Hypermarkets and supermarkets news

31 October 2013
Portugal-based Jerónimo Martins has announced third quarter results saying that total sales had risen by 15.5% at Biedronka, 4.1% at Pingo Doce and 3.6% at Recheio, highlighting the broad base of growth for the retailer. Retailer ‘reinforced… leadership positions… in Poland and Portugal’ In the first nine months of the year, consolidated sales rose by 11.5% to €8.7 billion, aided by like-for-...
31 October 2013
Australia's leading retailer, Woolworths, has reported sales up 6.1% for the first quarter of the 2014 financial year, with the supermarket division reporting sales growth of 6.4%. Result underpinned by Australian Food and Liquor business The Australian Food and Liquor business reported sales of AUS$10.4bn for the quarter (+4.5%), with comparable store sales up 2.5% and increases in custo...
31 October 2013
Supermercados Peruanos reported revenue growth of 10.7% for the third quarter. Parent company InRetail Perú Corp saw growth of 13.3%.  Same store sales boost supermarkets Same store sales in the supermarket division were up 2.1% for the third quarter, driving overall revenue growth. Revenues at the pharmacy business grew by 16.8%, and reported same store sales up 4%. The division opened 39 s...
30 October 2013
Target has announced the final phase of its 2013 store opening plan for Canada, with 33 stores scheduled to open in November. These openings will see Target reach its goal of 124 new stores for the year. Focus will shift to improving execution There is no doubt that Target’s opening of 124 stores has been a significant undertaking. With the first stores only opening in March of this year...
29 October 2013
Metro Group’s hypermarket chain Real has opened its flagship store in the newly built Kronenberg shopping mall in Essen. Enhancing fresh offer After several years of planning, the new 9,500 sqm large hypermarket was unveiled on 24 October 2013 in Essen-Altendorf. The new concept is built around the motto ‘Let’s celebrate variety and freshness’ and offers shoppers an improved assortment, h...
29 October 2013
Carrefour has entered into negotiations to purchase Coop d'Alsace's convenience stores in France, while Casino is to acquire 47 Le Mutant stores. Exclusive talks between Carrefour and Coop Coop d'Alsace's board of directors decided, at a meeting held on 26 October, to open talks with Carrefour as part of a plan to sell its store network. Carrefour wants to retain the stores' banner, and m...
29 October 2013
The Midcounties Co-operative has reported a rise in profits for the first half of 2013 despite tough trading conditions continuing. Food sales up Results for the six months to 27 July 2013 show operating profit grew by 16.1% to £12 million, while sales were up 36% to £593 million. The food business, despite tough trading conditions delivered an 8% rise in sales, taking the value to £310 mi...
29 October 2013
Wumart, a key domestic player in the Chinese grocery market, reports double digit revenue growth for the third quarter. Wumart maintaining double digit revenue growth In the third quarter Wumart saw total revenue growth of 10.2% to RMB 4.9bn (USD 805m), slightly dampening year-to-date growth for the ninth months to 11.1%. Net profit declined by 0.9% to RMB 124m (USD 20m), with the nine mo...
29 October 2013
South Africa-based Shoprite has announced a trading update covering the first three months of its financial year, saying turnover was up by 10.2%, driven by its operations outside of its home market. South African shoppers ‘under increasing pressure’ Shoprite said that sales in South Africa rose by 8.3%, even though the retailer noted that market conditions had worsened, with shoppers coming ...
24 October 2013
 At a press event in Beijing, Walmart CEO Mike Duke and Walmart China CEO Greg Foran spoke about the company's progress in China's competitive market to date, and its strategy for the years ahead. Walmart's three year plan to 2016 Open up to 110 new outlets, focusing on tier two, three and four cities (offset by planned closure of non-performing stores - read about it here ) Expand ...