Hypermarkets and supermarkets news

04 December 2013
Tesco has reported its Q3 trading results with group sales +0.2% (inc VAT exc. fuel) at constant exchange rates and +0.6% at actual exchange rates, for the 13 weeks until 23 November 2013. Ongoing pressures in the UK In the UK sales grew 0.9% (inc. VAT, exc. fuel) with LFL growth recorded at -1.5% (exc. VAT exc. fuel), a worsening performance versus the first two quarters of the yea...
04 December 2013
Morrisons has opened a new warehouse style store designed to inject more theatre in-store experience and speed up the weekly shop. New technologies introduced Key features of the 39,000 sq ft store include: Tunnel scanners on each till to speed up the checkout process TV screens advertising brands and an on-screen recipe adviser in the produce department A produce wateri...
02 December 2013
Metcash has reported half year results to 31 October 2013, with revenues up 4.9% to AU$6.64bn and underlying profits after tax down 1.9% to AU$119.0m. Metcash Food & Grocery sales down 1.5% to AU$4,484m Declining sales and EBIT (down 13.9% to AU$151m) were attributed to ongoing price deflation, which was measured at 1.3%, with like-for-like (LFL) wholesaling sales falling at the same rate. Pl...
29 November 2013
According to reports in Italia Oggi, Auchan is undertaking a revamp programme of 14 hypermarkets in Lombardy, in northern Italy. Refurbishment programme to target Milan Expo 2015 The retailer is said to be looking to complete the refurbishment programme by 2015 so that the stores are in an optimal condition for the Milan Expo 2015. Auchan has recently completed the updated of a hypermarket in...
29 November 2013
Spain-based El Corte Ingles, through its hypermarket banner Hipercor, has announced that it will offer discounts to large families (those with three or more children), following an agreement with the Spanish Federation of Large Families (FEFN). Discounts to focus on selected ranges El Corte Ingles said that it will offer discounts of between 20% and 25% on 16 items each month, on products r...
28 November 2013
Sobeys has launched its first Sobeys ‘extra’, in Burlington Ontario. The new format, which is linked to the retailer’s new Better Food for All mission, aims to offer an enhanced shopping experience through additional departments, products and services. .style1 { text-align: right; }.style2 { text-align: center; } Format brings new brand positioning to life Sobeys launched its new brand...
27 November 2013
Belgium-based Colruyt has announced results for the first half of its financial year, saying that revenue was up 4.6% to €4.25 billion. Investment in price continues Colruyt noted that its investment in price continued in both its home market of Belgium and France, which helped underpin its revenue growth of 4.8% to €3.22 billion in its retail division. In Belgium the retailer said that it...
26 November 2013
With the announcement that Doug McMillon will be leading Walmart as president and CEO from next February, Stewart Samuel takes a look at the key areas of focus across its core US stores and Walmart International divisions. While we expect a high degree of continuity in the overall strategic direction, there are a number of initiatives which may be accelerated under the new leadership. ...
26 November 2013
Similar to a move we saw from the retailer earlier this year in the UK, Tesco is to sell over 35 properties in Poland which it no longer wishes to develop itself. Majority of land adjacent to existing stores Tesco plans to sell off over 30 hectares of land, the majority of which is located adjacent to its existing store network of over 450 stores. Tesco will hope that the land, which is desig...
25 November 2013
Walmart has announced Doug McMillon will succeed Mike Duke as president and chief executive officer, effective February 1, 2014. Doug is currently president and CEO of Walmart International, a position he has held since 2009. Internal appointment ensures continuity and consistency The appointment of Doug McMillon continues Walmart’s tradition of internal appointments to the role of CEO. He...