Europe news & analysis

28 January 2021
As Auchan sets out its plans for 2021 in Russia and embeds its multichannel strategy in Poland and Romania, we round up five developments from the retailer across central and Eastern Europe. Auchan to focus on modernisation in Russia According to reports in Finmarket, Auchan is not planning to open any stores in Russia in 2021. Instead, the retailer will focus on its current projects of mod...
27 January 2021
X5 has reported an improved performance in 2020, versus 2019, with it generating revenue of RUB1,975 bn (US$26.31 bn). The retailer saw total sales grew 14.3% year-on-year, while like-for-likes rose by 5.5%. Both rates improved on the previous year when the stood at 13.3% and 4% respectively. Although more than 81% of the growth was derived from the Pyaterochka banner, X5’ new businesses contr...
27 January 2021
As Ahold Delhaize looks to embed initiatives to help it become an industry-leading local omnichannel retailer , we round up news as it looks to drive sales from healthy products by 2022. Delhaize launches ‘Nutri-Score cookbook’ with leading chef Delhaize, in conjunction with chef Seppe Nobels, who runs restaurant Graanmarkt 13, has launched what the two parties describe as the first cook...
27 January 2021
Poundland's parent, Pepco, has released its Q1 trading update, for the first quarter ending December 2020. The group as a whole saw revenue growth on a constant currency basis of 9.1%, but like-for-like sales declined by 2.1%. Poundland and Dealz performed well, with positive revenue and like-for-like growth. We look at the performance in more detail and consider how the retailer's evolution will...
26 January 2021
As one of the key CPG suppliers impacted by the pandemic, Kimberly-Clark has outlined its outlook for the year ahead and the three key levers which will underpin growth as it cycles strong comparable sales from 2020. Net sales growth of 4-6% in 2021 Fourth quarter sales increased 5.5% to $4.8bn, contributing to a solid year for the company, with full year sales up 3.7% to $19.1bn. During th...
25 January 2021
This month, Lidl opened its first distribution centre in Latvia, in Riga. When the first stores will open later this year it will mark the 30 th market entry for the discounter globally. This means Lidl will be one country away from operating across all EU countries. Disruption ahead for Latvia and Estonia grocery retailers We expect Lidl to launch in Latvia with a network of 10 to 15 stor...
25 January 2021
Leclerc’s president, Michel Edouard Leclerc, has discussed how the retailer’s online operations generated the sales it was forecast to in 2024 in 2020, following the impact of COVID-19 and shoppers’ changing buying behaviours. Drives enjoyed sales growth of 42% in 2020… Leclerc said the retailer’s Drives saw sales growth of 42% in 2020, which helped to offset the challenges faced by its lar...
25 January 2021
Les Mousquetaires announced full year 2020 results showing revenue, including fuel, rose 2.3% to €46.3 bn. Underlining how shoppers adapted their buying behaviour in response to COVID-19 and restrictions and lockdowns implemented as a result, Les Mousquetaires with proximity formats outperforming. Strong difference in performance by format Les Mousquetaires reported its food retailing busin...
22 January 2021
Turkish on-demand rapid delivery company Getir announced it has secured $128m for international expansion in a funding round. Valued at $850m The funding round, led by venture capitalist Michael Moritz’s Crankstart Investments and Brazilian Base Partners, valued Getir at around $850m. With this investment, Getir aims to expand internationally to offer its services initially in London, Sao P...
22 January 2021
With news of potentially problematic new virus strains and uncertainty over how and when restrictions will be lifted, food and drink businesses face an extremely challenging start to the year. The implications affect the whole supply chain from manufacturers and wholesalers to retailers and operators.  All links in the chain must work more closely than ever to ensure businesses survive the t...