Retail and consumer goods industry news

29 March 2022
The GB market declined by 6.3% in the 12 weeks to March 20th against 2021’s elevated performance, according to the latest data from Kantar. This result is being driven by the eating out sector reclaiming some spend from retail and food-to-go sales also picking up as socialising and working patterns begin to normalise. Compared to March 2020 when the pandemic impact started, sales were ahead by ju...
29 March 2022
Asda has revealed that sales edged upwards in 2021 and profits climbed substantially in its first results release under Issa brothers ownership. It has also used the occasion to highlight three new initiatives on private label, customer loyalty and quick commerce. Sales edge upwards against elevated comparative For calendar 2021 as a whole, Asda's sales grew by 0.5% (+0.6% LFL) to £20.4bn, ...
28 March 2022
Instacart, the leading on-demand fulfilment and delivery company in North America, has consolidated existing and new services under a new Instacart platform. We look at what this means for the business and its retail customers as it transforms to be a retail enablement organisation. Built a leadership position in on-demand delivery This is the first major move from Fidji Simo, who joined th...
28 March 2022
FamilyMart continues to adapt its stores to meet food for later missions. Our view: magnification of minimarts Earlier this year, we highlighted five trends that will shape retail in Asia . The magnification of minimarts was one of them, and this is impacting the product mix of convenience stores across the region. FamilyMart is not only upgrading food and beverages in Taiwan, but also doi...
28 March 2022
Speaking at the Shoptalk retail technology event in Las Vegas, Sam’s Club president & CEO, Kath McLay, outlined why the business remains confident that it can continue growing after an incredible two-year performance. Thriving under the radar While Costco, Target and Walmart have drawn the accolades for driving growth since the start of the pandemic, the success of the latter’s Sam’s Club b...
28 March 2022
Good Noodle is a new instant noodle speciality store that has opened in Bangkok. More than 70 types of noodles across Asia The store is opened in Bangkok mall last October. It has a seating area and allows you to cook and eat the instant noodles immediately. The brightly coloured store is a highly popular amongst teenagers, as a meal cost between THB6 to THB250 (US$0.18 to US$7.46), which i...
25 March 2022
The Co-op has announced that its Group Chief Executive, Steve Murrells is to step down following the society’s annual general meeting on 21 May. Steve Murrells has led the group since 2017 and first joined as head of its food retail business in 2012. The interim replacement from that date will be Shirine Khoury-Haq, who is currently Group Chief Financial Officer and Chief Executive of the Co-op’s...
24 March 2022
US-based Kroger has formed a strategic collaboration with NVIDIA to develop an AI lab to enable it to reimagine the shopper experience. Three focus areas The new lab and demonstration centre will be developed within Kroger’s Cincinnati HQ. The collaboration will draw on NVIDIA’s capabilities as a leading computer chip company centred on computer graphics, high performance computing and arti...
24 March 2022
Asda has revealed details of the first 15 brands to pass through its Nurture programme, aimed at encouraging innovation from small scale suppliers. 46 lines will now be introduced to almost 100 stores over the next month, some of them exclusive to Asda, helping to provide unique reasons for shoppers to choose the retailer. Affordable innovation Starting from 95p, the range will be displayed...
24 March 2022
Finland’s Kesko announced it has updated it sustainability strategy. The retailer aims to continue its sustainability journey by staying ahead of the competition. Previously, Kesko has made the Global 100 Most Sustainable Corporations in the World list by Corporate Knights. Kesko’s sustainability strategy The retailer’s sustainability strategy focuses on four areas: Climate and nature S...