Europe news & analysis

29 April 2013
Costco UK has launched a new online only subscription, open to all, and unlimited by any warehouse membership criteria, providing universal access to Costco.co.uk. The £15 annual payment allows consumers to purchase at the club member rate across the full range of the online offer. Online provides wider range than depots Launched in October 2012, the Costco UK online ordering service is a s...
29 April 2013
Scotmid has announced sales are up 0.3%, but profits are down 8%. Profits down at Scotmid Scotmid has reported total turnover rose by 0.3% to £248 million for the financial year ending 26th January 2013, whilst profits fell from £6.5 million to £6millon. Although underlying profits from the trading business were positive, a one off investment in process improvements, a reduction in the ra...
29 April 2013
Edeka's independent retailers have grown sales by 6.4% in 2012, while group sales have gone up 3.8% to €44.8bn. Independent merchants growing faster than market CEO Markus Mosa said that 2012 had proven once again how close Edeka's   independent merchants are to its customers, and that they give the brand a personal face which boosts consumer confidence. During the year, 83 stores changed i...
26 April 2013
Metro Group has announced further restructuring in its cash & carry division this week, as it has committed to investing in the Real business. Rationalising senior management The Group has taken the decision to remove the position of Customer Management Director in all markets the cash & carry arm operates in. At the same time it has created the new position of 'Director of Restructuring Op...
26 April 2013
Farmfoods, the frozen food specialist, has reported rising profits due to an increased focus on cost savings. Falling sales Farmfoods has reported a 10% increase in pre-tax profits in the 52 weeks to 29 December 2012, from £24.5m to £27m. However sales fell by 1.5% to £595m. In the accounts filed at Companies House, Farmfoods attributed this to the fiercely competitive environment. Cos...
26 April 2013
Eroski has invested €1.4m in its latest supermarket model, launched in Pamplona, which focuses on personal service and fresh regional produce. New initiatives to debut here This outlet will act as a "laboratory" for Eroski to test innovations before rolling them out to the wider store network. It is part of the retailer's 2013-16 store transformation plan. Store formats director Carmen ...
25 April 2013
Plans to open 'discount corners' in hypermarkets in areas of low affluence have been unveiled by the French retailer. Strengthening value perceptions The move comes in response to a pilot in a store in Sevran in Paris. In an interview with LSA the store manager, Thierry Lalo, said the initiative had helped the store to win back share from discounters in the area, halt the loss of custom...
25 April 2013
The French retailer is seeking to generate better performance from locally sourced products. Targeting €300m According to LSA, Leclerc is aiming to generate sales of €300m from its local partnerships ('Alliances locales') in the long term, which represents 1% of turnover. They currently generate €100m in turnover. Alliances locales source products from within a 100km radius of Leclerc sto...
25 April 2013
K-Group sales fell by 6.9% in the first quarter, as the business continues to implement its turnaround strategy. Growth in grocery While total group sales were down, Kesko's grocery division performed much better, delivering growth of 3.5% at €1,045m. Kesko estimates this is roughly in line with market growth for Q1. During the period January-March it added three new stores and renovated an...
25 April 2013
Finnish S Group has released performance figures for January-March, revealing sales of €2.6bn. Level growth S Group revealed that sales were flat year-on-year, level with Q1 2012 results. Growth in grocery sales compensated for weaker revenues in S Group's consumer goods divisions. Sales of consumer goods were down 4.6% whereas grocery sales rose 5% to €1.6bn. However this growth was driven b...