Belgium news and analysis

31 July 2019
We look at the latest results posted by Netherlands-based Sligro and Jan Linders. Sligro: weak H1 sales… Sligro reported a slight sales increase of 0.4% to €1.14bn (US$1.27bn) in H1 2019. However, operating profit and net profit fell by 43.3% to €18m (US$20m) and 48.7% to €13m (US$14.5m) respectively. The retailer attributes this to the tough economic conditions in the Netherlands. …Due ...
26 July 2019
Carrefour continued to spotlight the positive effect of its strategic initiatives as it announced its Q2 results, which showed an acceleration in group like-for-like sales growth. The retailer said like-for-like sales growth was 3.9% in Q2, versus 3.2% in Q1, driven by its supermarkets and convenience stores in France and operations in Eastern Europe and Latin America. Hypermarkets hold back p...
25 July 2019
Germany-based Metro reported like-for-like sales increased by 3.4%, while total sales rose by 2.8% to €7.6bn (US$8.47bn) in its third quarter. The company said the growth was driven by all regions, excluding Russia. EBITDA, excluding earnings contributions from real estate transactions, totalled €316m (US$351.2m) in the same period, a rise of €11m on the previous year. Delivery sales account f...
18 July 2019
Netherlands-based Jumbo has announced its H2 2019 results, posting an increase of 16.5% in turnover to €4.63bn (US$5.2bn). The retailer’s market share also rose during the period to 21.6%. Growth driven by store network Jumbo’s organic growth is above the market share at 7%, which is attributed to the exiting store network. The retailer also attributes its growth to the opening of 44 new su...
12 July 2019
As part of its Carrefour 2022 plan, the retailer has as one of its strategic pillars to overhaul its offer to promote food quality. A key part of the aim is to generate €5bn in organic sales by 2022. We look at recent developments from its home market, Brazil, Spain and Belgium that show the initiatives it is putting in place as it looks to hit that target. Carrefour opens its first So.Bio in ...
27 June 2019
We look at how Dutch retailer Jumbo is entering Belgium, while its Foodmarkt concept continues to drive results in the Netherlands. Foodmarkt stores drive sales in the Netherlands… At the opening of Jumbo’s seventh Foodmarkt store, Jumbo’s chief executive, Frits van Eerd announced, “All Jumbo stores in the Foodmarkt market area grow their turnover. And I am really talking about all stores,...
27 June 2019
We look at how Ahold Delhaize’s banners, Food Lion, Giant and Albert Heijn, are transforming their pickup and delivery services while also promoting local products. Meanwhile, Albert Heijn has appointed Raf van den Heuvel as its new general manager for Belgium. Food Lion launches online grocery pickup Food Lion has launched an online click and collect service, called Food Lion To-Go. The se...
25 June 2019
As Carrefour’s chief executive, Alexandre Bompard, says the retailer is not planning to exit any further countries, and its country operations in Belgium and Poland expand their offer, we round up news for the retailer. Bompard: no plans for more market exits… Bompard, in an interview with BFM Business TV, has said the retailer has no plans to exit more countries, following the sale of an...
19 June 2019
Belgium-based Colruyt Group said total revenue rose 4.5% to €9.4bn. The figure was boosted by the extension of the financial year for French companies, with the Group noting on a comparable basis, revenue rose 2.8% including petrol and 2.1% excluding petrol. The company reported that its operating margin fell to 5.1% as it continued to invest in its long-term strategy and sustained spending on it...
19 June 2019
Following Carrefour’s AGM, which saw its chief executive, Alexandre Bompard, discuss opportunities for the retailer to play a role in future retail consolidation, it has opened new formats as it looks to drive innovation in the market. ‘Carrefour to benefit from retail consolidation’ As part of the retailer’s AGM, Bompard said that he expects ‘ there will be consolidation in the retail sect...