News

Retail and consumer goods industry news

24 January 2013
The HOK-Elanto co-operative has begun trialling a new self-service collection model in Finland. Next move with Foodie.fm Building on the success S Group has had with its online offer, which uses the Foodie.fm platform, the new service allows shoppers to pick up their groceries from a self-service parcel point. S Group launched a Collect & Go in-store grocery collection in November 2012 ...
24 January 2013
Portuguese retailer Sonae MC's preliminary results statement for 2012 shows turnover down by 1.4% year-on-year. Sonae MC outperforms market Sonae MC's sales for 2012 were €3,281m, down 1.4%, despite the impact of a store closure.  Sonae put a positive spin on these results, highlighting their outperformance against a market in which private consumption showed a decline of around 6%.  Co...
24 January 2013
Target has appointed Jason Goldberger as Senior Vice President of Target.com and Mobile. Strong track record in developing online businesses Goldberger will join Target on February 11th and will be responsible for all areas of the retailer’s e-commerce operations, including user experience, merchandising and analytics. He brings with him a wealth of experience in online retailing. Most re...
24 January 2013
Norway's largest retailer has acquired Scandinavia Holdings' stake in Danish retailer Dagrofa. Retailers to become shareholders Norgesgruppen has entered into a conditional agreement with Scandinavia Holdings and KFI which sees it take over Scandinavia Holdings 55% share of the  Dagrofa business. It has also signed an ownership deal with KFI regarding the future ownerhsip and cooperation in...
24 January 2013
Discussing various initiatives taken at Bol.com, Netherlands-based Ahold has said that their effect has provided a strong support to sales. At the same time, the company has announced a doubling in the size of the product range available through its Albert Heijn online store. A review of Bol.com's 2012 initiatives During the year Bol.com: Opened three specialist stores, which the compa...
23 January 2013
WH Smith has today announced that it has delivered a "good profit performance" across the business thanks to tightly managed costs, despite falling sales. Tightly managed costs help gross margin Sales across the group fell by 4% (5% on a like-for-like basis) for the 20 weeks to 20th January 2013. Sales at the group's high street stores were down 5%, with sales at its travel stores flat (-4...
23 January 2013
Today, Lekkerland Schweiz has announced its acquisition of Valora Services Switzerland's wholesale business. In line with 'Convenience 2020' strategy  Lekkerland's key focus is to expand its position with independent customers, such as kiosks and convenience stores.  The acquisition is therefore a good fit, as a large number of Valora's customers fall into this category.  In terms of prod...
23 January 2013
Ukrainian discounter ATB-Market has published positive results for 2012, with sales up 44%. Sales 44% higher than in 2011 ATB-Market has declared sales of just under UAH 26bn for the 2012 fiscal year which is an impressive increase of 44% compared to 2011. The retailer increased its store portfolio to 686 stores by opening 156 new stores in the year; the majority of which were in the Do...
23 January 2013
Dixy announces revenue growth of 43.8% for the 2012 financial year. Encouraging year of growth Dixy’s consolidated full year sales for 2012 showed a 43.8% increase compared to the previous last year at RUB 147bn. Year-on-year sales increased by 20.8% on a pro-forma basis, including revenue from the acquisition of the Victoria Group chain in 2011. Convenience performing well Sales i...
23 January 2013
Tesco has appointed George Fischer as its new CEO in Malaysia.  Tesco welcomes George Fischer as its new CEO in Malaysia, from his previous roles as chairman of the management board at Lidl Belgium. The new appointment will be effective this month. Fischer replaces former Malaysia CEO SungHwan Do, who will move from the post to an international bridging programme under Tesco. Malaysia's g...