Retail and consumer goods industry news

08 July 2013
Superdrug (owned by A.S. Watson) has reported lower sales and operating profits in its latest Annual Report. Depreciation charge hits profits Latest sales reported by Superdrug show a decline in turnover of -2.6% to £1,021m (down from £1,049m in 2011). Pressure on disposable income, plus downtrading in the beauty category category reflected the difficult trading position the company has ...
08 July 2013
America's largest retail drug store chain, Walgreens has announced lower than expected earnings in the 3 months ending May 2013. Not up to expectations Despite announcing a sharp rise in net earnings to $624million on sales revenue of $18.3 billion, shares were hit by investors as earnings per share fell below market forecast actual $0.86 versus expectations at $0.91. On its own admiss...
05 July 2013
Seven & I Holdings has posted a 9.5% rise in first-quarter profits helped by improved consumer spending in Japan. Continued growth in convenience Both Seven-Eleven Japan and 7-Eleven Inc. continue to deliver strong growth with operating income up 2.7% on last year, the fastest growing segment in the Group . Existing convenience store sales in Japan were up 0.9% in Q1 as a result of s...
05 July 2013
In order to attract new shoppers, Azbuka Vkusa, a premium supermarket chain, is expanding both its range and its store portfolio. Growing store portfolio Azbuka Vkusa is planning on opening 18 new stores in 2013, with around five of them being opened in St. Petersburg. Expansion will also include locations outside of Moscow and St. Petersburg. This announcement follows suggestions earlier ...
05 July 2013
In an interview with McKinsey, Ahold’s chief executive, Dick Boer, discusses the retailer’s approach to its online operations, while in its home market the retailer has launched a new version of its successful mobile app Appie. ‘Give customers multiple ways to do their shopping’ In a wide ranging discussion, Boer said that he believed retailers needed to be able to enable shoppers to purchase...
05 July 2013
In an interview with Commerce Du Levant, the chief executive of ADMIC, Casino’s Lebanon-based franchisee, Michel Abchee, discussed his company’s opening of five Monop’ convenience stores in Beirut. First store producing positive results Abchee said that the first Monop’, which was opened in May 2013, was generated ‘ positive results ’. He said that the brand was differentiating itself from co...
05 July 2013
One Stop has announced it has agreed to acquire 33 convenience stores in the north west of England from Alfred Jones, subject to regulatory approval. North West focus The proposed deal would see Alfred Jones, who operate 49 convenience and 18 forecourts stores under the Spar banner dispose of 33 sites to One Stop. The sites, all in the north west of England will help One Stop with its long t...
04 July 2013
Following Morrisons announcement of changes to its online team and a new convenience depot, we assess how the retailer's multichannel strategy is taking shape. 1. Convenience expansion gathering pace As part of its push into the convenience channel Morrisons will be opening a new distribution centre in Lancashire, that will deliver to its M Local portfolio in the north. The new site h...
04 July 2013
Celesio CEO Markus Pinger has left the business with immediate effect, amidst reports of a disagreement with the supervisory board over management and strategy for the German based pharmaceutical business Pinger to leave after two years in the role In a statement, Celesio attributed Pinger’s dismissal to differences of opinions of the management of the company. Marion Helmes, the chief ...
04 July 2013
According to reports Leclerc has opened a Drive through unit for its Espace Culturel business in Quimper, France, offering collection for books, CDs, DVDs and video games ordered online. Clear point of difference versus pure plays Local press reports state that Espace Culturel, Leclerc's speciality non-food banner that sells predominantly books, CDs, DVDs and video games has opened a Drive ...