Retail and consumer goods industry news

Biedronka has broken some records already this year including its sales in H1. However, its eyes are how it can dominate the Polish retailer landscape and be the leader in the region. Sales strong for reinvesting in new stores, tech and shoppers In the first half of 2023, its sales (in PLN) increased by 24% and l-f-l growth reached 20%. Sales in H1 amounted to EUR 10.316, compared to EUR ...

Convenience stores 7-Eleven and CU announced they have started selling seasonal products for winter since 17 September in light of the increasing sales of winter products driven by the widened daily temperature difference. Increased sales in hot beverages and morning hours Sales of hot drinks and high-calorie products experienced 50% growth compared to last year. Particularly, 7-Eleven’s ‘S...

The Italian retailer has upgraded its website as it continues to expand its online offering as it focuses on its omnichannel strategy  A new look and feel with improved user experience The user interface has been improved across all devices; the new website features clearer images and a new layout with improved navigation. With the new “Intelligent Search” function and personalised recommen...

Announcing its interim results for the first six months of 2023, Co-op has reported sales in its food retail division down by 8.9% to £3,563m. This was substantially the result of the disposal of its fuel forecourt estate of 129 sites in late 2022. Excluding this impact, underlying sales grew by 4%. Total group sales (including life and financial services) were also impacted by the disposal, fall...

Boots has dropped its plans to launch its own marketplace as it focuses on other initiatives, such as its dropship programme. Meanwhile, the retailer is rolling out shoppable social media ads as part of a new value campaign. Previous plans to launch a marketplace In 2022, Boots announced plans to launch an online marketplace to enable third-party brands of any size to list their products on...

Ocado's Q3 sales increased by 7.2% to £569.6m thanks to the Big Price Drop campaign. They cut prices on 500+ items, boosting weekly orders by 1.9% to 381,000. In the last month of the quarter, they saw positive volume growth and a 4.2% increase in average basket value. "Perfect deliveries" remained high as part of their Perfect Execution Programme. Despite an 8.4% rise in average selling price...

The CEOs of five of Canada’s leading grocery retailers, Loblaw, Sobeys, Metro, Walmart and Costco have met with the country’s government as it focuses on solutions to bring down food prices. Prime Minister invitation The CEOs were invited to the meeting last week by the Prime Minister. It was led by Finance Minister, Chrystia Freeland, and Industry Minister, François-Philippe Champagne. Foo...

With legislation and shoppers driving sustainability programs, retailers and suppliers are innovating to meet targets and aspirations in this area. We are witnessing numerous initiatives such as electric delivery vehicles, minimising food waste and implementing vertical integration within the supply chain. Here are some of the latest developments. Renewable energy for a greener environment in...

Since Wilko announced it was entering administration earlier this month, PwC has been searching for a buyer. PwC has stated that it is likely that whoever purchases the chain will not be interested in the entire business, generating widescale redundancies. With continued speculation and no clarity on the outcome of Wilko’s administration, will Wilko survive, or is this an opportunity for other va...

While Sobeys’ discount stores saw double-digit growth in the first quarter, total sales only increased by 1.7% to $8,075.5m. Is the retailer’s limited discount presence holding back its performance in the current climate? Smaller discount business than its competitors Although inflation has been falling in Canada, food price inflation remains persistently high, up 8.5% in June. With Sobeys’...