Europe news & analysis

12 July 2013
O’Key, a leading Russian grocery retailer, has announced its unaudited results for H1 and Q2, ending June 2013. Sales grow 19.3% in H1 O’Key recorded sales worth RUB 64bn (US$ 2.0bn) for the first half of 2013, representing a 19.3% increase compared to the same period in 2012. Q2 sales grew 21.5% year-on-year in 2013, reaching RUB 33.1bn (US$ 1.0mn). Like-for-like sales grew 7.5% for the...
12 July 2013
Unaudited results show that sales have grown by 7.9% at X5 Retail Group in the six months to the end of June, reaching RUB259.4 billion (US$7.9 billion). Convenience stores growing fastest In the first half of 2013 X5’s sales were driven by its Perekrestok Express and Kopeyka convenience store chains, which achieved sales growth of 83%. Supermarkets and hypermarkets recorded sales incr...
11 July 2013
As the retailer announces strategic developments in Greece, Montenegro and US, we examine the retailer’s priorities and its approach to growth ahead. Retailer to sell operations in Montenegro Delhaize has announced that it has agreed to sell its 25 stores in Montenegro to locally-based Expo Commerce. The retailer said that Expo Commerce will run the stores under franchise and will maintain...
11 July 2013
German retailer, Tengelmann, has posted sales of €11.1bn for the year ending December 2012. Encouraging result in difficult conditions Tengelmann’s full year sales of €11.1bn represent a 2.9% increase compared to the previous year, with two thirds of its sales coming from its domestic market of Germany . CEO Karl-Erivan W Haub commented that “despite continued difficult overall conditi...
11 July 2013
Sainsbury's has reaffirmed its ambition to grow its store portfolio further and announced a distinctive development in private label. Reaffirming growth ambitions Speaking at the company's Annual General Meeting, CEO Justin King said that there was "much opportunity to grow our business into the the future."   This year Sainsbury's plans to grow gross space by around 5%, a target that will d...
11 July 2013
A S Watson owned Savers, the discount health & beauty retailer has finally reported a £7million operating profit after enduring several loss making years. 'Riding the wave' For the year ending 29/12/12, Savers also reported a sales increase of +13.4% bringing turnover to £214million (up from £189.1m in 2011). This was helped in part by adding 11 new stores to the network but also ...
11 July 2013
The UK's largest discount retailers, Aldi and Lidl, have both recently introduced new marketing initiatives as they look to capitalise on recent successes and cement their growing popularity with UK shoppers. Aldi's "Swap&Save" campaign Following from the success of its ongoing "Like Aldi" campaigns, which highlight the quality of Aldi products, the discounter has launched a new initi...
11 July 2013
French retailer Casino has received permission to take exclusive control of Monoprix, the upscale convenience and homewares format, which it previously only partially controlled. A boost to the group's convenience focus The approval of the French competition authority to take exclusive control of Monoprix is evidence of Casino's strategy to focus on growth channels. Convenience retailing i...
11 July 2013
At an event in London, Morrisons CEO Dalton Philips has outlined his plans to shape the future of Morrisons. Becoming a true national multichannel and multi-format player A priority for Dalton Philips was to explain how the retailer was evolving across several fronts to drive growth and show relevance for shoppers. With this in mind, he outlined the importance of freshness, provenance, val...
11 July 2013
Leading UK foodservice wholesaler and distributor, Brakes Group has published its financial report for the year to 31 December 2012, showing total sales up 3.9% to reach £2,898m.  The group, now with operations across UK & Ireland, France and Sweden, achieved profit excluding exceptional items, depreciation and amortisation of £128.9m, up 1.0% on 2011. Strongest growth seen in UK The UK & Ire...