Europe news & analysis

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...
11 July 2013
Metro Cash and Carry has announced that it will be extending the operation of its ‘Of our own’ programme in Romania. 111 Metro to prioritise the scheme Discussing the extension of the programme, the managing director of Metro Cash & Carry Romania , Dusan Wilms, said: “ The programme is one of Metro Cash & Carry Romania’s priorities and has been expanded during 2013. Developing the as...
11 July 2013
In separate announcements, France-based retailers Intermarché and Leclerc made announcements about their operations in Poland. Intermarché to strengthen operations In an interview with portalspozywczy.pl, Intermarché’s chief executive, Marek Feruga, said that the retailer planning to strengthen its position in the market, potentially through the acquisition of regional groups. Another optio...
10 July 2013
With X5 Retail Group making the headlines recently, we round up three stories from one of Russia’s leading retailers. Hypermarket expansion In line with its plans to grow sales by 11% in 2013 and open up to 900 stores, X5 has outlined plans to open three or four hypermarkets and rebrand an existing store in Moscow in the second half of 2013. Although expansion was expected to focus mor...
10 July 2013
Russian retailer Magnit has announced unaudited first half sales growth of 31.5% for the period ending June 2013. Strong Q2 and first half Having outperformed X5 for the first time in Q1 2013, Magnit has posted a strong overall performance for the first half of the year. Total sales grew 31.5% to RUB 273bn (€6.5bn). LFL sales increased 5.3%, driven by a 5.7% rise in average basket spe...
10 July 2013
Underlining the contrasting fortunes of its electronics banner Promarkt and its operations in the Czech Republic, Rewe has made strategic announcements about its operations. Company to sell some Promarkt stores After a period of uncertainty around its Promarkt stores, in a difficult environment for electronics retailing, Rewe has said that it will sell 16 of its 54 Promarkt stores to Expert...
10 July 2013
Système U has taken three strategic moves: entering Andorra, establishing a partnership with O'Marché Frais and setting out targets for its private label. Retailer enters Andorra Système U has entered Andorra, taking over two former Casino-owned, Monoprix-branded stores. After rebranding one store each will be operated under the Super U and U Express banner. The stores are owned by the loca...
10 July 2013
Following on from the purchase of DIA’s operations in Turkey, Sok has made another acquisition in the market. Investment continues expansion Bizim, which owns 10% of Sok, has announced that the retailer has signed a deal to purchase supermarket chain Onur Ekspres Marketçilik for TRY33 million (US$17 million). The acquisition of Onur follows on from its purchase of DIA and sees Sok add more st...
10 July 2013
Couche-Tard’s total merchandise and services revenues in the fourth quarter increased by 9.3% to $1,766m, with net earnings increasing by 24.3% to $146.4m. For the full year, merchandise and service revenues increased by 15.1% to $7,596m, with net earnings up 25.2% to $572.8m. Investing in its European operations to drive efficiencies and growth These results are the first set to incorpor...
10 July 2013
In its 2013/14 Q1 trading statement, for the 12 weeks to 21 June, leading UK wholesaler Booker has reported total sales up 13.6%, though driven by the inclusion in group figures of the acquired Makro business for the first time.  In terms of category impacts the acquisition of Makro has boosted non-tobacco sales above all, with the combined business up 21% in these areas.   However, underlying sal...