Hypermarkets and supermarkets news

The Australian retailer reports 6.1% growth in net profit after tax on continuing operations (on a normalised 52 week basis), laying solid foundations for sustainable growth in the future. Triple-fold benefit from this strong performance Woolworths' managing director and CEO Grant O'Brien outlined "the result reflects the underlying strength and resilience of each of our businesses and ou...

Auchan has reported group revenue up 3.4% for the first half of 2013, to €23.1bn, and an increase in EBITDA of 4.4%, to €1,151m. Mixed performance across markets Auchan highlighted the "highly unfavourable economic environment in the euro  zone" which affected its results. The retailer reported a decline in revenue in  France (-0.9%) and in western Europe excluding France (-2.9%). C...

In a challenging trading environment, The Co-operative has reported like-for-like sales in its food business for the six months to 6 July 2013 fell by 1.1%, with sales down 0.4% year-on-year to £3.6bn. At a group level, revenue fell 1% to £5.8bn.  Investing in infrastructure and pricing Weather has also impacted sales across the first and second quarters at The Co-operative , with LFL sal...

Following the release of The Co-operative's first half trading figures , we look at how food CEO Steve Murrells has put the foundations in place for a renewal of the business. 1. Aligning store formats with customer missions With the majority of its stores in the convenience sector, The Co-operative's sales are concentrated in a fast growing but increasingly competitive channel. The ex...

AEON's expanding operational networks in Hong Kong and mainland China delivered revenue growth of 15.9% to HK$4.2bn (US$542m). However, profit declined 80.2% to HK$26.3m (USD3.4m) in the first six months of the year. First half results reflect expanded network and market challenges Healthy double digit growth in revenue was supported by new store openings. AEON now operates 28 stores in sou...

Slovenia-based Mercator has announced revenue of EUR1.4 billion for the first half of 2013, a decrease of 3.3% versus the previous year.  Mercator has also reported a narrower net loss in the first half of EUR15 million, down from EUR19 million last year. Difficult economic conditions across the region The retailer cited that the decline in revenue could be attributed to ‘difficult econom...

Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...

Spanish group El Corte Inglés has reported a 7.76% fall in turnover for the year ended 28 February 2013, and a 2.5% rise in EBIT. Continuing to innovate despite challenges Net profit was down 18.3% year-on-year, however EBIT increased despite the economic difficulties and fall in consumption. Group president Isidoro Álvarez said El Corte Inglés would face new challenges with a spirit of inn...

Publix is to open stores in two additional markets in North Carolina as part of its plan to build a significant presence in the state. Aiming for a significant presence in North Carolina Publix first announced its plans to enter North Carolina last year, announcing three new stores which will open in 2014. To support this, the retailer is also in the process of establishing a new regional ...

Turkish retailer Migros Ticaret has reported double digit sales growth in the first half, advanced by a rapid store expansion plan and continuing market share growth. Double digit sales growth but Migros makes net loss of TL 125.9 million Although Migros reported strong sales growth in the first half of 10.1% there was also a reported a net loss of TL 125.9 million. Rapid expansion p...