Hypermarkets and supermarkets news

09 October 2013
US-based Bi-Lo Holdings has said that it will rebrand all the stores under the Sweetbay and Reid’s banners that it acquired from Belgium-based Delhaize. Strategy to reduce overlapping store bases Bi-Lo said that while it will rebrand the stores under the Sweetbay and Reid’s fascias, it would be keeping the Harveys banner, in order to ‘help reduce overlapping footprints’. Sweetbay stores will ...
08 October 2013
Rewe Group says it has strengthened its competitiveness and performance via organic growth and targeted acquisitions, speaking at the Expo Real trade fair in Munich, Germany, this week. Continues to seek new locations in Germany Rewe will open and expand 140 new supermarkets in Germany this year. In future, expansion will focus both on the successful small format stores, such as Rewe City...
08 October 2013
Carrefour CEO Georges Plassat, speaking at the World Retail Congress in Paris this week, is positive that the retailer is on the right track, saying: "I am convinced that with the measures we are taking today, Carrefour is back." Hypermarkets are not dead Mr Plassat said around 68% of Carrefour's business was still carried out in-store, where retailers must provide quality products and w...
07 October 2013
Walmart considers acquisition in order to become the first or second player in the cities it operates in, reports The Wall Street Journal. Considering acquisitions to build regional strength Speaking at the Asia Pacific Economic Cooperation conference in Indonesia, Walmart Asia's CEO Scott Price outlined that the company was considering acquisitions in China to build its regional market s...
07 October 2013
Facing challenging trading environments at home and overseas, one of South Korea's leading grocery retailers, Emart, is pursuing a rigorous strategy for growth. Market conditions in South Korea acting as a catalyst for cost efficiencies The operating environment in South Korea remains challenging. Against an economic backdrop of subdued growth the Bank of Korea reports consumer confidence...
07 October 2013
Botswana-based Choppies has announced plans to enter Zimbabwe. Third market for the Choppies brand Choppies told the Botswana Stock Exchange that it had entered into an agreement with a third party that will see it acquire a 49% stake in a supermarket chain that operates 10 stores in Zimbabwe. When completed it will be Choppies' second market entry, following its expansion into South Africa i...
04 October 2013
Botswana-based Choppies has revealed annual results for the period ending June 2013, saying total revenue had risen 22% to BWP4.0 billion (US$461.1 million). Revenue growth aided by store openings In the retailer’s financial statement, it said: “ New store openings coupled with improved product mix and a higher percentage of Choppies-branded goods being sold, paved way for a strong growth in ...
04 October 2013
Belgium-based Colruyt will, according to Storecheck Magazine, open its first ‘fourth generation’ store in the town of Halle, in its home market, before the end of 2013. New store will not be a ‘revolution’ According to Frans Colruyt, who was interviewed for the magazine, the store will ‘ will not be a revolution. We won’t change the foundations, but we do have to keep the concept fresh ’. ...
03 October 2013
In the latest financial results for Asda Group Ltd, filed with Companies House for the year to 31 December 2012, the retailer reported total sales up 4.6% to reach £22,843m. With sales of fuel excluded, growth was slightly more subdued up 4.3%, underpinned by a like-for-like uplift of 1.0%. Boosted by higher inflation fuel sales grew to £2,595.6m up 6.8%. Operating profit impacted by costs ...
02 October 2013
Tesco and China Resources Enterprise (CRE) have today announced an agreement to combine their Chinese retail operations Tesco agree 20% stake in China's leading multi-format retailer Tesco will make a cash contribution to the joint venture of HK$2,325m (c. £185m) as well as two further payments of HK$1,000m (c£80m) to CRE on completion and on the first anniversary of completion. In re...