Colruyt news

Colruyt Group reported the first half of its 2022/23 financial year has been impacted by the challenging macroeconomic climate. The retailer said its H1 had been impacted by high inflation, significant cost increases, and declining consumer confidence. H1 figures at a glance: Revenue grows 5.7% to €5.266 bn versus €4.98 bn a year ago Operating profit of €123m versus €211m a year ago ...

Flash delivery service Gorilla plans to exit Belgium, as Colruyt starts trialling its home delivery service and Amazon sets up to enter the market. Separately, Delhaize reveals its reducing is private label prices by up to 30% and Russian discounter Mere faces challenges in the market.      Gorilla exits from the market Recently Gorilla the German flash delivery service confirmed they plan ...

As Colruyt Group looks to evolve its strategy and build on its strengths, we round up three developments from the retailer. Colruyt Group acquires stake in meal box company Colruyt Group bought a 41.36% stake in Smarmat from Smarmat’s founders and the Colruyt family’s investment vehicle, Korys, which first invested in the meal box company in 2016. The Group’s investment is between €26m and ...

Belgium’s Colruyt saw flat sales in the first six months of its 2021/2022 financial year. While its revenue fell by 0.2% to €4.981 bn, the retailer reported its gross margin fell to 26.9%, down from 28.1% in the previous financial year. Market share remained stable after recent falls… Colruyt said its market share in Belgium remained stable at 31.0% at the end of the first half of its finan...

As the Colruyt Group looks to regain share it has lost during the pandemic, the retailer has rolled out three innovative initiatives. Colruyt Group trials unstaffed store under Okay Direct banner Colruyt is trialling an unstaffed store under the Okay Direct banner in the centre of Ghent. The retailer said the 150 sq. m store, which stocks about 650 SKUs across both brands and private labels...

As Colruyt expands its use of the Eco-Score label to A-brands and opens a new production facility and Mere delays its entry into the country, we round up news from the market. Colruyt expands Eco-Score to A-brands After adding the Eco-Score to 2,500 private label products to help shoppers understand the environmental impact of food products in Q1 2021 , Colruyt is set to add the label to...

As the Colruyt Group announces a profit downgrade for its 2021/22 financial year, it is continuing to invest in adding new Bio-Planet and Colruyt Professionals stores as it looks to maintain its long-term strategic focus. Colruyt spotlights competitive Belgian market with profit downgrade As part of its AGM Colruyt’s chief executive, Jef Colruyt, said the retailer’s consolidated operating p...

As Colruyt continues to invest in acquisitions and its existing operations as it look to build out its health-focused operations, we round up developments from the retailer. Colruyt Group increases stake in Newpharma… Colruyt Group has bought the shares of minority shareholders, completing a process that began in 2017. In 2017 the Colruyt family’s investment company, Korys, took a 39% stake...

Belgium-based Colruyt reported its annual results for its 2020/21 financial year saying its turnover rose 3.7% to €9.93 bn. The results were impacted by its fuel distribution business DATS 24, which saw a fall in revenue, with Colruyt reporting revenue increased by 6.4% in the year excluding the effects of fuel. Colruyt grew below market average in 2020/21 The retailer said its food banners...

Colruyt Group has acquired Culinoa, which is described as ‘ a foodservice partner [that] guide and supports over 100 large-scale kitchens of healthcare institutions in Belgium ’. The company said the purchase fitted with its ‘ ambition to respond to the evolving needs of professional customers and to promote quality catering ’. Culinoa compliments Colruyt’s Solucious operations Colruyt said...