Retail and consumer goods industry news

29 April 2013
Two retailers have announced plans to grow their presence in the UAE, Carrefour through an expansion of its existing operations and Gulfmart through entry into the market. Gulfmart to enter UAE Gulfmart, which operates stores in Bahrain and Kuwait, has entered the UAE market with the opening of a 6,000 sq m hypermarket in Sharjah. The price-oriented retailer, as of April 2013, runs 20 store...
29 April 2013
Russian retailer Azbuka Vkusa has reported 2012 sales of RUB 23bn. Sales grew by 6.5% from RUB 21.6bn in 2011 to RUB 23bn in 2012. Azbuka Vkusa boosted its store portfolio to 54 stores, having opened eight stores during the year. Previously, the entire portfolio was located exclusively in Moscow and the Moscow Province, but the retailer opened its first store in St Petersburg in December 201...
29 April 2013
Costco UK has launched a new online only subscription, open to all, and unlimited by any warehouse membership criteria, providing universal access to Costco.co.uk. The £15 annual payment allows consumers to purchase at the club member rate across the full range of the online offer. Online provides wider range than depots Launched in October 2012, the Costco UK online ordering service is a s...
29 April 2013
Scotmid has announced sales are up 0.3%, but profits are down 8%. Profits down at Scotmid Scotmid has reported total turnover rose by 0.3% to £248 million for the financial year ending 26th January 2013, whilst profits fell from £6.5 million to £6millon. Although underlying profits from the trading business were positive, a one off investment in process improvements, a reduction in the ra...
29 April 2013
Éxito has increased its net revenue by 6.1% in the first quarter of 2013, and reported EBITDA growth of 6.5%. Same store sales growth in both markets Both Colombia and Uruguay registered same store sales growth during the quarter, contributing towards a group-wide rise of 1.6%. In Colombia, growth was driven by Surtimax; six stores opened under this discount fascia, out of a total of 10. ...
29 April 2013
Mexican retail group Controladora Comercial Mexicana (CCM) has reported net sales growth of 3% for the first quarter of 2013, alongside 7.2% for Chedraui and 5.1% for Soriana.  Calendar effect hits same store sales at CCM Same store sales were up 1.1% for the quarter, hit by the calendar effect of one fewer day in February this year, and the timing of Easter.  The best-performing formats were...
29 April 2013
Edeka's independent retailers have grown sales by 6.4% in 2012, while group sales have gone up 3.8% to €44.8bn. Independent merchants growing faster than market CEO Markus Mosa said that 2012 had proven once again how close Edeka's   independent merchants are to its customers, and that they give the brand a personal face which boosts consumer confidence. During the year, 83 stores changed i...
26 April 2013
Metro Group has announced further restructuring in its cash & carry division this week, as it has committed to investing in the Real business. Rationalising senior management The Group has taken the decision to remove the position of Customer Management Director in all markets the cash & carry arm operates in. At the same time it has created the new position of 'Director of Restructuring Op...
26 April 2013
Farmfoods, the frozen food specialist, has reported rising profits due to an increased focus on cost savings. Falling sales Farmfoods has reported a 10% increase in pre-tax profits in the 52 weeks to 29 December 2012, from £24.5m to £27m. However sales fell by 1.5% to £595m. In the accounts filed at Companies House, Farmfoods attributed this to the fiercely competitive environment. Cos...
26 April 2013
Eroski has invested €1.4m in its latest supermarket model, launched in Pamplona, which focuses on personal service and fresh regional produce. New initiatives to debut here This outlet will act as a "laboratory" for Eroski to test innovations before rolling them out to the wider store network. It is part of the retailer's 2013-16 store transformation plan. Store formats director Carmen ...