Hypermarkets and supermarkets news

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...
21 October 2013
In the fourth of this year's regular updates, we look at the main developments at Carrefour, Tesco, Metro and Walmart, and assess priorities for the rest of the year. Carrefour in confident mood Carrefour reported net sales growth of 1.4% in the first half , and a 2.7% increase for Q3 . All formats in the key French market posted growth in the third quarter, and international sales...
21 October 2013
Reliance Retail plans ecommerce launch, as Tesco's local partner is reportedly developing a smaller hypermarket format. Reliance to enter ecommerce channel The Economic Times reports Reliance Retail's plans to expand into the digital channel within a six to eight month timeframe. The company is considering utilising a marketplace model of operation. This would place Reliance in competiti...
21 October 2013
Kenya-based Nakumatt, in separate announcements, has said that it is continuing to look for expansion opportunities, while also aiming to target new markets. Expansion to continue Nakumatt’s managing director, Atul Shah, said that it remains committed to opening new outlets in the region as it added a new store in Uganda’s capital city, Kampala. Shah said that Nakumatt was aiming to add two s...
21 October 2013
Woolworths is trialling in-store coffee kiosks in its stores in Melbourne and Sydney. Initial tests in three stores Woolworths has installed the coffee pods into its Ashwood and Moonee Ponds stores in Melbourne and one in Sydney, allowing customers to enjoy a coffee or snack when doing their shopping. If the kiosks are popular then the retailer will plan to roll them out to more stores. Spec...
18 October 2013
InRetail Perú Corp, operator of leading Peruvian retailer Supermercados Peruanos, reported a 7.8% growth in revenues for the second quarter of 2013, with a 4.8% increase for its supermarkets business. Slower growth at supermarkets Supermarkets reported slower sales growth and lower gross margin in the quarter, ended 30 June 2013. This was because of an increase in promotional campaigns and h...
18 October 2013
Axfood, Sweden’s third largest grocery retailer has revealed Q3 sales of SEK 9,465m ($1.5bn), an increase of 4.7%. Sales increase across all formats In Dagab, part of the wholesale format, sales increased by 5.8% to SEK 6,346m ($989.9m). Focus will now be on a new distribution centre system. In Axfood Narlivs, another part of the wholesale format, sales increased by 5.2% to SEK 1,738m ($27...
18 October 2013
Finnish S Group has released its results from January to September this year, with sales of €8.4bn. Strong grocery sales drive overall growth Overall, sales increased by 1.5%. Strong growth in grocery compensated for weaker growth elsewhere in the organisation. Sales in consumer goods declined by over 1% and sales in department stores declined by 7.5%; while grocery sales increased by 4%. S ...