Europe news & analysis

11 March 2022
Consumer prices rose 7.6% year-on-year in February in Spain, the highest level since 1986. The increase in prices was driven by a perfect storm of rising costs across most industries, but especially energy and food. In relation to food, there have been increasing production costs that affect the entire food chain, from farmers to food producers and retailers, which is prompting a steep rise in...
10 March 2022
Jerónimo Martins has announced its FY2021 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Positive sale growth Jerónimo Martins saw sales grow 8.3% to €20.9 bn in 2021, with like-for-like (LFL) sales rising 8.0%. The retailer revealed the positive results were supported by the cumulative effect of all banners and their drive ...
09 March 2022
2022’s official Fairtrade Fortnight ran from 21 February to 6 March. We look at how three retailers and quick commerce operator Zapp promoted Fairtrade products and supported the event. What is Fairtrade? The Fairtrade Foundation defines Fairtrade as, ‘a system of certification that aims to ensure a set of standards are met in the production and supply of a product or ingredient. For farme...
03 March 2022
Poland’s leading retailer Biedronka and the Jeronimo Martins group were among the first retailers to react to the Ukraine crisis. Netto Poland and Circle K are also supporting refugees entering the country. All these retailers are showing their support during this difficult time for the people of Ukraine. Donation of €7 million for humanitarian aid Jeronimo Martins announced it will donate ...
02 March 2022
As Intermarché announces it will Mestdagh’s Carrefour stores, Louis Delhaize discusses plans for a rebranding of its Smatch and Match supermarkets and organic specialists Färm and Ekoplaza discuss merger opportunities, we look at the changes set to affect the market in the medium term. Intermarché to acquire Mestdagh’s Carrefour stores Intermarché is to acquire Mestdagh’s 87 Carrefour Marke...
28 February 2022
Système U saw its turnover, excluding fuel, rise by 2% in 2021, to €22.97 bn. Including fuel, the cooperative saw its turnover increase by 6.6%, to €28.6 bn. Proximity formats and ecommerce drive performance Système U saw the turnover of its convenience stores and online channel underpin its growth, with its hypermarkets and supermarkets growing slower. However, on a two-year basis, Système...
25 February 2022
Auchan Retail reported its turnover was down by 1%, to €30.5 bn, or by 2.2% on a like-for-like basis. The retailer said its results were impacted by continued challenges in France, while following strong growth in 2020, Auchan’s results in 2021 in Spain and Portugal ‘ suffered by comparison ’. France: total sales down 2.6%, down 4.6% on a like-for-like basis Auchan’s hypermarkets continued ...
25 February 2022
France’s Casino reported group net sales fell 0.8% in 2021, at constant exchange rates, dragged down by its performance in its home market. On a two-year basis Casino said sales were up 6.9%, although even here sales in France were down, with its operations in Latin America offsetting the challenges it is seeing in its home market. France: all banners suffered fall in sales in 2021… Reporti...
24 February 2022
In an article in Le Figaro, Michel-Edouard Leclerc has discussed the retailer’s performance in 2021, saying it had seen revenue growth of 3%. Growth in 2021 comes after a contraction in 2020 Revenue growth of 3% in 2021 follows on from a contraction of 0.8% in 2020 in France, to €40.9 bn, excluding fuel. The company’s 2020 results were impacted by challenges at its hypermarkets, which suffe...
24 February 2022
As SberMarket announces its full year results and its parent company Sber and X5 discuss their on-going cooperation, we round up news about grocery ecommerce from across the region. SberMarket tripled turnover in 2021 in Russia… SberMarket, which is part of the Sber ecosystem, reported its turnover tripled to RUB58.6 bn (US$732.8m) in 2021, including VAT and excluding promotions. The comp...