Hypermarkets and supermarkets news

05 August 2013
Leading South Korean retailer Shinsegae plans to invest KRW 2.5tn (USD 2.3bn) this year to support growth amid weak domestic demand. Investment will boost retailer's performance and create jobs in South Korea Leading retailers including Shinsegae are fighting to achieve growth in a difficult trading climate. The South Korean market is undergoing a period of low consumer confidence and ...
02 August 2013
The Russian retailer has outlined its rapid expansion plans for the second half of 2013. At least ten new stores planned The retailer currently operates 62 hypermarkets across 37 Russian cities and is planning to add 10-12 new stores by the end of 2013. Lenta has not stated how much has been invested in this latest expansion plan. Stores are planned for Ulyanovsk, Belgorod, Tomsk, Perm as...
01 August 2013
Kroger has launched a new ‘Refresh’ initiative in Houston which focuses on increasing loyalty and attracting new customers through reduced prices, faster checkout, fuel discounts, locally sourced items and community involvement. The ‘Refresh’ initiative: our view With over 100 stores and 800,000 weekly customer visits, Houston is a key region for Kroger , where it is the market share leader ...
01 August 2013
Belgium-based Colruyt has announced first quarter results for the period ending 30 June saying that consolidated revenue increased by 2.8% to €2.1 billion, aided by its 'consistent application of the lowest prices strategy'. Colruyt banner drives growth The retailer's performance was driven by its Colruyt banner, where revenue grew by 3.4% to €1.6 billion. Colruyt said that its shoppers rem...
01 August 2013
Target has developed a new concept baby department at 10 stores in Illinois as it seeks to grow its share of the market for baby clothing and accessories, reports Reuters. New look and feel and trained advisors While the new concept departments do not feature any additional or unique products, as compared to the core offer available across Target's stores, they do have a new look and feel ...
01 August 2013
Publix’s second quarter sales increased by 3.8% to $7.0bn, with comparable stores sales up 2.1%. A solid performance across H1 Publix continues to deliver a solid performance, although the rate of comp sales growth slowed significantly from the 3.9% which was achieved in the first quarter. For the first half year as a whole, the retailer recorded comp sales growth of 3% - ahead of the 2.2% ...
01 August 2013
Pan Asian retailer Dairy Farm announced half year sales results of US$6bn, an increase of 10%. However, net profit declined 5% to US$228m. Food businesses report decline in profit Solid like-for-like sales in most of its major businesses supported Dairy Farm's double digit sales growth. Its domestic market Hong Kong performed particularly strongly, with Wellcome supermarket's Chinese New...
31 July 2013
Chile's Falabella added around 208,000 sq m of sales area over the last twelve months, helping drive revenue growth of 10.1% in its non-banking operations in the second quarter of 2013. Continues level of performance from Q1 These quarterly results follow good increases in operating income and revenues for the non-banking businesses in Q1, again due to greater sales area and positive sam...
31 July 2013
Portugal-based Jerónimo Martins has announced H1 results for the period ending 30 June saying that total consolidated sales had risen by 12.6% to €5.6 billion. Slowing economy affects Biedronka's sales growth The retailer highlighted the slowdown in Poland's economy, noting a 'softening of consumption and the weakness in the Euro area affecting exports'. This saw like-for-like sales at Bie...
31 July 2013
Whole Foods Market’s third quarter total sales, covering the 12 weeks to July 7, increased by 12.1% to $3.1bn, with comp sales increasing by 7.5%. Net income increased by 21.4% over the period to $142m. Committed to improving promotional activity and relative price positioning Whole Foods Market continues to demonstrate strong sales momentum reflecting the focus which it has placed on impr...