Europe news & analysis

10 January 2013
Tesco has released its Christmas trading results for the six weeks to 5 January, with group sales up 3.9% inc. VAT exc. fuel (3.6% at actual exchange rates). The performance of its UK operation continues to strengthen with performance internationally similar to that experienced in Q3. Tesco's strongest UK growth for three years In the UK sales over Christmas increased by 4.3% (inc. VAT,...
10 January 2013
According to reports, Auchan is preparing to launch a new concept that fuses a Drive outlet with a fresh food store. Combined format to launch in March Trade press reports suggest that Auchan will open a new format, possibly under the 'Multifrais' banner, that will see a Drive (click and collect for grocery) unit combined with a fresh food supermarket. Due to open in March in the Paris reg...
09 January 2013
Majestic Wine has announced a 5.1% increase in sales for the key festive trading period, comprising seven weeks trading up to 31st December 2012.  Boosted by 11 new stores Majestic now has a total of 189 across the UK. Like-for-likes sustained through full quarter Like-for-like growth in the seven weeks was +1.1%, much in line with the first six weeks of the quarter when the uplift was 1.2%. ...
09 January 2013
Greggs has released its latest trading results, with a LFL decline of 2.9% for the five weeks ending 05 January 2013 and a decline of 2.7% for the 52 weeks ending 29 December 2012. New stores drive total sales growth Despite falling LFLs, total sales at Greggs were up 4.3% during the five weeks to 05 January 2013 and 4.8% for the 52 weeks to 29 December 2012. This was due to a record s...
09 January 2013
SPAR Switzerland has reported sales growth of 3.8% for 2012, to CHF1,041m, and has revealed its main priority for the year ahead.    CEO satisfied with results SPAR's growth was achieved against a background of deflationary prices in food, and a fall in foodservice sales.  Chairman and CEO of SPAR Switzerland, Stefan Leuthold, said the retailer was very satisfied with the 2012 growth.  ...
09 January 2013
Sainsbury's has released an upbeat third quarter trading statement with own brand and multichannel investments contributing strongly to Christmas trading. Record build up to Christmas LFL sales excluding fuel inc. VAT were up 0.9% while total sales were up by 3.3% for the 14 weeks to 5 January 2013.  The week before Christmas was Sainsbury's strongest ever with 27m customer transactions, a...
08 January 2013
The latest market share data from Kantar Worldpanel, for the 12 weeks to 23 December, shows the market trend held steady with the previous period maintaining growth of 3.2%.  However Kantar has reported a sharp uptick in inflation in the period, up a full percentage point to 4.5%, putting pressure on volumes in the crucial run up to Christmas. 12 weeks to 25 December 2011 (% share)...
08 January 2013
Booths has reported its best ever December performance, with LFL sales up 3.5% and total sales up 5.6%. Significant jump in pre-orders The record Christmas sales reported by the regional supermarket chain were helped by the huge rise in pre-orders, which saw a 58% increase on last year. Chris Dee, chief operating officer at Booths , attributes this to the ease of  online ordering and coll...
08 January 2013
The latest figures from the British Retail Consortium Retail Sales Monitor show that UK retail sales grew by just 0.3% like-for-like in the five weeks of December 2012, confirming predictions of restrained consumer Christmas spending.  Total retail sales growth for the month was +1.5%, significantly lower than Christmas 2011, when the uplift was a buoyant 4.1%. Online outperforms After a coup...
08 January 2013
Belgian discounter Colruyt has appointed Marc Hofman of the Ter Beke Group as its new Chief Financial Officer. Well placed experience Hofman will take up the position from 1 April 2013 and brings with him plenty of relevant experience. Previously he has worked as an auditor with Arthur Andersen, and as CFO with SUN International Group. Jef Colruyt, CEO of  Colruyt Group commented "His expe...