News

Retail and consumer goods industry news

28 February 2013
FEMSA Comercio, operator of Oxxo convenience stores in Mexico, has reported same store sales up 7.7% for 2012, as it surpassed the milestone of 10,000 stores. Expansion driving sales increase Oxxo opened 1,040 stores in 2012, 434 in the fourth quarter alone, as it reached 10,601 outlets, in line with its 2012 objective.  Customer traffic was up 3.8% for the full year, while the average basket...
28 February 2013
This week, Metcash has announced the appointment of Ian Morrice as CEO, and revealed details of a major new supply agreement with Supabarn Supermarkets.  Mr Morrice takes over at end June Mr Morrice will officially take over as chief executive on 30 June 2013, upon the retirement of Andrew Reitzer.  He has been a director of Metcash since June 2012 and before that was group CEO and MD of...
28 February 2013
The Russian retailer has reported net profit of RUB 6.3bn for 2012 Strong year for Lenta following slow growth in 2011 The increase of just over RUB 5bn in income is significantly more than growth in 2011, when it only grew from RUB 1.16bn in 2010 to RUB 1.24 in 2011. By the end of the year, the retailer was operating 56 hypermarkets, an increase of nine stores. Expanding in Moscow ...
28 February 2013
SPAR UK has introduced a variety of new 'exclusive' label wines to boost its private label presence in the category. ‘To fill gap between SPAR label and branded wine ... The company said that it was adding these exclusive ranges to fill the gap between its established  private label and branded wines. Initially the offer will comprise two labels for Spanish wines (Modesta and Solà) and two f...
27 February 2013
Morrisons has added another six sites for conversion to its M local convenience format, with the acquisition of six stores from the failed home entertainment chain HMV.  This brings the number of stores acquired in recent weeks to 62, ensuring that the retailer will easily exceed its target of 70 convenience stores by the end of 2013.  Morrisons already has 13 M local stores open. Locations widely...
27 February 2013
Until now vending machines that dispense beauty products have mostly been found in Japan and within American malls.  Innovative range of products However, the trend has now reached the UK with Harvey Nichols debuting a make-up version of the classic treat dispenser in its new BeautyMart boutique cosmetics hall in London. Previously beauty vending machines have been brand specific, fo...
27 February 2013
Hungary-based CBA has announced that it has opened an online shopping service in its home market. Launch comes ahead of Tesco’s introduction of similar offer The CBA Webshop makes 3,000 products available to shoppers, with delivery available at a range of times. CBA has introduced an online service in the belief that, following Tesco’s launch of such an offer, shoppers will being expect...
27 February 2013
Target’s fourth quarter retail sales, for the three months to February 2, 2013, increased by 6.8% to $22.4bn, with comparable store sales up 0.4%. EBIT increased by 3.2% to $1.7bn. For the full year, total retail sales increased by 5.1% to $72.0bn, with comparable store sales up 2.7%. EBIT increased by 5.3% to $5.0bn. Robust full year performance built around three key initiatives Alth...
27 February 2013
Mexican retailer Soriana plans to invest MXN4.6bn in 2013, some of which will go towards opening 60 new stores across the country. Focus on Mercado Express Soriana estimates that MXN2,500m will be invested in new store openings, leading to growth of between four and five percent in sales area and expansion to around 240 cities nationwide.  Finance director Aurelio Adán said Soriana planned to...
27 February 2013
SPAR opened nearly 200 new stores in Spain in 2012, according to local press, which helped boost sales by 8.3%. In line with stated expansion plans SPAR closed the year with 1,079 stores, 175 more than in 2011, and a turnover of €1,248m.  This expansion is in line with ambitious plans set out by local partner Miquel Alimentació, which said it intends to open 500 stores across Spain ov...