Retail and consumer goods industry news

German hypermarket retailer Kaufland will add Decathlon sports stores next to five more locations in 2023. Enhancing the shopper experience Following the success of their first partnership in Karlsruhe, Kaufland and Decathlon will be teaming up in five more locations in 2023. The agreement sees Decathlon open stores on Kaufland rental space. Other sites will involve old Real stores, that...

Fuel giant BP recently acquired TravelCenters of America (TA) in a US$1.3 billion deal in the US, as part of its strategy to expand downstream to enjoy greater synergies and advantage its aims in areas like EV charging. Increasing downstream retail presence With the acquisition of around 280 TA stores, BP’s convenience store count in the US now exceeds 1,500, including its other banners suc...

The figures, announced last week as part of the John Lewis Partnership’s annual results, show Waitrose’s sales were down 3% in 2022 to £7.31 bn. Sales decline coming from online, as instore performance remained flat Waitrose stated all sales declines came from the online channel, with store sales remaining flat year on year. Online accounted for 14% of sales in 2022, down from 17% in 2021. ...

CK Hutchison reported its retail revenue (A.S. Watsons) fell by 2.0% to HKD169.6 bn (US$21.9 bn), and its earnings (EBITDA) decreased by 11% to HKD14.3 bn (US$1.8 bn) in its full year 2022 results. In local currencies, its total revenue increased by 6%, while EBITDA declined by 2%. Performance of A.S. Watsons across different markets and businesses • Healthy and Beauty China sales decreased...

We review Sobeys’ third quarter performance, including the impact of a cybersecurity event on its financial and operational performance. Q3 key numbers Total sales increased 1.5% to $7,377.3m Same-store sales, ex-fuel, increased 0.1% Grocery ecommerce sales fell by 14.7% year-on-year, but increased 9.4% versus Q2 Net earnings fell by 37.9% to $125.7m Cybersecurity event imp...

TJ Morris Ltd, which trades as Home Bargains, has announced profits of £239m in its year-end report. Whilst profits decreased by 26%, versus 2021's figure, turnover increased by £81m to £3.419 bn. The turnover increase was said to be a result of new outlets, the re-siting of some stores and an enhanced contribution from the existing estate. Home Bargains currently has 572 stores in the UK, ...

We look at how Kroger is planning to rollout a fleet of driverless trucks in partnership with autonomous middle mile logistics supplier Gatik. Transport of customer orders Kroger and Gatik have announced a multi-year partnership to transport customers orders within Kroger’s distribution network in Dallas, Texas. Gatik’s autonomous box trucks will be used to transport products from a Kroger ...

Iceland will partner with Just Eat to offer rapid grocery delivery for more than 200 stores. Initially the service will launch from stores in London, Manchester, Belfast, and Leeds. Iceland and Just Eat plan to roll out the service to more locations in 2023. Iceland Foods' International and wholesale director Just Addison said: “At Iceland our customers are our priority, and we consistent...

Over the past few weeks, we have released out UK cost-of-living series exploring what loyalty means across retail and eating out. Two of these reports have been dedicated to the food-to-go and eating out channels – one exploring the mechanics used by operators , and one diving into customer attitudes to loyalty .   Here are five of the highlights:   1. The loyalty journey is ...

Circle K’s parent company, Couche-Tard, has entered into a firm offer to acquire assets from TotalEnergies in Germany and the Netherlands, and a 60% controlling interest in its Belgium and Luxembourg entities. The €3.1 bn deal is subject to regulatory approvals and will be submitted to relevant employee representative bodies. Adding over 2,000 sites This deal covers operations across 2,193 ...