Europe news & analysis

12 May 2022
After Tesco’s chief executive, Ken Murphy, discussed the part it was aiming to play by creating better baskets for its customers and the planet, the retailer has brought the initiative to life in store. Better Baskets logo to help shoppers make better choices Under the initiative, which was discussed in March 2021, Murphy set out how Tesco was aiming to reach its net zero climate target in ...
12 May 2022
As the Co-op launches a new click and collect solution and retailers add or extend quick commerce partnerships, we round up news on the UK’s ecommerce channel. Co-op trials new click and collect solution Co-op has launched a new service at its store in Lewes Road in Brighton, due to it being one of the retailer’s busiest for click and collect orders through its own store and the Deliveroo a...
06 May 2022
Asda has launched a new price match initiative against Home Bargains, in a move that demonstrates how much of a threat the fast expanding variety discounter has become to the UK’s third largest grocer. Source: IGD Research Price Matching on over 100 lines Home Bargains Price Match extends to over 100 popular branded lines stocked by the variety discounter. While the focus is v...
06 May 2022
Spanish cooperative Eroski posted gross sales of €5.1 bn during fiscal 2021, a 4.8% decrease on 2020’s figure. The fall was attributed to COVID-19 restrictions, which were in place during parts of 2021. These affected sales at Eroski’s petrol stations, travel agencies, and its operations in tourist regions, such as the Balearics. However, despite the fall in sales, the turnover from food-based...
05 May 2022
Tesco is to partner with Uber Eats, which will see the latter’s network of couriers deliver orders as part of Tesco’s Whoosh one-hour delivery service. Orders to be made through Tesco’s digital channels The partnership will see Uber Eats simply deliver the orders on behalf of Tesco, with orders still being made through Tesco.com or the retailer’s Grocery and Clubcard apps, rather than on Ub...
04 May 2022
Jerónimo Martins has announced its Q1 2022 results, revealing a positive performance across all countries where it operates, Colombia, Poland, and Portugal. Sales performance Jerónimo Martins’ consolidated sales increased by 15.2% to €5.5 bn compared to Q1 2021. Group EBITDA increased by 15.5% to €372m, a strong first quarter considering high and increasing inflation across all operating ma...
04 May 2022
Marks & Spencer (M&S) launched an impressive new concept store in a former Debenhams department store site. The M&S ‘store of the future’ was opened on the Roaring Meg retail park in Stevenage on Thursday 28 April 2022. The 75,000 sq. ft M&S store overs two floors, with the food hall, women’s clothing and a beauty department on the ground floor and homeware, baby and kids wear, an opticians, a...
03 May 2022
According to a report by The Wall Street Journal, Couche-Tard and EG Group could potentially merge, with the latter valued at around US$16bn. Where do the two businesses overlap? The convenience market in the U.S is highly fragmented, with approx. 150,000 stores trading. Couche-Tard is the second largest operator with about 7,150 sites, while EG has approx. 1,700 stores. The merger could he...
29 April 2022
As discounter DIA continues rolling out its new store concept and franchise model in Spain, the company has published its Q1 2022 results, posting net sales of €1 bn in its home market, 4.2% less than a year earlier. Like-for-like sales decreased by 1.8%, while the company’s store count contracted by 4.6% compared to March 2021. A shrinking store count and market share The last few years ha...
28 April 2022
Sainsbury’s has just revealed encouraging preliminary results but warned of the impact of external challenges on the business in the year. In this article, senior retail analyst Nick Gladding highlights five areas of focus for the new financial year. Results in brief Retail sales: +3.4%, ex fuel -2.6% Grocery sales: -0.2% y-o-y (+7.6% on 2019/20) General merchandise sales: -11.9% (...