Hypermarkets and supermarkets news

22 August 2013
Sweden-based ICA has announced its Q2 results for the three month period ending June 2013, saying that it generated sales worth SEK25bn during the timeframe. Some markets performed better than others In the second quarter, ICA reported that total sales had risen by 2.4% excluding the sold ICA Maxi stores in Norway and adjusted for currency fluctuations. In its home market the retaile...
21 August 2013
South Africa's grocery market leader, Shoprite, has reported trading profit growth of 15.6% for the year ended June 2013, above the turnover growth of 12.1% reported in a trading update released on 17 July. Trading profit tops five billion rand for first time Shoprite's trading profit has broken the ZAR5bn mark for the first time in its history. This also boosted trading margin to 5.8...
21 August 2013
Target’s second quarter sales increased by 4.0% to $17.1bn. This was driven by a 2.4% increase in the US , including a 1.2% increase in comparable store sales. The launch of its first stores in Canada contributed sales of $275m, which grew more slowly than expected. Emerging optimism balanced against near term challenges Although recent economic data, including encouraging job growth and ...
21 August 2013
The retail division of China Resources Enterprise reported consolidated turnover of HKD 47.9bn (USD 6.2bn), an increase of 13.7%, whilst adjusted consolidated profit declined 4% to HKD 637m (USD 82.1m). CRE delivered double digit revenue growth at company level CRE's total turnover for the first half of 2013 increased 12.3% to HKD 71.9bn and profit decreased by 11.1% (excluding the after...
21 August 2013
The Middle Eastern market is quietly forging ahead and presenting interesting opportunities for consumer goods companies that are watching closely... While a number of emerging markets have been capturing the headlines for the last few years, countries in the Middle East have been quietly becoming more important and interesting for retailers and suppliers alike. With a population that is ...
20 August 2013
In the first half of 2013, Netherlands-based Jumbo has said that sales through its Jumbo fascia had risen by 18% to €1.979 billion. Jumbo: Organic growth ‘in line with market’ The revenue growth at the Jumbo fascia was aided by the conversion of 40 C1000 stores to the Jumbo banner – taking the total to 57 – and like-for-like growth of 2.1%. Meanwhile, sales through the C1000 banner fell by 16...
16 August 2013
Walmart reported international sales growth of 2.9% for Q2 on 15 August. We take a closer look at its performance in Latin America. Slowing growth in Mexico Net sales increased 3.1% over last year, with comparable store sales down 1.6%, negatively affected by the timing of Easter. A general slowdown in consumption in Mexico, which has been reported by other retailers over the past few ...
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...