Retail

Ahold Plans Cost-Cutting Program
Ahold yesterday said it plans to drive another 350 million euros — about $525 million U.S. — in costs out of its operations during the next three years.The cost-cutting "will focus on all aspects of the business, including store expenses, supply chain and overhead across the group," John Rishton, Ahold's..... 0 comments

UK: Morrison Q3 growth slows, says life after Bolland
British grocer Morrison (MRW.L) said the surprise departure of chief executive Marc Bolland to Marks & Spencer (MKS.L) would not affect its performance or potential as it reported a slowdown in sales growth."He's been a great member of the team and we're sorry to see him go," Finance Director Richard..... 0 comments

REWE Group set to expand in Bulgaria
Penny Market, the German-owned discount supermarket chain, opened its second Sofia retail outlet, the company has announced.The REWE subsidiary has continued its expansion and investment plan for Bulgaria, despite the global recession and its effects on consumers.At a ceremony to mark the opening of the new..... 0 comments

Russian grocer X5 plans higher 2010 capex
X5 Retail Group, Russia's largest grocer by sales, plans to spend more on its discount chain expansion next year than in 2009, as it hopes to win market share at the expense of distressed rivals."In 2010 we are planning to noticeably increase capital expenditures compared to 2009," Chief Executive Officer..... 0 comments

Study shows British supermarket prices are cheapest in western Europe
British supermarkets are the cheapest in western Europe, according to a new study that compared a basket of the same goods in five countries.The study by the UK watchdog Which? found that key household items cost less in Britain than they do than in France, Germany, Italy and Spain, telegraph.co.uk..... 0 comments

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Wal-Mart Latin America CEO is leaving company
Wal-Mart Stores Inc (WMT.N) said on Thursday that Vicente Trius, the president and chief executive of Walmart Latin America, is leaving the company less than five months after taking on his latest role.Trius, who was previously CEO of Wal-Mart Asia, took on his latest position on July 6. Wal-Mart said his..... 0 comments

Retailers fall on 4Q caution despite good news from some
Positive numbers and guidance weren't enough to keep shares of many retailers out of the red Thursday, as cautious fourth-quarter views issued by some companies in the sector weighed on the stocks.Several companies, including Hot Topic Inc. (HOTT) and Gymboree Corp. (GYMB), gave estimates for the current..... 0 comments

Malaysia: Aeon downgraded to ‘Hold’ from ‘Buy’
AEON Company (M) Bhd, a Malaysian unit of Japanese retailer Aeon Co, was downgraded to “hold” from “buy” at Maybank Investment Bank Bhd on “unexciting” third-quarter earnings and a potential loss of income on a property management contract.The stock’s target price was maintained at RM5.10, the research house..... 0 comments

Romania - French retail giant opens hypermarkets
French retail group Auchan has opened its 7th hypermarket in Romania, local media reports. The new hypermarket is located in the city of Timisoara and will be the largest store in the western part of the country.The store has 10,500 sq m sales area, 60 cash registers and a range of over 50,000 products in..... 0 comments

UK: Sainsbury’s Trials BOGOF Later Scheme
Sainsbury’s has announced that it is matching Tesco with a Buy One Get One Free Later offer. The scheme, which has been welcomed by food waste campaigners, allows shoppers to pick up their free product at a later date via a voucher system. The trial launches today and will run for seven days at 470..... 0 comments

X5 Retail Group to open 140 "Pyaterochka" soft discounters in Russia by the end of the year
X5 Retail Group, Russia's largest retailer in terms of sales, is planning to accelerate its expansion in the domestic market through the opening of 140 soft discounters under the Pyaterochka (Five) brand name by the end of the current year.According to the company, most of the future discounters Pyaterochka..... 0 comments

Kazakhstan government plans to buy a leading Russian retail chain
The government Kazakhstan is interested in buying a retail chain in Russia in order to promote a wide range of Kazakh products in Russia as well some CIS countries, Russian media reports. According to the Prime Minister of Kazakhstan Karim Masimov there is a good time to buy one of the leading Russian retail..... 0 comments

Supply chain reconfiguration for Musgrave Retail Partners GB
At IGD's annual Supply Chain Summit last month, Scott Wharton, Supply Chain Director, Musgrave Retail Partners GB described how the business has delivered a network reconfiguration of its supply chain and how partnering with its independent retail customers who know their local markets has been crucial to..... 0 comments

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7-Eleven aims to have 5,200 stores in Thailand
CP All Plc, Thailand operators of 7-Eleven, aims to have 5,200 7-Eleven stores in Thailand by the end of 2009. The company is now focusing more on selling franchise stores rather than opening its own stores.Mr. Piyawat Thitasatthaworakul, managing director, CP All Plc., discloses that the company is now..... 0 comments

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Carrefour Indonesia ordered to sell stake in local retailer PT Alfa Retailindo
French retail giant Carrefour Indonesia was ordered to sell its stake in PT Alfa Retailindo by the Business Competition Supervisory Commission (KPPU). The KPPU found Carrefour Indonesia guilty of holding a monopoly in the Indonesian retail sector.KPPU ordered Carrefour Indonesia to sell its 75 per cent stake..... 0 comments

Netherlands: Ahold set to benefit whether predator or prey
With a big cash pile and plans to step up cost savings, Dutch supermarket group Ahold has plenty of firepower to boost its lowly valued shares.And if it doesn't, the stock could benefit from speculation it will be a takeover target as the market for mergers and acquisitions starts to pick up."I think the..... 0 comments

UK: Sainsbury's to cut carbon footprint
Sainsbury's is to announce plans to cut its carbon footprint by one-third by 2030 through revamping its refrigerator technology.It will replace the use of F-gases, which are pumped through fridges to cool them down, with carbon dioxide, which is less polluting.The retailer plans to convert 135 of its 800..... 0 comments

UK: Waitrose refutes M&S price claims
Waitrose has refuted claims by upmarket rival Marks & Spencer(M&S) that its products are cheaper than those in the Waitrose Essentials range.Last week M&S launched an advertising campaign that claimed it offered savings of 2% compared to Waitrose across a range of 1,200 similar products.M&S's..... 0 comments

Russia: X5 Retail Group may acquire Kopeyaka retail group for $350 millions
The largest Russian retailer X5 Retail Group is considering acquiring its local competitor "Kopeyaka" retail group, Russian media reported.According to sources close to Russian business daily newspapers, the company has already asked some leading Russian banks to provide funding for the transaction.Last year..... 0 comments

UK: Asda delivers storming full-year sales but profits slip
Asda, the UK’s second-biggest supermarket, posted record sales last year, but its pre-tax profits fell by 2 per cent after an adjustment to its share option costs.The Wal-Mart-owned grocer said total sales surged by 11 per cent to £18.6bn over the 12 months to 31 December 2008, compared with £16.7bn the..... 0 comments

UK: Supermarkets face struggle to meet Competition Commission's deadline on suppliers' code
The UK'S second-tier supermarkets have a "mountain to climb" if they are to meet the Competition Commission's February deadline to alter the way that they deal with farmers and other suppliers, according to supermarket industry insiders.Iceland, Lidl, Aldi, the Co-op, Marks & Spencer and Waitrose have..... 0 comments

UK: Morrisons outlines key supply chain processes
Speaking at IGD's annual Supply Chain Summit, Malcolm Basey, Supply Chain Director at Morrisons, stressed the importance of understanding the source of complexity in the supply chain. Although the retailer operates a vertically integrated supply chain, he stressed that in-store operations presented the..... 0 comments

US: Biggest Asian supermarket retailer in California opens first location in Texas
Locals craving exceptional Asian foods can expect to find a wide variety of choices at the new 99 Ranch Market in Houston, Texas. Located off the 10 freeway near Blalock Boulevard, 99 Ranch Market carries over ten thousand types of groceries and merchandises imported from all over Asia.The grand opening..... 0 comments

US: Sales grow in October for major retailers
Sales on a same-stores basis rose by 2.1% year-on-year during October, according to figures from the International Council of Shopping Centers. The ICSC, whose Chain Store Sales Trends tracks results from 32 chains, said this was the highest growth since July 2008.Growth was registered across nearly all..... 0 comments

UK: Wal-Mart 'sells' Asda for £6.9bn in group restructuring
Wal-Mart has sold Asda for £6.9bn to a Leeds-based investment vehicle called Corinth Services Limited for only £200m more than it paid for the UK supermarket chain in 1999.In the previously undisclosed group restructuring that took place in August, the world's largest retailer let its subsidiary Wal-Mart..... 0 comments

AU: Coles, Woolworths blamed for food price surge
A competition law expert says grocery prices have risen faster in Australia than they have in most major industrialised countries.Using OECD figures, Professor Frank Zumbo from the University of New South Wales has found that prices have risen 41.3 per cent since the start of 2000.Professor Zumbo says it is..... 0 comments

Belgium: Delhaize raises FY outlook after 3Q profit surge
Belgium-based supermarket operator Delhaize Group (DEG) Thursday raised its full-year outlook after surpassing market hopes with a 28% surge in third-quarter net profit.The company said sales had declined in the U.S. due to a continuing price war among grocers, but it managed to offset the decline with cost..... 0 comments

Mosmart may bid for Carrefour's Russian business
Mr Vitaliy Podolskiy , Mosmart CEO confirmed the intention to acquire Carrefour business in Russia, depending on the terms of the deal. According to Mr Podolskiy MOSMART is successfully moving through restructuring and launching its hypermarkets and the company will be focused going forward solely on..... 0 comments

US: Costco same store sales rise 5% in Oct.
Costco Wholesale Corp. said its same store sales rose five percent in October from the same four-week period a year ago.Same store sales are a key measure for the retail industry, focused on stores that have been open at least a year.The Issaquah, Wash.-based discount chain operates 562 warehouses around the..... 0 comments

UK: Sainsbury's to build new store in Morecambe
Sainsbury's has gained planning permission from Lancaster City Council to build a 40,000sq ft store at Christie Park, the current home of Morecambe Football Club.The retailer announced in January 2009 that it would acquire the Christie Park stadium from Morecambe FC in 2010.The sale was not conditional upon..... 0 comments

Wal-Mart Comes to India
The world's largest retailer has gotten a good footing in the holy city of Amritsar.Wal-Mart is the world's second-largest company after ExxonMobil ( XOM - news - people ). With sales exceeding $400 billion it is six times larger than Procter & Gamble ( PG - news - people ), the largest consumer products..... 0 comments

Russia: X5 Retail Group greenlighted to acquire Paterson
Russian Federal Antimonopoly Service (FAS) has allowed the largest Russian retailer X5 Retail Group to buy a stake in its local competitor "Paterson".According to press service of FAS, X5 will acquire 100% shares of the competitor."The transaction has been approved” - said head of the Russian watchdog Igor..... 0 comments

US: Dillard's, Inc. reports October sales results
Dillard's, Inc. announced today that merchandise sales ("sales") for the four weeks ended October 31, 2009 were $361,685,000 compared to sales for the four weeks ended November 1, 2008 of $406,050,000. Total sales decreased 11%. Sales in comparable stores decreased 8% for the four-week period.Sales for the..... 0 comments

UK: Tesco trade briefing 2010
Tesco’s strategy of following the shopper remains more relevant now than ever, and this has helped the business to deliver UK like-for-like sales of 3.7% in H1 2009/10 against a challenging trading backdrop. Having increased UK sales by £3.6bn last year, Tesco remains heavily focused on delivering growth,..... 0 comments

US: Whole Foods Market reports fourth quarter results
Whole Foods Market, Inc. reported results for the 12-week fourth quarter and 52-week fiscal year ended September 27, 2009.Sales for the quarter increased 2.3% to $1.8 billion. Comparable store sales decreased 0.9% versus a 0.4% increase in the prior year. Identical store sales, excluding eight relocations..... 0 comments

US: Family Dollar sees growth in new stores, new shoppers
Family Dollar Stores Inc (FDO.N) will expand its business by opening new stores, renovating older locations and selling more to the middle- income consumers who are looking for bargains.The retailer, which sells most of its merchandise for $10 or less, outlined the plans at its analyst meeting on Tuesday,..... 0 comments

UK: World Food award Asda prize
The first World Food Awards 2009 were held at the London Hilton on the 31st October, and Asda won the Best National Retailer category. The World Food Awards are organized by the World Foods Association, and Harry Dulai said that the aim is to ensure that ethnic foods is recognised as an important..... 0 comments

AU: Queensland firm claims Organic Retailer of the Year award
Wray Organic, a leading Queensland organic produce retailer, was recently awarded both the Queensland Award and the National Award for Organic Retailer of the Year 2009.The presentation was made by the Hon. Tim Mulherin, Queensland Minister for Primary Industries and Fisheries, at the Queensland launch of..... 0 comments

SA: Woolworths changes the way fresh produce is grown
Woolworths, together with its produce farmers, is pioneering a new way of farming fresh produce that improves soil and plant health, preserves scarce water resources and promotes biodiversity. In initial trials, yields and quality have been more consistent, while water, herbicide, pesticide and fertiliser..... 0 comments

Germany: Metro Group reports 54 percent increase in tagged sales
German retailer Metro Group has reported a 54 percent boost in its RFID tagged sales. Metro, worth $68 million, is the world’s fifth largest retailer with stores across Europe, Asia, and North Africa.Gerd Wolfram, Metro’s IT office chief, has noted that using RFID for inventory tracking has yielded a..... 0 comments

AU: Metcash exec wins environmental award
Metcash Limited sustainability manager, Louise Rhodes, has been named winner of the Environmental Institute of Australia and New Zealand’s (EIANZ) Young Environmental Professional of the Year Award for 2009.The annual award recognises employees working on projects that make a positive environmental impact on..... 0 comments

Chile: Cencosud YTD Profit Slumps 25%
Retail conglomerate Cencosud has seen its net profit drop by 25.4% year-on-year to 39.7bn pesos ($74.9m) for the January-September period, and attributed it to “adverse effects on operational margins of converting other currencies into Chilean pesos”. The drop came despite increased sales in all its markets,..... 0 comments

UK: Asda launches World Food store
Asda has this week launched its first World Food store in Hounslow, West London.The store stocks chilled and frozen ranges of Mediterranean, Irish, Asian, African Caribbean and Polish food.The store also includes a Polish deli counter and a Halal meat counter. Asda said the Hounslow store would serve six..... 0 comments

US: Supermarket retailer Giant Eagle, Inc.
Today celebrated the receipt of a Green Grocer award from the supermarketindustry's Progressive Grocer magazine. Retailers selected by ProgressiveGrocer include only a select few supermarkets that have demonstrated highlyinnovative projects or efforts to help the industry as a whole become..... 0 comments

Tunisia: Retail business - 9 'Champion' stores are re-labelled 'Carrefour Market'
Since October 28, 2009 nine of Tunisia's "Champion" stores will be re-labelled "Carrefour Market" . The move which was decided by the group following the successful opening since 2007 of hundreds of outlets bearing the same name and which have recorded higher revenues concerns "Champion" supermarkets located..... 0 comments

Japan: Seven & I to widen own brand offer
Seven & I Holdings is reportedly looking to enhance its own label offer, as it looks to match similar moves by rival Aeon and take advantage of consumer shopping trends for such goods. In an uncited report, the Nikkei daily said the group plans to revamp its own label offer once every two years.The..... 0 comments

US: 34 Albertsons stores now Fresh Markets
Shoppers are in for at least one sweet treat when they visit any of the 34 Albertsons stores that have been purchased by Associated Foods.Starting today, those who bring their Albertsons loyalty cards to the newly named Fresh Markets will be able to exchange the defunct cards for a free 5-pound bag of..... 0 comments

French group to open six hypermarkets in Russia: FRA
French retail group Auchan has confirmed that it’s planning to open 6 new hypermarkets in Russia by 2010.According to CEO Auchan Russia, Jean-Pierre Zhermen, the new hypermarkets will be opened in Moscow, St. Petersburg, Ufa, Samara and Kazan. Others are planned for Omsk, Moscow, Kaluga and Penza.Zhermen..... 0 comments

Giant opens new store in the USA
Giant Food Stores in the USA, will open the doors of its brand-new 97,700 square foot Susquehanna Township location tomorrow, Wednesday, October 28, 2009 at 8 a.m. Giant’s newest store is the largest in the grocery chain and its third Super store.The store is located within the Blue Mountain Commons Shopping..... 0 comments

US: Publix Super Markets net earnings rose 26 percent in 3Q to $255 million
Marks put together a list of 30 standard family items -- from coffee to disposable diapers to mustard to cereal -- and tried four shopping methods. (Bulk-club shopping, store-brand shopping, savvy shopping, and impulse shopping.)Not surprisingly, the impulse method (buying without regard to price) was most..... 0 comments

UK: Legal row over Somerfield sale proceeds
A legal dispute has broken out over proceeds from the £1.6bn sale of the convenience store chain Somerfield, once part-controlled by Robert Tchenguiz, according to guardian.co.ukA company controlled by Vivian Imerman has filed a lawsuit claiming it is owed millions of pounds from the deal, the Guardian..... 0 comments

Carrefour Indonesia ordered to sell its Alfa stake
Carrefour SA, Europe’s biggest retailer, was ordered to sell its stake in an Indonesian supermarket chain as regulators said the French company was using its “dominant position” to unfairly squeeze suppliers.Carrefour Indonesia must sell its stake in PT Alfa Retailindo within a year, Dedie S. Martadisastra,..... 0 comments

US: Tesco corporation reports Q3 2009 results
Tesco Corporation reported a net loss for the quarter ended September 30, 2009of $0.3 million, or $0.01 per diluted share. This compares to a net loss of$3.6 million, or $0.10 per diluted share, for the second quarter of 2009, andnet income of $17.6 million, or $0.46 per diluted share, for the third..... 0 comments

Metro 3Q net -61%, plans E.Europe, Asia expansion
Metro AG (MEO.XE), the world's fourth-biggest retailer, Tuesday said it is pushing ahead with plans to expand in Eastern Europe and Asia to offset continued sluggishness in its core markets in Western Europe, where poor consumer sentiment and deflationary trends helped drag down net profit by 61% in the..... 0 comments

Belgium: Delhaize lauded for corporate responsibility report
A corporate watch organization here has awarded Delhaize Group its annual prize for best report on sustainable development.The Belgian Institute of Company Auditors recognized Delhaize’s 2008 responsibility report, in which the retailer detailed corporate initiatives dedicated to food safety, the environment..... 0 comments

US: Eco-Safe update supermarket systems
Eco-Safe Systems USA, Inc. is pleased to announce signing a contract with KTA Super Stores in Hawaii. KTA Super Stores was founded in Hawaii over 90 years ago and currently operates a chain of extremely popular Hawaiian supermarkets. Eco-Safe Systems has just begun the first installation of Ozone..... 0 comments

US: Harris Teeter boosts parent company’s fiscal 2009 results
Ruddick Corp., the Charlotte, N.C.-based parent company of grocer Harris Teeter, reported an increase in consolidated sales for fiscal 2009 of 2.1 percent to $4.08 billion, from $3.99 billion in fiscal 2008, and a rise in consolidated sales for the fourth quarter ended Sept. 27, 2009, of 2.1 percent to $1.05..... 0 comments

UK: Tesco should consider buying Ahold, ING analysts say
Tesco Plc, the U.K.’s biggest retailer, should consider buying Royal Ahold NV at a cost of about 15 billion euros ($22.2 billion) to accelerate its U.S. expansion, ING analysts wrote in a note.Ahold, the Amsterdam-based owner of Stop & Shop and Giant supermarkets in the U.S., is “cheap on all metrics,”..... 0 comments

UK: Morrisons seeks supplier backing amid intense competition
Britain's fourth largest supermarket group, Wm Morrison, has signalled to suppliers that it wants more support for promotions to combat increased competition in the grocery sector, according to the Financial Times.Suppliers said they expected Morrisons to begin negotiations over the coming weeks, reflecting..... 0 comments

French retail group Auchan to open 6 hypermarkets in Russia by 2010
French retail group Auchan has confirmed that it’s planning to open 6 new hypermarkets in Russia by 2010. According to CEO Auchan Russia Jean-Pierre Zhermen, the new hypermarkets will be opened in the largest Russian cities such as St. Petersburg, Ufa, Samara and Kazan, while two hypermarkets will be also..... 0 comments

UK: Budgens wins ninth national award this year
A retail company that has a food store in Moreton has won its ninth national award this year.Warner’s Budgens, which also has stores in Broadway and Bidford-on-Avon, beat Morrison’s, Kellogg’s, Asda and other top retail industry names to win the coveted Unilever Award for Social Innovation at the Institute..... 0 comments

AU: Alworths hits trouble with Woolies’ owners
The imminent launch this week of Woolies lookalike chain Alworths has upset the owners of the Woolworths brand.Solicitors acting for Shop Direct, which runs Woolworths as an online retailer, have written to Alworths saying that its name is too similar to that of Woolworths. According to the Financial Times,..... 0 comments

British Retail Consortium survey retail
Consumer confidence has risen to its highest level for 18 months but major job fears remain. The latest Consumer Confidence Index, released today (Monday) by market research company Nielsen and the British Retail Consortium (BRC), shows an increase to 75 - a ten point gain on the all-time low of 65 we saw in..... 0 comments

US: Walmart cuts prices again
From licensed toys to active-play items, Walmart announced today 100 additional toy Rollbacks in its intent to help families save more this holiday season. This week in all stores and online at Walmart.com, the prices of more than 100 toys will be rolled back, many at an additional 20% and 30% savings, and..... 0 comments

Ting Hsin to franchise FamilyMart stores in China
According to Yu Guoxiong, a spokesperson for Ting Hsin International Group, Ting Hsin plans to open the franchise rights of its convenience store brand FamilyMart in mainland China at the end of 2009.At present, all FamilyMart stores in mainland China are directly operated by the group.FamilyMart convenience..... 0 comments

Costa Logistics meets customer demand with Manhattan associates
Global supply chain optimisation provider, Manhattan Associates, Inc. has announced that Australian customer, Costa Logistics, a leading provider of third party warehousing and distribution services has extended its engagement with the company by undergoing a major upgrade of its entire warehouse management..... 0 comments

Booming retail sector in India
“Booming Retail Sector in India” helps the client to analyze the opportunities and factors that will make the Indian retail industry a success.India is one of the most attractive destinations for retailers from all across the globe. Thanks to the entry of corporate, changing consumer behaviour &..... 0 comments

European Commission takes aim at retailers in food supply probe
The European Commission launched an inquiry into the food supply chain for unfair contractual practices imposed on small farmers by major retail chains and other buyers, in a drive to curb future food price increases and ensure farmers get a fair share of the price of end products.The Commission reportPdf..... 0 comments

Eurospar brand rolled out in UK
The Appleby Westward Group, the distribution company for Spar in the south west of England, said it has acquired three supermarkets as part of plans to be operating up to 20 Eurospar stores in the region over the next ten years. The three former Somerfield supermarkets, in Keynsham, Liskeard and Minehead,..... 0 comments

European retailers face further hardship next year
The unexpected fall in German retail sales in September, the second straight monthly decline, highlights the fragility of the economic recovery and shows how tough the market will remain for Europe's retailers.A combination of higher unemployment, rising taxes and government spending cuts will mean Europe's..... 0 comments

Germany: Retail sales record surprise drop in September
Retail sales in Germany, Europe’s largest economy, fell unexpectedly in September, in yet another sign that consumer spending patterns remain unpredictable despite improved economic conditions. Preliminary data from the Federal Statistics Office showed that sales were down 0.5% month-on-month in real terms,..... 0 comments

UK: Aldi plan to create jobs in the Isle of Wight
Aldi have hopes of opening a 1,700 square meter supermarket near Cowes, on the Isle of Wight in the UK. It would bring more jobs to the island, and would be the first Aldi there. BAE Systems the aerospace company are leading the project for a business park.Plans have been submitted to the Isle of Wight..... 0 comments

UK: New supermarket opens four stores
A new supermarket chain has bought four stores in Scotland ahead of expansion across the UK which it claimed would secure hundreds of jobs.Haldanes said it was the first mid-sized supermarket chain to open for business in the UK for 27 years.The first four stores are at Carluke in Lanarkshire, and Broxburn,..... 0 comments