Did you know ...? Coop Italia is planning to launch 5,000 new private-label SKUs over the next two years, increasing its product offering by 50%. The aim of the initiative, according to the cooperative, is ‘to ensure quality and safeguard purchasing power in an increasingly difficult economic situation’. At the same time, Coop Italia has set itself the goal of doubling private-label sales in four years, from €3 billion to €6 billion. Private-label sales accounted for around 30% of Coop Italia’s latest annual turnover of €14.4 billion.
Did you know ...? Edeka Minden-Hannover has reported a 3.5% increase in group sales, to approximately €11 billion, in its 2021 financial year. The sales of organic items grew by 20%, to €607 million, from €498 million in the preceding year. The total number of organic products in Edeka Minden-Hannover stores added up to approximately 13,800. The company continued to expand its network in this period, adding around 82,000 square metres of retail space.
Did you know ...? With most of the pressing concerns related to Covid-19 slowly fading away – at least in Europe – now is the time to take stock of the changes, from a retail perspective, that were triggered by the pandemic. A recent report from Railsbank outlines the nature of the new retail environment in the aftermath of Covid. According to the report, Retail’s New Consumer Personas: Understanding Behaviours and Buying Habits of Today’s Global Consumer, which was launched at the recent World Retail Congress in Rome, there are four different types of post-pandemic shoppers, who are defined by more than just demographics, but rather their interests and passions.
© 2022 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click sign up to subscribe to Checkout.
