Retail and consumer goods industry news

19 December 2013
Peter Struck named as new CEO of Metcash's convenience store division. New CEOs for supermarket and convenience divisions Alongside its interim results presentation last week, Metcash announced plans to split its supermarket and convenience operations. Fergus Collins will head the supermarket division, whilst Peter Struck lead the convenience division, tipped as a key growth channel for...
18 December 2013
Target is launching a one-day sale on December 19th, featuring 40 gifting items, including toys, homewares and clothing, which will be discounted by up to 60%. It will also host a ‘Last Minute Sale’ in stores from December 22nd to 24th with a series of new promotions. Strong online and mobile sales through the holiday period Target has reported that its strong start to the holiday season ...
18 December 2013
In separate developments in its home market of the Netherlands Ahold is enabling shoppers to plan routes in-store through a tie up with Google Maps, while its chief financial officer, Jeff Carr, discussed its online strategy. Ahold to enable shoppers to plan routes in-store As part of the launch of Google Maps’ Indoor Maps database, which enables people to plan routes inside buildings, Ahol...
18 December 2013
Discussing the company’s short term strategy, the chief executive, Iyad Malas, of Carrefour’s franchisee in the Middle East, Majid Al Futtaim, said that the company was aiming to continue its recent pace of expansion. Aim is ‘to double sales’ Over the next five years Malas said that Majid Al Futtaim, which includes a property arm, was looking to double its sales by investing US$5 billion in n...
18 December 2013
Delhaize-owned Mega Image is set to add more than 20 stores in December in Romania. New stores continue rapid pace of growth Mega Image is reportedly set to open 23 stores in December – six under its eponymous banner and 17 Shop & Go convenience stores. If the retailer meets its target, it will have added 104 stores in 2013, taking its total to 296 in Romania. ‘Most dynamic’ retailer In...
18 December 2013
Spain-based Dia has announced a range of new initiatives as it begins the expansion of its Clarel health and beauty banner. Renovations to be completed in 2014 Dia said that it had opened 40 Clarel stores in Spain in November, with 30 set to be added in Portugal in early 2014. The retailer said that it was aiming to complete the renovations of the Spain-based Schlecker stores to Clarel in 2...
18 December 2013
GPA has unveiled its vision, and view on the strategic challenges for the next three years, at an investor day held in São Paulo. Its priorities include consolidating/achieving market leadership in each operating segment, and a multichannel approach. Strategic challenges in four areas Speaking in Paris last week, chairman of the GPA board, Jean-Charles Naouri, said the group is enterin...
18 December 2013
Strategic announcements from Eurocash, in relation to its ABC chain, and Czerwona Torebka, about the launch of a discount chain, suggest that competition in Poland is set to rise further in 2014. Eurocash to expand ABC chain ‘strongly’ Eurocash has said that it will ‘strongly invest in convenience stores’ as it looks to expand the number of ABC stores it operates and as it evolves the banner ...
18 December 2013
The world's largest health and beauty retailer A S Watson is expected to be listed on both the Hong Kong and London stock exchanges, according to media reports. Banks hired in preparation Hutchison Whampoa, the Hong Kong based owner of A S Watson, has hired three  banks to manage the stock market listing which could also see a secondary listing on the London market. Whilst the listing in Lon...
17 December 2013
The Norwegian Competition Authority has announced that its review of the agreement between Norgesgruppen and ICA Norway on joint sourcing and distribution is to be extended until the end of February 2014. Initial cooperation between Norgesgruppen and ICA took effect in April On April 1st this year, the agreement between ICA Norway and Norgesgruppen’s wholesale company, Asko, took effect. This ...