Hypermarkets and supermarkets news

02 October 2013
Tesco's announcement today of its first half performance gave new insight into the future direction of the business. Ahead of our analysis, here are our key summary points. Group revenue (ex VAT) up 1.9% to £31.9bn as trading profit dropped 7.6% to £1.6bn (impacted by challenging trading conditions in Europe and investment in the UK). UK like-for-like sales negative for the half, ...
02 October 2013
As Tesco reports on the last six months, we highlight our five key themes: 1. Signs of recovery in the UK give reason for optimism ahead    Overall, Tesco reported a modest overall UK sales performance. Like-for-like  sales were down by 0.5% in the half, on a VAT inclusive and ex petrol basis,  though improved in Q2 as like-for-like sales specifically in food turned positive (1.0%).  Ind...
02 October 2013
The Philippines' second largest grocery retailer plans at least 125 new stores in the next 5 years. Scaling up plans to capture growth Puregold Price Club Inc has enhanced its three year plan to a five year time frame. Its target is at least 25 new stores per year; these are expected to be hypermarkets, with additional growth in its supermarket, discount and wholesale formats. Puregold...
02 October 2013
The Hong Kong Economic Times reports conglomerate Hutchison Whampoa plans to list Watsons. Potential listing, details yet to emerge The news source reported Hutchison Whampoa's plans to spin off its Watsons business, though as yet it is not clear whether this refers to the health and beauty stores which operate under the Watsons banner, or the retail arm of the company, the A. S. Watson G...
02 October 2013
Sainsbury's has released a strong Q2 trading statement, with total sales rising 5.0% in the quarter and 4.4% in the first half. Sainsbury's continues its consistent performance Sainsbury's has posted total sales growth of  +5.0% (+4.6% excl. fuel) for the 16 weeks to 28 September, with like-for-like sales +2.1% (+2.0% excl. fuel). For the first half, Sainsbury's total sales were +4.4% (4....
01 October 2013
Spain-based Eroski has announced first half results showing a fall in turnover of nearly 6% to €3.2 billion. Fall comes amidst ‘unfavourable economic situation’ In the first six months of 2013 Eroski saw its turnover fall 5.6% to €3.29 billion due to the ‘ unfavourable economic situation ’. A spokesperson said that the results ‘ demonstrate the strength of the business ’. In terms of the fall...
30 September 2013
Whole Foods Market is to launch a comprehensive rating system for produce and flowers sold in its US stores in September 2014, aimed at helping shoppers make more informed purchases. Good, better, best rating system to provide added transparency Whole Foods Market’s announcement was made in order provide its suppliers with the necessary lead time to prepare for the introduction of the new ...
30 September 2013
SPAR International’s managing director, Gordon Campbell, has said that the retailer ‘will become one of the most significant players in the retail market in Poland’. SPAR growing brand strongly in Poland SPAR has been growing quickly in Poland and said that it operates nearly 140 stores in the country as of September 2013. This comes after the addition of 56 stores in 2012, with plans to add ...
30 September 2013
In separate developments, Majid Al Futtaim, Carrefour’s UAE-based franchisee, has said that it has opened new stores and that it would not pursue expansion in Egypt and Syria in the short term. Majid ‘wary’ of investing more in Egypt and Syria Majid Al Futtaim’s senior vice president for international retail development, Younus al Mulla, was quoted as saying that the company would not pursue ...
30 September 2013
The British retailer plans new store openings with local partner Reliance Retail. Expansion across the market's key cities Marks and Spencer plans to between six and eight new stores in India in the next six months, adding to its existing network of 35 stores. M&S has been operating in the market for 12 years, first through franchise, and now in partnership with the retail branch of le...