Hypermarkets and supermarkets news

13 June 2022
Following last week’s IGD Tesco Trade briefing, during which Tesco highlighted the importance of enhanced collaboration to drive efficiency and mitigate the cost-of-living crisis, it has come to light that Tesco is trialing increased levels of palletisation in at least one of its stores to assess how this might impact instore productivity.   The merchandising of products on pallets is, of cour...
07 June 2022
With estimated sales of €12.5 bn in fiscal 2021, El Corte Inglés has begun to recover following the aftermath of the pandemic, posting sales growth of over 20% on 2020’s figure. The results are, however, still far from the retailer’s pre-pandemic sales of €15.3 bn in fiscal 2019. El Corte Inglés continues to be affected by the poor performance of several of its businesses, particularly the Via...
06 June 2022
I went to New York City to see how retail is evolving, taking in convenient food-to-go solutions and the rapid roll out of new technologies and digital solutions. Key learnings from my visits in New York City: Food-to-go specialists are focusing on delivering the most convenient experience through wider range of products, orders via app and super easy collection in stores Getting the ...
06 June 2022
JD.com achieved double-digit revenue growth, while Alibaba maintained a significantly stronger operating margin. Performance highlights Revenue Alibaba’s Q4 results (three months ending 31st March 2022) reported revenue of RMB 204bn (US$ 32.2bn), up 9.0% year-over-year, but down 15.9% on the previous quarter. Over a third of this was driven by direct sales, including through Fresh...
24 May 2022
Sonae MC announced its total turnover for Q1 2022 reached €1,294m, an increase of 3.8% compared to 2021 and like-for like (LFL) sales grew by 2.2%. Sales performance Sonae announced its sales growth highlighting a strong performance particularly in its new growth businesses, reaching €234m an increase of 21.9%. The performance was driven by foodservice and health, wellness and beauty format...
23 May 2022
Farmfoods’ recently filed accounts at Company House showed it saw a slight contraction in revenues on its performance in 2020. Revenues up 32% on two-year basis… The accounts showed Farmfoods generated revenue of £872.5m in its financial year ending 1 January 2022, a decline of 2.2% on 2020’s figure. However, the retailer’s revenue in 2021 was up 32% on a two-year basis, underlining how it ...
19 May 2022
As Woolworths Australia partners with InvertiGro for an in-store vertical farm and with Iberdrola for renewable energy, we round up three developments from the retailer. Woolworths Metro and InvertiGro partner for in-store vertical farm Through a partnership with Sydney-based AgTech InvertiGro, Woolworths Metro will add an in-store vertical farm at Metro Park Sydney Village. The solution wi...
17 May 2022
Aldi has opened its largest distribution centre, while Spain’s market leader Mercadona continues to grow its presence in Portugal, announcing it aims to open 10 new stores in 2022. Separately, Auchan Portugal revealed its improving partnerships with local producers. Aldi launches its largest distribution centre The discounter revealed it invested €60m in its new distribution in Moita, which i...
09 May 2022
Having started to build out a network of smaller format stores in 2015, Target has recently set its sights on reigniting its larger format store development pipeline. This includes developing a new mid-sized format. Recent focus has been on smaller format stores Target opened its first smaller format store, operating originally under the TargetExpress banner in 2014. Over the last eight yea...
09 May 2022
Lotte axes its overnight delivery service for online groceries to prioritise its same-day proposition. Competitor Homeplus reports triple digit growth in its one-hour service in the first quarter of this year.   Lotte ditches overnight deliveries From mid-April, Lotte ceased offering overnight delivery for its online groceries, instead focusing on its two-hour same day slots, reports Aju ...