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Retail

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.....

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.....

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.....

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.....


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.....

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.....

Restructuring program cuts Delhaize profit
Belgian supermarket chain Delhaize has seen its 2014 profits halved to 89 million euro net as a result of the restructuring program in its home market and the subsequent strikes.Quarterly loss of 55 million euroDelhaize had already revealed its most essential results at the end of January: company turnover.....

US: Village Super Market posts gains in Q2, half
Village Super Market said sales and profits increased for the second quarter and first half ended Jan. 24.The 29-store company also said it reached an agreement in late February with the New Jersey Division of Taxation under which it will pay approximately $33 million this month to settle a dispute over.....

Estonia: First retail chain online
Maxima Eesti owned by Maxima Grupe became the first retail chain in Estonia to open a store online. Residents of Tallinn and its surroundings are now able to buy more than 6000 different types of everyday food and drinks, vegetables, fruits, perishable and frozen products.Maxima was also the first to offer.....

US: H-E-B launches salad kits
H-E-B has introduced a line of salads kits designed for on-the-go consumption.Sold in the produce department, H-E-B-brand ”Shake, Rattle & Bowl” salads come in eight single-serving varieties, each complete with toppings and dressing.Selections include the “Lean and Green” salad with spinach, kale and.....

Foodstuffs mum on Warehouse stake
Supermarket giant Foodstuffs will not be drawn on whether it will follow rival Woolworths and sell its stake in The Warehouse at a big loss.Foodstuffs paid $150 million for 10 per cent of The Warehouse in a raid in 2006, when The Warehouse was considering moving into the grocery trade.If the co-operative -.....

Czech retailers working to speed up logistics
Czech retail chains have recently been trying to reduce shipment times for most fruits and vegetables sold at their stores, both from Czech and overseas producers. The main motivations are cost reduction and the preservation of the products' freshness. Some traders have been opting for direct imports from.....

Lessons from Canada's changing retail landscape
As Target Canada tumbled into bankruptcy, Loblaw announced that its fourth-quarter profits more than doubled. What can be learned from this tale of two retailers?The main reason for Loblaw's surge was its acquisition of Shoppers Drug Mart last March, which turned it into Canada's largest grocer and pharmacy.....

Latvia: Proportion of local vegetables over 70%
At the moment, the proportion of local vegetables exceeds 70% of all vegetables sold at department stores, as the Agricultural Organizations' Cooperation Council informed LETA.The Agricultural Organizations' Cooperation Council has found out from farmers and retailers that the proportion of local vegetables.....

UK: McColls sales up 6%
Major national UK convenience retailer, McColls Retail Group has published its first set of annual results since the business was floated in February 2014. For the 53 weeks to 30 November 2014 group sales reached £922m, up 6.1% (4.1% on a 52-week comparative basis), underpinned by a like-for-like uplift of.....

Norway: Discount drives growth for Reitangruppen
Reitangruppen, Norway’s second largest grocery retailer has released its 2014 results, reporting a 6.5% increase in turnover to NOK 83bn (€9.5bn).Discount success: ‘running logical concepts that customers want’The retailer’s discount banner, REMA 1000, continued to perform, reporting a 5.8% increase in.....

How Target plans to win with food
As part of a broader strategic update, Target’s senior leadership has shared details of its new strategy to win with food.Three themes came through very clearly from Target’s update on its business strategy to build what it called the ‘Target of Tomorrow’.First, the leadership stressed that it is still in.....

Sainsbury's launches grocery click & collect
Sainsbury's has begun the nationwide rollout of a grocery click & collect service which will see the facility brought to 100 locations by the end of the year.Collection free from refrigerated vansCustomers using the service will be able to collect their purchases from a refrigerated van in a designated.....

Weis Markets expands online grocery ordering, in-store pickup
Weis Markets is expanding its grocery online ordering and in-store pickup service. Starting March 8, shoppers at the chain's Lower Allen Twp. store will be able to order and pay for groceries online and pick up the order at the store off Lowther Road.Shoppers place their orders via Weis' website in the.....

Russian retailers agree on fixed prices for basic products
Russia's largest retailers have agreed to set fixed retail prices for socially important products for the next two months, as reported by the Russian service of the BBC.Executive Director of the Association of Retailers Andrey Karpov has confirmed that the draft agreement was prepared last week. He stated.....

Study reveals Giant’s prices were lower
Earlier this week, Giant announced the results of a price comparison study revealing that Giant’s prices were lower relative to Safeway, Shoppers and Harris Teeter, several of our top competitors in Washington, D.C., Virginia, and Maryland.In its continuing efforts to ensure low, everyday prices for.....

Carrefour wants to bring ED brand back to life
Carrefour is silently preparing to relaunch its former discounter brand ED. Some 30 % of the acquired Dia stores in France would be turned into Ed stores, while the remainder would become a Carrefour.ED to Dia and back to EDAccording to our colleagues at Linéaires, Carrefour has registered the ED trademark.....

Romania: Auchan increased social capital
Auchan Romania which owns a chain of 32 hypermarkets increased its social capital by 30 million euro in January, at 299.2 million euro, by issuing new bonds,according to the decision of the AGM.‘The increase of the social capital is made by the issuing of 1,351,020,000 new shares, each with nominal value of.....

US: Publix, Aldi, H-E-B earn top ratings
Temkin Group announces the publication of the 2015 Temkin Experience Ratings, the fifth year that the company has published the industry's most comprehensive benchmark of customer experience delivered by large organizations. Based on a study of 10,000 U.S consumers, Publix, Aldi, and H-E-B earned the highest.....

Ultra chosen best supermarket for fruit and veg in Norway
This week, Ultra has received the award for best supermarket in Norway to purchase fruit and vegetables."This is a prestigious competition that it is incredibly fun to win. Fruit and vegetables are an important category that we are expanding on, and it is particularly pleasing that we have succeeded in this.....

UK: Morrisons announces Bos Bros closure
Normal 0 21 false false false NL X-NONE X-NONE MicrosoftInternetExplorer4 In a statement recently released to the Media by Morrisons,.....

Rewe boss takes aim at Edeka/Kaiser's link up
The CEO of German retailer Rewe seems intent on roadblocking rival Edeka's controversial takeover bid for Tengelmann's retail chain Kaiser's, according to reports.Rewe CEO Alain Capaross has criticised that "The strongest in the market would become even stronger and widen the gap within the competition" in.....