Retail

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.....


Israel: Eden Teva organic stores to expand through Mega
The Israeli organic food chain Eden Teva Market, controlled by Blue Square (51%), has brought its plans to open independent stores to a halt and is preparing to expand by opening departments within stores of their sister company Mega. After a pilot project conducted by Mega at its stores in Shoham and Tel.....

AU: Key aspects of the food and grocery industry
Aldi and Metcash are both on board for the new legally enforceable code developed by Coles, Woolworths and the Australian Food and Grocery Council.On Tuesday 3 March 2015 the Food and Grocery Industry Code of Conduct (the Code) was declared to be a legally enforceable, voluntary prescribed code under the.....

Boardroom shake-ups for Tesco, Marks & Spencer
The boardroom clear out at supermarket giant Tesco continued yesterday, while high street icon M&S announced a new board role for its current chairman.Tesco, the UK’s biggest retailer, said non-executive director Gareth Bullock would retire from the main board today, but remain on the board of Tesco.....

Rema 1000 Denmark tops 10 billion kroner turnover in 2014
The discount supermarket chain Rema 1000 has achieved a turnover of more than 10 billion kroner in Denmark for the first time ever. The annual report of the chain’s Norwegian owner Reitangruppen suggests that Rema 1000 is faring well in the ongoing discount war in the Danish retail space.Its record figures.....

Aldi and Lidl: ten years on the Swiss market
Aldi and Lidl have opened 275 stores in Switzerland in the last ten years. Since then their assortment has become more versatile and the distance to the next supermarket has shortened, reports the Swiss newspaper'Thurgauer Zeitung'.When Aldi and Lidl wanted to enter the Swiss market ten years ago the.....

UK: Parfetts reveals good growth for 2014
Major regional cash & carry wholesaler, Parfetts, with six depots focused in the North-West and Midlands has published its annual results for the financial year ending 30 June 2014, revealing turnover up 3% to £309m. Against the backdrop of a flat market, Parfetts' performance continues to show the.....

South-Africa: Massmart confirms sales rose 10.4% in FY2014
Massmart, in which US-based Walmart owns a majority stake, has confirmed that it enjoyed sales growth of 10.4% in its 2014 financial year, reaching ZAR78.2 billion (US$6.6 billion). The retailer said that the performance had been driven by comparable store sales growth of 7.5%, with the Massbuild – total.....

South Africa: results and private label
SPAR (South Africa) updates on tradingIn a trading update for the 17 week period to 24 January, SPAR Group has said that total sales rose by 38.3%, while excluding the impact of the acquisition of Ireland-based BWG Group total sales rose 8.7%. The retailer said that sales in its home market were driven by.....

US: Behind Kroger’s record of success
As Kroger reports another outstanding quarter, IGD reviews what’s behind its on-going success.Sales break through $100bn barrierKroger’s fourth quarter sales (ex-fuel) increased by 14.2%, reflecting the acquisition of Harris Teeter, with identical store sales (ex-fuel) up 6.0%. For the full year, the.....

US: Winning countries, channels and categories at Costco
As Costco reports its latest results, IGD highlights where it won in the quarter.Taiwan, South Korea and Mexico lead international growthCostco’s second quarter sales increased by 4.3% to $26.8bn, with comparable stores sales up 2%. Net income attributable to Costco increased by 29.2% to $598m.The retailer’s.....

France: Carrefour reveals 2015 priorities
At yesterday's presentation for the 2014 full year results, Carrefour said its action plans were bearing fruit as it confirmed an acceleration in its organic sales growth for the year, up 3.9%. Recurring operating income increased by 7% in Europe and 14.9% in emerging markets.2014 results confirm growth.....

Delhaize to continue Food Lion investments
Delhaize Group on Thursday said sales and underlying profits in the U.S. increased in the fiscal fourth quarter, citing effects of comparable-store sales growth, a favorable sales mix and better sales leverage.Sales for the quarter totaled $4.7 billion, a 12.1% increase. Excluding the effect of a 53rd week.....

Fresh Market to exit California
The Fresh Market said Thursday it plans to discontinue operations in California by March 31 “to focus on higher growth opportunities.”The Greensboro, N.C.-based specialty grocery retailer operates stores in Palo Alto in Northern California, Santa Barbara in Southern California and Laguna Hills south of Los.....

AU: Metcash settles court case with IGA food retailer
Metcash has settled a multi-million court case with a collapsed IGA supermarket retailer, heading off a potential confrontation with independent retailers who bought former Franklins stores.Ajay Arora and his wife Pooja Arora had sued Metcash for more than $12 million, alleging that the grocery wholesaler.....

Romania cuts VAT for food products
Romania plans to lower the value-added tax rate by year-end “at the latest” to boost domestic consumption and economic growth, Finance Minister Darius Valcov said.The government will cut VAT to 20 per cent from 24 per cent and to 9 percent for basic food products such as meat and vegetables once budget.....

US: Roundy’s Q4 exceeds expectations
Roundy’s had strong sales in the fourth quarter. Net sales were $1.08 billion for the fourth quarter ending Jan. 3, an increase of 26.1% compared with the same time period last year. Same store sales declined 2.3%, an improvement from the first two quarters of the year.“We ended the year on a positive note.....

US: Publix plans to invest $1B in 2015
Publix Super Markets Inc. is on a roll, ringing up $30.6 billion in sales in 2014.The Florida-based grocer on Monday released an annual report that details a stellar 2014 and reveals plans to invest $1.3 billion in new store construction, remodeling and technology in 2015. It also plans to continue investing.....

Profits for Matahari Putra Prima
Retailer Matahari Putra Prima posted a strong profit growth last year, thanks to strong sales and improving store level productivity.MPP said in a statement on Wednesday that its net income grew 24.5 percent to Rp 554 billion last year. Eliminating one time gains in 2014, MPP’s net income increased 58.2.....

Haggen releases rough takeover schedule
Haggen on Wednesday announced it would begin its takeover of 20 Safeway and Albertsons stores in Oregon on March 20 with the Lake Oswego Albertsons store.Haggen will assume ownership of the store at 12:01 a.m. Friday, and the store is scheduled to open under the new brand at 4 p.m. Saturday, March 21.The.....

Weis earnings down
Weis Markets said Wednesday its ongoing pricing efforts helped boost sales while holding down profits for the fourth quarter and fiscal year ended Dec. 27.Net income for the quarter fell 11.6% to $13.9 million, while sales increased 4% to $713.8 million and comparable store sales rose 3.5%. For the year net.....

Romania retail sales rise in January
Romania's retail sales increased at the start of the year, figures from the National Institute of Statistics showed Tuesday.Retail sales excluding motor vehicles climbed a working-day and seasonally adjusted 1.6 percent month-on-month in January.Sales of food, beverages and tobacco grew 3.2 percent monthly.....

Consumer Superbrands study
M&S pain is John Lewis' gain
Marks & Spencer is no longer a top 20 consumer brand favourite in the UK, according to the annual Consumer Superbrands study conducted by The Centre for Brand Analysis.This is the first time since 2009 the UK high street retailer has been out of the top 20.While M&S has seen its customer reputation.....

SpartanNash Q4 sales grow, outlook cautious
SpartanNash on Tuesday said sales at its retail stores in Michigan returned to positive comp growth, but that acquired stores — and lapping favorable weather conditions from a year ago — would likely put comps under pressure in the current first quarter.The Grand Rapid, Mich.-based company said overall sales.....

"Grocery Code as first step"
Peak horticulture organisation Growcom today welcomed the new voluntary Grocery Code of Conduct as an important step in improving bargaining power between supermarkets and suppliers.Chief Executive Officer, Alex Livingstone, said that as an ‘opt in’ prescribed code retailers and wholesalers (although only.....

Anticipated earnings increase for Kroger
Wall Street is high on Kroger, expecting it to report earnings that are up 14% from a year ago when it reports its fourth-quarter earnings on Thursday, March 5, 2015. The consensus estimate is 89 cents per share, up from earnings of 78 cents per share a year ago.Over the past three months, the consensus.....

UK: Greggs announces strong results
UK food-to-go retailer Greggs' full year 2014 results for the 53 weeks ending 3 January 2015 show strong year-on-year sales and excellent profit growth.Total sales up 5.5% to £804mIn 2014, Greggs' total sales increased by 5.5% on the previous year, up £41.6m to £804.0m. The strong sales growth was boosted by.....

Spain: results round-up
As a number of retailers in Spain announce their 2014 full year results, we round-up how each has performed during the year.Consum turnover ‘exceeds €1.94 billion’Consum’s director of external relations, Javier Quiles, has announced that the retailer enjoyed turnover growth of 5%, taking its total to €1.94.....

Belgium, Netherlands: Ahold widens offer
As Ahold launches a new loyalty card and prepares for the launch of its online offer in Belgium, its chief executive discusses its existing online skill and scale in the Netherlands and its recently appointed chief executive for Albert Heijn in the Netherlands discusses his thoughts on how the retailer can.....

UK: Lidl hires Michelin-starred chef in bid to win middle-class shoppers
German discount supermarket Lidl has hired a Michelin-starred chef in a bid to win over more-middle class shoppers and hammer home its message of quality.UK trade paper Retail Week has reported that Kevin Love, who worked as a Lidl store manager before training to be a chef, spent three years as head chef at.....

US (MN): Target cutting HQ jobs
Target stock closed down slightly a day after the company announced several thousand employees at its Minneapolis headquarters would be losing their jobs.It’s part of a restructuring plan that the CEO is promising will change how you shop at their stores.Target is promising more organic and local foods,.....

AU: Aldi growth threat to big two
Aldi's rapid growth along the east coast of Australia and plans to expand into South Australia and Western Australia pose a serious threat to Woolworths and Coles, Moody's says.Aldi's rapid growth along the east coast of Australia and plans to expand into South Australia and Western Australia pose a serious.....

UK: Nisa brings in £100 million Costcutter stores under Tesco boss
Scunthorpe-based grocer and convenience store Nisa has announced that it has recruited over 270 former Costcutter retailers since March 2012, worth over £100 million. The group revealed earlier this month that it had welcomed 17 former Costcutter members based in Northern Ireland to the group. This comes in.....

Spar enters Indonesia
Spar International has opened three stores in Jakarta in conjunction with PT Ramayana Lestari Sentosa marking its entry into the country. SPAR and Ramayana said that the three stores were part of plans to be operating 15 in Indonesia by the end of 2015.Stores are conversions of existing Ramayana-owned.....

Carrefour eyes higher 2015 capex after 2014 profit rises
Carrefour, the world's second-largest retailer, said it would boost capital expenditure this year as it seeks to cement a revival of its European hypermarkets and expand in the key emerging market of Brazil.Europe's biggest retailer also proposed raising its 2014 dividend by 7.9 percent to 0.68 euros a share.....