US: Dollar General powers ahead in Q2
Dollar General’s net sales increased by 10.6% to $6.4bln, with same-store sales up 3.7%. Net income increased by 38.1% to $407mln as the retailer continues to benefit from the investments it’s making in the business. One of its key programs this year is to increase chilled space within its mature stores, with plans to add 20,000 cooler doors across this group of stores. The retailer is also rolling out an enhanced queueing system to help drive impulse sales. Around 6,800 stores have received the new system, with a further 700 to be completed in the second half.
Source: retailanalysis.igd.com
Dollar General’s net sales increased by 10.6% to $6.4bln, with same-store sales up 3.7%. Net income increased by 38.1% to $407mln as the retailer continues to benefit from the investments it’s making in the business. One of its key programs this year is to increase chilled space within its mature stores, with plans to add 20,000 cooler doors across this group of stores. The retailer is also rolling out an enhanced queueing system to help drive impulse sales. Around 6,800 stores have received the new system, with a further 700 to be completed in the second half.Source: retailanalysis.igd.com
US: Publix to build new distribution center in N.C.
Publix Super Markets Inc. plans to construct a refrigerated distribution center in Greensboro, North Carolina, by the end of 2022. Announced by North Carolina Governor Roy Cooper, the facility will supply grocery products to Publix stores in the Carolinas and Virginia and be the Lakeland, Florida-based chain’s 10th DC and first in North Carolina. Publix operates 58 stores in South Carolina, 38 stores in North Carolina and 10 stores in Virginia. In the retailer’s seven-state Southeastern trade area, Virginia and North Carolina were the most recent additions. The company’s first North Carolina store opened in Charlotte in February 2014, while its first Virginia location opened in Glen Allen in July 2017.
Source: supermarketnews.com
Publix Super Markets Inc. plans to construct a refrigerated distribution center in Greensboro, North Carolina, by the end of 2022. Announced by North Carolina Governor Roy Cooper, the facility will supply grocery products to Publix stores in the Carolinas and Virginia and be the Lakeland, Florida-based chain’s 10th DC and first in North Carolina. Publix operates 58 stores in South Carolina, 38 stores in North Carolina and 10 stores in Virginia. In the retailer’s seven-state Southeastern trade area, Virginia and North Carolina were the most recent additions. The company’s first North Carolina store opened in Charlotte in February 2014, while its first Virginia location opened in Glen Allen in July 2017.Source: supermarketnews.com
US: Walmart is opening a $41mln fulfilment center in Bullitt County
Walmart, and a subsidiary, Jet.com, unveiled plans to spend $41mln to create a fulfilment center in the Shepherdsville area with 400 full-time jobs and more seasonal positions. The retail giant has invested hundreds of millions of dollars to forge into e-commerce and fend off Amazon, which also has a national network of fulfilment centers, including one in Bullitt County across the Ohio River in Jeffersonville, Indiana.Source: eu.courier-journal.com
Amazon to launch food and drink sales in Mexico
Amazon.com Inc will begin selling food and drinks online in Mexico, including snacks, sweets and wines. This move could intensify its competition with Wal Mart de Mexico to claim shoppers in a nascent e-commerce market. Online shopping represents a fraction of total retail sales in Mexico but has grown swiftly, putting Amazon and its rivals in a race to ramp up investments in logistics, technology and product offerings. Amazon views food and drink sales as key to growth, eyeing routine purchases to stock pantries as a way to generate other types of sales, but has yet to dominate the category.Source: reuters.com
Cencosud reports second quarter 2018 results
Cencosud S.A., a leading South American retailer with operations in Chile, Argentina, Brazil, Peru and Colombia, announced its consolidated financial results for the second quarter of 2018. All figures are in Chilean pesos (CLP), except where indicated otherwise, and in accordance with IFRS. Revenues decreased 6.9% in comparison to 2Q17 impacted by currency depreciation against the CLP in all countries the Company operates and food deflation in Brazil and Peru. At a constant exchange rate, revenues increased 8.3% explained mainly by the improved performance of Argentina, Peru, Chile and Brazil. The operational highlights were Supermarkets Brazil and Peru, which achieved Same Store Sales (SSS) above inflation, together with Home Improvement across all countries of operation which posted sales increase above inflation, as well as Department Stores in Peru. Net Profit for the period was CLP 3,682mln, a decrease of CLP 20,364mln YoY explained by a decline in the income from foreign exchange variations (CLP 47,223mln) and a lower asset revaluation (CLP 12,689mln) partially offset by the higher profitability from the businesses (+CLP 13,570mln) and lower tax expenses.
Source: digitaljournal.com
Cencosud S.A., a leading South American retailer with operations in Chile, Argentina, Brazil, Peru and Colombia, announced its consolidated financial results for the second quarter of 2018. All figures are in Chilean pesos (CLP), except where indicated otherwise, and in accordance with IFRS. Revenues decreased 6.9% in comparison to 2Q17 impacted by currency depreciation against the CLP in all countries the Company operates and food deflation in Brazil and Peru. At a constant exchange rate, revenues increased 8.3% explained mainly by the improved performance of Argentina, Peru, Chile and Brazil. The operational highlights were Supermarkets Brazil and Peru, which achieved Same Store Sales (SSS) above inflation, together with Home Improvement across all countries of operation which posted sales increase above inflation, as well as Department Stores in Peru. Net Profit for the period was CLP 3,682mln, a decrease of CLP 20,364mln YoY explained by a decline in the income from foreign exchange variations (CLP 47,223mln) and a lower asset revaluation (CLP 12,689mln) partially offset by the higher profitability from the businesses (+CLP 13,570mln) and lower tax expenses.Source: digitaljournal.com
Portugal's Sonae MC: strong results in H1 2018
Portugal-based Sonae said turnover at its grocery-focused division rose 7.2% in H1 2018, to €1.9bln. The retailer said the results were underpinned by strong like-for-like sales growth of 2.7% and supported by the ‘continued expansion of the Continente Bom Dia network’. Sonae has put in place the foundations for the H1 results over the last couple of years. It has been investing in its operations to upweight its fresh offer, improve its price perception with shoppers and evolve its private label ranges. The results over recent suggest that the steps are resonating well with shoppers.Source: retailanalysis.igd.com
Spain's retail sales continue to fall
Spain's retail sales continued to decline in July, the statistical office INE reported. Retail sales decreased by adjusted 0.4% annually after easing 0.1% a month ago. On an unadjusted basis, retail sales slid 0.6%, in contrast to a 0.7% rise in June. Month-on-month, retail sales declined 0.4%, reversing a 0.2% rise in June. Food and non-food sales dropped 0.1% and 1.1%, respectively.Source: markets.businessinsider.com
Lidl Ireland planning a total of ten new store openings in 2018
Lidl has announced that it plans to open 10 new stores in Ireland this year, as part of its ongoing expansion programme. The new stores will be located in Fortunestown, Nenagh, Grangegorman, Sligo, Limerick, Castleknock, Birr, Belgard, Northwood and Dunshaughlin. In addition, around €80mln is to be spent on a new distribution centre in Newbridge, which will employ around 2,000 people. Construction of the new facility will take place across three stages.Source: esmmagazine.com
Italy: First Auchan supermarket opens in Milan
As part of its single brand strategy, Auchan has opened the first of its rebranded Auchan Supermarkets in Milan. The reopened supermarket adds to the retailer’s presence in the city, where it operates four hypermarkets and 21 MyAuchan stores, while it takes to 10 the number of Auchan Supermarkets in the country. After the reopening of the supermarket in Milan, Auchan has upweighted its fresh offer, including bakery, butcher and fish counters, and improved the range of services it offers shoppers, adding live cooking stations and rolling out its app-based payment system.Source: retailanalysis.igd.com
Hot September could burn £320mln of UK retail sales
British retailers are preparing for a £320mln hit to their collective bottom line in September, as predicted high temperatures torch their sales. A report published by the British Retail Consortium (BRC) said warmer weather next month could cost non-food retailers up to £80mln per week. Based on Met Office analysis of weather data, the report concludes that there is a "clear relationship" between temperature and retail sales. The impact is strongest from mid-August to early October, when warmer weather delays the purchase of autumn-winter ranges, it says. Over that period, for each degree warmer it is than the previous year, growth in sales is reduces by 1.1%, equivalent to around £40mln per week, according to the BRC.Source: news.sky.com
Auchan Retail Spain has said it finished 2017 generating gross sales of €4.6bln, an increase of 1.3% on 2016. The retailer invested €112mln in its operations in 2017, a 43.5% rise on the amount it spent in 2016. The investment was made in opening new stores and in its digital operations, both from a shopper-facing point of view, but also internally to improve processes and drive efficiency. Auchan ended 2017 with 356 stores, after opening 11 supermarkets and two hypermarkets during the year. At the end of the year it operated 356 stores; 60 hypermarkets and 296 supermarkets, of which 170 are franchised, and its online store.Source: retailanalysis.igd.com