Europe news & analysis

02 September 2013
Conviviality Retail, the owner of Bargain Booze has announced it has acquired 22 Wine Rack stores, predominantly in the Greater London area. Expansion into the South East The newly-listed AIM company, Conviviality Retail has acquired L.C.L Enterprises Limited (Wine Rack) for £1.65 million. The deal is understood to support Conviviality's strategy of increasing its focus on wine as well as...
30 August 2013
Nor gesGruppen has reported its first half results with sales of NOK 32bn, an increase of 7.6%, while profit has decreased. Sales growth of 7.6% as operating profit falls by 16.1% Despite strong sales growth, operating profit declined by 16.1% to NOK 1.2bn and pre-tax profit by 15% to NOK 1.1bn. Operating margin also fell to 3.8% from 4.8% the previous year. New discounter stores drive g...
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...
30 August 2013
Russian pharmacy chain 36.6 has announced that it is to sell its stake pharmaceutical manufacturer Veropharm. Reducing debt to open opportunities The company said that selling its 52% stake in Veropharm for 5 billion rubles to GarndenHills will reduce debt. At the end of last year the pharmacy chain’s debt stood at 8.3 billion rubles and Veropharm’s was at 1.5 billion rubles. Proceeds from ...
30 August 2013
Couche-Tard’s first quarter merchandise and service revenues increased by 16.4% year-on-year, driven by the acquisition of Statoil Fuel and Retail in Europe. Same-store merchandise and service revenues increased by 2.7% in the US, 1.9% in Europe and by 0.7% in Canada. Fresh foods initiative and new fuel brand driving growth in Europe Couche-Tard’s acquisition of Statoil Fuel and Retail has...
30 August 2013
Major UK cash & carry wholesaler Bestway has extended its full service catering wholesale operation, Bestway Batleys Foodservice, across the UK, using existing cash & carry depots to provide a network of local bases.  Starting from its established foodservice base in Scotland this roll-out will now give Bestway the capability to target a wide range of catering customers, including contract and nat...
30 August 2013
A.S. Watson affiliate Rossmann has plans to double the numbers of stores in Poland by 2018. Ambitious growth targets so far succeeding Rossmann has been in Poland for 20 years, since 2008 the business has doubled  its turnover as part of a dynamic growth strategy. In 2013 the business will open an additional 150 stores and expects to reach the 1,000 store mark sometime in 2014. The...
29 August 2013
The Polish retailer has announced a 1.6% rise in sales for the first half of 2013. Sales reached €1.9bn Eurocash has reported total sales of PLN 8.1bn (€1.9bn) for the first half of the year, representing a 1.6% rise compared to the same period in 2012. Net profit for the half is up 14.2%. The retailer has stated that the low sales growth is partly due to a slowdown in consumption and th...
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...