News

Retail and consumer goods industry news

29 April 2013
Midcounties Co-operative's turnover has passed the £1billion mark.  Eight years of Growth Midcounties Co-op , the second largest Co-operative in the UK was formed by the merger of Oxford, Swindon and Gloucester Co-op with West Midlands Co-op. Since the merger eight years ago, Midcounties has now doubled revenue across its food, pharmacy, travel, funeral, childcare and energy operations to...
29 April 2013
Rewe Group has announced that its supermarket banner, Rewe, will join the multi-partner loyalty system provider Payback’s scheme from 2014. Retailer joins platform with over 20 million active users Rewe said that the leading factors in deciding to join the Payback scheme was that it already had over 20 million active users and communicated with shoppers through multiple avenues, including p...
29 April 2013
Sweden-based ICA has announced first quarter results for the three month period ending March 2013, saying that it generated sales worth SEK23.1 billion (US$3.5 billion) during the timeframe. Mixed performance across markets ICA reported that total sales had fallen by 1% during the three month period, but this performance hid differences between countries. Also, the retailer noted that when ...
29 April 2013
Pick n Pay has announced plans to extend its partnership with BP in South Africa and Mozambique, which will see the expansion of its Express convenience store concept on BP forecourts. Investment to occur over five year period The companies said that the addition of 120 Express stores would require an investment of ZAR2.7 billion (US$296.4 million) over the next five years, with 40 stores s...
29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
29 April 2013
Russian retailer Azbuka Vkusa has reported 2012 sales of RUB 23bn. Sales grew by 6.5% from RUB 21.6bn in 2011 to RUB 23bn in 2012. Azbuka Vkusa boosted its store portfolio to 54 stores, having opened eight stores during the year. Previously, the entire portfolio was located exclusively in Moscow and the Moscow Province, but the retailer opened its first store in St Petersburg in December 201...
29 April 2013
Costco UK has launched a new online only subscription, open to all, and unlimited by any warehouse membership criteria, providing universal access to Costco.co.uk. The £15 annual payment allows consumers to purchase at the club member rate across the full range of the online offer. Online provides wider range than depots Launched in October 2012, the Costco UK online ordering service is a s...
29 April 2013
Scotmid has announced sales are up 0.3%, but profits are down 8%. Profits down at Scotmid Scotmid has reported total turnover rose by 0.3% to £248 million for the financial year ending 26th January 2013, whilst profits fell from £6.5 million to £6millon. Although underlying profits from the trading business were positive, a one off investment in process improvements, a reduction in the ra...
29 April 2013
Éxito has increased its net revenue by 6.1% in the first quarter of 2013, and reported EBITDA growth of 6.5%. Same store sales growth in both markets Both Colombia and Uruguay registered same store sales growth during the quarter, contributing towards a group-wide rise of 1.6%. In Colombia, growth was driven by Surtimax; six stores opened under this discount fascia, out of a total of 10. ...
29 April 2013
Mexican retail group Controladora Comercial Mexicana (CCM) has reported net sales growth of 3% for the first quarter of 2013, alongside 7.2% for Chedraui and 5.1% for Soriana.  Calendar effect hits same store sales at CCM Same store sales were up 1.1% for the quarter, hit by the calendar effect of one fewer day in February this year, and the timing of Easter.  The best-performing formats were...