Belgium news and analysis

22 April 2013
In a preliminary release of results for Q1 2013 the Belgium-based group has revealed revenue growth of 2.1% to €5.5bn. Price investment driving recovery Delhaize saw positive performance in all its regions in the first quarter, with the US delivering like-for-like sales growth of 1.9% and Belgium growing 2.4%. This was driven by price investment in both markets, with the retailer contin...
07 March 2013
Carrefour revealed solid full year sales of €76.8bn, a 0.9% increase year-on-year, but there's hard work ahead to drive growth in 2013. Reducing its debt by divesting of operations in non-core markets and seeing more than three-fold increase in net profit to €1.23bn marks the start of a new strategic phase for the retailer. Improvements in the domestic market In France Carrefour delive...
07 March 2013
Delhaize has confirmed 2012 sales of €22.7bn, up 2.9% and reported lower profits, impacted by ongoing price investments. Solid results amidst tough trading conditions Overall, the results gave reason for optimism, not least in improving Q4 sales in Belgium and good growth in Southeastern Europe. The slowdown in profitability, with operating profit down 17% at €810m and operating margin fal...
07 March 2013
Following solid full year results, CEO Georges Plassat has outlined Carrefour's plans as strategy transitions from review and refocus into action. Investment: how Carrefour plans to reinvigorate larger stores Carrefour's strategy of review and refocus has seen the divestment of operations in five markets over the year. Combined with a drive towards greater operational efficiency, ...
11 February 2013
At IGD we keep a close eye on innovation and developments in our  industry.  Here are our latest top picks from around the world.  McCain multi-sensory bus stop ads When McCain launched its new Ready Baked Jackets, it created 3D bus stop adverts containing heating elements. As people activated them, they released  the smell of slow-baked jacket potatoes. The posters were located at bus  shel...
07 February 2013
We look at the strategic priorities for leading European retailers - Carrefour, Lidl & Schwarz (Schwarz Group), Tesco, Auchan and Aldi - in 2013's difficult economic environment, and how they are driving growth.   Carrefour: will 2013 be a year of stabilisation? Carrefour’s new management team has launched initiatives to turn around its performance, including selectively exiting internati...
29 January 2013
The Belgian discounter has reported sustained sales growth for the nine months to 31st December, 2012. Fuel continues to outgrow food Total group sales grew by 6.1% to €6.26bn in the period 1st April to 31st December, while retail sales grew slightly behind this, up 5.1% to €4.75bn.  Colruyt attributes the growth to strong year-end sales and a series of additional discount campaigns which s...
24 January 2013
Discussing various initiatives taken at Bol.com, Netherlands-based Ahold has said that their effect has provided a strong support to sales. At the same time, the company has announced a doubling in the size of the product range available through its Albert Heijn online store. A review of Bol.com's 2012 initiatives During the year Bol.com: Opened three specialist stores, which the compa...
17 January 2013
Netherlands-based Ahold has said in a trading statement that net sales rose by 5.1% in its fourth quarter, at constant exchange rates, to reach €7.8 billion. Strong performance seen in Netherlands and US The company said that in the US , during the fourth quarter, sales were up by 4.3%, in dollar terms, to reach US$6.1 billion (€4.7 billion). Comparable sales were up by 2.8%. At Ahold USA ...
17 January 2013
Delhaize Group has reported revenue growth of 2.9% at €22.7bn for the full year 2012, with mixed performance across international markets. Preliminary operating profit is reported to have declined by 17.5% in line with guidance. Domestic performance improving Having had a difficult year, Delhaize saw revenues in Belgium grow by 2.4% in Q4, and full year revenues increased by 1.6% to €4.9bn....