News

Retail and consumer goods industry news

22 May 2013
Dansk Supermarked has reported revenue growth of 4.6% for the first quarter of 2013, across all formats and countries.  Denmark shifting towards discount In Denmark , volume continued to shift towards discount stores as they benefited from more Sunday openings. Profit (EBITDA up 11.8%) was boosted by cost cutting, the turnaround of Netto in Sweden and closure of non-performing stores. ...
22 May 2013
Louis Delhaize-owned Cora has, according to Linéaires, announced plans to relaunch its loyalty scheme in France. Existing cards to remain The reports suggest that the retailer’s existing loyalty cards – Carte Malin and Carte Cora – will continue to be offered, but shoppers will receive an increased number of points when using them and bonuses on specific days and products. Linéaires gave ex...
22 May 2013
Target’s net earnings fell by 25.9% to $498m in the first quarter, covering the three months to May 4. Total sales increased by 1.0% to $16,706m, with comparable store sales down 0.6%. Confident of strategy as weather impacts sales Target’s results were below expectations, with the retailer highlighting softer than expected sales in clothing and other seasonal and weather-sensitive categori...
22 May 2013
During its annual results presentation, Eroski has announced that it will cut prices on up to 3,000 products in the month of June, across all store formats.  Weak consumption a factor in reported loss for 2012 Eroski reported net sales down 5.3% in like-for-like terms in 2012, and a loss of €121m. It attributed the loss to weak consumer consumption, a stagnant real estate market - whic...
22 May 2013
Speaking at the company’s AGM, Massmart’s chief executive, Grant Pattison, discussed its recent sales performance and strategic decisions up until now. Total sales up 9.8% Pattison said that in the first 21 weeks of the 2013 financial year Massmart’s total sales rose 9.8%, while comparable sales were up by 5.6%. The retailer’s total sales growth was driven by its Masswarehouse and Massdiscoun...
21 May 2013
The latest UK grocery market share data from Kantar Worldpanel, for the 12 weeks to 12 May 2013, shows that growth in UK grocery picked up to 3.9% during the period.  The Kantar measure of inflation indicates that prices rose at exactly the same rate suggesting that volume decline in the sector has slowed. 12 weeks to 13 May 2012 (% share) 12 weeks to 12 May 2013 (% share) Sa...
21 May 2013
M&S has reported mixed fortunes for its principal businesses with an encouraging performance in food offset by declining sales in general merchandise for the 52 weeks ended 30 March 2013. Headline numbers Group sales: +1.3% to £10.0bn Total UK sales +0.9% (LFL -1.0%) UK Food sales: +3.9% (LFL +1.7%) UK GM Sales: (-2.4% (LFL -4.1%) International sales: +4.5% Multichannel...
21 May 2013
The drugstore chain A.S. Watson has announced it is to open its first ‘Great’ premium supermarket store in mainland China this year. Premium food offer The drugstore chain, owned by the Hutchison Whampoa Company, plans to expand from its health and beauty format and open a 3000 sq m. premium supermarket within the International Finance Square in the city of Chengdu. Chengdu is the capi...
21 May 2013
Carrefour's hybrid hypermarket/cash & carry format - Supeco Cash de la Familia - is reportedly set to open its doors in Madrid for the first time, in the next few days. Store used to be a Carrefour Market The 1,581 sq m outlet is on the site of a former Carrefour Market store in the suburb of Parla, which is located to the south-west of Madrid, around 20km from the capital itself. As wi...
21 May 2013
Éxito has entered into agreements with a number of local retailers in suburbs of Bogotá, Colombia, to supply them with branded and private label products. New alliances have benefits for both parties The agreements will allow Éxito to extend its brand name and private label products into previously unexploited areas of the city, and into neighbourhood locations close to people's homes.  Th...