, local trade publication LSA has revealed that Auchan has established the U2A buying unit. U2A will coordinate the buying from 70 of its l...
16 June 2021
Vaccination to protect against COVID-19 is now more accessible in Asia, but the uptake has been sluggish.  To encourage more people to get the jab, some retailers as well as suppliers from the food and grocery industry are offering discounts and prizes for vaccinated individuals.  Hong Kong: ParknShop, Watsons and Sa Sa offer cash vouchers The CK Group has launched a lottery for Hong Kong r...
16 June 2021
Walmart is converting its Supercentre hypermarket in Terrace, BC to a cashier-free model, using different configurations of self-checkouts. US trial The store in Terrace has been selected due to its high self-checkout use. The store will be remodelled to feature traditional self-checkouts and larger self-checkouts for bigger baskets and carts, with store associates available to support cust...
15 June 2021
Leading online pureplay, Boxed, and Seven Oaks Acquisition Corp., a publicly-traded special purpose action company, have announced a definitive agreement for a business combination that would result in Boxed becoming a public company. This will unlock new investment in the online grocery and tech company. Unique business model Boxed has developed an innovative approach to grocery ecommerce,...
11 June 2021
Kroger’s second customer fulfillment centre (CFC) powered by Ocado technology is a real milestone as it marks the entry of the retailer in a new state, Florida. Accelerating with digital This month, Kroger opened its second automated CFC in Groveland, Florida. As part of its strategy to accelerate with digital, Kroger is ramping up its ecommerce development. Florida is one of the few states...