Europe news & analysis

18 January 2013
Migros has reported group turnover growth of +0.7% for 2012 to CHF25.03bn; retail turnover was up 2.3%, to CHF21.35bn, after taking into account the effects of price adjustments. Demonstrating price leadership Following the pattern of recent years, Migros continued to invest heavily in price cuts in 2012. The group’s ten co-operatives implemented cuts equivalent to some CHF204m over the year, ...
18 January 2013
French retailer Leclerc has reported sales growth of 7% excluding fuel for 2012, confirming the success of its EDLP strategy. Low prices main driver behind six years of constant share gains Sales for 2012 reached €43.7bn, up 7.5% including fuel. On an ex-fuel basis sales were up 7% to €34.9bn. In France , where the retailer has the majority of its operations, sales were also up 7.5% to €...
18 January 2013
Morrisons has announced that it intends to launch its third fully transactional website in partnership with innovative kitchenware specialist Lakeland. Morrisons third non-food site Set to launch this Spring, the new site is the latest demonstration of Morrisons increasing focus on e-commerce and use of the channel to broaden its non-food offer to enable its stores to remain focused on fo...
18 January 2013
Bargain Booze has announced that in the two weeks to 24 December 2012, LFL sales increased 9.5%, while in the six weeks to 31 December, LFL sales increased 3.4%. New marketing campaign The launch of a £1m TV and radio campaign has bolstered Bargain Booze's   festive sales, bringing the chain to the attention of new shoppers. Adam Burnett, marketing director at Bargain Booze, said "Our cre...
18 January 2013
Netherlands-based Sligro has announced that it has taken a 25% stake in Superdirect.com. Investment to enable retailer to gain online experience The company said that it would not be looking to integrate its supermarket operations with Superdirect.com in any way following the investment. Instead the company said that it would be using it to gain experience about selling online and how to ...
18 January 2013
Romania-based Profi has announced plans to open 45 stores in 2013 following strong growth in 2012 that saw total sales rise by 29% and by 7.5% in like-for-like terms. Good growth in 2012 Profi said that it added 41 stores in 2012, taking its network to 149 by the end of the year. The pace of store openings helped to drive sales growth at the company and saw it generate revenues of RON1.0 bill...
17 January 2013
New market data from Nielsen confirms solid Christmas trading in the UK and highlights advertising expenditure as a key driver of performance. Solid Christmas trading According to the new data, year-on-year value growth for the sector was 3.7% for the four weeks ending 5 January, a marked pick-up on the 1.3% growth recorded for the previous four period. The best performers for the period were ...
17 January 2013
Sales at Scandinavian retailer ICA grew by a modest 0.3% in Q4, with net revenues of SEK 25m in the period. Adjusted for the divested Norwegian ICA Maxi stores, reported figures show growth of 3.6%. Full year performance Year-on-year revenues at Ahold affiliated ICA grew by 1.8% to 96.9m SEK in 2012. Adjusted figures allowing for the disposal of ICA Maxi stores in Norway  show growth of ...
17 January 2013
Carrrefour has reported an improved sales performance for the final three months of 2012, especially in France and emerging markets. Total sales reached €22,853m, up 0.8%, with LFL ex fuel up 0.4%. For the full year 2012 sales were up 1% to €86,558m. For a full breakdown of Q4 and FY sales performance, click here . France sees further improvement at hypermarkets Sales in France were up ...
17 January 2013
Netherlands-based Ahold has said in a trading statement that net sales rose by 5.1% in its fourth quarter, at constant exchange rates, to reach €7.8 billion. Strong performance seen in Netherlands and US The company said that in the US , during the fourth quarter, sales were up by 4.3%, in dollar terms, to reach US$6.1 billion (€4.7 billion). Comparable sales were up by 2.8%. At Ahold USA ...