Hypermarkets and supermarkets news

06 August 2013
This week will see Tesco open a new family restaurant concept at its remodelled 'destination format' Coventry Arena Extra store. Introducing new restaurant trail called 'Decks' The new restaurant called Decks will highlight real and wholesome British food and feature three 'decked' food service areas, focused on breakfast, carveries and pastries. It is understood that the new concept at Cove...
06 August 2013
Chilean retail group SMU is to divest some of its businesses, including 40% of supermarket chain Monserrat and 100% of the Peruvian wholesaler Mayorsa. Group aiming to reduce debt The holding company, controlled by Chilean businessman Alvaro Saieh, hopes the sale will raise between USD300m and USD400m to reduce its debt. The announcement follows denials last week that such a sale was immi...
05 August 2013
Latin America's a region of great and diverse natural beauty, vibrant cultures and larger than life personalities - the late Hugo Chavez of Venezuela to name but one. But there's more to it than carnivals and salsa. Here are three reasons why consumer goods companies should keep an eye on the region... 1. Expanding urban populations Ever heard of a megalopolis? It's a city home to more than...
05 August 2013
Leading South Korean retailer Shinsegae plans to invest KRW 2.5tn (USD 2.3bn) this year to support growth amid weak domestic demand. Investment will boost retailer's performance and create jobs in South Korea Leading retailers including Shinsegae are fighting to achieve growth in a difficult trading climate. The South Korean market is undergoing a period of low consumer confidence and ...
02 August 2013
The Russian retailer has outlined its rapid expansion plans for the second half of 2013. At least ten new stores planned The retailer currently operates 62 hypermarkets across 37 Russian cities and is planning to add 10-12 new stores by the end of 2013. Lenta has not stated how much has been invested in this latest expansion plan. Stores are planned for Ulyanovsk, Belgorod, Tomsk, Perm as...
01 August 2013
Kroger has launched a new ‘Refresh’ initiative in Houston which focuses on increasing loyalty and attracting new customers through reduced prices, faster checkout, fuel discounts, locally sourced items and community involvement. The ‘Refresh’ initiative: our view With over 100 stores and 800,000 weekly customer visits, Houston is a key region for Kroger , where it is the market share leader ...
01 August 2013
Belgium-based Colruyt has announced first quarter results for the period ending 30 June saying that consolidated revenue increased by 2.8% to €2.1 billion, aided by its 'consistent application of the lowest prices strategy'. Colruyt banner drives growth The retailer's performance was driven by its Colruyt banner, where revenue grew by 3.4% to €1.6 billion. Colruyt said that its shoppers rem...
01 August 2013
Target has developed a new concept baby department at 10 stores in Illinois as it seeks to grow its share of the market for baby clothing and accessories, reports Reuters. New look and feel and trained advisors While the new concept departments do not feature any additional or unique products, as compared to the core offer available across Target's stores, they do have a new look and feel ...
01 August 2013
Publix’s second quarter sales increased by 3.8% to $7.0bn, with comparable stores sales up 2.1%. A solid performance across H1 Publix continues to deliver a solid performance, although the rate of comp sales growth slowed significantly from the 3.9% which was achieved in the first quarter. For the first half year as a whole, the retailer recorded comp sales growth of 3% - ahead of the 2.2% ...
01 August 2013
Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...