Retail and consumer goods industry news

22 September 2020
2020 is a year like no other for UK food-to-go.  Previously the hero of the food and drink market, the sector has experienced unprecedented challenges in 2020 which will continue to impact it for years to come. In our new UK food-to-go market report 2020 , produced with the help of colleagues from across the industry, we predict that the sector will decline by 43% this year and only retur...
22 September 2020
As Christmas products are starting to hit the shelves, retailers and suppliers are hopeful that despite conditions, shoppers will be looking for little luxuries at the end of the year. We explore six themes for Christmas this year and what retailers are doing to help create an exciting festive season. More time spent at home With concerns about the virus, people will be spending more time a...
22 September 2020
With shopping habits starting to return to normal market growth once again slowed in this period, with sales of +13.7% for the 12 weeks to 6th September, according to Kantar. This compares to the 18% growth seen in the previous reporting period. The picture however starts to change when looking at the past four weeks, where local lockdowns have had an impact, causing additional spend. We look ...
22 September 2020
Walmart is targeting zero emissions across its global operations by 2040. The retailer also plans to manage or restore at least 50m acres of land and 1m square miles of ocean by 2030 to help combat the cascading loss of nature. On the path to becoming a regenerative company These new goals represent a raising of ambitions at Walmart as the retailer aims to play a leading role in transformin...
21 September 2020
Kroger is partnering with Everseen, a leading AI-based vision technology firm, to monitor checkout and self-scan areas in-store. Identifying unusual scanning movements Located in Cork, Ireland, Everseen’s system helps retailers monitor customer behaviour, helping to identify missed items or products which may have been scanned incorrectly. Overhead cameras help to compare customer baskets w...
21 September 2020
Novus has announced plans to acquire Billa’s store network in Ukraine (in September 2020). Rewe’s decision to exit the Ukraine does not come as a surprise, with Billa reporting below market growth between 2016 and 2019, at less than 4% annually. In the past, Rewe has withdrawn its Billa brand from markets where it underperformed, such as Croatia and Italy, to improve its profitability and to focu...
21 September 2020
Mexican Coca Cola bottler FEMSA, which owns the OXXO convenience chain, recently announced the chain had seen a 24.1% decrease in store traffic during the early of the phases of the pandemic. This led to a decline in sales, which was accentuated by a reduction in the average customer ticket as well. For Q2, FEMSA reported an 8% decline in revenue for its proximity stores, with same-store-sal...
20 September 2020
Having initially been in discussions with Microsoft to make a bid for the social media platform, TikTok, Walmart is partnering with Oracle and other investors to take a stake in a new company, TikTok Global. TikTok Global TikTok is creating a new company called TikTok Global that will be responsible for providing all TikTok services to users in the US and most of the users in the rest of th...
18 September 2020
Following the launch of the first Walmart Health facility last year, Walmart has outlined plans to take the initiative to at least 22 locations by the end of next year. Targeting the Florida market The first Walmart Health facility opened in Dallas Georgia, followed by a further four locations in the state and one in Bentonville, Arkansas. This year, the retailer plans to open seven f...
18 September 2020
Asda has unveiled two new trial partnerships with leading brands, as it follows through on its 'test and learn' strategy to make stores more engaging to shoppers. B&Q in-store shops A collaboration with the UK's leading home improvement retailer will see compact B&Q stores installed in four Asda superstores. The first two stores, which will open in Dagenham and Sheffield later this year, wi...