Retail and consumer goods industry news

Ok, I must admit I have had my tree up for two weeks already, I am Christmas fan and today I got to open my first advent calendar window. Here at IGD we share our thoughts on the tradition of advent calendars, how it has evolved and what our employees gave and received. Advent calendars – stepped in religious history dating back to the 19 th century – Charl Baird, Insight Manager It is b...

Tesco has installed its 1,800 th in-store digital screen, a significant increase from the 400 screens it had in place in March this year. As first reported by The Grocer, the network of screens covers 420 of Tesco’s stores, making it the largest in the UK grocery market. The news comes after Sainsbury’s announced its plans for an 800-screen network last month. Tesco’s Chief Commercial Of...

Asda’s expansion into the convenience channel shows no signs of slowing down. Following the recent opening of its 100 th Asda Express store the retailer has announced plans to treble its convenience store presence in London by the end of March. Since its first London Asda Express opened in December 2022 , the retailer has brought the number up to eight stores. This will rapidly expand i...

Tesco’s partnership with Ikea is being extended to a further 70 stores following a successful pilot scheme that has been running in 12 stores for the last 12 months. The partnership provides shoppers the opportunity to collect online Ikea orders from their local Tesco car park. The click-and-collect locations will be available across England, Scotland, Wales and Northern Ireland, with the ro...

Lidl are expecting a record-breaking Christmas after seeing 11% increase in customers over the last six weeks. This supports our recent ShopperVista pre-Christmas research which illustrates that 36% of shoppers plan to shop more in Lidl in the weeks leading up to Christmas. Lidl’s CEO Ryan McDonnell said they have seen shoppers planning and preparing for Christmas earlier this year with minc...

During the pandemic, convenience retailers in Thailand adapted quickly to serve households with daily-use products. With the rebound of tourism and renewed optimism in the economy, Thai convenience retailers have continued to evolve their formats to differentiate themselves. 1. Unique experiences – Joyful shopping at Tops Daily Tops Daily has transformed the formats of its Tops Daily stores...

Trader Joe’s was acquired by Aldi Nord in 1979 and now operates more than 560 stores across 42 states. Despite being owned by the discount giant, its proposition is more akin to a speciality grocer than discounter. I recently visited several stores to discover why Trader Joe’s has become one of the USA’s most popular grocers and how it stands out in the country’s competitive supermarket channel. ...

The German hypermarket retailer saw sales in Romania increase by over 15% in 2022. The market is also used by Kaufland to test new concepts, so what could be coming to its other European markets? Innovation in one of the fastest growing European markets IGD’s European channel forecasts 2023-2028 forecast that Romania will be one of the region’s fastest growing markets over the next five...

Christmas is upon us and influencing shoppers will be as important as ever for retailers. This year’s Christmas adverts from the UK’s grocery retailers have a common theme in that they tend to lead with a celebrity cameo. However, let's look at the approach each has taken in more detail. Tesco: growing the Christmas spirit with festive foods Tesco’s Christmas advert follows a family wh...

China: Temu’s parent PDD Holdings reported an outstanding Q3 PDD Holdings, home to the rising cross-border online discount platform, has reported a year-on-year increase of over 90% in revenue, amounting to $9.44 billion in Q3. Temu has come under the spotlight of many online retailers since the platform rose to the top of app stores in the US in just a few weeks and has now gained a presence ...