Retail and consumer goods industry news

06 May 2022
Asda has launched a new price match initiative against Home Bargains, in a move that demonstrates how much of a threat the fast expanding variety discounter has become to the UK’s third largest grocer. Source: IGD Research Price Matching on over 100 lines Home Bargains Price Match extends to over 100 popular branded lines stocked by the variety discounter. While the focus is v...
06 May 2022
Spanish cooperative Eroski posted gross sales of €5.1 bn during fiscal 2021, a 4.8% decrease on 2020’s figure. The fall was attributed to COVID-19 restrictions, which were in place during parts of 2021. These affected sales at Eroski’s petrol stations, travel agencies, and its operations in tourist regions, such as the Balearics. However, despite the fall in sales, the turnover from food-based...
05 May 2022
Loblaw delivered a solid sales performance in Q1 against tough comparables from last year. But the real story is the growth in profitability, with net earnings soaring by 40%. We look at what’s behind these results. Q1 key numbers Total revenue increased 3.3% to $12,262m Retail segment sales increased 3.2% to $12,045m Food retail same-stores sales increased by 2.1%, with drug retai...
05 May 2022
Tesco is to partner with Uber Eats, which will see the latter’s network of couriers deliver orders as part of Tesco’s Whoosh one-hour delivery service. Orders to be made through Tesco’s digital channels The partnership will see Uber Eats simply deliver the orders on behalf of Tesco, with orders still being made through Tesco.com or the retailer’s Grocery and Clubcard apps, rather than on Ub...
04 May 2022
Jerónimo Martins has announced its Q1 2022 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Sales performance Jerónimo Martins’ consolidated sales increased by 15.2% to €5.5 bn compared to Q1 2021. Group EBITDA increased by 15.5% to €372m, a strong first quarter considering high and increasing inflation across all operating ma...
04 May 2022
Marks & Spencer (M&S) launched an impressive new concept store in a former Debenhams department store site. The M&S ‘store of the future’ was opened on the Roaring Meg retail park in Stevenage on Thursday 28 April 2022. The 75,000 sq. ft M&S store overs two floors, with the food hall, women’s clothing and a beauty department on the ground floor and homeware, baby and kids wear, an opticians, a...
03 May 2022
Despite the impact of omicron and flooding across Australia, Woolworths has reported sales growth of 9.7% to AU$15,123m for the 13 weeks ending 3 April 2022. The retailer is outpacing Coles in Australia, but what else do the results tell us… Australian Food sales up 5.4% to AU$11,432m Although time periods are not directly comparable, growth of 5.4% compares to that of 4.2% reported by Cole...
03 May 2022
Amazon's net sales increased by 7% year-on-year (YoY) to $116.4bn and operating income decreased (59)% to $3.7bn for the first quarter (ended March 31). International business in decline Sales from Amazon’s international segment declined (6)% YoY, compared to North America which grew 8% YoY. Both the International and North American segments delivered an operating loss of ($1.6)bn and ($1...
03 May 2022
According to a report by The Wall Street Journal, Couche-Tard and EG Group could potentially merge, with the latter valued at around US$16bn. Where do the two businesses overlap? The convenience market in the U.S is highly fragmented, with approx. 150,000 stores trading. Couche-Tard is the second largest operator with about 7,150 sites, while EG has approx. 1,700 stores. The merger could he...
29 April 2022
Publix has become the first US grocery retailer to partner with Instacart to use the company’s new nano-fulfillment solution, Carrot Warehouses. 15-minute delivery The on-demand delivery company, Instacart, repositioned itself earlier this year as a retail enablement company. This saw the launch of the Instacart platform , which includes what it describes as a "nano-fulfillment solutio...