Retail and consumer goods industry news

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...

Paperchase has officially launched in Tesco stores and Tesco online. The stationery offer brings a range of cards and stationery products to shoppers, including greetings cards and gift-wrap materials; party decorations and accessories; notebooks, calendars and diaries; and home accessories. The range will be available in 250 Tesco stores as part of the retailer’s ambition to ‘make shopping...

There has been a flurry of ups and downs across the Polish retailer landscape. Biedronka a discounter with plans to dominate via an aggressive expansion plan Biedronka dominates the discounter space in Poland with a 91% penetration across the market and 3473 stores as of September 2023. The parent group, Jeronimo Martins, has announced the expansion of Biedronka across Slovenia - with ...

Carrefour reports a strong performance in some challenging environments. Furthermore, Carrefour Poland demonstrates how affective its commitments to reducing food waste have proven to be. Carrefour’s Q3 performance The retailer confirms its sales in Q3 2023 reached €23,629m an increase of 6.9%, with like-for-like (LFL) sales growing by 9%, compared to Q3 2022. Source: Carrefour ...

Casino Group’s France Retail net sales were down -6.5% year-on-year (YoY), and -5.6% in like-for-like sales (LFL), resulting in €3.4bn in Q3 2023. Similar to the first half of the year, the only small positive was its Parisian and convenience banners, while Supermarkets, Hypermarkets and Cdiscount experienced a continued decline in net sales.  Supermarkets are slowly recovering while Hypermark...

Since Wilko announced it was entering administration earlier this year, PwC has been searching for a buyer. PwC has stated that it is likely that whoever purchases the chain will not be interested in the entire business, generating widescale redundancies. With continued speculation and no clarity on the outcome of Wilko’s administration, will Wilko survive, or is this an opportunity for other var...

After 33 years at Tesco, including six as UK CEO, Jason Tarry will step down from the role in March 2024. Jason Tarry leaves Tesco on “exceptionally strong foundations” Jason Tarry has steered the UK business through the turbulent times of Covid and the cost-of-living crisis. Ken Murphy praised his “immense contribution to the business”, highlighting his values, commitment, and dedication...

The new look shop-in-shop at Tesco Walkden delivers on inspiring products and differentiating the offer for health-conscious shoppers, but the experience may not be seamless… The start of the “food as medicine” trend in mainstream grocery in the UK? Located adjacent to both the in-store pharmacy and health & beauty category, the concession’s range is a perfect fit for the “eat to feel wel...

US grocer Sprouts Farmers Market (Sprouts) ended 2022 with 286 stores, spread throughout 23 states. The health-focussed retailer is accelerating the roll out if its new V6 store model, which has seen early signs of success. We visited a recent opening in Dallas, Texas (opened March 2023) and here we explore all of the latest features. Improved store design The key change in Sprouts’ new sto...

As both Woolworths and Coles have reported their Q1 sales revenue, we size up their results and provide a view on their outlook. Topline results: Woolworths grows faster than Coles Woolworths Food Retail grew 6.4% (quarter ended 1 Oct), while Coles Supermarkets grew 4.7% for (quarter ended 24 Sep). At Woolworths, CEO Brad Banducci said inflation had moderated in fruits, vegetables and me...