Hypermarkets and supermarkets news

10 September 2013
Tesco has announced the divestment of its Fresh & Easy operations in the US to Yucaipa, a US-based investment firm with a history of investing in retail businesses. 150 stores, DC and production facilities included in the deal As part of the deal, Yucaipa will acquire more than 150 stores, and Fresh & Easy’s distribution centre and production facilities in Riverside, California. Tesco wi...
06 September 2013
Carrefour is simplifying the structure of its hypermarket businesses in France, according to a report in trade magazine Linéaires. Project presented internally on 3 and 4 September Carrefour proposes to consolidate various companies into its Carrefour Hypermarchés SAS business, simplifying an unwieldy structure which has been in place for many years. The majority of companies involved wi...
05 September 2013
Iceland has opened a new outlet in Beccles, East Anglia, taking its total estate to 800. Successful consolidation of estate Malcolm Walker has said that when he returned to the helm of Iceland in 2005, consolidation of the portfolio was needed, with multiple stores closed or sold. However, in the last four years, the frozen food specialist has opened a net 145 new stores across the UK . I...
05 September 2013
With Morrisons interim results next Thursday, we highlight the main areas of focus for the retailer and what to look out for. Building scale in convenience Morrisons has ramped up the pace of convenience store openings through the summer, converting the ex Blockbuster, Jessops and HMV stores it acquired at the beginning of the year into the M local format. These stores will be key both in ...
04 September 2013
Tesco's local partner in India plans major changes to its Star Bazaar hypermarket format to drive profitability and long term growth in the market. Store size reduction to speed up profitability The retailer plans for store footprints to be reduced by around 50% to an estimated 3,000 square metres. A time frame for the initiative has not been reported. In an interview with Business Lin...
04 September 2013
Serge Papin, chief executive of Système U, has said sales at the French retailer were up 10% in July and that August is also looking very positive.  On target for 2013 full year Mr Papin said customer numbers and sales have been increasing since January. Growth was particularly strong in summer, as consumption improved in July, and the retailer is seeing positive signs of consumer confidenc...
04 September 2013
Coles has said that it will create more than 4,000 new jobs in Australia this year, as it continues to invest in around 150 new and improved stores in its 2013/14 financial year. Investing AU$300m in property portfolio in year ahead Coles will invest in excess of AU$300m in approximately 150 new and improved supermarkets, liquor and Coles Express stores in the year ahead. The 4,300 new jobs...
03 September 2013
Kenyan retailer Uchumi has reported a 2.3% increase in sales for 2013, and a 20% increase in pre-tax profit. Sales and profits grew despite challenges In its results statement, Uchumi said it had been affected by challenges such as the euro debt crisis, general elections in Uganda and Kenya, devolution, a public spending freeze and high cost of living. The retailer continues to follow it...
03 September 2013
Walmart Chile has reported a year-on-year revenue increase of 9.9% for the second quarter, with EBITDA up 14.2%. Revenue increase driven by retail segment The retail segment, which contributes 95% of revenue, grew sales by 10.8% during the period, due to an increase in comparable store sales. Walmart Chile operated 331 stores at 30 June 2013, spanning 761,000 sq m; three new stores opened...
02 September 2013
Cencosud has reported consolidated revenue growth of 14% for Q2 2013, driven by its Colombian acquisition and higher revenues from the home improvement, department store and shopping centre divisions. Supermarket division revenues up 15% The consolidation of the Carrefour Colombia business, positive same store sales in almost every country and 73 new stores since June 2012 boosted reve...