News

Retail and consumer goods industry news

27 November 2013
Belgium-based Colruyt has announced results for the first half of its financial year, saying that revenue was up 4.6% to €4.25 billion. Investment in price continues Colruyt noted that its investment in price continued in both its home market of Belgium and France, which helped underpin its revenue growth of 4.8% to €3.22 billion in its retail division. In Belgium the retailer said that it...
27 November 2013
Retaildetail reports that Belgium-based Louis Delhaize will open its first standalone Drive in its home market, under the banner name Wink. Retailer says it is markets first standalone Drive Commenting on the launch, Louis Delhaize’s managing director, Cedric Antonie, said the concept is ‘ …unlike anything that exists in Belgium up until now: it is the first fully standalone 'Drive' in our co...
26 November 2013
Couche-Tard’s total merchandise and service revenues increased by 2.6% to $1.9bn over the 12 weeks to October 13. Same-store merchandise and service revenues increased by 4.5% in the US, 1.9% in Europe and 3.2% in Canada. Net earnings increased by 26.8% to $229.8m. Traffic driving strategies deliver for Couche-Tard Couche-Tard’s second quarter performance builds on an improved set of Q1 re...
26 November 2013
IGA has launched its new Christmas campaign encouraging shoppers to 'save time, and shop local' this Christmas. Year of the celebrity Christmas campaign The new advert features comedian and actor Anh Do riding a red scooter and sidecar around Australia, reminding shoppers that they are never far from am IGA or Supa IGA store this Christmas. The campaign is supported by a page on the IGA webs...
26 November 2013
In an interview with Portalspozywczy.pl, Lidl Poland’s president, Michal Lagunionek, has said that the retailer will continue to focus on organic growth in the country. Retailer’s strategy aided by feedback from shoppers Lagunionek said that Lidl had been able to open ‘ dozens of new stores ’ in recent years, a strategy that it would maintain in the short term. In addition to this he said tha...
26 November 2013
France-based Auchan has launched the QiLive brand, a private label that it will use for its electronic products. Tablet is first QiLive product The retailer has launched a tablet under the QiLive brand, with prices ranging between €149 and €249, with other products, like smartphones and cameras, to follow. A spokesperson was quoted as saying, ‘ The brand offers a range composed of accessible,...
26 November 2013
Asda has announced that its CFO, Richard Mayfield, is to become CFO of Walmart's EMEA region. He will be replaced by former Tesco executive Alex Russo. Experienced retail finance director to join Asda Alex Russo will take up his role on January 6th and was previously CFO of Tesco's South Korean business.  He is currently a senior independent director at Delosi, a Peruvian company specialising...
26 November 2013
Latest market figures from Nielsen indicate that sales growth amongst the UK's leading supermarket chains slowed to 1.7% in the 12 weeks to 9 November, marginally down on 1.8% seen in the previously reported period to 12 October.  In volume terms Nielsen data indicates a decline of 1.7%. 'Late' Christmas expected While some commentators point to improving signs in the UK economy, factors suc...
26 November 2013
CVS Caremark has named Helena Foukes as the new President of CVS/Pharmacy with effect from January 1st 2014. Further innovation planned Ms Foukes takes over from Mark Cosby who has lead the company's retail business since October 2011. She has been with the business for 21 years, her previous position was that of Chief Healthcare Strategy and Marketing Officer. Throughout her career with the...
26 November 2013
Major national UK wholesaler, Bestway has announced expanded group-wide roles for Martin Race and David Gilroy following the decision of group trading director Kaiser Yousaf to step down due to ill-health.  Kaiser Yousaf joined Bestway in 1982 and has been an influential figure in the company's trading team during its ongoing expansion as the number two player in the UK cash & carry sector. Marti...