Sector News

Amazon’s CEO Andy Jassy tells the FT that the company is ready to ‘go big’ on bricks-and-mortar stores.

Food inflation has reached a record breaking +16.7%, the highest since Kantar began tracking it in 2008.

The recent market data from Kantar for the four weeks to 22 January shows 3YoY online sales growth was up 58.4%, whilst in-store (offline) based growth at +8.6%.

Reuters: Amazon’s CEO, Andy Jassy, commented that the future of grocery will be both online and offline, or omnichannel.

“Instead of seeing their stores as liabilities to be reduced, many savvy brick-and-mortar dominant legacy retailers began to see them as important assets in the convenience wars”.

Further evidence of retailers committing to #omnichannel, with Supermarket Income REIT tenant Marks and Spencer announcing the expansion of its offering with 20 new ‘bigger and better’ stores, including 12 food halls.

The UK’s biggest grocer Tesco announced in its Q3 and Christmas trading statement that it is the only one of the major grocers to have grown its market share vs pre pandemic levels over the Christmas period.

Marks and Spencer has released its Christmas trading update, adding to the list of supermarkets who have seen a large sales increase over the period.

Supermarket Income REIT tenant Sainsbury’s has released its Q3 trading statement showing record Christmas sales.