Convenience news

23 November 2022
Latest accounts filed with Companies House for Tesco convenience subsidiary One Stop, shows that sales from its company-owned stores fell by 4.4% in the year to 26 February 2022 to £965m. The decline owes much to the very tough comparison made by the pandemic-boosted sales in the previous year (up 15.5%), but was also exacerbated by the loss of six stores (695 in 2022 versus 701 in 2021). Neverth...
14 November 2022
Morrisons has opened up its Safeway private label range to the independent retail sector, around 30 items now available through wholesaler Eden Farm. The assortment includes eggs, dairy, deli, cheese, meat, pizza and desserts. The wholesaler has noted that “New to Eden Farm, Safeway brings a range of fresh products renowned for quality. With our expertise in shopkeeping we have created a range of...
14 November 2022
Asda has updated investors on its Q3 trading performance, noting its investments to drive value during the quarter resulted in a 4.7% increase in like-for-like sales, when compared to the same period last year. Total revenues, excluding fuel, amounted to £5.2 bn. Asda's cost-of-living-focused initiatives Asda’s endeavours to address the cost-of-living crisis included rolling out 141 new eco...
10 November 2022
Seven and I Holdings, which operates 7-Eleven, is selling its department store chain Sogo & Seibu to US fund Fortress for US$1.4 bn. Struggling department stores Sogo & Seibu was acquired by Seven & I in 2006. Since 2007, the department store's network has fallen from 28 to 10. Although the department stores' revenue has surged, as sales of fashion and luxury brands rebounded. However, the ...
03 November 2022
OXXO, a Mexican convenience store chain (owned by FEMSA), recently announced it will open two new stores every three days until the end of the year. As of September 30, 2022, OXXO operated 20,899 stores across Latin America, and in November last year, it announced its 10-year plan to open 10,000 stores. Following a successful acquisition of Valora Group (more below), we will soon start to see ...
02 November 2022
Northern Ireland SPAR distributor, Hendersons has re-opened its extensively remodeled SPAR store at Mallusk in Country Antrim including the first ever drive-thru execution of its proprietary hot coffee brand Barista Bar. Located in a largely commercial zone, the new Mallusk store has a significant demand for food and drinks-to-go to meet the daily needs of the local working population and drive-t...
02 November 2022
Tesco has officially opened another cashierless store in London. The Tesco Express store in Chiswell Street is fitted out with Trigo’s cashierless technology, which is a combination of check-in gates, ceiling cameras and shelf scales to enable shoppers to purchase goods without needing to pay at a cash register. What makes this store even more interesting is that it offers shoppers the abil...
01 November 2022
Having gained approval for its acquisition of the McColl’s convenience business in October, Morrisons has now identified 132 loss-making sites from the 1,164 strong store estate which it intends to close to ensure the viability of the operation. This will be in addition to the 28 McColl’s that Morrisons has agreed to sell to address the competition concerns raised by the Competition and Market...
28 October 2022
DFI retail group recently introduced the yuu Rewards Club app, a platform that allows shoppers to earn points and redeem rewards across retail, foodservice and telco outlets in Singapore. This builds upon the success of a similar DFI app launch in its home market of Hong Kong in 2020, which has garnered millions of downloads. Diverse range of partners involved The app involves the use of QR...
27 October 2022
The quick commerce operator Getir have announced today that it will be starting to stock Co-op products. The trial sees Getir increase its product range with Co-op products with around 300 lines across ambient and fresh categories. Getir state that this will mean it can serve its customers better with quick meals, fresh meats, fruits, and veg, further supporting its growth in the UK. The tri...