Europe news & analysis

18 April 2013
Turkey-based discounter A101 has announced annual results for 2012 and set out its expansion plans for the year ahead. Retailer’s sales break TRY2 billion mark A101’s chief executive, Erhan Bostan, said that in 2012 sales had reached TRY2.1 billion (€886.7 million) from the company’s 2,032 stores. 2013 to see further growth Bostan went on to say that A101 was aiming to add a further 450...
18 April 2013
Austria-based Pfeiffer has announced plans to expand its Unimarkt chain in 2013. Retailer to invest €15 million in additional stores Pfeiffer said that it will aim to open 20 Unimarkt stores in 2013, 18 of which will be rebranded Zielpunkt stores, with the final two being new. The retailer also said that it would it would operate the deli counters in the new stores itself, despite its ex...
18 April 2013
Croatia-based Plodine has announced plans to add further stores in the short term to build on its successful recent performance. 2012 saw good store and sales growth During the year, Plodine opened four new supermarkets, adding just over 11,000 sq m of new selling space, which helped to drive sales growth of just over 6%. At the end of its financial year, Plodine generated sales HRK2.9 billio...
18 April 2013
With Tesco reporting UK sales up 1.8% to £48.2bn for its 2012/13 financial year and LFL sales showing an improving trend in H2, we examine the progress the retailer made against its six part UK plan to 'Build a Better Tesco' and what we can expect going forward from 2013/14. 1. Service & Staff: improvements across all metrics This area was set out as the biggest part of the retailer's si...
18 April 2013
Casino has reported a 33.7% rise in consolidated sales for the first quarter, driven primarily by the full consolidation of GPA in Brazil. Sales from total continuing operations reached €11,681m, with French sales down 4% and international sales up 73.6%. Price drops in France Casino continued the price cutting policy it initiated in Q4 through the first three months of the year, and stated ...
17 April 2013
Tesco has confirmed that it will exit the United States and announced that it will dispose of many unwanted development sites in the UK in order to target investment in areas of the business that offer the best returns. The statements come as the retailer revealed a slowdown in group sales growth to 1.3% to £72.4bn and a 13% fall in group trading profits to £3.5bn for the 52 weeks ended 23 Februa...
17 April 2013
Following the release of Tesco's 2012/13 results, we outline five areas of focus for the retailer in the year ahead. Progress in UK, but more to be done While Tesco's LFL sales trend in the UK has been modest over the last year, it would be unreasonable to expect the many elements of the building a better Tesco plan to all have an immediate impact in such a challenging market. Nonethele...
16 April 2013
Superdrug, has agreed its first TV sponsorship deal with Discovery Networks which launches a new TV channel on April 30th. Integrated campaign breaks at launch Superdrug has signed a seven figure deal to become an exclusive channel partner for TLC, a new entertainment TV channel which launches on April 30th. The deal signed with Discovery Networks UK, covers an agreed amount of sponsorsh...
16 April 2013
Magnit has reported Q1 sales of RUB131.2bn. Encouraging start to the year In its unaudited results, the retailer has reported Q1 sales of RUB131.2bn which represents a 30.4% increase year-on-year. Like-for-like sales increased 4.8%. This strong performance marks the first time that Magnit has outperformed Russian rival, X5 . Aggressive expansion credited Magnit’s dominant Q1 resu...
16 April 2013
Kerry Foods Direct to Store - a leading van sales operator, supplying chilled products to independent and convenience retailers - has announced it is rebranding as Kerryfresh. This is part of an extensive overhaul, aimed at ensuring it retains its role as a key player in the channel for the fast growing chilled and fresh categories. Includes improvements to range and service As well as rebran...