Global grocery retail to add $2.2 trillion in sales by 2024

Global grocery retail to add $2.2 trillion in sales by 2024

Dec 13, 2019 | News

The global grocery retail market will generate an additional US$2.2 trillion in sales by 2024, growing by 24%, according to the latest forecast from international research organisation IGD. IGD’s forecast anticipates: Asia will account for nearly 50% of all new sales...
Asia to generate $4264 billion of grocery sales by 2023

Asia to generate $4264 billion of grocery sales by 2023

Apr 16, 2019 | News

Market research from IGD Asia predicts the top five markets in Asia will account for 83% of the region’s grocery sales in 2023, and 78.8% of total growth over the next five years. The grocery market will be worth US$4264 billion by 2023, up from $3126 billion in 2018....
Online grocery shopping to reach £13.6 billion

Online grocery shopping to reach £13.6 billion

Apr 12, 2019 | News, Retailing

Consumers are continuing to shop online, with sales of groceries in the UK hitting £12.3 billion last year, and expected to reach £13.6 billion this year, according to the latest research from Mintel. The organisation reports that the online grocery sector is still...
Sainsbury’s grocery sales up 1.2%

Sainsbury’s grocery sales up 1.2%

Nov 12, 2018 | News, Retailing

Sainsbury’s food sales benefited from the hot summer, with grocery sales up 1.2% in the interim results for the 28 weeks to 22nd September 2018. Like-for-like sales (excluding fuel) are up 0.6% and groceries online grew nearly 7%. Commenting on the Interim Results...
Supermarket shoppers stock up on festive produce

Supermarket shoppers stock up on festive produce

Oct 16, 2018 | News, Retailing

Shoppers have returned to seasonal favourites as supermarket spending cools off, according to the latest figures from Kantar Worldpanel for the 12 weeks to 7th October 2018. Overall sales grew 3.2% compared to the same 12 weeks last year. Though this is a slight...