Belgium news and analysis

15 February 2022
As Carrefour Group engages with suppliers globally on carbon emissions reduction, its operations in France and Belgium roll out quick commerce solutions and it trials a vegan butcher in France, we round up news from the retailer. Carrefour and Everli launch service in 10 cities in France… Carrefour and Everli have officially launched their partnership in 10 cities in France: Lille, Lyon, Ni...
08 February 2022
As Colruyt Group looks to evolve its strategy and build on its strengths, we round up three developments from the retailer. Colruyt Group acquires stake in meal box company Colruyt Group bought a 41.36% stake in Smarmat from Smarmat’s founders and the Colruyt family’s investment vehicle, Korys, which first invested in the meal box company in 2016. The Group’s investment is between €26m and ...
05 January 2022
Carrefour’s largest franchisee in Belgium, The Mestdagh Group, has decided to terminate its master franchisee with the French retailer. As the contract’s notice period will last for a year, The Mestdagh Group will remain with Carrefour until 1 January 2023. Decision will see Mestdagh end exclusive partnership with Carrefour… Mestdagh, which operates about 90 Carrefour Markets mainly in Brus...
04 January 2022
Netherlands-based Jumbo saw its turnover rise 2% to €9.91 bn versus 2020, while removing the 53rd week in 2020 saw turnover increase by approximately 4%. Its ecommerce store drove sales, with turnover rising by 30% as the retailer continued to invest to add capacity. As it looks to build on its convenience offer in 2022, the retailer announced a strategic partnership with quick commerce delivery ...
16 December 2021
Belgium’s Colruyt saw flat sales in the first six months of its 2021/2022 financial year. While its revenue fell by 0.2% to €4.981 bn, the retailer reported its gross margin fell to 26.9%, down from 28.1% in the previous financial year. Market share remained stable after recent falls… Colruyt said its market share in Belgium remained stable at 31.0% at the end of the first half of its finan...
18 November 2021
As the Colruyt Group looks to regain share it has lost during the pandemic, the retailer has rolled out three innovative initiatives. Colruyt Group trials unstaffed store under Okay Direct banner Colruyt is trialling an unstaffed store under the Okay Direct banner in the centre of Ghent. The retailer said the 150 sq. m store, which stocks about 650 SKUs across both brands and private labels...
10 November 2021
Ahold Delhaize reported Q3 results, saying net sales rose 4.6% at constant exchange rates, to €18.5 bn, while like-for-like sales increased by 1.7%. Its operations in Europe saw flat comparable sales growth, contracting slightly, by 0.2%, while in the US they expanded by 2.9%. Ahold Delhaize saw continuing strong growth from its online operations, with net consumer sales rising by 29.2% across...
27 October 2021
As Colruyt expands its use of the Eco-Score label to A-brands and opens a new production facility and Mere delays its entry into the country, we round up news from the market. Colruyt expands Eco-Score to A-brands After adding the Eco-Score to 2,500 private label products to help shoppers understand the environmental impact of food products in Q1 2021 , Colruyt is set to add the label to...
21 October 2021
After Carrefour reported third quarter sales rose 4.0% to €20.5 bn, with like-for-like sales up by 0.8%, we look at five key takeaways from the results announcement. 1. Operations in France continue to gain share In its home market, on a two-year basis, Carrefour’s total sales were up by 3.5% in the third quarter, driven by the performance of its supermarkets, convenience stores and grocery...
04 October 2021
As the Colruyt Group announces a profit downgrade for its 2021/22 financial year, it is continuing to invest in adding new Bio-Planet and Colruyt Professionals stores as it looks to maintain its long-term strategic focus. Colruyt spotlights competitive Belgian market with profit downgrade As part of its AGM Colruyt’s chief executive, Jef Colruyt, said the retailer’s consolidated operating p...