Colruyt news

Our global analysts share their opinion on grocery retail news from across the globe. Hy-Vee becomes the latest retailer to partner with Takeoff Technologies – Ollie Butterworth, Senior Insight Analyst for the US US Midwestern retailer Hy-Vee has entered a multi-year partnership with automation specialist Takeoff and they have plans to open “upwards of 20” micro fulfilment centres (MFCs) ov...

Colruyt Group has announced it has partnered with international grocery retail buying alliance European Marketing Distribution (EMD). Focus on private label products Colruyt Group’s partnership with EMD focuses on the joint negotiation of purchasing conditions for private label products specifically. This comes after Colruyt has seen shoppers increasing buying its private label products suc...

Revenue grew 7.7% to EUR 10.8 bn, but profits shrunk 30.4% due to the challenging macroeconomic environment.   A summary of the numbers  Revenue up 7.7% to EUR 10.8 bn  Operating profit (EBIT) down 25.8% to EUR 279m  Food retail revenue up 6.6%  Okay, Bio-Planet and Cru revenue up 2.4%  Online was 6.8% of retail revenue (excl. petrol)  The reasons behind the figures...

Colruyt Group is testing a number of in-store technological initiatives in Belgium to provide more efficient time management for employees as well as a better shopper experience. In-store innovation Colruyt is testing the initiatives at one of its supermarkets in Halle, near Brussels. This is the same store it has been testing artificial intelligence to automatically scan products at the ch...

Colruyt announced it has adjusted its outlook for the financial year 2022/2023. Meanwhile, the retailer is increasing investment in its fresh produce banner CRU. Strong to considerable decrease In December, Colruyt reported an operating profit of €123m in H1, a decrease of 41.6% year-on-year, from €211m. It accounted the loss to the absorption of part of the cost-price inflation and a signi...

In Belgium, Delhaize has opened 50 unmanned stores at workplaces in partnership with Selecta over the last 12 months. Meanwhile, Colruyt has launched a new foodservice format aimed at on-the-go consumption in offices. Delhaize opens 50 unmanned convenience stores A year after the launch of its first Shop&Go store concept, Delhaize has announced future plans for the format. Shop&Go is an unm...

As Colruyt Group invests in AI and autonomous solutions in Belgium, it has also acquired French wholesaler Degrenne Distribution to support growth in the convenience channel. Second OKay Direct store Source: Colruyt Group The retailer has opened its second OKay Direct store in Belgium. The autonomous container store is located in the car park of Colruyt’s OKay Lennik store. It enabl...

Colruyt Group reported the first half of its 2022/23 financial year has been impacted by the challenging macroeconomic climate. The retailer said its H1 had been impacted by high inflation, significant cost increases, and declining consumer confidence. H1 figures at a glance: Revenue grows 5.7% to €5.266 bn versus €4.98 bn a year ago Operating profit of €123m versus €211m a year ago ...

Flash delivery service Gorilla plans to exit Belgium, as Colruyt starts trialling its home delivery service and Amazon sets up to enter the market. Separately, Delhaize reveals its reducing is private label prices by up to 30% and Russian discounter Mere faces challenges in the market.      Gorilla exits from the market Recently Gorilla the German flash delivery service confirmed they plan ...

As Colruyt Group looks to evolve its strategy and build on its strengths, we round up three developments from the retailer. Colruyt Group acquires stake in meal box company Colruyt Group bought a 41.36% stake in Smarmat from Smarmat’s founders and the Colruyt family’s investment vehicle, Korys, which first invested in the meal box company in 2016. The Group’s investment is between €26m and ...