Market News
Enterprise resiliency: nine areas of focus for COVID-19 crisis management
The global spread of COVID-19 is a humanitarian crisis, first and foremost. But it’s added yet another layer of disruption to the growing list of unexpected challenges facing leaders and...
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SME’s savings will be wiped out by the summer
A survey conducted by K&H Bank in mid-April has revealed: half of the businesses have been moderately impacted by the coronavirus pandemic, but 44 percent of Hungarian SMEs have been...
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Consumers turned a bit more optimistic in May after the catastrophic mood in April
Following the 38-point plunge in April, the GKI consumer confidence index climbed back more than 11 points in May. This means that after the -50 points in April, the index...
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Fundamental changes in consumer behaviour due to the crisis
There were approximately 5,000 participants in the international EY Future Consumer Index survey, which revealed: 42 percent of shoppers think that the current economic and social situation radically changes consumer...
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Print media is growing with the expansion of the media cake
In 2019 the size of the so-called media cake was HUF 245.08 billion, while the communication cake – which includes the media cake too – was HUF 467.96 billion big;...
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X5: New Perekrestok stores in the Volga and Ural regions
Russia’s X5 Retail Group plans to open 21 Perekrestok stores in the Ural and Volga regions, adding about 33,000m² of selling space to its network. The group will acquire long-term...
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Caprabo’s new distribution centre opens in June
Spanish retailer Caprabo has announced: its new distribution centre for fresh produce in Barcelona will start operating in June. The new 24,600m² warehouse will store all the fresh produce the...
Read moreLidl ’Veggie Block’ concept extended to more stores
Lidl Switzerland decided to expand its Veggie Block concept to another 140 stores across the country. The Veggie Block is a specially marked shelf dedicated to vegetarian and vegan products;...
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Rema 1000 rolls out packaging made of recycled fishing nets
Denmark’s Rema 1000 has introduced its private label dishwasher cleaner in a new dark green packaging made from recycled fishing nets. The retailer has joined forces with the Danish company Plastix for...
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Rewe searches for new acquisition targets
German supermarket chain Rewe is looking for new acquisition targets. The retailer has decided that instead of panicking and stopping investment projects, it will consider all acquisition opportunities. Although sales...
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Firsthand information from market researchers: The first online TMC meetingPopai
There were nearly 70 participants at the online club meeting organised by Trade magazin, Trade Marketing Club (TMC) and POPAI Association on 23 April. Trade magazin’s managing director and editor-in-chief...
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SPAR Austria sells drinks in eco-friendly glass packaging
SPAR Austria is offering five of its best selling private label drinks in environmentally friendly packaging. The company has substituted the packaging of its 1-litre soda water, apple juice, orange...
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Macai is the name of Italy’s new online supermarket
A new independent online supermarket called Macai has opened in Italy. Customers can place a minimum order that is worth EUR 70 and they need to pay an additional shipping...
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Walmart: Artificial intelligence assists shoppers in China
Walmart China installed self-service smart scales from Malong Technologies in 100 stores. Malong participates in Omega 8, a communication platform designed to connect Walmart and innovative technology companies to develop...
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KKR acquires majority share in Coty’s beauty and hair care business line
Cosmetics company Coty Inc has said yes to selling a majority share in its beauty and retail hair businesses – including the Wella and Clairol brands – to KKR. The deal’s value was...
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Cautious expansion
Aldi Süd continues implementing its long-term expansion plans in China. More than 250 employees are working for Aldi China at the moment. The discounter currently operates 7 neighbourhood markets in...
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The number of stores continued to decline in 2019
The number of stores has decreased by 25,000 in ten years and by 2,000 in one year, according to the latest statistics. Now we can only go to 127 thousand...
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Digimeter measures the digital maturity of companies
Virgo group member SmartCommerce Consulting, together with Reacty Digital and Cégjelző have started the Digimeter service, a system that measures the digital maturity and development level of companies, and defines...
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Nestlé makes customisable superfood drink with nesQino
Nestlé has launched nesQino in China: the new product allows consumers to prepare personalised, healthy superfood drinks. It comprises a silent, digitally connected Q-cup machine, superfood sachets and three base...
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Morrisons supports farmers
In the UK Morrisons has started selling restaurant-quality meat for half price in its new summer steak and seafood bars, aiming to support farmers during the coronavirus pandemic. The retailer...
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Aldi advertises leisure wear collection with Lukas Podolski
Aldi Nord and Aldi Süd are introducing an exclusive leisurewear line for men and children, in collaboration with world champion footballer Lukas Podolski. The collection is called 10LP and it has been...
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Imperial Brands to sell premium cigar business for 1.23 billion euros
Tobacco company Imperial Brands is selling its premium cigar business for EUR 1.23 billion to a group of private investors. The Winston and Gauloises Blondes cigarette maker told: the sale...
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Uber Eats leaves seven markets
Eats is pulling out of the following markets: Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay and Ukraine. The company is also transferring its Uber Eats business operations in the...
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Russian discounter Mere continues expansion
Russian hard discounter Mere has opened a new store in Germany and is ready to expand into more markets in Europe. In its home country, the retailer has made it...
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Kaufland launches insect-based food items in Croatia
Kaufland has rolled out insect-based products in Croatia. The product selection includes crispy crickets with spices or natural flavours, burgers made of cricket flour, protein cookies from bugs in almond,...
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1,700 Kroger stores start selling Impossible Burger
Plant-based food company Impossible Foods is speeding up its retail expansion with the rollout of its flagship Impossible Burger in more than 1,700 Kroger grocery stores. The company’s plant-based meat...
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Waitrose to double online capacity with new fulfilment centre
On 7 May Waitrose opened a 6-acre customer fulfilment centre in London in a bid to double its online grocery orders by September. The centre created 370 jobs, which will...
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Albert Heijn to sell milk from climate-neutral farms from 2021
Dutch retailer Albert Heijn has announced plans to start selling milk from farms that have neutralised their greenhouse gas emissions by 2021. The retailer has also extended its collaboration with Royal A-ware...
Read moreTesco makes first wave of 45,000 temporary workers redundant
Tesco has begun laying off the first wave of the 45,000 temporary workers it had recruited at the height of the coronavirus pandemic. In one store 80 percent of the...
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Facebook Shops launched
Facebook has launched its Facebook Shops service, which small businesses can use to start an online shop that users can reach from both Facebook and Instagram. Depending on the size...
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