Retail and consumer goods industry news

23 May 2022
Farmfoods’ recently filed accounts at Company House showed it saw a slight contraction in revenues on its performance in 2020. Revenues up 32% on two-year basis… The accounts showed Farmfoods generated revenue of £872.5m in its financial year ending 1 January 2022, a decline of 2.2% on 2020’s figure. However, the retailer’s revenue in 2021 was up 32% on a two-year basis, underlining how it ...
23 May 2022
Finiper-owned, Iper has introduced a new private label range, which claims to deliver high-quality products. Meanwhile, SPAR Italy and Esselunga revealed its 2021 results, both reporting an increase in sales. Separately, Coop Italia plans to increase its private label to support shoppers during this increasingly difficult economic environment.  Iper introduces its ‘Patto Qualità Iper’ private ...
23 May 2022
Co-working spaces, hybrid stores with additional services, and range evolution: three ways leading Asian convenience operators are adapting to meet changing shopper needs as markets emerge from Covid-19. 1. Co-working spaces 7-Eleven in Taiwan has introduced private working spaces above one of its stores in Taoyuan, reports Focus Taiwan. Rates of NTD 100 (USD 3.4) per hour mean the 14 rooms...
23 May 2022
After two disrupted years, rather than a return to normality, the eating out sector is facing a new set of challenges.  The issues outlined in our UK Eating Out Market Forecasts 2022 , such as rising costs, staff shortages and financially-stretched consumers, are shared by many countries around the world.   These significant headwinds may slow recovery, however we anticipate a period of inten...
20 May 2022
US-based Albertsons is partnering with Veeve Smart Carts to launch smart carts in around a dozen stores across the country. The retailer is aiming to develop a fast, contactless experience for its shoppers. Skipping traditional checkouts A growing number of retailers are piloting smart carts to offer a checkout-free shopping experience. Veeve Smart Carts enable shoppers to place their items...
20 May 2022
Lidl and Kaufland’s parent company, Schwarz group has announced its FY21 results. Key numbers for the year ending February 2022 Group sales + 6.6% to €133.6bn Kaufland sales +7.4% to €27.3bn Lidl sales +4.7% to €100.8bn Total online sales for both banners reached €1.7bn The group invested €8bn last year in opening new stores, modernizing existing ones and financia...
20 May 2022
National convenience retailer Co-op has set out its ambition to grow online sales by 50%, reaching £300m by the end of the year. Using a range of solutions for fulfilment, both in-house and third party, the retailer will continue to roll-out its online service nationally making it accessible from 2,000 stores in total. Since launching its on demand online services in 2019 Co-op has seen 36 months...
20 May 2022
In January 2021, Cencosud announced significant new investment plans, with a projected spend of US$1.8 bn between 2021–2023. The bulk of this was to be invested in refreshing its existing estate and expanding its store network. Then in Q4 2021, Cencosud registered a request for an IPO with the Securities and Exchange Commission (CVM), for the primary distribution of shares. Funds raised would ...
20 May 2022
Woolworths has entered into a Scheme Implementation Agreement to acquire approximately an 80% stake in marketplace MyDeal.com.au. Woolworths’ offer values MyDeal.com.au at AU$243m. Woolworths said if completed, the remaining 20% stake in the business would continue to be held by MyDeal’s founder and chief executive, Sean Senvirtne, and other key management shareholders. Acquisition would enhan...
19 May 2022
In separate developments, Morrisons updated on its acquisition of McColl’s and, as reported by trade publication The Grocer, it is preparing to launch a new joint-branded retail concept; ‘Together with Morrisons’. Update on McColl’s acquisition In a statement relating to a bond offering, it was revealed that Morrisons had paid the equivalent of £182.1m to creditors to acquire McColl’s 1,160...