Hypermarkets and supermarkets news

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...
02 September 2013
Matahari Putra Prima, operator of the Hypermart stores, announced revenue growth of 15.4% to IDR 5.5tn in the first half of the year. New strategic direction bearing positive results for Matahari In 2012 Matahari undertook extensive restructuring activity, divesting non-food businesses. In 2013 this strategy is bearing fruit, as the company's large-scale debt repayment places it in a strong...
30 August 2013
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...
30 August 2013
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...
29 August 2013
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...
29 August 2013
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...