Retail and consumer goods industry news

09 August 2013
Brazilian drugstore retailer RaiaDrogasil has reported gross revenue growth of 16.6% for the second quarter of 2013, and 10.2% growth in same store sales. Ongoing rebranding of stores RaiaDrogasil opened 25 new stores and closed ten in quarter two. It also temporarily suspended operations at five other stores as the rebranding and optimisation project continued. The retailer believes that ...
08 August 2013
Ahead of Tesco's official launch of its new destination format Extra store in Watford on Monday 12 August, we've been in-store for an early look at the new hypermarket format. High profile launch combining 18 months of hard work This is a high profile relaunch for Tesco as it looks to re-invigorate growth in its largest hypermarket stores. When we passed by, there was a lots of activity i...
08 August 2013
Belgium-based Delhaize has announced second quarter results saying that it had enjoyed revenue growth of 1.7% at identical exchange rates, with comparable sales rising by 1.1% in the US and 0.8% in its home market. Retailer enjoying strong organic revenue growth Delhaize said that at a group level it had seen organic revenue rise by 1.9%, with the US being particularly strong. At its ope...
08 August 2013
Despite cautious shopper spending in Thailand, the operating company of 7-Eleven and Siam Makro in Thailand reported consolidated total revenue growth of 15.3% and net profit growth of 8.9% in the first half of the year. Double digit revenue growth; profits reflecting cost of Makro acquisition Consolidated total revenue reached THB 106.5bn - double digit growth was driven by a combination...
08 August 2013
Carrefour has made two appointments, reported in local press, as it takes the Supeco cash & carry format to Romania, and strengthens its e-commerce and non-food business in France. Supeco format coming to Romania Carrefour has reportedly appointed Monica Coliu, formerly in charge of  private label in Romania, as project manager for Supeco. This banner launched in Spain in January 2013 ...
08 August 2013
Sainsbury's is expanding its trial of Mobile Scan and Go and also considering enabling customers to make mobile payments for their purchases. Trial expanded from three to 10 stores Sainsbury's Mobile Scan and Go was launched in three stores (Tadley, Bethnal Green and Clerkenwell) last October with a trial of 800 Nectar card holders. Following encouraging results, the retailer is now broaden...
08 August 2013
Musgrave has announced that it will be renaming its 24 Superquinn stores as SuperValu, in February 2014. Second largest grocer in Ireland By incorporating the Superquinn stores into the SuperValu portfolio, the  Musgrave -owned retailer will become the second largest grocer in Ireland . SuperValu will take on Superquinn's 5.4% market share in addition to its own 19.5% share. This will al...
08 August 2013
Celebrating convenience After a break of four years from TV screens, SPAR UK is set launch a new campaign which is intended to celebrate its convenience , and champion its value, product ranges and fresh produce, while "reinforcing its heritage at the heart of local communities". SPAR will kick start this new initiative with a 40 second brand building advert and sponsorship of 'Lorraine' o...
08 August 2013
The 'SuperCard' credit card has launched in Argentina this week, aimed at boosting business and lowering costs for consumers and retailers. Aim is to lower costs for consumers and retailers Argentina's domestic trade secretary, Guillermo Moreno, met with retailers in March to agree the launch of the SuperCard. It is valid for use in various retailers, including Coto, Carrefour, Jumbo, Dis...
07 August 2013
CVS has announced 2nd quarter results which are above market expectations Strong operating performance Total revenue for the three months ending 30th June increased by +1.7% to $31.2bn, during the same period operating profit increased by +15.2% to $1.96bn. President and CEO Larry Merlo said, "Our second quarter results reflect a strong operating performance with operating profit increasi...