Retail and consumer goods industry news

21 February 2013
Casino has reported a 29.3% increase in trading profit, reflecting the move to take control of GPA in Brazil in 2012. In France, trading profit declined by 8.6%, with a drop in domestic trading margin. However, overall trading margin was up and the group is confident its domestic 'back to basics' commercial plan will kick in and management stressed that its small format exposure lies in its favou...
21 February 2013
Walmart's full year results, for the year to January 31, 2013, have revealed consolidated net sales growth of 5.0% for the full fiscal year 2013, to $466.1bn. Operating income increased by 4.7%, with income from continuing operations attributable to Walmart increasing by 7.8% to $15.8bn. The retailer made progress towards its five-year goal of reducing operating expenses as a percentage of s...
21 February 2013
L'Oréal has announced the launch of its own online store in France, where the whole of its product range will be available to order. The company has also announced investment in a new R&D hub in Asia. Additional opportunities for growth Despite L'Oréal's reliance on its major retailers, the company is keen to stress that it is not looking to circumvent the retail channel. However, as more ...
21 February 2013
The new Sephora flagship store in Shanghai features an innovative new development centred around 'The Fragrance Bar' in-store experience. Exciting and innovative concept in retailing 'The Fragrance Bar' provides shoppers with a unique in-store experience in order to maximise shopper engagement.  The new flagship store has six stations, each equipped with with an iPad, surrounded by ten fra...
21 February 2013
With this year's official Fairtrade Fortnight beginning on 25th February, we take a look at how retailers are supporting the event, driving an ethical agenda in the face of a highly value orientated market. The Bean Machine The Co-operative has commissioned a car powered entirely powered by waste coffee beans to celebrate ten years of selling 100% Fairtrade coffee. Having broken the Guinn...
21 February 2013
Asda has announced new investment to build George's international reach and revealed that like-for-like sales growth slipped back in the final quarter of 2012 as shoppers kept a tight rein on spending. The retailer said it was proud however of its performance for 2012 as a whole. LFLs slow, as average ticket price falls In Q4 Asda's LFL growth excluding fuel was 0.1% in the 14 weeks to ...
21 February 2013
Safeway’s total fourth quarter sales, for the 16 weeks to December 29, increased by 1.2% to $13.8bn, with identical store sales increasing by 0.8%. Net income attributable to Safeway increased by 13.2% to $244.0m. For the full year, total sales increased by 1.3% to $44.2bn, with identical store sales up 0.5%. Net income attributable to Safeway increased by 15.4% to $596.5m. Just for U prog...
21 February 2013
Following Asda's results presentation, we draw out the five key themes that we believe will drive growth for Asda in 2013. Investing for customers in a tough market: "EDLP is in our DNA" This was one of the core elements of Asda's focus in 2012 and in particular in Q4, and this will remain a key priority in 2013. At the results session, Andy Clarke explained "our customers continue to tell ...
21 February 2013
Despite a competitive market environment and falling shopper spend, Rewe and Profi have announced expansion plans for the Romanian market. Rewe to expand with Penny Rewe has said that it is looking to invest between €10 and €15 miillion during 2013 to add 14 Penny stores in the market. The company’s head of marketing, Ioana Marginean, was quoted by Ziarul Financiar as saying: "In 2013, ...
21 February 2013
After a number of delays, LuLu hypermarket's parent company, the Emke Group, has announced that it will open its first store in India in March. Development to be opened in Kochi, Kerala The LuLu hypermarket is part of a shopping centre that will open in Kerala. Emke has invested Rs16 billion in the development, which will also include an ice rink, cinema and restaurants alongside the hyper...