Retail and consumer goods industry news

01 August 2013
In the latest set of trading results for the half year ending 30th June 2013, A.S. Watson has reported revenue growth of +7% . Revenue and earnings growth Total revenue for the half year ending June 30th rose to HK$ 75,761 million, an increase of +7%. During the period EBITDA was up +9% to HK$ 5,609 million and EBIT +9% to HK$4,319 million. Like for like sales in China were +2.7% (lower ...
01 August 2013
Graham Dorrington, Commercial Capability Manager at IGD, explains how to boost competitive advantage by enhancing category management skills and gives his three best tips for category managers. Form practical solutions from great ideas Being a category leader means you are the first person customers call upon to gain insights into shoppers, categories, competitors and markets. As a su...
01 August 2013
With retailers placing increasing importance on expansion in London and the South East, we share our highlights from our recent visits to three of Tesco's Express stores in the capital. London Focus In February Tesco appointed Andrew Yaxley to the position of managing director for London in a clear signal of the retailer's belief the capital holds more opportunity for development. ...
01 August 2013
Metro Group has today announced a decline in first half sales but remains optimistic that it can strengthen, despite tough European markets and ongoing weaknesses in several of its formats. Sales declined in the first half Sales for January to June 2013 declined 2.3% to €30.8bn compared to the same period last year. Q2 sales, which decreased 3.6% to €15.3bn, were impacted by the sale of so...
01 August 2013
Kroger has launched a new ‘Refresh’ initiative in Houston which focuses on increasing loyalty and attracting new customers through reduced prices, faster checkout, fuel discounts, locally sourced items and community involvement. The ‘Refresh’ initiative: our view With over 100 stores and 800,000 weekly customer visits, Houston is a key region for Kroger , where it is the market share leader ...
01 August 2013
Belgium-based Colruyt has announced first quarter results for the period ending 30 June saying that consolidated revenue increased by 2.8% to €2.1 billion, aided by its 'consistent application of the lowest prices strategy'. Colruyt banner drives growth The retailer's performance was driven by its Colruyt banner, where revenue grew by 3.4% to €1.6 billion. Colruyt said that its shoppers rem...
01 August 2013
Target has developed a new concept baby department at 10 stores in Illinois as it seeks to grow its share of the market for baby clothing and accessories, reports Reuters. New look and feel and trained advisors While the new concept departments do not feature any additional or unique products, as compared to the core offer available across Target's stores, they do have a new look and feel ...
01 August 2013
Publix’s second quarter sales increased by 3.8% to $7.0bn, with comparable stores sales up 2.1%. A solid performance across H1 Publix continues to deliver a solid performance, although the rate of comp sales growth slowed significantly from the 3.9% which was achieved in the first quarter. For the first half year as a whole, the retailer recorded comp sales growth of 3% - ahead of the 2.2% ...
01 August 2013
Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...
31 July 2013
Celesio UK has announced plans to convert 60 of its Lloydspharmacy stores within the UK to its new European Pharmacy Network (EPN) concept. Expansion rolled out in UK The EPN concept has already been implemented across several countries within the EU and following the successful launch of the new concept stores in the UK and Italy, a further ten stores have now undergone store transformation ...