Retail and consumer goods industry news

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...
27 February 2013
Kenya-based Uchumi, which also operates in Uganda and Tanzania, has announced that during the first half of its 2013 financial year, which ended on 31 December 2012, net sales increased by 1.2% to KES7.59 billion. Weak sales growth hindered by inflation Uchumi said that consumer price inflation stood at 10% during 2012, which hit shopper spending. However, the slowdown in sales growth is not ...
26 February 2013
Speaking to local newspapers, the president of Carrefour Poland, Jean Anthoine, has discussed the company’s strategy for the market, potentially dispelling speculation that the retailer was set to exit. Retailer to participate in market consolidation Anthoine was quoted as saying that Carrefour wanted to be actively involved in the consolidation of the market and would be targeting the acquis...
26 February 2013
Ocado's second Customer Fulfilment Centre (CFC2) has started delivering orders to customers, marking a potentially pivotal moment in the retailer's trading history. Second warehouse could double capacity in time The go-live, on schedule, of the group's second major automated warehouse sees the retailer significantly increase its capacity to deliver orders in the medium term. Management ha...
26 February 2013
Global retailer Tesco has announced it is to launch online grocery shopping in China and Thailand. Bangkok and Shanghai targeted Tesco is planning to launch its online food operations next month in Thailand , one of the retailer's most significant markets. As with previous markets, Tesco will launch the service first in the capital city Bangkok, before what is believed will be a wider ro...
26 February 2013
Coop Schweiz achieved operating profit growth of 3.4% in 2012. Objectives largely met Chief executive Joos Sutter said the group had largely achieved its objectives as he reported an operating profit margin increase of 0.1 percentage points, to 2.8%, and gross profit up 0.7%.  Coop reported group sales figures in January - click here for the news story. Pressure on prices is the new ...
26 February 2013
The latest retailer share data from Kantar Worldpanel, for the 12 weeks to 17 February 2013, shows the UK grocery retail market accelerating on the previous period, with growth up to 3.7%.  However, inflation remains persistently higher.  The Kantar measure indicates this stood at 4.7% for the period, suggesting that volumes remain negative. 12 weeks to 19 February 2012 (% sha...
26 February 2013
Albertsons LLC has announced a new structure and management team to lead the stores that it will acquire from Supervalu when the transaction closes in mid-March. Opportunity to reunite the Albertsons businesses In January, Supervalu announced that it had entered into an agreement to sell 877 Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market stores and related Osco and Sav-on in-store ph...