Retail and consumer goods industry news

18 December 2020
Tesco has confirmed it has completed the divestment of its operations in Thailand and Malaysia to CP Group . The sale follows regulatory clearance from the Thai and Malaysian competition authorities . CP Group strengthened by Tesco deal CP Group operates across many industrial and service sectors. Its retail arm, CP Food combines vertically integrated agriculture and manufacturing of pr...
17 December 2020
Walmart is partnering with some of TikTok’s most popular creators to offer a livestream shopping experience. Shopping directly from the TikTok platform Through this partnership the TikTok community will be able to purchase fashion items featured in content from the creators. They will be able to do this without leaving the TikTok platform. This will be the first shoppable livestream event o...
17 December 2020
Earlier this month, the world’s first solely electric forecourt opened in Braintree, UK .  The site is a prototype for up to 100 locations to be built by Gridserve across the UK over the next five years as part of a £1bn programme to help make electric vehicle (EV) driving an enjoyable, ultra-convenient and stress-free experience. Together with GRIDSERVE, the project has been funded by Hitac...
17 December 2020
Leading northern regional food and grocery wholesaler, Parfetts has launched a limited number of exclusive private label lines for the first time.  To date it has sourced private label lines under the Lifestyle and Caterer’s Kitchen brands through its buying group membership, initially with Landmark and then latterly with Unitas.  The new lines (c20 in total), launched in November, sit alongside ...
16 December 2020
New data from IGD reveals that the online grocery channel is set to represent 5% of the US grocery market by 2022, with a value of $82.0bn. Channel sales almost doubling in 2020 This new forecast represents a significant acceleration of growth within the channel. Previously we had forecast that sales through the channel would not reach this value until 2025. This new forecast aligns with re...
16 December 2020
The Irish grocery market continues to see growth accelerate, as another lockdown begins and we approach the festive season. Take-home grocery sales grew 16.4% in the 12 weeks to 29th November, according to the latest figures from Kantar, an increase on the 14.4% growth we saw in the previous reporting period. Busiest month since first lockdown Just as we saw in October, spend was over €1bn ...
16 December 2020
Colruyt reported its first half results, with revenue rising by 5.7% to €4.99 bn. However, the retailer said its growth was below that for the market as shoppers’ changing buying habits saw ‘ neighbourhood store concepts in particular experienced faster growth during the COVID-19 period, in part due to their greater number and therefore proximity ’. Underlining the difference in performance, C...
16 December 2020
Tesco convenience subsidiary, One Stop is to roll-out a delivery partnership with Deliveroo to 200 of its 700 company-owned stores.  On-demand local delivery services have seen rapid growth over the course of the coronavirus pandemic episode and One Stop joins other major c-store operators, such as Co-op and McColls, tapping into the capability of third-party delivery specialists as a quick way t...
16 December 2020
Cheers, a chain of convenience stores operated by FairPrice, has launched a new smart store in Our Tampines Hub. First store powered by Artificial Intelligence Source: IGD Research This is the first store where shoppers can enter, pick the products they need and walk out. Payment is done automatically through a facial recognition technology within the ...
16 December 2020
Spain-based Mercadona has revealed long-term investment plans to strengthen its logistics capacity. Meanwhile, the retailer continues to focus on reducing its use of plastic through its 6.25 strategy, while its suppliers sustain their pace of innovation to keep up with shopper demands. Mercadona to invest €1 bn in its supply chain Mercadona will invest €1 bn between 2021 and 2025 to enable ...