Hypermarkets and supermarkets news

Coop Norge has announced plans to continue with the conversion of existing stores to the ‘Extra’ banner. Conversion improving performance The retailer said that it would convert 20 outlets by the end of 2013 after opening five in November. Coop Norge said that the converted stores were outperforming older outlets and helping to drive sales, on average, by 22%. The banner’s performance underpi...

It has been announced that The Co-operative Group is to spend hundreds of millions of pounds redeveloping its food stores whilst also changing its Christmas dividend. Food is at the heart of the business Euan Sutherland, Chief Executive of The Co-operative Group has announced the food retail business is at the heart of the group's strategy. However, he also acknowledged that amid weak sales ...

In an interview with Arabian Business, the managing director of EMKE Group, which owns LuLu, M A Yousuf Ali, said that the retailer was aiming to add 42 hypermarkets by the end of 2015 in existing and new markets. Expansion to continue in existing markets… Yousuf Ali said that the retailer was aiming to add to its 104 stores in the Middle East by opening seven new hypermarkets in the UAE, six...

Asda has announced that it is to trial new in-store banking branches in partnership with Barclays. Four pilot branches to open The new branches will open from February 2014. The first will be at Birchwood, Cheshire, with further branches opening at Pudsey in Leeds, Watford and Broadstairs, Kent. A further four stores are expected to open banks in the first half of next year, replacing nearby...

Belgium-based Delhaize has announced third quarter results saying that it had enjoyed revenue growth of 2.9% at identical exchange rates, with comparable sales rising by 2.2% in the US and 1.5% in its home market. Despite delivering revenue growth, the Belgian retailer also reported a net loss of €87m for the quarter. Existing CEO satisfied with ‘solid’ results Pierre-Olivier Beckers, President...

The consolidation of Siam Makro and continued expansion of 7-Eleven drive strong revenue growth at CP All. Makro acquisition reflected in consolidated results Revenues increased 68.1% to THB 86,156m. However, this was offset by higher M&A-related costs, resulting in a -8.4% decline in consolidated net profit. Key performance data for 7-Eleven in Q3 Convenience accounts for c.64% ...

Chinese grocery retailer Lianhua prepares for the online-offline battle for shoppers as Singles Day approaches. Singles Day: a major date in the ecommerce diary Building momentum since 2009, the one day online sale celebrating the unofficial Chinese equivalent of Valentines Day has become a global ecommerce phenomenon. On 11th November last year, sales exceeded the US's post-Thanksgiving ...

Morrisons has announced that total sales in the 13 weeks to 3 November 2013 rose by 1.0% as LFL sales fell by 2.4% (both ex fuel), but is upbeat about its plans for convenience and online, and its prospects for Christmas. Online plans on track Updating on its online launch plans, Morrisons says that it now has a clear fresh food proposition in place, its ranging and marketing plans have...

As Ireland becomes the first Eurozone country to exit its bailout programme, we report back with five trends from Dublin on how Irish retailing has adapted to austerity and become a world leader in foodservice / convenience fusion concepts. 1. Value remains paramount While the economy is improving, consumer confidence currently remains at a low ebb. With one in three homeowners in negative equ...

Coop Danmark, Denmark’s largest grocery retailer is collaborating with Galleria, a Chicago-based category planning solutions provider. The partnership aims to improve the customer experience, as well as undertake work to automate and optimize Coop Danmark’s merchandising strategy in over 1200 Danish stores. Galleria CEO ‘confident’ of partnership Ian Duncan-Lewis, CEO of Galleria commented “Co...