Retail and consumer goods industry news

14 May 2021
Alibaba Group announced financial results for the quarter and fiscal year ended 31 March 31, 2021. Full-year 2020 revenue rose 41% to CNY717.3 bn (US$109.5 bn). The company also reached a milestone of over one billion annual active consumers. March quarter revenue up 64%YoY, but with an operating loss due to the anti-monopoly fine Revenue was CNY187.4 bn (US$28.6 bn), an increase of 64% YoY...
14 May 2021
With COVID-19 impacting the way people shop, each channel has had to adapt to satisfy changing shopper needs. The discount channel has had a mixed experience dealing with these changes throughout the pandemic. Sales have been negatively impacted due to shoppers using fewer channels and avoiding smaller stores. For the variety discounters, such as Poundland, they have also had challenges including...
14 May 2021
Dairy Farm International has reported that its sales in the first quarter of 2021 continue to be significantly affected by the pandemic.  Shopper behaviour has now normalised, affecting comparison with sales performance in 2020 Since spending patterns of consumers have now normalised compared with the high sales base in the first quarter of 2020, like-for-like sales of Dairy Farm’s grocery ...
13 May 2021
After a strong first quarter, the Kellogg Company has raised its guidance for the full year, expecting sales growth to be flat, having previously forecast a small decline. Matching last year’s sales Following a record year in 2020, it is impressive that the company is expecting to match last year’s sales, which included the pandemic driven surge in demand. While it continues to benefit from...
13 May 2021
Ahold Delhaize saw net sales rise 5.8% to €18.3 bn in the first quarter, driven by its operations in Europe and its online channel. On a two-year comparable basis Ahold Delhaize said sales, excluding gas, increased 15.5% in the US, and by 18.1% in Europe. Comparable sales growth excluding gas stood at 4.2% in Q1, with the US seeing sales rise 1.7% and its European operations rising by 8.3%. Un...
13 May 2021
Retailers are finding ways to achieve incremental increases in basket size and are developing their proposition to attract shoppers back to hypermarkets and large supermarkets. A key strategy being used is to modernise stores’ look and feel to encourage shoppers to return, especially if they are located out-of-town. Modernising stores’ look and feel is one strategy out of many In Q4 2020 we...
13 May 2021
Mother’s Day is celebrated in most countries, including the US, on the second Sunday in May. In 2021 this meant for many, Mother’s Day took place on 9 May. We highlight five takeaways from Mother’s Day event in the US and globally. 1. More confidence to celebrate With the COVID-19 vaccination programme well underway in the US and other European countries, more people felt confident about...
13 May 2021
South Korea’s largest ecommerce company reported first quarter results since its blockbuster IPO. Revenue jumped by 74%YoY, reaching US$4.2 bn The Seoul based company reported a 74% jump in revenue from the year-ago period to KRW4.75tn (US$4.2 bn). That slightly beat FactSet estimates of KRW4.74tn (US$4.19 bn). It was the company's first quarterly report since its  initial public offerin...
13 May 2021
As part of its new strategy to lead with fresh, Kroger has launched an accelerator for local and regional fresh suppliers. This collaborative project aims at accelerating the pace of product innovation while evolving its fresh assortment to align with the growing demand from shoppers for local products. Supporting local and regional suppliers The “Go Fresh & Local Supplier Accelerator” was ...
12 May 2021
Coconut water brand, Vita Coco has launched its first ever haircare products. The range includes shampoos, conditioners, and treatments. Offering relevant ranges In our recent report looking at the future of drugstore, health & beauty we highlighted five areas of change expected as we transition into a post-COVID environment. One of the trends identified was righting the range, which invo...