Retail and consumer goods industry news

03 March 2021
The global grocery retail market is on track to generate an additional $440bn in sales between 2020 and 2022, yielding a 3.1% CAGR (compound annual growth rate), according to our latest forecasts. We look at the detail behind this growth.  An exceptional 2020 driven by the pandemic The increase in sales for the period follows an exceptional growth for grocery in 2020, which saw the top 20 m...
03 March 2021
Stephane Coum, CEO of Central Food Retail under Central  Retail  in Thailand, shares how the company has tackled the challenges brought by the COVID-19 crisis, its transformation plans and building resilience for the future. Central Food Retail operates across many different formats and banners: Central Food Hall, Tops market, Tops SUPERSTORE (which competes with hypermarkets), Tops daily and Fam...
03 March 2021
Major retailers, Central Retail, Berli Jucker and CPALL, report revenue declines for FY2020. COVID-19 well controlled in Thailand The spread of COVID-19 was under control until the third quarter of last year. A new wave of increased daily cases started in mid-December, impacting year-end festivities. The government imposed an array of restrictions by province to avoid a national lockdown an...
03 March 2021
As part of their commitment to sustainability and zero carbon emissions, Walmart-owned Flipkart and Amazon have recently started to shift to electric vehicles for customer deliveries in India. Flipkart targets transition to 100% electric vehicles in the next ten years Flipkart plans to have more than 25,000 electric vehicles by 2030.  It will be partnering with electric vehicle makers includi...
03 March 2021
Now that the Chinese New Year festivities are over, retailers and suppliers have started to shift their campaigns to clean and healthy eating.  The timing is appropriate as shoppers would usually look for guilt-free offerings after indulging with a lot of food over the holidays. Cold Storage Singapore: Eat Wholesome, Live Better Cold Storage has recognised that people are looking to make chan...
03 March 2021
We look at Target’s latest results and its strategic update which included details of its investment programme for the next few years. This includes a $4bn annual investment plan in digital commerce, new stores and remodels and its supply chain. Q4 key numbers Total revenue up 21.1% to $28.3bn Fourth quarter comparable sales increased 20.5%, with traffic up 6.5% and average ticket up ...
02 March 2021
Instacart has raised $265m in new funding led by its existing investors to drive further growth and development of the business. This values the company at US$39bn. Rapid expansion in 2020 Instacart is the leading on-demand grocery fulfillment company in North America, working with over 600 retail partners, including over 200 added in the last year. This has enabled it to expand its reach t...
02 March 2021
Last month our Future Talk webinar looked at where grocery retail is heading in North America, with a focus on store of the future developments. This replay is available for subscribers only. Part one: from store of now to the store of the future (2:00 minute mark) Covid-19 and grocery formats Future store elements Five big bets for the store of the future Part two : inside Wa...
02 March 2021
Woolworths Holdings, the South African owner of David Jones in Australia, has announced that it is to close stores and focus its efforts on expanding its forecourt partnership with BP. Three stores to close in Melbourne In September 2020 the retailer expressed concern over the progress that its Australian food business was making and with many of its larger food halls located in department ...
02 March 2021
IGA in Australia has teamed up with logistics provider DoorDash to offer grocery delivery from 100 of its supermarkets. Over 1,600 SKU's available within 45 minutes DoorDash will help IGA ramp up its online grocery delivery business that it fast-tracked to market last year due to the global pandemic. The partnership means that stores in Melboure, Sydney, Brisbane, Perth, Adelaide, Cairns, T...