Retail and consumer goods industry news

12 July 2013
Unaudited results show that sales have grown by 7.9% at X5 Retail Group in the six months to the end of June, reaching RUB259.4 billion (US$7.9 billion). Convenience stores growing fastest In the first half of 2013 X5’s sales were driven by its Perekrestok Express and Kopeyka convenience store chains, which achieved sales growth of 83%. Supermarkets and hypermarkets recorded sales incr...
12 July 2013
Shoppers make a range of decisions that will influence their purchase before even reaching the store, ranging from the type of channel to attitudes to ethical or private label shopping. We have pulled out some trends from our ShopperVista monitor of British grocery shopper sentiment. If you work in the industry, they will help you understand what shoppers are currently doing and why… Mu...
11 July 2013
As the retailer announces strategic developments in Greece, Montenegro and US, we examine the retailer’s priorities and its approach to growth ahead. Retailer to sell operations in Montenegro Delhaize has announced that it has agreed to sell its 25 stores in Montenegro to locally-based Expo Commerce. The retailer said that Expo Commerce will run the stores under franchise and will maintain...
11 July 2013
German retailer, Tengelmann, has posted sales of €11.1bn for the year ending December 2012. Encouraging result in difficult conditions Tengelmann’s full year sales of €11.1bn represent a 2.9% increase compared to the previous year, with two thirds of its sales coming from its domestic market of Germany . CEO Karl-Erivan W Haub commented that “despite continued difficult overall conditi...
11 July 2013
Sainsbury's has reaffirmed its ambition to grow its store portfolio further and announced a distinctive development in private label. Reaffirming growth ambitions Speaking at the company's Annual General Meeting, CEO Justin King said that there was "much opportunity to grow our business into the the future."   This year Sainsbury's plans to grow gross space by around 5%, a target that will d...
11 July 2013
A S Watson owned Savers, the discount health & beauty retailer has finally reported a £7million operating profit after enduring several loss making years. 'Riding the wave' For the year ending 29/12/12, Savers also reported a sales increase of +13.4% bringing turnover to £214million (up from £189.1m in 2011). This was helped in part by adding 11 new stores to the network but also ...
11 July 2013
The UK's largest discount retailers, Aldi and Lidl, have both recently introduced new marketing initiatives as they look to capitalise on recent successes and cement their growing popularity with UK shoppers. Aldi's "Swap&Save" campaign Following from the success of its ongoing "Like Aldi" campaigns, which highlight the quality of Aldi products, the discounter has launched a new initi...
11 July 2013
Two digital startups, US-based Instacart and India-based Flipkart, have successfully raised new investment to fund growth in their respective markets. Instacart focused on ‘national expansion’ Grocery-oriented Instacart said that it had raised US$8.5 million from a number of sources to help expand the coverage of its same-day delivery service, which uses multiple local stores. The company s...
11 July 2013
French retailer Casino has received permission to take exclusive control of Monoprix, the upscale convenience and homewares format, which it previously only partially controlled. A boost to the group's convenience focus The approval of the French competition authority to take exclusive control of Monoprix is evidence of Casino's strategy to focus on growth channels. Convenience retailing i...
11 July 2013
At an event in London, Morrisons CEO Dalton Philips has outlined his plans to shape the future of Morrisons. Becoming a true national multichannel and multi-format player A priority for Dalton Philips was to explain how the retailer was evolving across several fronts to drive growth and show relevance for shoppers. With this in mind, he outlined the importance of freshness, provenance, val...