Europe news & analysis

23 June 2021
Spain-based buying alliance Grupo IFA, which includes members in its home market, Portugal, and Italy, has announced its consolidated turnover reached €32.2 bn in 2020, a rise of 21.8% on 2019’s figure. Strong growth seen across southern Europe markets Grupo IFA’s members in Spain, in conjunction with Portugal-based Sonae MC and Italy’s Gruppo VéGé together operated a total retail sales are...
23 June 2021
Explore how Spanish retailers, including Consum, Unide, SPAR and Lidl, have performed in 2020, during the global pandemic. Consum’s sales grew 13.3% in 2020 Consum ended 2020 with total sales reaching €3,324.9m, an increase of 13.3% on 2019. The cooperative said its online store is not yet profitable, but by the end of the year accounted for 1.5% of its total turnover. Juan Luis Durich, ...
23 June 2021
We explore how Spain-based Eroski has evolved so far in 2021. The group revealed Daniel Kretínský has acquired 50% of its Caprabo business, while it has announced plans to expand its Eroski Rapid banner through a partnership with Avia gas stations. Finally, we review Eroski’s 2020 results and its outlook for the next five years. Eroski sells off half of Caprabo Eroski has sold 50% of Caprab...
22 June 2021
As it looks to support shoppers’ aim to consume products more sustainably, Carrefour in France and Belgium is rolling out several solutions and initiatives in the countries. Carrefour adds Eco-score labelling on its web site in France Local trade publication LSA has revealed that Carrefour is trialling the eco-score on its ecommerce platform Carrefour.fr. The trial, which sees a rating assi...
22 June 2021
As Cora sees a decline in revenues in 2020 at its hypermarkets in France, we round up this news and steps it is taking in France, Belgium and Romania to drive footfall in its stores and sales across all channels. Cora France sees revenues decline further in 2020 Trade publication LSA has published Cora France’s results for 2020, showing the retailer suffered a 5.7% fall in revenue to €3.854 b...
17 June 2021
The world in 2030 will look very different to today. The way people shop for their food and consumer goods is changing rapidly. Traditional store operating models are coming under significant strain. COVID-19 has both highlighted challenges and accelerated trends within our industry. We believe retailers and suppliers need to work harder to evolve store formats so they reflect these changes. I...
16 June 2021
Belgium-based Colruyt reported its annual results for its 2020/21 financial year saying its turnover rose 3.7% to €9.93 bn. The results were impacted by its fuel distribution business DATS 24, which saw a fall in revenue, with Colruyt reporting revenue increased by 6.4% in the year excluding the effects of fuel. Colruyt grew below market average in 2020/21 The retailer said its food banners...
16 June 2021
Carrefour, as part of its 2022 Transformation Plan, said it would invest €2.8 bn over five years in its digital operations to put technology and data at the heart of its strategy. We look at three initiatives from the retailer, one at the Group level and the others in Brazil and Spain, underlining its commitment to this part of its strategy. Carrefour launches new data and retail media strateg...
16 June 2021
As Auchan and Intermarché establish new buying units or teams, we round up news from the retailers. Auchan establishes U2A buying unit Following on from the ending of the Horizon buying alliance , although the retailer said the decisions were separate, local trade publication LSA has revealed that Auchan has established the U2A buying unit. U2A will coordinate the buying from 70 of its l...
10 June 2021
As Edeka increases its stake in Picnic, sells off its Bringmeister delivery service and launches a new private label range, we round up news from the retailer. Edeka increases its stake in Picnic… Edeka has increased its stake in Picnic, without releasing details about how much of the latter business it now owns. Before this increase Edeka owned a 10% stake in Picnic and a 35% share of its ...