Hypermarkets and supermarkets news

Loblaw has opened a new store in the historic West Block building in the heart of Toronto. Built in 1928, this site formerly housed the first Loblaws Groceterias warehouse. Moving the Inspire programme forward Based on Loblaw’s Inspire format programme, the Loblaws banner store is a testament to the progress which the retailer continues to make with fresh and prepared foods. The Inspire pro...

In an interview in local trade publication LSA and in a subsequent press release, Auchan France has set out how it is aiming to implement the key initiatives set out in the 2022 transformation plan. Retailer to focus on five strategic priorities In the interview with LSA, Auchan Retail France’s chief executive, Jean-Denis Deweine, set out how it was looking to drive growth by concentrating ...

Tesco has been reporting slow revenue growth, with little to no profitability across its business in central Europe since at least 2017. The retailer has already disposed of much of its business in Asia, putting up for sale its Southeast Asian business , and withdrawing from its joint venture in China . Potentially, the retailer is looking to sell more low performing parts of the orga...

Woolworths in Australia has launched a new B2B online platform called 'Woolworths at Work'. Dedicated platform tailored to business needs The retailer confimed that there were plans for a new B2B operation in the pipleline a few months ago  and has now opened the Woolworths at Work website . The service will look to target business customers and offer them a new solution for their everyda...

As Carrefour looks to drive online growth and add further digital solutions in-store, we look at four developments from its operations in France, Poland and Romania. Carrefour’s first robotic pedestrian drive enters service in Paris Carrefour has recently introduced its first robotic pedestrian drive in the 14th arrondissement of Paris. The system behind the pedestrian drive has been deploy...

As it looks to build on the positive performance in H1, Auchan has rolled out programmes across its operations in Europe as it embeds its Renaissance initiative and focuses on its Auchan 2022 strategy. Auchan extends partnership with OMV Petrom Auchan and OMV Petrom have announced an extension to their partnership, which will see the addition of further MyAuchan convenience stores on the la...

Reliance Retail Ventures, a subsidiary of Reliance Industries, will buy Future Group’s retail and wholesale business including its logistics and warehouses for US$3.4bn. Reliance strengthens leadership position Reliance Retail is India’s largest retail store operator including 621 Reliance Fresh (neighbourhood stores) and Reliance Smart (supermarkets), 52 Reliance Market (cash and carry), 7...

As it looks to strengthen its position as the second largest retailer in Spain, Carrefour has acquired 172 supermarkets and convenience stores in the country. Stores to grow presence in key areas… Carrefour has bought the 172 Supersol stores for €78m from the Maxima Group, expanding its presence in the key markets of Andalusia and Madrid. It said the stores had generated net sales in the re...

Yonghui has closed three Bravo supermarkets and 14 Mini Stores in China. Our view Despite the recent store closures, Yonghui remains one of the fastest growing retailers in China. Revenue grew 20.4% in 2019. Its strong fresh offer and omnichannel operations continue to support growth. Yonghui remains committed to format innovation and store expansion. It opened, for example, more than 500 ...

Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...