Retail and consumer goods industry news

A look at the latest news from the retailer. Home Bargains price matched ‘paused’ Asda has halted its Home Bargains price match scheme to review the success of the campaign. As reported by The Grocer, the webpage that would take shoppers to the price match products now links to a different part of the website listing the retailer's departments. An Asda spokesperson said: “We’re ...

Tops, a food business under Central Retail Group, is enhanching its portfolio with a new convenience format. We visited Tops daily in Bangkok that embodies the Joy-venience concept. The new store format aims to infuse more enjoyment into shoppers’ daily lives. A new model – convenience, speed, accessibility, and proximity to home The format is designed to deliver an authentic connection wit...

Asda has completed the acquisition of EG Groups’ UK operations for an enterprise value of £2.07 bn. The news comes several months after the purchase was first announced back in May . Expansion into the convenience sector accelerates The purchase adds 356 EG Group sites to Asda’s growing convenience estate, with Asda saying all sites will be converted into its Asda Express format.   Th...

Sainsbury’s released its first half results today covering 28 weeks to 16 September 2023. Total retail sales for the first half were up +7.7% (exc. fuel, inc. VAT). Performance was driven by the grocery side of the business where sales were up +10.1%. Total general merchandise sales were up +1.1%, driven by Argos with +1.7% growth. Sainsbury’s general merchandise declined -1.9% whilst clothing...

Per Bank has taken the reigns as Loblaw’s new president and CEO. We consider what changes to anticipate over the next few months. Learning and understanding the market Per Bank’s appointment was announced in April, joining the business from Denmark’s largest retail business, Salling Group A/S, where he held the position of CEO. While we would typically not expect any immediate changes with a ...

Amazon’s has released its third quarter results showing positive growth with overall net sales increasing by 13% year-on-year. However, it is worth noting that Andy Jassy (CEO) and Brian Olsavsky (CFO) made no mention to Amazon’s grocery offering throughout the Q3 earnings call, highlighting a lack of focus here. Q3 key numbers: Total net sales increased +13% year-on-year (YoY) to $143.1...

As DFI Singapore celebrates the first anniversary of its yuu Rewards Club customer loyalty app, it continues to improve its offerings to sustain its growth. Successful first year Since its launch in end October 2023, yuu Rewards Club has had a successful take up rate. It hit a million app downloads within the first 100 days of launch alone, and has continued to grow further. Its success ...

The 10,000 jubilee Zabka opened on 27 th October 2023, in Stary Browar (Old Brewery), in Poznan. Engaging shoppers in the momentous occasion The shopping centre is visited by around 9 million people every year and they planned a grand opening. Looking for more insights on technology and innovation then visit our technology hub page. For more insight on the retailer, visit our Za...

We recently visited the Dallas–Fort Worth metroplex, which houses the headquarters for 7-Eleven’s US operations in Irving. We visited two of the retailers’ most recent Evolution Concept stores, in Dallas and Prosper. Here we explore some of the latest in-store initiatives. EV charging stations 7-Eleven offers electric vehicle charging stations in 29 stores, in five states. Its store in Pros...

Ahold Delhaize will acquire Profi from MidEuropa. Expansion in a fast-growing market Romanian retail chain Profi was recently put up for sale by its owner MidEuropa and it hasn’t taken long to find a buyer! Ahold Delhaize, who already operate supermarket and convenience stores under the Mega Image banner in the market, will acquire Profi in a €1.3 bn deal, subject to approval. The deal i...