Hypermarkets and supermarkets news

Here we round up some of the latest news across leading retailers in Germany.  Rewe to rebrand hypermarkets A lack of revival at Toom has resulted in Rewe announcing that the hypermarket banner will be phased out. The phasing out will take place in three parts in the first quarter of 2014. The Toom banner will be replaced by the Rewe Centre fascia, following a successful trial by the retailer. ...

Portugal-based Jerónimo Martins has announced strong results for 2013, as sales have risen by 11.1%, at constant exchange rates, to €11.8 billion. Positive performance from all operations The retailer said that its strong performance was driven by ‘ both expansion and a 3.5% like-for-like sales increase ’. Jerónimo Martins was pleased with its overall performance as 2013 was a challenging yea...

Metro has announced Q1 results saying a 'soft Christmas' performance had prevented stronger sales. Despite this, the retailer said that its financial year had got off to a 'solid start'.   Cash and Carry refocus with closures in Eygpt Metro Cash and Carry grew by 0.9% in like-for-like terms, with Eastern Europe and Africa/Asia performing well. However, Germany/Western Europe suffered a decline...

A polarisation in performance is the clear trend revealed in this week’s Christmas trading results, with shoppers favouring clearly positioned premium or value oriented retailers. Shoppers also opted to spend more online and at convenience stores, pressurising the performance of larger format stores. Here we present our initial summary of Christmas trends and predictions for 2014. Key tre...

Tesco has released its Christmas trading results for the six weeks to 4 January 2014, with group sales down 0.6% inc. VAT exc. fuel (-1.1% at actual exchange rates). Increasingly multichannel Christmas but UK challenges persist In the UK sales over Christmas declined 0.6% (inc. VAT exc. fuel), with LFL sales slowing compared to the performance in Q3, down 2.4% (exc. VAT, exc. fuel). Tes...

Exceeding its 2013 store opening target, Yonghui looks ahead to 60 new stores in 2014. 46 new stores and extended first tier city coverage In 2013 Yonghui opened 46 stores, with half of these launching in the final quarter of the year. This number exceeded the target of 40 stores that the company's President Zhang Xuan Song previously announced. Store openings helped boost store prese...

Having last month announced an application to extend into multi-brand retailing in India, Tesco has been given the go ahead to proceed by the Indian authorities. Taking first mover advantage is vital in growth markets Tesco is the first international retailer to benefit from last years' relaxation of FDI legislation and plans to invest $110m into strengthening its position in the market. In...

As we welcome in 2014, Senior Business Analyst Nick Miles looks ahead and explores some of the trends and developments that we are likely to see emerge from Australia's dynamic and exciting grocery market over the next 12 months. 1. Thinking 'multichannel' will unlock new areas of growth After years of supermarket dominated retailing, the Australian grocery market is becoming increasingly comp...

Spencer's CEO outlines geographical and channel expansion strategies in the years ahead. Store expansion plans: 100 hypermarkets by 2017 Two states in central India, Chhattisgarh and Madhya Pradesh, have been identified as "growth engines for the future", the company's CEO Mohit Kampani said. New store openings will be focused in these areas. The retailer plans to more than triple t...

The launch of AEON's Tan Phu shopping centre, close to Ho Chi Minh City, marks the retailer's first store opening in Vietnam. AEON invests in ASEAN-shift strategy Following the establishment of Aeon Vietnam Co., Ltd two and a half years ago, AEON opened its first shopping centre on 1st January 2014. Market entry into Vietnam is part of AEON's strategy to focus on the south east Asian m...