Hypermarkets and supermarkets news

15 August 2013
China's largest retailer Sun Art Group - a joint venture between Auchan and the Ruentex Group - has reported interim sales growth of 12.9% (RMB 44.5 billion) with net profit up 14.8% (RMB 1.57 billion). Solid first half results given rising costs Sun Art's sales trend was similar to 1Q13, up 13%. Net profit also rose by 13% year on year. Property and staff costs continue to rise in China,...
15 August 2013
At its results meeting in London, Asda has reaffirmed its commitment to driving value and quality and expanded on its key routes to growth. Opening up access to Asda At the session, Andy Clarke and Karen Hubbard, executive director for property and multichannel, spoke about how 47% of the population say they don't have access to Asda . Asda referred to opportunities in the South of the...
15 August 2013
Asda has reported a robust Q2 sales performance, including like-for-like sales growth of 0.7%, in the 12 weeks to 05 July. This marked a slight slow-down on the previous quarter, when like-for-like sales were 1.3%. In the Walmart group results, Walmart reported the total sales increase at Asda of 1.1% (excluding fuel), with average transaction size reported falling by 1.4%. Operating income...
15 August 2013
Walmart's net sales increased by 2.4% in the second quarter, with sales in its US stores up 2.1% and up by 2.6% at Sam's Club. International sales were up 2.9%. Consolidated net income attributable to Walmart increased by 1.3%, behind the growth in net sales. In the US, comparable store sales, its key benchmark performance indicator, decreased by 0.3% excluding fuel. The results in brie...
15 August 2013
Coles has reported full year sales for the 53 weeks until 30 June 2013 up 5.2% to AU$36,075m, with profits (EBIT) for the same period up 13.1% to AU$1,533m. Continued progress across supermarkets reaping rewards Food and Liquor sales for the full year increased 5.5% to AU$28,125m, with sales in the fourth quarter up 5.7% to AU$7,332m. Despite reporting on-going food and liquor price defla...
14 August 2013
As part of celebrations for its 50th anniversary, Carrefour has launched a crowdsourcing initiative in which it is inviting shoppers to submit ideas for initiatives to be implemented in-store. Asks customers what they would do if they were Carrefour... The initiative - called "If I were Carrefour..." - invites customers to submit ideas on various themes, for example the improving the envi...
14 August 2013
Colombian retailer Olímpica has reached the milestone of 250 stores with the opening of Supertienda Olímpica in Sincelejo. Continues series of openings in 2013 In the first half of this year, Olímpica has opened six new stores across the country. In August, it acquired three stores from the Supertigres chain, in Cali, boosting its presence in the coastal region of Valle del Cauca. Olímpic...
13 August 2013
Pan Asian retailer Dairy Farm's local partner in the Philippines accelerates store openings.   Dairy Farm's partner Rustan's accelerating store openings This news follows Dairy Farm's entry to the Philippines in 2012 via a 50% partnership with domestic retailer Rustan's Supercenters. Last year Rustan's Supercenter opened three new stores. In 2013 it plans to open 15 new stores, and ...
12 August 2013
Woolworths has opened a new food emporium style small format store at Brisbane's Hamilton Harbour, featuring concepts and ranges tailored for city living. Smaller format designed for city living The new store at Hamilton Harbour is just over 1,100 sqm and both signals the retailer's desire to open smaller format stores in urban areas, but also its growing focus on its strategy to better tailo...
09 August 2013
Tesco has announced that it has entered into a Memorandum of Understanding with China Resources Enterprise (CRE) and are in exclusive talks to combine their operations in the country. Combination would bring together best of both companies Tesco said that the combination of the two companies' operations would 'bring together CRE’s deep understanding of local customers, established natio...