Retail and consumer goods industry news

25 April 2013
Plans to open 'discount corners' in hypermarkets in areas of low affluence have been unveiled by the French retailer. Strengthening value perceptions The move comes in response to a pilot in a store in Sevran in Paris. In an interview with LSA the store manager, Thierry Lalo, said the initiative had helped the store to win back share from discounters in the area, halt the loss of custom...
25 April 2013
The French retailer is seeking to generate better performance from locally sourced products. Targeting €300m According to LSA, Leclerc is aiming to generate sales of €300m from its local partnerships ('Alliances locales') in the long term, which represents 1% of turnover. They currently generate €100m in turnover. Alliances locales source products from within a 100km radius of Leclerc sto...
25 April 2013
Supervalu has reported that total sales in the fourth quarter decreased by 2.3% to $3.9bn. Identical store sales fell by 4.1% at its conventional retail banners, and by 2.6% at Save-A-Lot, its hard discount format. A leaner Supervalu is emerging Supervalu’s final quarter and full year results mark the end of the company as we know it, having divested almost 900 of its supermarkets. Followi...
25 April 2013
K-Group sales fell by 6.9% in the first quarter, as the business continues to implement its turnaround strategy. Growth in grocery While total group sales were down, Kesko's grocery division performed much better, delivering growth of 3.5% at €1,045m. Kesko estimates this is roughly in line with market growth for Q1. During the period January-March it added three new stores and renovated an...
25 April 2013
Finnish S Group has released performance figures for January-March, revealing sales of €2.6bn. Level growth S Group revealed that sales were flat year-on-year, level with Q1 2012 results. Growth in grocery sales compensated for weaker revenues in S Group's consumer goods divisions. Sales of consumer goods were down 4.6% whereas grocery sales rose 5% to €1.6bn. However this growth was driven b...
25 April 2013
Metro Inc has reported second quarter adjusted net earnings growth of 7.8% to $215.5m. Total sales over the period fell by 2.6%, reflecting a calendar change, with same-store sales flat. Competitive pressures intensifying Metro’s flat same-store sales reflect the tough competitive environment in Canada , particularly in the retailer’s Quebec heartland. Walmart continues to push forward...
25 April 2013
This week, IGD joined a Walmart International investors meeting in London that provided new insight into Asda's strategic priorities going forward. Here are our five key takeaways. New ways that EDLC will enable Asda to strengthen value With no let up in the budgetary pressures on the shopper in sight, Asda will further strengthen its reputation for value and communicate this message in new...
24 April 2013
As part of its first quarter results announcement, in which it revealed net sales growth of 5.1%, Walmart de México y Centroamérica has revealed more details of changes to the structure of its self-service division.  Mixed results across region Speaking at the results presentation, Scot Rank, president and director general, said results were solid in central America; income was up 2% in p...
24 April 2013
Portuguese group Jerónimo Martins has reported consolidated sales up 16% to €2.8bn in the first quarter of 2013, with Polish chain Biedronka increasing sales by 20%.  Strong like-for-likes in Poland, expansion remains priority Biedronka achieved like-for-like growth of 8.8% for Q1, with both basket size and number of visits contributing. The fresh focus rollout was completed in September...
24 April 2013
FEMSA Comercio, operator of Oxxo convenience stores in Mexico, has reported revenue growth of 14% for the first quarter of 2013.  New stores and same-store sales driving growth Oxxo opened 135 stores in the first quarter, to reach 10,736 at the end of March, and it is this which is the main driver of sales growth. Same-store sales were up 4.8% compared to the first quarter in 2012, reflecting...