News

Retail and consumer goods industry news

12 November 2013
Intermarché is aiming to become one of the leading food producers in France, according to reports in Les Echos. Targeting €4 billion in turnover According to the reports, Intermarché wants to become one of the top five food producers in France by 2015, an aim that has seen it target a turnover of €4 billion for its production arm, up from €3.5 billion presently. Aim to see Intermarché in...
11 November 2013
New Page 1 Morrisons group trading director Casper Meijer has signalled that he is looking to work with lead suppliers as effective 'category champions'. Focus on branded suppliers Under the new scheme, Morrisons will enter into longer term supply agreements - usually for three years. Both parties will draw up business plans aimed at driving category growth through joint sales and ma...
11 November 2013
E-Mart has reportedly ended its partnership in Vietnam and plans first store opening in 2016. New route to entry in Vietnam In 2011 South Korean grocery retailer E-Mart set up a USD 80m joint venture with U&I Investment Corporation, a Vietnamese company, with the aim of opening grocery stores Vietnam. Initial plans indicated the first store would open in 2012, but a series of challenges h...
11 November 2013
Turkey-based discounter BIM has announced Q3 results for the period ending 30 September, saying that net sales rose 21% to TRY3.1 billion (US$1.5 billion) and like-for-like sales rising by 11.7%. New stores underpin sales growth BIM said that new stores helped support sales growth 63 net new stores added in Turkey, 16 in Morocco and three in Egypt during the quarter. The retailer said that ...
11 November 2013
The German drugstore chain Mueller is making online trading a priority following an overhaul in the management structure. New Business priorities Mueller are one of Germany’s largest drugstore chains, operating over 800 stores in eight European markets. At the beginning of November Wolfgang Lux was appointed to the management board alongside Elke Menold and Erwin Mueller as part of a comp...
11 November 2013
In two separate announcements, South Africa-based Woolworths highlighted the opportunities and difficulties being faced by retailers looking to expand within Africa. Woolworths plans to exit Nigeria… Without setting a timeframe to complete it by, the retailer’s chief executive, Ian Moir, announced that Woolworths was looking to close its three stores in Nigeria. Woolworths opened its first st...
11 November 2013
Qatar-based Al Meera has announced plans to continue expansion in its home market. Seven stores to be added Al Meera announced that it had signed an agreement to build seven new stores. Discussing the new stores, the company’s chief executive, Guy Sauvage, said: “ The goal of our expansion is to make everyone very close to Al Meera stores everywhere in Qatar before the end of next year. Al Me...
11 November 2013
Kroger is to invest $150m in North Texas over the next two years to build five new Marketplace stores and to expand three existing stores, along with opening multiple fuel stations and remodeling existing stores. Dallas one of the fastest growing cities in the US Dallas is a key market for future growth for both Kroger and other grocery retailers. The city was recently recognised as the t...
11 November 2013
German retailer Rewe will invest €1.5 billion to improve its German stores and expand its internet offering, CEO Alain Caparros said in an interview with Frankfurter Allgemeine Sonntagszeitung. Major investment Europe-wide Rewe’s move to revamp its offering comes as Germany’s supermarket chains compete with discounters and internet companies for shoppers’ loyalty. The retailer plans to in...
11 November 2013
Coop Norge has announced plans to continue with the conversion of existing stores to the ‘Extra’ banner. Conversion improving performance The retailer said that it would convert 20 outlets by the end of 2013 after opening five in November. Coop Norge said that the converted stores were outperforming older outlets and helping to drive sales, on average, by 22%. The banner’s performance underpi...