Better fruit and veg and a tighter product range are part of Coles’ new strategy to win the $90 billion grocery war. But the supermarket giant needs one more thing to beat the competition from Aldi and Amazon: lower prices.That’s the message managing director John Durkan had for analysts and investors at Wesfarmers’ strategy briefing day on Wednesday. He said suppliers would benefit as the supermarket chain would be able to sell their products at a higher volume if it got rid of “unrealistic” prices. (news.com.au)
IGD: UK Convenience channel to grow by 18% over next five years
IGD has said that the convenience channel in the UK is poised to grow by close to 18% over the next five years, to be valued at £47.1 billion. The research was revealed to coincide with the IGD Convenience Retailing Summit, which takes place in London today, and follows data that indicates that more than nine out of ten UK grocery shoppers (91%) visited a convenience store in the month of April. The research found that almost three in five (57%) consumers said they choose to shop in convenience stores because they are 'quicker to get around,' IGD said. (esmmagazine.com) Amazon, Aldi & Tesco among 'most valuable' global retail brands: BrandZ
Walmart (4th), Aldi (9th), Tesco (15th), Lidl (16th) and Carrefour (17th) have been named among the 'Most Valuable Global Retail Brands' according to the latest BrandZ report, produced by WPP and Kantar Millward Brown. (esmmagazine.com) IGD: UK food and grocery forecast to grow 15% by 2022
The UK food and grocery market is forecast to grow by 15% between now and 2022, giving it a value of £213 billion (€243 billion), according to the latest forecast released by IGD. The UK grocery research organisation has said it is predicting growth across all the major grocery channels, adding that the discounters are set to put in a ‘particularly strong performance driven by ambitious store opening programmes, new store formats and range investment’. (esmmagazine.com) Carrefour board set to nominate Bompard as new CEO
The board of French supermarket retailer Carrefour (CARR.PA) is set to nominate, on Monday at the latest, Alexandre Bompard, chief executive of consumer electronics retailer Fnac Darty (FNAC.PA), as its chosen CEO, sources familiar with the situation told Reuters. (Reuters)German delivery Hero goes public
German Delivery Hero, which owns meal delivery service Foodora and several other companies, will head to the stock exchange, which should attract 450 million euro. This should help it compete with several other companies, including Dutch Takeaway, better. (retaildetail.eu)Leading grocery co-op S Group signs deal to stock Tesco products
Finnish retail co-op S Group has announced a deal to stock 200 Tesco products in its stores under a new partnership with the supermarket giant. Industry experts say the deal, which focuses on Tesco’s finest and Free From ranges, reflects a trend among Nordic retailers to adapt their ranges to suit new trends. (thenews.coop) Coviran opens six new supermarkets in Portugal
Spanish cooperative and grocery retailer Coviran has opened six new supermarkets in Portugal in the last few weeks, operating under independent retailers. Coviran ended 2016 with 330 supermarkets nationwide, distributed in 18 districts and the two islands (Azores and Madeira). (esmmagazine.com)