Europe news & analysis

10 January 2013
Russian retailer, Magnit, has announced double digit sales growth in its preliminary unaudited results for 2012 An encouraging year for Magnit The sales, of RUB 448,486m, reflect an increase of 33.6% compared to 2011. The retailer has consistently reported strong results throughout the year - +33% in H1, +36% in Q3 . New stores helping drive growth An impressive store opening rate ...
10 January 2013
GPA, Casino's Brazilian subsidiary, and Intermarche Poland are both expanding through the Drive, click and collect for grocery, concept, according to reports. Retailers investing in Drive across markets Reports state that French retailer Intermarche is preparing to launch a Drive service for grocery in Poland this quarter and GPA , Casino's Brazilian  subsidiary, began operating a Drive ...
10 January 2013
Swiss operator Manor has reported a 0.5% fall in like-for-like sales at its department stores in 2012. Total turnover was down Manor said the result was achieved against a background of strong competition and unfavourable consumer spending.  Total group turnover was down 5.9%, to CHF3bn.  One department store closed during the year, and the 19 Fly furniture stores are no longer trading ...
10 January 2013
M&S has reported group growth of 0.6% for the 13 weeks to 29 December 2012. Total UK sales grew just 0.3%, with LFL of -1.8%. Food outperformed the total business, showing a 2.7% total uplift and a LFL rise of 0.3%. Headline figures from Q3 Group sales: +0.6% Total UK sales: +0.3% (-1.8% LFL) Food sales: +2.7% (+0.3% LFL) General merchandise: -2.2% (-3.8% LFL) Multichannel...
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...