News

Retail and consumer goods industry news

31 July 2013
Chile's Falabella added around 208,000 sq m of sales area over the last twelve months, helping drive revenue growth of 10.1% in its non-banking operations in the second quarter of 2013. Continues level of performance from Q1 These quarterly results follow good increases in operating income and revenues for the non-banking businesses in Q1, again due to greater sales area and positive sam...
31 July 2013
Portugal-based Jerónimo Martins has announced H1 results for the period ending 30 June saying that total consolidated sales had risen by 12.6% to €5.6 billion. Slowing economy affects Biedronka's sales growth The retailer highlighted the slowdown in Poland's economy, noting a 'softening of consumption and the weakness in the Euro area affecting exports'. This saw like-for-like sales at Bie...
31 July 2013
Whole Foods Market’s third quarter total sales, covering the 12 weeks to July 7, increased by 12.1% to $3.1bn, with comp sales increasing by 7.5%. Net income increased by 21.4% over the period to $142m. Committed to improving promotional activity and relative price positioning Whole Foods Market continues to demonstrate strong sales momentum reflecting the focus which it has placed on impr...
30 July 2013
Walgreens has announced that it will rebrand all 370 in-store clinics to Healthcare Clinics, the move will be completed by the end of August. Leveraging the Walgreens brand The clinics will continue to offer the same services, but with the emphasis on wellness, prevention and management of chronic medical conditions. "The new Healthcare Clinic allows us to leverage the strength of the  W...
30 July 2013
Following on from the company’s second quarter results announcement, Amazon discussed its Amazon Fresh and its ‘Prime’ offers. Fresh: ‘It’s a good customer experience’ Discussing Amazon’s extension of its Fresh offer to Los Angeles, the company’s senior vice president and chief financial officer, Thomas J Szkutak, highlighted how it had been trialling the service in Seattle in order to make i...
30 July 2013
After enjoying a period of strong online growth – that has seen the number of shoppers using the service double – Woolworths (South Africa) has announced that it is improving its digital offer. New site to offer retailer’s full range The retailer’s new web site is said to provide ‘a fresh look and a number of new features’. Commenting on the revamped site, Woolworths’ head of online, Nikki Co...
30 July 2013
Mexican retailer Soriana has reported a 0.4% increase in total revenue for the second quarter of 2013, hit by the slowdown in consumer spending. Economic difficulties a common theme in Q2 Other retailers who operate in Mexico - Oxxo , Chedraui and Walmart de México y Centroamérica - have all released results in the past week and all have pointed to the weak economic climate as a factor i...
30 July 2013
Carrefour has said, at the launch of its local transactional website, that it is aiming to make its full range available online to shoppers in Bucharest and its surroundings during 2014. Launch follows successful trial Carrefour Romania has been trialling the offer for about three months prior to its launch, making about 3,000 SKUs available. The retailer said that its expectations had been...
30 July 2013
Discussing Nakumatt’s expansion strategy, the company’s regional director for strategy and operations, Thiagararajan Ramamurthy, confirmed that it was in discussion with foreign investors that could lead them to invest in the retailer. Retailer to partner for expansion Ramamurthy said that Nakumatt was willing to work with foreign investors in order to generate capital that it can invest in n...
30 July 2013
Louis Delhaize’s general manager for Romania, Philippe Lejeune, has discussed how the retailer is looking to grow the retail footprint of its Cora brand in the country’s capital, Bucharest. Cora to add hypermarkets in 2014 Lejeune said that the retailer was looking to build two to three more hypermarkets in Bucharest in 2014. The new stores will see the retailer operate seven stores in the ci...