Europe news & analysis

14 June 2022
SPAR International published its 2021 annual report with a 3.3% growth on global turnover at €41.2 bn, even better against 2019 at +10.7%. Europe’s dominance continues Europe’s responsible for 80% of the global turnover of the SPAR business, reporting positive year on year growth. Western Europe took €25.6 bn in 2021 which was +1.8% year on year and +13.4% vs 2019. Other European markets in...
13 June 2022
Following last week’s IGD Tesco Trade briefing, during which Tesco highlighted the importance of enhanced collaboration to drive efficiency and mitigate the cost-of-living crisis, it has come to light that Tesco is trialing increased levels of palletisation in at least one of its stores to assess how this might impact instore productivity.   The merchandising of products on pallets is, of cour...
09 June 2022
We round up three developments in the market as Tesco receives clearance for its purchase of Joyce’s Supermarkets and SPAR South Africa announces its first half results, discussing BWG’s performance. Tesco receives clearance for Joyce’s acquisition After announcing its intention to purchase Joyce’s Supermarkets in November 2021, Tesco Ireland has received clearance from the country’s Co...
07 June 2022
With estimated sales of €12.5 bn in fiscal 2021, El Corte Inglés has begun to recover following the aftermath of the pandemic, posting sales growth of over 20% on 2020’s figure. The results are, however, still far from the retailer’s pre-pandemic sales of €15.3 bn in fiscal 2019. El Corte Inglés continues to be affected by the poor performance of several of its businesses, particularly the Via...
01 June 2022
The region of Madrid is Spain’s most affluent, boasting per capita income of €32,000, over 35% higher than the national figure of €23,700 (in 2020). The thriving Madrid economy has created an attractive market, which continues to draw investment from nearly all the country’s largest grocers. Retailers continue to perceive the region as a key market in which to showcase their advances, in terms of...
27 May 2022
While most retailers have seen inflation benefit their top line in their latest quarterly performances, many have seen their profitability dip. Unable to pass on the full impact of higher costs to customers, or reduce costs in other parts of their business given the rapid run-up in inflation this year, margins have been impacted. But Costco has fared better. We look at how it outperformed its pee...
24 May 2022
Sonae MC announced its total turnover for Q1 2022 reached €1,294m, an increase of 3.8% compared to 2021 and like-for like (LFL) sales grew by 2.2%. Sales performance Sonae announced its sales growth highlighting a strong performance particularly in its new growth businesses, reaching €234m an increase of 21.9%. The performance was driven by foodservice and health, wellness and beauty format...
23 May 2022
Finiper-owned, Iper has introduced a new private label range, which claims to deliver high-quality products. Meanwhile, SPAR Italy and Esselunga revealed its 2021 results, both reporting an increase in sales. Separately, Coop Italia plans to increase its private label to support shoppers during this increasingly difficult economic environment.  Iper introduces its ‘Patto Qualità Iper’ private ...
23 May 2022
After two disrupted years, rather than a return to normality, the eating out sector is facing a new set of challenges.  The issues outlined in our UK Eating Out Market Forecasts 2022 , such as rising costs, staff shortages and financially-stretched consumers, are shared by many countries around the world.   These significant headwinds may slow recovery, however we anticipate a period of inten...
19 May 2022
Tesco and WWF are to launch an accelerator programme that aims to fast-track sustainability innovation in the supply chain and ultimately cut the environmental impact of food and support UK food security. Innovation Connections aim to help scale improvements Through the programme Tesco and WWF will pair applicant companies with ‘ long-term Tesco suppliers to pitch scale-up projects that app...