Retail and consumer goods industry news

12 July 2021
As Caprabo grew sales 6.6% in 2020 and highlights its future expansion plans for 2021, Aldi is set to reinforce its price reduction strategy, to continue to meet shopper demand. Separately, DinoSol reported its sales advance by 1.6%, while Vegalsa-Eroski declared its sales grew 7.9% in 2020. Caprabo announces 6.6% growth Caprabo said it grew by 6.6% to €842m by the end of its financial year...
12 July 2021
Tesco’s chief strategy and innovation officer Tony Hoggett is to leave the grocer to join Amazon as its senior vice president of physical stores according to an internal memo from Dave Clark, Amazon's Worldwide Consumer CEO. He is set to take up his new position in Seattle in January 2022. A distinguished career at Tesco Tony Hoggett joined Tesco in 1990 and has served in a range of leaders...
12 July 2021
Coop Italia has announced half its cooperatives saw increased sales in 2020. Coop Italia’s individual cooperatives Coop Italia comprises of: Unicoop Firenze Coop Alleanza 3.0 Novacoop Coop Liguria Coop Lombardia Coop Centro Italia Unicoop Tirreno Coop Italia’s results breakdown Coop Lombardia reported growth of 9.3%, generating sales of €1.05 bn in 2020. The ...
12 July 2021
Celebrate 7-Eleven day with special discounts for the whole month of July in Singapore. First promotional period kicks off on 10-12 July The retailer is providing a SGD1.10 (US$0.80)off storewide with a minimum spend of SGD7 (US$5.20) for the first three days. It is unusual for the retailer to provide a storewide discount. Shoppers can also receive a free treat of Mr. Softee Matcha ice crea...
12 July 2021
FairPrice Group (FPG) Media is working with Stellar Ace to bring a suite of omnichannel media solutions to advertisers. A connected digital network FairPrice Group is Singapore’s largest chain of grocery retailer, while Stellar Ace is the out-of-home advertising network of Singapore’s SMRT transit provider. The full suite of assets will include thousands of digital screens across supermarke...
11 July 2021
Hindustan Unilever Limited (HUL) is working together with Reliance Retail in India to launch an in-store vending machine for its home care products.  This machine allows customers to refill any bottle with Surf Excel, Comfort and Vim, enabling lower plastic usage in the country. Customers can bring their own bottle or purchase a recyclable container from Reliance Smart Several suppliers fin...
09 July 2021
Latin America is one of the most advanced regions for quick commerce, which we define as groceries and essential products delivered in under one hour. In the last year we have seen the emergence of new pureplay businesses (e.g. JOKR, Getir, and Gorillas), and the launch of new ultra-fast delivery services from existing plyers (e.g. Rappi Turbo), which can fulfil deliveries in 10 or 15 minutes. ...
09 July 2021
Seven & i Holdings, Aeon and Lawson have posted their Q1 results for the period ended May 31, 2021. Summary and our view The performance of Japan’s leading retailers in Q1 showed some signs of recovery. More shoppers are beginning to return to stores, while average baskets sizes are declining slightly compared to heighted levels since the pandemic. However, overall sales, especially from co...
09 July 2021
South Korean grocery retailer Homeplus has appointed its new chief marketing officer in an executive reshuffle announced on Thursday. Appointed former CEO of McDonald’s Korea as its new CMO Homeplus has appointed former CEO of McDonald’s Korea Cho Ju-yeon as its new chief marketing officer. She was the first female CEO at the South Korean unit of the fast food restaurant. Source:...
09 July 2021
Gruppo VéGé is set to expand its network in northern Italy, in partnership with DADO SpA, while Famila has also declared it plans to expand its network in 2021 too. Additionally, SPAR Italy has revealed four new store launches, which focus on a local and sustainability approach. Gruppo VéGé collaborates with DADO SpA   Gruppo VéGé plans to continue to expand its network in northern Italy. T...