Retail and consumer goods industry news

18 July 2013
The latest news from China Resources Enterprise and Yonghui, two of China's leading domestic retailers. CRE's Suguo on track with store openings Suguo, one of China Resources Enterprise's leading fascias, is on track with store expansion, Chinese press reports. The retailer opened 70 new stores in the first half, reaching a total of 1,400 stores operating under the banner. A further 10...
18 July 2013
Morrisons updates on its expansion plans for the next year, whilst Sainsbury's celebrates 15 years of convenience.   Becoming a true multichannel retailer In a recent speech, Dalton Philips, chief executive of Morrisons re-affirmed the retailer's intention to be a true multichannel retailer. Part of this strategy is centred around the ambitious roll out of the M local format, with the...
18 July 2013
Supervalu’s first quarter sales fell by 1.5%, reflecting decline in identical store sales of 3.0% at its Retail Food business, and a decline of 1.9% at Save-A-lot. Total sales at its independent businesses fell by 0.6%. Positioning the business for future success Although sales were down in each of Supervalu’s operating segments, it did achieve a sequential improvement in each over the resu...
18 July 2013
Shoppers Drug Mart’s second quarter sales, for the 12 weeks to June 15, increased by 3.3% to $2.5bn, with same-store sales up 2.0%. Net earnings over the period increased by 1.1% to $147.0m. Challenging environment for pharmacy Shopper Drug Mart’s front-of-store sales continue to grow ahead of pharmacy, reflecting the more challenging operating environment in the latter category. Front-en...
18 July 2013
Safeway’s second quarter total sales, for the 12 weeks to June 15, declined by 1.6% to $8.7bn, primarily due to lower fuel sales in and the divestment of Genuardi's stores last year. Identical store sales (ex-fuel) increased by 1.2% over the period. Adjusted net income increased by 2.0% to $125.1m. Within these results, the retailer’s Canadian operations, which are to be sold to Sobeys, are ...
17 July 2013
Sainsbury's has announced two innovative family-oriented schemes to drive sales through the summer and a longer term project to renew its non-food private label offer. "Boredom Busters" family activities The "Boredom Busters" campaign is designed to provide a sales focus for the summer holiday and compensate for the non-repetition of the Olympic and Paralympic Games uplift a year ago, which was...
17 July 2013
The Lima Chamber of Commerce has brought together leading e-commerce businesses in Peru to offer products and services at significant discounts for a 48 hour period, over 17-18 July. Goal is to help e-commerce grow in Peru E-commerce has been growing in Latin America and is predicted to account for almost USD70bn this year. Although Peru's share of this is around 1.5%, far behind Brazil at 59...
17 July 2013
Dubai’s Department of Economic Development (DED) has launched a website that enables shoppers to compare a limited list of prices. Site to provide shoppers with convenience The DED has said that the site – www.sallety.ae – will be improved over time, with more products added as time goes on. However, the initial launch enables shoppers either on a computer or through their smartphone to check...
17 July 2013
Netherlands-based Jumbo Supermarkten has launched a Facebook-based product testing app, Jumbo Testmarkt. Shoppers to be sent products monthly Jumbo said that shoppers who register to test a certain product, be it private label or branded product, will be sent an item on a monthly basis for assessment. The retailer said that testers then use the app to submit feedback, by using a score out...
17 July 2013
Leclerc has reported total turnover growth of 5.5% for the first half of 2013, which it says confirms the success of its low price policy. Continues to claim price leadership Leclerc says it extended its lead over the competition in the first half, with a difference of five percentage points compared to its closest competitor. Although the permanent low prices are driving the increase in ...