Markets/Belgium/News

Belgium news and analysis

29 September 2023
The Dutch retailer has announced its intention to join the Epic Partners and Everest alliances from 2024. Jumbo to improve its purchasing power To improve its negotiating power with A-brand suppliers, Jumbo will join the Epic Partners and Everest retail alliances in 2024. The alliances were both set up by German market leader Edeka in 2021 when it left the Age Core alliance. Epic Partner...
27 July 2023
Carrefour revealed a strong group performance, net sales in H1 2023 reached €40.7 bn an increase of 12.4%, with like-for-like (LFL) sales growing by 11.2%, compared to H1 2022. Carrefour continues to progress with its 2026 strategy plan, against a backdrop of record food inflation in Europe. Key highlights for the group include the sale of private label products continued to grow, which increa...
03 July 2023
Colruyt Group has announced it has partnered with international grocery retail buying alliance European Marketing Distribution (EMD). Focus on private label products Colruyt Group’s partnership with EMD focuses on the joint negotiation of purchasing conditions for private label products specifically. This comes after Colruyt has seen shoppers increasing buying its private label products suc...
22 June 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Europe Europe’s leading grocery retailers in 2027 (Subscriber webinar) Tuesday 27 June 2023 10:00 BST Join us for an overview of the European grocery landscape, highlighting the region’s leading retailers and how we expect them to grow and evolve over the next five years. The...
15 June 2023
Revenue grew 7.7% to EUR 10.8 bn, but profits shrunk 30.4% due to the challenging macroeconomic environment.   A summary of the numbers  Revenue up 7.7% to EUR 10.8 bn  Operating profit (EBIT) down 25.8% to EUR 279m  Food retail revenue up 6.6%  Okay, Bio-Planet and Cru revenue up 2.4%  Online was 6.8% of retail revenue (excl. petrol)  The reasons behind the figures...
12 June 2023
Colruyt Group is testing a number of in-store technological initiatives in Belgium to provide more efficient time management for employees as well as a better shopper experience. In-store innovation Colruyt is testing the initiatives at one of its supermarkets in Halle, near Brussels. This is the same store it has been testing artificial intelligence to automatically scan products at the ch...
12 May 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Lidl Denmark has opened its first tobacco free store. The retailer has plans to be tobacco free in the country by 2028 Aldi Sud is testing a new ‘Einfach Gut’ (simply good) private label range, with prices even lower than traditional entry level products There is a price war in pasta...
10 May 2023
We review Ahold Delhaize’s Q1 results, outlining key highlights from the US and Europe. Group highlights In Q1, net sales for the group increased 6.3% at constant exchange rates, to €21.6 bn. Sales were driven by comparable sales growth excluding gasoline of 6.2%. In the quarter, net consumer online sales increased by 5.9% to €2.9bn, led by the performance of the US business. Online groc...
05 May 2023
Our global analysts share some of the latest headlines across the globe. Here's what you need to know. The European Commission is investigating retailers’ purchase alliances. Agecore, Coopernic and Epic are the specific targets for now, but stricter rules for all may be on their way. An independent Edeka retailer wants to open several autonomous stores in Northern Germany collaboration w...
05 May 2023
Colruyt announced it has adjusted its outlook for the financial year 2022/2023. Meanwhile, the retailer is increasing investment in its fresh produce banner CRU. Strong to considerable decrease In December, Colruyt reported an operating profit of €123m in H1, a decrease of 41.6% year-on-year, from €211m. It accounted the loss to the absorption of part of the cost-price inflation and a signi...