Retail and consumer goods industry news

12 January 2021
Walmart is partnering with Ribbit Capital to create a new fintech startup organisation with a focus on developing innovative and affordable financial solutions. Optimising Walmart’s scale This new partnership brings together Walmart’s retail knowledge and scale with Ribbit’s fintech expertise to deliver tech-driven financial experiences. The global investment firm is focused on investing in...
11 January 2021
The UK’s Groceries Code Adjudicator, Mark White, has today (11 January) launched the regulator’s annual survey , inviting suppliers to share their experiences of how the sector is operating during highly challenging times.   An opportunity to influence how the sector is regulated The survey is an important opportunity for suppliers to tell the GCA about any Code issues they are facing...
11 January 2021
Olive Young, South Korea’s largest health and beauty retailer, announced last week to open an online shop on Shopee, Southeast Asia’s biggest ecommerce platform. Available in Indonesia and Malaysia first About 300 products under Olive Young’s six private brands, WAKEMAKE, colorgram, RoundAround, Botanic Heal boH, Bring Green and Filllimilli, will be available on Shopee. These items will ...
11 January 2021
Despite being an essential retailer, Poundland will once again be temporarily closing some of its stores as a result of the current lockdown. Reduced footfall leads to 'temporary hibernation' of 44 stores Poundland has put 44 stores into 'temporary hibernation', according to The Grocer. Stores closed on 8th January. Poundland has not given a date for when the stores will reopen, due to the ...
11 January 2021
Following on from the appointment of Yoann Alarçon as director of traditional fresh products at Carrefour France, local trade publication Lineaires has reported one of Alarçon’s first decisions has been to stop the retailer selling strawberries in January. Alarçon appointed as director of traditional fresh products at Carrefour France Carrefour France appointed Yoann Alarçon, who was the fo...
11 January 2021
Mexican business FEMSA, which owns the OXXO convenience store chain, are trialling autonomous convenience stores in Mexico. The small-sized units are designed to serve customers in hospitals, apartment complexes and offices. FEMSA has launched two stores in the format, which it has named OXXO Smart. Source: FEMSA Key characteristics of OXXO Smart The stores are fully autonomous (r...
11 January 2021
At a group level, Coop Switzerland reported sales fell by 0.2% to CHF30.2 bn (US$34.4 bn), with its performance held back by its specialist formats. Its grocery formats, though, saw strong growth, as shoppers changed where they bought food and cooked more at home due to the pandemic. Grocery formats see strong growth… Coop reported record sales growth at its supermarkets, at 14.4%, in 2020....
11 January 2021
As one of the first major suppliers to report results in 2021, we review Conagra Brands’ second quarter performance and why it’s so confident that demand for its products will remain elevated. Sales and profits ahead of expectations The second quarter performance, with net sales up 8.1% and adjusted operating profit up 21.7%, exceeded the company’s expectations. The pandemic continues to dr...
08 January 2021
M&S's Q3 and Christmas results reflect the challenges of operating in the environment created by COVID-19, with the retailer's sales strongly impacted by the increased restrictions in November. Results in detail show COVID-19's negative impact M&S's total UK revenue was down 8.3% to £2,529m in the 13 weeks to 26 December. Food faired better, with sales up by 2.2% to £1,742m. Like-for-like f...
08 January 2021
One of the most common questions I get asked by businesses, is how will my market develop over the next few years. While there remains uncertainty over what the next 12 months will look like, there is a strong sense of optimism that 2021 will be a year to rebuild, but also capitalise on the opportunities that have arisen in the ‘new normal’ across Asia. With this in mind, we have identified five ...