Retail and consumer goods industry news

18 May 2021
Following the initial launch last year, Target is expanding its adult beverages grocery ecommerce service to 29 US states. Same-day delivery and pickup to help compete with quick commerce specialists The roll-out of this service will see Target offer wine, beer and liquor for store pickup, including through its Drive Up service, from more than 1,200 stores. It will offer same-day delivery t...
18 May 2021
Singapore moves to shut down part of the economy in a phase of heightened alert (Phase 2). A gradual tightening from April Singapore had been making good progress in controlling the spread of the virus until April. However, a pattern of local unlinked community transmissions had persisted since the beginning of May. The initial tightening measures include allowing social and workplace gathe...
18 May 2021
Food-to-go, one of the categories hardest hit by changes in shopper behaviour during the pandemic, has become a key battleground for retailer sales growth.  Retailers are facing tough comparatives against the peak sales of April and May last year and are looking for categories that can boost sales to offset those that will lose ground as hospitality reopens. With people already moving around m...
17 May 2021
Results of China’s Seventh National Population Census, a survey that is carried out every 10 years, show that the country is undergoing major population shifts with profound implications. China’s population is not shrinking, but growth rate has slowed and stabilised 2020 census data: The total population of China reached 1,443,497,378 in 2020. Compared to 2010, it is an increase ...
17 May 2021
Walmart-owned Flipkart will expand its online grocery operations by opening more fulfillment centres over the next three months.  This comes at a time when India is currently experiencing its second wave of coronavirus infections, and customers need a safe and seamless access to grocery items through a quick and contactless delivery. Five new fulfillment centres that can increase Flipkart’s use...
17 May 2021
7-Eleven has confirmed it has completed the acquisition of approx. 3,800 Speedway stores in the U.S. The two companies agreed to a deal worth US$21bn last year . It takes 7-Eleven’s total store network to approximately 14,000 stores in North America. Post-acquisition activities begin 7-Eleven has a proven playbook for successfully integrating acquisitions. Key areas to drive synergies incl...
15 May 2021
Mexico’s Grupo Comercial Chedraui, through its Bodega Latina Corporation subsidiary, has entered into a definitive agreement to acquire US-based operator, Smart & Final, in a $620m deal.  Unique retail model Smart & Final operates a unique concept in the US, bridging wholesale and retail models. It operates more than 250 stores under two banners: Smart & Final and Smart & Final Extra!, in C...
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 ...