Retail and consumer goods industry news

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...
20 February 2013
Discount retailer Lidl has begun the construction of a new distribution centre in the northern Rhein-Main area. Enhancing supply chain capabilities Lidl is investing "a double-digit million euro sum" in the new centre located at Magna-Park, that is scheduled to go live by the first quarter of 2014, reports Lebensmittel Zeitung. Lidl is also planning to open its fourth non-food distribu...
20 February 2013
Colombia's Grupo Éxito has reported operating revenue growth of 15.7% for 2012, and a 3% increase in the fourth quarter.  Growth driven by aggressive expansion Grupo Éxito opened 86 stores during the year, of which 35 were in Colombia, and entered 15 new mid-sized cities.  It is now present in 82 cities in Colombia. E-commerce operations also revealed strong growth during the year, u...
20 February 2013
Following the announcement Casino was reducing prices on branded goods at its hypermarkets, a trade press report from Olivier Dauvers shows significant reductions have kicked in on 5,000 branded items. Survey shows branded prices down 5-6% According to the report, price position on 5,000 branded goods has decreased by 5-6% at the group's hypermarkets. The move is clearly a response to trading ...
20 February 2013
Brazil's Grupo Pão de Açúcar (GPA) has revealed net profit up 36.4% in Q4 2012, against the same period in 2011, and +60.7% for the full year. Strong sales growth in food division A better sales mix, control of expenses and operational improvements across all formats drove growth in operating income both for the consolidated group and within the food business specifically.  In terms of...
20 February 2013
Chilean retailer Cencosud is to invest USD731m in 2013, across its five Latin American markets.  Organic expansion across the region The investment will be broken down as follows: Chile - USD242m, the largest proportion of investment, will go towards 17 new supermarkets and various non-food stores Brazil - USD116m will include 15 supermarkets Peru - USD80m, including ...
19 February 2013
According to trade press reports in Lineaires, Carrefour is set to roll out a new Market supermarket concept that has seen significant sales uplifts in tests. Theatre and local key elements of new concept According to Lineaires, the new concept sees more theatre in fresh, with local suppliers a central element of the offer. Market style table fixtures have transformed fruit and vegetables ...
19 February 2013
Sainsbury's has revealed that annual general merchandise sales have reached £1bn for the first time, following a bumper Christmas in which year-on-year sales were a third higher. Cookware and electricals drive growth Cookware sales over the year were up by 16%, helped by well presented own brand ranges such as Sainsbury's Cooks Collection. Small electricals also rose strongly with growth o...