Retail and consumer goods industry news

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 ...
14 April 2021
Tesco has outlined how it plans to focus more on value, loyalty, online and sustainability following the release of exceptional full year results. In this article we look at Tesco's progress over the past year and current areas of focus for the business. Headline results Group sales: +7.1% to £53.4bn (+7.0% at constant exchange rates) UK & Ireland LFL sales +6.8%, (H1 +7.2%%, H2 +6.5%...
14 April 2021
The discount channel is slowly catching up with grocery ecommerce as it seeks to remain relevant with shoppers. The many recent partnerships with aggregators (last milers) across Europe prove the online transformation of the channel is inevitable and it is now accelerating, especially around quick commerce. We look at the different developments in the region and what this could mean more widely f...
13 April 2021
Seven & i Holdings, Aeon and Lawson have posted their annual results for year ended February 28, 2021. Summary and our view 2020 was a very difficult year for Japan’s convenience industry. All of the leading retailers faced lower sales and customer visits. This was despite average basket size being larger than ever before. Returning to a growth trajectory is a priority for all convenience c...
13 April 2021
Eroski expands through franchising, following a €7.8m investment, while Amazon Fresh launches in Barcelona offering fast delivery of food, beauty, and personal care products. Separately, Condis is improving its online operations to meet shopper demand, as Sánchez Romero partners with Lola Market to create a new remote purchasing channel. Eroski launches 52 franchise stores Eroski has invest...
13 April 2021
We look at the latest news from M&S, including its latest initiative to support British farmers, the expansion of its international online business, and the recent purchase of clothing retailer Jaeger. Supporting British famers M&S has started a new five year ‘Farming with Nature’ collaborative programme to support its Select Farms. The Select Farms brand is part of M&S's Plan A initiative,...
13 April 2021
Walgreens Boots Alliance (WBA) said group sales increased in its second quarter by 4.6%, 3.5% on a constant exchange basis, to US$32.8 bn. Performance by division   Retail Pharmacy USA Sales increased by 0.4% to US$27.3 bn compared to Q2 2020 Comparable sales increased by 2%, with comparable pharmacy sales up by 4.5%, while comparable retail sales declined by 3.5% Retail sale...
13 April 2021
In our latest report, we look at the initiatives retailers are putting in place as they strive to improve online grocery profitability following a year of accelerated growth. Five areas of focus for improved profitability  Following rapid growth last year, which saw grocery ecommerce sales almost double in the US to just under $70bn, in 2021 retailers are laser-focused on improving channel ...