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Retail

Netherlands: Lower prices and expansion
As PLUS trials a local pricing model with five franchisees, SPAR sets out ambitious expansion plans for its city format and Jumbo aims to add in-store pick up points, we round up the news from the market.PLUS trials lower price model at five storesPLUS has said that stores operated by five franchisees will.....

Waitrose woes knock John Lewis profits
Annual profits have fallen by 9% to £342.7m at the John Lewis Partnership and its staff bonus has been cut to 11% of salary as a result.The employee-owned group's performance was mostly hit by the effects of the supermarket price war on Waitrose.It was reflected in the bonus to its partners, which fell for.....

South Korea: Huge growth in online retail
Large retailers in Korea have achieved great success in the operation of their mobile shopping platforms, amidst a recent slump in their offline store operation caused by ordinances restricting operating hours, and the economic slow-down.E-Mart has even started to operate a distribution center for online.....

Kids eat fruit, while parents shop
United Supermarkets is going to let kids eat fruit for free while parents shop.They're launching the Kids Free Fruit Program in all United Supermarkets, Market Street, Albertsons Market and Amigos stores, Kids can eat a snack size apple, orange, or banana while mom or dad shop. All you have to do is ask an.....

UK: Asda shows worst sales in decades
Asda’s sales performance has sunk to its worst in more than 20 years in the face of a resurgence by its larger rival Tesco and a bitter supermarket price war.Sales dropped at all three of Tesco’s major rivals as Britain’s biggest retailer increased sales by 1.1% in the 12 weeks to 1 March, according to the.....

UK: Tesco starts to catch up
The supermarket industry has been turned on its head according to new industry figures, with Tesco the best performer out of the “big four” and Asda the worst.Tesco sales grew by 1.1pc in the 12 weeks to March 1, ahead of rivals Asda, J Sainsbury and Wm Morrison. This was its best performance for 18.....

Tesco Lotus building distribution hub
Tesco Lotus will open its second regional distribution centre (DC) in Surat Thani to support its growing business.At a cost of Bt2.5 billion, the state-of-the-art DC will serve customers in the South of Thailand while contributing to local economic growth, with an official opening scheduled for the third.....

Tesco continues to rebuild
UK: Asda, Sainsbury’s and Morrisons sales fall
The UK’s biggest grocer posted its strongest performance in 18 months with sales up 1.1% in the 12 weeks to March 1 compared with a difficult 2014, the latest till roll figures from Kantar Worldpanel reveal.By comparison, nearest rival Asda’s sales were down 2.1% and Sainsbury’s and Morrisons posted declines.....

Strong growth for Ocado in Q1
Ocado has released an encouraging trading statement with strong growth in both sales and order numbers.Sustaining growth in challenging marketIn the 12 weeks to 22 February 2015, gross retail sales (which includes sales through Ocado's recently launched pet store Fetch and kitchenware site Sizzle) increased.....

Auchan sees 14.7% increase in Hungary
Overall, Auchan reported a 14.7% increase in revenue in 2014, partly driven by strong performance in Eastern Europe. In Hungary, however, the sales uplift was much smaller, with gross turnover increasing by 0.6% to HUF 326bn (€1.1bn), alongside a reported loss of HUF 12.5bn (€4m).New loyalty scheme and.....

Spanish retail sales rise
Spanish retail sales rose for the sixth straight month in January, another sign of gathering domestic demand that is helping fuel an economic recovery after years in or near recession.After registering its first noticeable annual expansion for five years in 2014, Spain's economy is expected to grow as much.....

Reliance Retail to start online sales
Reliance Retail, the retail arm of Reliance Industries, is set to launch its e-commerce portal in April/May, coinciding with the pan-India roll-out of Reliance Jio Infocomm’s fourth generation internet and mobile services.Hiring is on in full swing to put together a 2,000-strong e-commerce team along with an.....

US: SpartanNash promotes 2 executives to key positions
Two SpartanNash Co. executive vice presidents have been promoted to key positions, the Byron Township-based grocer announced this week.Dave Staples, SpartanNash's current executive vice president and chief financial officer, has been appointed chief operating officer, and Derek Jones, executive vice.....

Grocery shopping is complicated
According to a survey by Ipsos among a representative sample of US primary grocery shoppers to understand shopper behavior, shopping for groceries at only one store is the exception rather than the rule. When shoppers have more than one store in their repertoire set, the stores are likely to be complementary.....

Auchan profit hit by international expansion costs
Auchan said Monday its net profit fell by a quarter last year despite rising sales as its international expansion weighed on the bottom line of the France-based supermarket group. Net profit fell by 25.2 percent to 574 million euros ($624 million).Meanwhile, sales stripped of taxes rose by 14.7 percent at.....

Justin King:
Tesco's problems not sector-wide
One of grocery's most senior figures believes the accounting and governance problems facing Tesco are "specific to them", with the industry passing various tests and investigations in recent years.In a wide-ranging interview with Financial Director, Justin King, who stepped down as Sainsbury's CEO last after.....

Falling UK food sales continues
Britain’s retailers suffered another slow month for sales in February, according to industry figures that suggest a supermarket price war continues to affect​ takings.A pick-up in sales of swimwear, sandals and other holiday items was barely enough to offset the continuing decline in food sales and.....

Search for new Fresh Market CEO
The board of directors of The Fresh Market is beginning the process of interviewing potential candidates to become the chain’s next CEO, Sean C. Crane, the interim president and CEO, told analysts. Crane said he would be involved in the process as a candidate.“The board has shared [with me] that they are.....

Loblaw invests in stores, ecommerce
Loblaw is to invest over $1.2bn this year in developing new stores, expanding its ecommerce operations and driving on-going improvements in its supply chain and IT infrastructure.Building on ‘Inspire’ format programThe retailer will open around 50 new stores this year and undertake remodels within a further.....

Indonesia: Retail sales grow 10.4%
Indonesia's annual retail sales in January grew at a much faster pace of 10.4 per cent bolstered by information and communication equipment as well as food, beverages and tobacco, a Bank Indonesia survey showed on Tuesday.January's retail sales were faster than December's 3.3 per cent growth, which was.....

Coop Norway’s acquisition of ICA approved
The Norwegian Competition Authority announced their approval of Coop Norway’s acquisition of ICA Norway, but the acquisition may not be completed until Coop Norway has sold on 93 of their stores.Coop has entered into agreements with Bunnpris and Norgesgruppen to sell the stores concerned. The Competition.....

Bationwide domination almost complete
7-Eleven Japan opens first stores in Kouchi Prefecture
Convenience stores are easily a part of everyone’s daily lives in Japan. So long as you’re in an urban area, you’re probably never more than a five-minute walk away from one. More commonly known as “conbini” in Japanese, they really are just as handy as their name suggests. Need to pay a bill or for an.....

AU: ACCC chairman: Woolworths has fat margins
Australian Competition and Consumer Commission chairman Rod Sims says Woolworths has one of the highest profit margins of any large supermarket chain in the world, and while the chain's plan to cut grocery prices should be a win for shoppers, the regulator will use the extra clout of the new code of conduct.....

UK: DIA could look to collaborate with Tesco, Asda
Following on from reports that Spanish discount retailer Dia may be considering an entry into the UK, a report from Bernstein Research has suggested that Tesco or Asda could be effective collaboration partners, should it decide to make a move.Dia chief corporate officer Amando Sánchez Falcón was quoted in.....

Lidl wants to invest almost 100 mln in Austria this year
Retail chain operator Lidl will again invest in its chain in Austria this year. The company will spend almost EUR 100 million (USD 110.4 million) on the purpose Lidl announced on Thursday. By 2016 almost all 203 branches are supposed to be modernized.This year about 30 shops will be renovated. Out of them 12.....

US: Organics growing at Costco
Costco Wholesale Corp. said Thursday it intends to increase its offerings in organics based on the rapid growth of sales over the last couple of years.EVP and CFO Richard A. Galanti said sales of organics approached $3 billion in the fourth quarter of 2014, “which was more than twice what it was a year and a.....

Japan: FamilyMart and Uny Group consider merging
FamilyMart and Uny Group have said that they entered negotiations in early February 2015, with talks that could lead to them signing a merger deal by the end of 2015.Collaboration aimed at enabling retailers to compete in convenience formatThe merger - if completed - would create Japan’s second largest.....

UK: Welsh Co-op promises price cuts and more local food
Price cuts and more local food have been promised by the new boss of Co-operative Food in Wales as they face up to the fierce competition in the convenience store sector.Matthew Speight, a former regional finance director for Aldi and operations director for Tesco Express, has joined The Co-operative Food to.....

Supermarket hit by fierce UK price war
Britain's fourth biggest supermarket Morrisons is expected to report its lowest annual profit in eight years on Thursday, hurt by a fierce industry price war, and is likely to signal lower dividend payouts going forward.Last week Morrisons, which trails market leader Tesco, Asda and Sainsbury's, named former.....

Aldi Süd sees opportunities in Italy
Aldi Süd is planning to go to Italy, the Lebensmittel Zeitung reports. The discounter is currently doing extensive research into the Italian market. They see the country as having potential, but do not yet want to confirm that they will actually set up shop there. Italy is an attractive market for.....

China: Amazon opens store on Alibaba's Tmall
Amazon China has opened an official store on Alibaba's Tmall marketplace selling imported products including food, shoes, toys and kitchenware, unveiling a new collaboration between the two e-commerce companies.Amazon widening its reachThe initiative by Amazon reinforces the huge dominance and influence of.....

Mercadona turnover up 2% in 2014
Mercadona has released its 2014 results, which show that the retailer posted a two per cent rise in turnover as well as a five per cent increase in net profit, compared to 2013.In total, turnover was over the €20 billion mark for the Valencia-based chain, with €543 million (2.9 per cent) of that figure being.....

Intermarché launches online store in Portugal
IntermarcheFrench supermarket chain Intermarché has opened its first online store in Portugal, which allows customers to order purchases without leaving home.Intermarché created the 'Drive' service so that customers receive the purchases from the selected store without leaving the car.The goal, says the.....

Tesco posts huge loss in Czech Republic
Retail chain Tesco posted a 4 billion Kč loss ($160 mln) in the Czech Republic in fiscal year 2013/2014 after a 1.1 billion Kč ($ 0,4 mln) loss a year earlier, and its sales dropped by 3.5 percent year-on-year to 42.4 billion Kč ($1,7 bln), Tesco said in its annual report.The results for the.....

Tesco voted Britain’s favourite supermarket
Despite board shuffles and an accounting scandal towards the end of last year, Tesco has been voted as Britain’s favourite supermarket. A recent poll by a money saving website found that Tesco is the nation’s no.1 go-to for groceries, with almost 29% of Brits voting the company above competitors. 37% of.....

Armenia: Food prices decrease
Prices for foods in Armenia slid 0.7% in February 2015, compared with the previous month, the National Statistical Service reports. This decrease was mainly due to a 3.4-1,1% fall in prices for fruits, eggs, fishery products, vegetables and potatoes, cooking oil and adipose, sugar, bread and bakery products......

AU: Supermarkets' brave new world
Derided as a haven for duopolies, Australia is in fact the scene of a price war in the crucial $88 billion food and grocery industry."There is now a more competitive environment for supermarkets than I've seen since my years in the regulatory environment," says Graeme Samuel, who chaired the Australian.....

US: Come fly with me, Metcash asks suppliers
Fancy a trip to New York, Vietnam or North Queensland?This month, as it battled two Federal Court cases from aggrieved suppliers and supermarket owners, Metcash is conducting "overseas study tours" with suppliers. These cost a pretty penny to the suppliers who attend the trips with Metcash staff. Metcash.....

UK: John Lewis bonus falls victim to supermarket price war
The treasured bonus for staff in the John Lewis Partnership is to fall victim to the grocery price war.The John Lewis Partnership is poised to announce this week that its annual payout to staff has fallen for the second consecutive year, after profits for Waitrose were hit by the challenging trading.....

US: SpartanNash to close 10 stores in 2015
SpartanNash Co. plans to shutter 10 stores and remodel others in 2015.Most of the closures and updating will involve stores outside of Michigan, CEO Dennis Edison told analysts on Wednesday, March 4."We remain focused on improving the efficiency and quality of our operations and as a result intend to close.....