Hypermarkets and supermarkets news

After last week's announcement that Tesco and China Resources Enterprise (CRE) are considering a joint venture in China, the retailers are now said to be in discussion about a joint bid for the ParknShop supermarket chain. Clear advantages for both CRE and Tesco ParknShop is Hong Kong's second largest retail chain with more than 345 shops in Hong Kong, Macao and mainland China . Acqui...

Sonae MC, the food retail business of Portuguese group Sonae, has reported a 3% increase in turnover for H1, to EUR1,584m, reflecting factors including positive same store sales growth of +1.5% and its promotional and price cutting activities. Food retail business supporting overall growth CEO Paulo Azevedo said the environment remained difficult in Iberia, with austerity measures contin...

Walmart's South African business, Massmart, has released consolidated first half results today, confirming the 8.9% growth in sales revealed in July, and talking about its strategic priorities. Five strategic priorities for next three years Following the completion of an annual review process, Massmart has outlined five priorities for the coming three year period: Adjust future i...

Ahold has reported group sales growth of 3% (constant exchange rates) for the second quarter of 2013, with an increase of 2% in the US and 5.6% in the Netherlands. Strong performance in Netherlands Overall sales growth in the home market was supported by the inclusion of 22 former C1000/Jumbo stores, and further expansion into Belgium , where four new  Albert Heijn stores opened in Q2....

Wumart sales were up by 11.3% to RMB8.5 billion and net profit rose by 0.4% to RMB340 million. Growth focused on directly-owned stores During the first half of the year, Wumart opened 7 directly-owned superstores and 21 directly-owned mini marts while it took on just 6 new franchised stores. The company also continued to optimise its portfolio closing 21 franchised stores during the p...

Chinese retailer Lianhua has reported first half turnover growth of 7%, with an increase of 3.72% in same store sales. Competing effectively against online retailers Despite factors such as depressed demand, and the effects of rapid development of online retail, Lianhua also managed to increase consolidated income and gross profit for the period. Effective promotions, store renovations...

Sweden-based ICA has announced its Q2 results for the three month period ending June 2013, saying that it generated sales worth SEK25bn during the timeframe. Some markets performed better than others In the second quarter, ICA reported that total sales had risen by 2.4% excluding the sold ICA Maxi stores in Norway and adjusted for currency fluctuations. In its home market the retaile...

South Africa's grocery market leader, Shoprite, has reported trading profit growth of 15.6% for the year ended June 2013, above the turnover growth of 12.1% reported in a trading update released on 17 July. Trading profit tops five billion rand for first time Shoprite's trading profit has broken the ZAR5bn mark for the first time in its history. This also boosted trading margin to 5.8...

Target’s second quarter sales increased by 4.0% to $17.1bn. This was driven by a 2.4% increase in the US , including a 1.2% increase in comparable store sales. The launch of its first stores in Canada contributed sales of $275m, which grew more slowly than expected. Emerging optimism balanced against near term challenges Although recent economic data, including encouraging job growth and ...

The retail division of China Resources Enterprise reported consolidated turnover of HKD 47.9bn (USD 6.2bn), an increase of 13.7%, whilst adjusted consolidated profit declined 4% to HKD 637m (USD 82.1m). CRE delivered double digit revenue growth at company level CRE's total turnover for the first half of 2013 increased 12.3% to HKD 71.9bn and profit decreased by 11.1% (excluding the after...