The Co-operative Group has today announced its full results for the 52 weeks ended 2nd January 2016, showing overall sales in a continuing stable position at £9.3bn (2014: £9.4bn). Its Food division is posting some strong numbers, especially considering the current deflation within food pricing. Like-for-like sales grew by 1.6% and like-for-like volumes grew by 5%. Core convenience business outperforming the market with like-for-like sales were up 3.8% (on a two-year basis up 7%). Underlying profit rose 3.3% to £250m. (igd.com)
To boost its supply of organic foods, Costco is trying something new: It’s working with farmers to help them buy land and equipment as it struggles to keep pace with customer demand. The effort is still in its infancy. So far, Costco is working with just one partner, loaning money to help San Diego-based Andrew and Williamson Fresh Produce buy equipment and 1,200 acres of land in the Mexican state of Baja California. But Costco is looking at expanding the initiative. The idea is to ensure a greater supply of organic foods at a time when demand is soaring but supply has not kept up. (seattletimes.com)Waitrose (UK): 'Early Easter 2016 makes judging weekly sales growth tough'
Waitrose’s Commerical Director, Mark Williamson, has issued a trade update for the week ending 2 April, explaining that the date of Easter in 2015 has made it difficult to compare sales for the week on a yearly basis. Sales for last week, excluding fuel, were down by 24.1 per cent compared with the previous year, which has a boost in sales from the Easter holiday. Williamson said that "A more meaningful comparison is that sales this year were 1.8 per cent above the equivalent post Easter week in 2015." (esmmagazine.com)
The Price Chopper supermarket chain, in the midst of a $300 million rebranding campaign with the rollout of its Market 32 stores, has unveiled a house brand called Pics. Mentions of the new Pics line of foods has been made in the past week in newspaper circulars, in stores and on the company's Facebook page and web site. The name stands for "hand picked" items and is designed to conjure up the idea of healthy and wholesome foods, an emphasis of the new Market 32 brand. (timesunion.com)
Announcing its 2015 results, cooperative Covirán has said that its gross sales under banner reached €1.215 bn during the year, with it generating €1.114 bn in Spain and €101m in Portugal. Covirán grew total gross sales by 4% in the year, with comparable sales rising by 2.1%. At the end of the 2015 financial year, Covirán said its partners operated 2,549 supermarkets under its banner, with 2,361 in Spain and 188 in Portugal, and a further 60 set to be opened across both countries in 2016. Elsewhere, Covirán said that it would invest in 2016 and 2017 in its logistics platform in order to open a distribution centre in the Canary Islands in April 2016, with another to be added near Barcelona in 2017. (igd.com) AU: Caltex to roll out new convenience format
After recently expanding the coverage of its online store to further cities, DIA has said it has launched the service in Alicante and Valencia. Although online grocery retail is less developed in Spain than other markets in Europe, retailers are investing further in it in 2016 as competition rises and everyone prepares for the potential expansion of Amazon’s offer in the country. (igd.com)
Condis announced it had opened 33 stores in 2015, with 28 of them added by franchisees. The retailer said that it had already opened seven stores in 2016, with seven more set to be opened in April, as it aims to add more than 20 stores during the year. (igd.com)