Retail and consumer goods industry news

17 June 2022
Walmart is partnering with the Roku streaming TV service on a pilot project to enable users to purchase products directly from the platform. Media opportunities This new partnership has been developed to make TV streaming an ecommerce shopping destination. The new experience offers product discovery with a seamless checkout experience, enabling purchase directly at the time of inspiration. ...
17 June 2022
As concern mounts about the economic outlook and the severity of the rising cost of living, Tesco has highlighted a shift in its product mix towards value options. In the 13 weeks to May 28 group like-for-like sales grew by 2.0%, with performance varying significantly across the different elements of the business. UK: sales mix shifts to value options In the core UK business, LFL sales f...
17 June 2022
Carrefour operates over 13,000 stores in nine different markets. The Carrefour group continues to expand its operations and partners to provide quick commerce and food delivery services. Carrefour Brazil revealed it completed the acquisition of Grupo Big in Brazil. Meanwhile, Europe’s leading q-commerce Flink SE purchased Cajoo, who partners with Carrefour to supply its private label and other ex...
16 June 2022
Despite shoppers being focused on saving money so far this year, the Platinum Jubilee provided a boost for retailers as shoppers spent more on sweet treats, picnic items and alcohol. Shoppers exceeded their own expectations for the event across several factors. What could this mean for other events coming up in 2022? Here are the 3 key shopper behaviours that played out over the Jubilee weeken...
16 June 2022
Spain’s market leader and one of Europe’s most admired retailers, Mercadona is increasing its commitment to its markets Spain and Portugal. We have identified five ways it continues to develop to stay ahead of the competition. 1. Mercadona betting big on its online expansion plan Although online has been a lower priority for the retailer over the past decade, like many retailers the pandemi...
16 June 2022
In our latest report, Viewpoint Special Report – Exploring the outlook for food inflation we forecast the rise in the cost of essential food items is likely to reach a peak of up to 15% this summer and will last much longer than initially predicted. UK economy facing strongest period of inflationary pressure since 1970s The report looks at how the UK economy is facing its strongest peri...
16 June 2022
Father’s Day is an event honouring fatherhood and is celebrated on the third Sunday in June in most regions globally, including Europe and North America. In this article, we explore three ways retailers and brands are helping people celebrate the event. People plan to spend almost the same as last year According to the National Retail Federation (NRF), 76% of US adults are expecting to ce...
15 June 2022
Asda has confirmed that chief customer officer Meg Farren will leave the business after less than a year. The retailer has also made public several other appointments. Meg Farren to leave Asda Meg Farren joined Asda last July from KFC and is returning to the quick service restaurant giant to be general manager of KFC UK and Ireland. During her time at Asda Farren has worked on developing As...
14 June 2022
Walmart has started a recruitment drive to get UK sellers to offer their products through its third-party Marketplace in the US. This forms part of its strategy to build range parity with Amazon and develop a meaningful new revenue stream. Scaling the platform Walmart.com has grown to be one of the world’s leading websites, combining first-party and third-party merchandise. Around 120m US m...
14 June 2022
Announcing its strong first half results, Pepco has underlined the challenges it is seeing emerge in the UK as the cost-of-living crisis impacts on shopper spending. Group revenues rise 18.9% in H1… Across all its operations in Europe, Pepco reported revenues rose 18.9%, on a constant currency basis, to €2.37 bn. Store growth remained a key driver of this growth, with store numbers rising 1...