Retail and consumer goods industry news

27 November 2020
Canada’s leading food retailer, Loblaw, has acquired the technology and related team from Eyereturn Marketing Inc., a subsidiary of Torstar Corporation to support the growth of Loblaw Media. Enhancing targeted campaigns and promotions The retailer launched Loblaw Media last year with the aim of capturing a greater share of brands’ spending on digital marketing. This acquisition will enable ...
27 November 2020
Speaking to Forecourt Trader magazine, Ilyas Munshi, Group Commercial Director for EG Group has emphasized that despite the company’s owners being closely involved in the recent acquisition of Asda, this represents a separate enterprise, and that for forecourt operator EG Group, everything is very much ‘business as usual’. Will explore opportunities to collaborate and work together ‘in due cou...
27 November 2020
With more consumers staying at home for meals in Taiwan, FamilyMart has partnered two famous chefs two to launch some new ready-to-eat dishes. Our view Taiwan is an important market for FamilyMart. After Japan, it is the retailer’s second largest market, trading more than 3,500 stores. Within Taiwan, FamilyMart is also the second largest convenience chain and it continues to look for creati...
27 November 2020
Located at the well-known Lau Pa Sat hawker centre in Singapore, Food Folks is the first locally-focused concept that blends retail and dining under a historical monument. Food Folks brings together FairPrice Group’s business philosophies of “Everything Food Made Easy”, “Customer First”, and “Better Value for All”. Source: IGD Research   All things loc...
26 November 2020
We look at some of key themes shaping campaigns through the holiday season in the US and what the retail environment could look like heading into 2021 as many businesses move beyond reprioritisation and reassessment to a broader reset of their models. First phase and second waves This holiday season will be unlike any other in the US. COVID-19 cases are on the rise and new mandates are bein...
26 November 2020
We look at how Circle K’s parent company, Couche-Tard, continues to adjust to the pandemic and the changes it’s making across its global operations. Second quarter key numbers Total merchandise and service revenues increased 6.3% to $3.8bn Same-store merchandise revenues increased 8.6% in Europe, 4.4% in the US and 11.4% in Canada Operating income increased 32.0% to $1.0bn 1. ...
26 November 2020
To lure shoppers back, South Korea’s department store operators are converting store spaces into art galleries. An innovative initiative to differentiate and drive footfall The country’s leading department store chains all suffered greatly since the outbreak of the pandemic, with sharply declined sales and depleting footfall. To differentiate and win shoppers back, all major operators ar...
26 November 2020
Sainsbury’s is to stock a range of cakes and baked delicacies from Patisserie Valerie in a new tie-up with the patisserie specialist. The deal will see a range of 14 popular lines sold through around 250 stores. Developing ‘Food First’ The move follows Sainsbury’s launch earlier this month of its ‘Food first’ strategy through which it aims to become a more distinctive destination for high...
26 November 2020
As Metro Cash & Carry establishes a transition team as its chief executive prepares to step down at the end of the year and launches a new service, we round up news from the retailer. Metro establishes CEO transition team During the transition period after existing CEO, Olaf Koch, leaves, Metro has confirmed that its CFO, Christian Baier, and COO, Rafael Gasset, will jointly assume the posi...
26 November 2020
(Last updated 26/11/2020) As Western European countries are facing a second wave of COVID-19 infections, several governments are implementing stricter restrictions including second national lockdowns. Here is an update of the latest announcements across the region Germany Latest ( update 26/11/2020) : Lockdown to be extended until at lest 20 December, with non-essential busines...