Retail and consumer goods industry news

19 April 2021
We caught up with Alex Ng, the founder of Pick & Go in Singapore, to learn about the features of the third unmanned store and how it has evolved from learnings of the first two stores. First store in Singapore University of Technology and Design (SUTD) Source: IGD Research Pick & GO was founded on June 2019 with a vision to redefine convenience shopping. Shoppers can pick what ...
19 April 2021
As Auchan looks to grow its share of sales from organic products in France, expands its omnichannel presence in Portugal and sets out its results in Spain in 2020, we round up news from the retailer. Alcampo publishes results for Spain in 2020 Alcampo has said it generated a turnover of €4.497 bn in 2020, down from €4.652 bn in 2019. Comparable sales rose by 3.6% during the year, underlinin...
19 April 2021
A.S. Watson’s Group COO and CEO of A.S. Watson (Asia and Europe), Malina Ngai, has spoken at the industry event Beauty Tech Live this week.  She has explained how O+O (Offline plus Online) has become the new retail standard in health and beauty. O+O customers spend three times more than exclusive instore shoppers Malina Ngai describes O+O as “how customers shop today. The customer journey ...
16 April 2021
Walmart is partnering with Texas-based French bakery and café chain, la Madeleine, to test a new Express prototype at stores in the Dallas-Fort Worth market. 10 pilot locations to open The partnership will see 10 test la Madeleine Express locations open with Walmart Supercenters, its hypermarket format. The first is expected to launch in Garland this July, with the remainder opening in the ...
16 April 2021
Leading discounters in Europe are developing their format and offer as they look to attract shoppers from other channels. This is seeing them evolve to be more like supermarkets, leading them to adjust their ranges, locations and adding value to compete beyond a solely price-focused strategy. However, in Russia, the discount format is taking a different trajectory. While some are evolving towa...
16 April 2021
CVS Pharmacy is expanding its frozen food and healthy snack offering at selected stores in the US as it looks to drive footfall and encourage greater shopper frequency. 74% of adults said their meal and/or snacking habits have changed during the pandemic CVS is looking to make mealtimes ‘quick and simple’ by expanding its convenient meal range to include more frozen meals and healthy snacks...
15 April 2021
Walmart has participated in the latest funding round for Cruise, a self-driving, electric vehicle startup. Builds on existing relationship Walmart initially partnered with Cruise last year to develop a delivery pilot in Scottsdale, Arizona. This area been a major focus for the retailer, undertaking several different pilots over recent years. These include programmes with Nuro in Houston, Ga...
15 April 2021
Asda has announced plans for a major restructuring of its bakery operation that will mean an end to bread and other bakery lines being baked from scratch in-store. The retailer has now launched a consultation with 1,200 staff risk of redundancy across its 341 supermarkets which aims to offer them alternative roles within Asda when possible. Switch to centralised production In future, produc...
14 April 2021
The UK is in the process of cautiously easing its COVID-19 lockdown restrictions. The country is currently in stage two, which allows two households or groups of up to six people to socialise in an outdoor setting. With new lockdown measures in place, people are looking to spend more time with their family and friends in outdoor spaces. We explore the impact the easing of lockdown has had on s...
14 April 2021
China has imposed a record fine of CNY18.2 bn (US$2.8 bn) on Alibaba, one of the country’s largest online retailers, after an investigation found the ecommerce giant violated China’s anti-monopoly law. A slap on the wrist: painful but bearable On Monday 12 April, Alibaba accepted a CNY18.2 bn (US$2.8 bn) fine from China’s competition watchdog, the State Administration for Market Regulation ...