Retail and consumer goods industry news

01 June 2022
The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...
01 June 2022
As part of its strategic priority to reinforce is position as a low-cost operator, US-based Dollar General has launched several pilot stores that are entirely self-checkout. Fast Track programme This forms part of wider range of initiatives centred on improving efficiencies. Dollar General has not been immune from the cost headwinds which have been experienced across the industry, pressurisin...
01 June 2022
The Thai Retailer takes over 18 Kiwi Mart stores in order to appeal to a larger pool of customers. Acquiring Kiwi Mart in Cambodia In a strategic move to expand operations in ASEAN, the superstore acquires 24 hour convenience retailer, Kiwi Mart, majority of who’s stores are located in Phnom Penh. This will enable Big C to be closer to Cambodian shoppers, who have a rising purchasing powe...
31 May 2022
The retail giant plans to invest IDR 3.5tn (USD 240.7mn) for its growth strategy in 2022. Adding capacity to its store and warehouse networks The funds are to be allocated to open new stores, paying overdue outlet leases, buying land and building warehouses to reach a greater number of shoppers in Indonesia. Through the first quarter of 2022, Alfamart has already added 317 new stores i...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
27 May 2022
Asda has revealed that ex-fuel LFL sales fell by 9.2% in the three months to March 31 st reflecting the challenges it faces from shoppers making economies and elevated comparatives from a year ago. Food price inflation hits shopper confidence Explaining its performance, Asda cited data from its Income Tracker which has recorded its largest fall since its creation in 2008, with the under 30...
25 May 2022
Walmart is expanding its partnership with DroneUp to new areas, providing it with the capacity to reach 4m households across six US states. This will also enable it to start monetising the service through developing a new revenue stream. Convenience driving usage Walmart launched its partnership with drone firm, DroneUp, last year, with the retailer also investing in the business. DroneUp o...
25 May 2022
M&S has announced its 2021/22 financial results, reporting group revenue rose 6.9% versus 2019/20, which it said was more comparable than the 2020/21 year given the pandemic’s effects on its business. Revenue reached £10.9 bn, while profit before tax rose 29.7% to £522.9m. Key figures for Food The retailer reported that M&S Food grew revenue by 10.1%, while excluding the performance of its ...
24 May 2022
As new data shows inflation reached 7.0% in Great Britain in the last four weeks, we round up initiatives from Asda, Iceland and Superdrug as they look to promote the value on offer. Asda relaunches ‘Blue Light’ discount Asda has relaunched the 10% saving it offered holders of Blue Light Cards, which it provided during the pandemic. The offer will enable workers in the NHS, emergency se...
24 May 2022
Canada’s second largest grocery retailer, Sobeys, has launched a new ‘Value Size’ campaign in-store, which has seen it extend its range of larger pack formats. Dedicated in-aisle feature bays With inflation hitting a 31-year highpoint in Canada last month, retailers are using a range of tactics to respond to the cost of living crisis. At Sobeys, this includes a new ‘Value Size’ initiative w...