Retail and consumer goods industry news

04 July 2022
Food inflation and the overall cost of living pressures on consumers for the near future should provide a positive outlook for the future of Lidl as customers move to discounters for their shopping needs.  Lidl also came out on top of Europe’s leading grocery retailers in 2026 forecast from IGD so why is everything looking so optimistic for the German Discounting powerhouse? 1. Ruthless focus...
03 July 2022
As part of its annual general meeting, Spain-based retailer alliance Grupo IFA has reported its 2021 results with a total consolidated turnover of €33.2 bn, across all its operations in Spain, Portugal and Italy. Who is Grupo IFA? Grupo IFA is the leading retail group by surface area in the Spanish and Portuguese markets and comprises 34 affiliate members and 137 affiliated companies. In...
30 June 2022
In March 2021, Carrefour Brazil reached an agreement to acquire Grupo BIG from Advent International and Walmart, subject to approval from Brazil’s antitrust watchdog CADE (The Administrative Council for Economic Defense). This was approved on 25 May 2022, subject to Carrefour disposing of 14 stores in anti-competitive locations. Earlier this month (7 June) the acquisition was finalised. It...
30 June 2022
Couche-Tard reported total revenues increased by 37.3%, an additional US$17.0 bn, to US$62.8 bn, in its 2022 financial year. The company reported broad based growth across geographies, store-based sales, and for fuel, which was driven by rising prices, rather than increases in volume. Key numbers from the full year results… Total revenue up 37.3% to US$62.8 bn Merchandise and service ...
30 June 2022
Morrisons has reported sharply lower sales for Q2 which it has attributed to ongoing inflationary pressure and the downturn in consumer sentiment. -6.4% LFL decline Group like-for-like sales fell by 6.4% in the 13 weeks to May 1 st (ex VAT and fuel). Supermarket sales improved towards the end of the period, boosted by Mother’s Day and Easter though remained negative against pandemic elevat...
29 June 2022
B&M has provided a trading update for the 13 weeks between 27 March and 25 June reporting that group revenues fell 2.2%, on a constant currency basis, to £1.16 bn. Like-for-like sales in the retailer’s core UK B&M estate fell 9.1% as it had to contend with challenging comparatives versus 2021 and poor weather in 2022. April proved to be an anomaly in B&M UK’s performance In the core B&M UK ...
28 June 2022
I made a quick stop at the Co-op store while at Glastonbury Festival to see how it has adapted its offer to attendees’ specific needs. The retailer has a long-standing presence at festivals since opening its first in 2018 as part of a partnership with event organiser Live Nation , with subsequent versions, including the one I visited, taking learnings from previous versions. Strong adaptati...
28 June 2022
Walgreens Boots Alliance (WBA) will retain ownership of its Boots and No 7 Beauty company. The decision was announced after no potential buyers could make an offer that ‘adequately reflected’ the valuation of the business. Challenging times has led to WBA’s decision to keep Boots UK The group concluded, after a thorough review that began in January 2022, to retain Boots and No 7 Beauty...
28 June 2022
In our upcoming UK Future Talk webinar hear from our two speakers as they look at the current cost-of-living crisis and inflation’s impact on the outlook for shoppers and grocery retailing in the UK. UK channel forecasts to 2027 First up, Nick will introduce our recently published market and channel forecasts to 2027. He will look at the factors expected to shape the outlook for the UK’...
27 June 2022
Latest accounts filed with Companies House show the UK operation of global warehouse club operator Costco saw its sales rise by 14.4% in the year to 29 August 2021, reaching £3,582m over the 12 months. This is the wholesaler’s second year of double-digit growth over the pandemic period, following its +15.7% performance in the year to 30 August 2020 . Outstanding ‘pandemic’ result with broad...