Hypermarkets and supermarkets news

24 October 2013
Coles has reported Q1 sales for the 13 weeks to 29 September up 4.9% to AU$8,905m. All other retail arms of Wesfarmers continued to grow well, despite Target, where its leadership team is overseeing a longer term transformation. Wesfarmers' Managing Director, Richard Goyder, said that he was 'generally pleased' with the results. Food and Liquor sales up 4.4% to AU$6,914m Coles continued steady ...
24 October 2013
Robinsons, one of the Philippines' largest multiformat retailers, is set to raise USD 620m in public shares. Funding expansion in an increasingly competitive market Robinsons is the retail arm of the Philippines' Gokongwei Group. Its broad store portfolio includes supermarkets, drugstores, department stores and the Ministop convenience franchise, alongside DIY and speciality stores. Store ...
24 October 2013
Attending an industry event in Montreal this week, provided an opportunity to hear directly from three grocery CEOs in Canada; Couche-Tard’s Alain Bouchard, Sobeys’ Marc Poulin and Walmart’s Shelley Broader. What did these leaders have to say about growth and differentiation? Sobeys growing the business through acquisition With a focus on driving growth in an era of disruptive change, Sobeys’...
24 October 2013
The Canadian Competition Bureau has approved Sobeys’ proposed acquisition of Canada Safeway, subject to the divestment of 23 stores. Deal includes grocery stores, distribution centres and manufacturing facilities Sobeys announced in June that it had reached an agreement to acquire all the assets of Canada Safeway in a deal worth $5.8bn. Net of the divestments, Sobeys will acquire 190 stores ...
24 October 2013
X5 Retail Group plans to sell its Perekrestok supermarket operations in Ukraine by the end of 2014. Negotiations in progress According to the Ukrainian press, X5, one of the leading Russian grocery retailers, has decided to sell its Ukrainian business in 2014. Currently X5 is conducting negotiations with potential buyers, aiming to complete the deal within one year. Challenging market ...
23 October 2013
Brazilian retailer Condor Super Center has opened its 36th store in its home state of Paraná. Store designed in zones Condor invested BRL50m in this 6,000 sq m hypermarket. It has a modern design, using different colours and shelf heights to mark out each department of the store. It stocks 40,000 products. Condor targets 45 stores by 2016 and intends to expand its operations to other stat...
23 October 2013
Brazilian retailer Super Muffato has opened its first hybrid cash & carry/hypermarket store in Curitiba, capital of Paraná state. Catering to business and personal customers The 15,000 sq m Muffato Max store opened in late September and, overall, is Super Muffato's sixth outlet in the capital. It caters for both end consumers, and small and medium retailers and foodservice outlets. There i...
23 October 2013
In the first six months of its financial year, South Africa-based Pick n Pay has announced that group turnover rose by 6.2% to ZAR30.1 billion (US$3.1 billion), aided by new stores, its operations outside its home market and surging online sales. Turnaround strategy appearing to bear fruit Pick n Pay has implemented a turnaround strategy in its home market of South Africa in an attempt to lim...
22 October 2013
One of the largest Russian grocery retailers, X5 Retail Group, plans to open up to 200 new compact hypermarkets predominantly in towns with a population between 50,000 and 100,000 people. Focus on premium shopping experience The sales area of the new compact hypermarket will be reduced from 10,000 to 4,500 sqm. The store will carry 15 to 25,000 SKUs with a focus on ultra-fresh produce, in...
22 October 2013
Waitrose managing director Mark Price has outlined new plans to triple the retailer's size over the next decade. Creating a £15bn per year business Interviewed in the Mail on Sunday, Mark Price set a new goal for the retailer to be a £15bn a year business in 10 years time, up from £5.4bn in 2012/13. A business this size would be comparable with Morrisons which delivered sales of £18.1bn l...