Retail and consumer goods industry news

07 December 2022
Shoppers are very much in the swing of preparing for Christmas. Over the past couple of years, shoppers have longed for a ‘normal’ Christmas. Unfortunately, 2022 again brings new challenges and this will create unique shopping behaviours. Once again, we have been out asking UK shoppers what their plans are for this Christmas. Where will they shop? How will they shop? What will they eat? These ...
07 December 2022
Vancouver-based Georgia Main Food Group has developed a strong local following and global retail interest since the launch of its first store under the Fresh St. Market banner in 2013. As part of the growth plan for the format, alongside new developments, the retailer has also been converting former IGA locations. We visited a newly converted store in Langley, British Columbia, to see how the for...
07 December 2022
Tesco and dunnhumby have unveiled the next phase of their Tesco Media & Insight Platform. The partnership has launched new onsite and in-store media channels, announced new self-serve capabilities, and confirmed several partnerships expanding the offsite channels available through the platform. The increased suite of media options “ will help brands improve engagement with Tesco customers and off...
07 December 2022
Metcash has reported strong half year results for FY23 with revenue up 8.2% to AUD7.7 bn (US$5.2 bn) and EBIT up 10.9% to AUD231m (US$155m) while cycling the impact of extensive lockdowns. We highllight the key learnings and assess the outlook for H2: 1. Food pillar performing well, underpinned by strong demand Food sales increased 3.1% to AUD4.7 bn (US$3.2 bn). On a three-year basis, food ...
06 December 2022
We’ve already looked at the trends shaping festive food-to-go ranges this year but what’s shaping menu innovation in the wider eating out market? We hosted our first eating out immersion day focused on Christmas last week – here are the top trends we’re seeing in menus this year. 1. Twists on traditional favourites Operators are using the flavours of Christmas in different ways, all...
06 December 2022
7-Eleven Singapore recently opened 7Café, its first café concept store in Singapore. The store is located at Jewel Changi Airport shopping mall, just beside Changi Airport. It is positioned as a café that allows travellers to recharge. Source: IGD Research Wide array of food and beverage options Source: IGD Research The café has a great variety of food and beverage options. ...
06 December 2022
The latest release from the British Retail Consortium Retail Sales Monitor (BRC-RSM) reports that in November UK retail sales accelerated to 4.2% on a Total basis. However, as price inflation has also continued to accelerate during this time, this still represents a volume decline. Black Friday activity, launched roughly a week earlier than in 2021, drove sales for non-food, with fashion and h...
06 December 2022
Italian retailers continue to experiment with store concepts, focusing on proximity and urban formats, while we are also seeing more retailers trial cashierless stores. Meanwhile, retailers, such as Eurospin, have launched new private label ranges to improve shoppers' quality perception and meet shopper needs. Finally, retailers have started to forecast their 2022 results ahead of the Christmas p...
06 December 2022
Asda has announced an ambition to create 10,000 new convenience store jobs over the next four years as it accelerates the rollout of its new Asda Express store concept. To open 300 more by the end of 2026 Asda has confirmed its plans to open 300 more by the end of 2026, to "bring Asda value and great products to even more customers and local communities throughout the UK." With sales in con...
05 December 2022
As Ocado pauses the opening of new customer fulfilment centres (CFCs) and trials a digital deposit return scheme, we round up news from the retailer. Ocado pauses expansion due to reduced demand Ocado had planned to open more automated CFCs over the next few years to keep up with growing demand.  However, in a recent presentation to analysts it announced that two new CFCs scheduled to open ...