Europe news & analysis

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...
16 April 2013
As part of an interview in Wirtschaftswoche, Rewe Group’s chief executive, Alain Caparros, has said that the retailer is looking to invest in online businesses. Retailer to invest in start-ups Caparros said that the retailer had been slow to invest in online operations and that ‘as a stationary-orientated retailer, perhaps we lack the DNA for an e-commerce business’. In order to change this...
16 April 2013
Premium Italian food retailer Eataly has partnered with 360 Capital Partners to launch 'Eataly Net' - an international e-commerce distribution venture. Aim is to achieve "worldwide dominance" Eataly has a majority interest of 60% in the venture, called www.eataly.net , with 30% in the hands of 360 Capital Partners and 10% with the CEO and co-founder of Eataly, Franco Denari.  The "ultim...
15 April 2013
Following the opening of Aldi's new small format store in Kilburn, North West London, we take a look at Aldi's first foray into convenience retailing. 'Lunch for Less' A well constructed food-to-go section greets customers as they enter the store with the 'Lunch for less' theme, a clear example of how Aldi is making this store relevant to convenience shopper missions. Marketing highlight...