Switzerland news

08 July 2022
This Tuesday (5 July), FEMSA, a Mexican Coca-Cola bottler and convenience store operator, announced its all-cash offer to acquire Swiss convenience and foodservice retailer Valora. The deal is subject to regulatory approval, but if approved, FEMSA has agreed to purchase all the publicly held shares of Valora Holding AG for 260 Swiss francs per share, totaling CHF1.1 bn (€1.1 billion). It expect...
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...
20 January 2022
Across all its operations, Migros has grown sales by 2.2% to CHF28.85 bn in 2021. Core business performing well Across the grocery business, Migros generated sales growth. Denner, its discount banner grew by 1.3% to CHF3.8 bn and convenience banner Migrolino grew by 4.3%. Migrol increased sales by 18.3% to CHF1.45 bn, driven by rising oil prices. Supermarkets and hypermarkets saw sales fall...
10 January 2022
Its retail sales have grown to CHF19.6 bn (€18.8 bn) in 2021, up 2.6% on 2020. Wholesale driving growth Sales in the wholesale and production division were up 8.4% to CHF13.4 bn (€12.9 bn), with the Transgourmet business performing particularly well. Sales in the supermarket channel were roughly in line with last year, at CHF12.1 bn for the year (€11.6 bn), including the online grocery busi...
15 November 2021
Valora has a multiformat strategy with eleven trading banners and more than 2,600 stores in Switzerland, Germany, Austria, Luxembourg and the Netherlands. We highlight the retailer’s latest innovations for inspiration. Sales is recovering in-line with easing of restrictions and mobility… Valora expects to return to pre-pandemic profitability within the next six months. Source: IGD R...
15 November 2021
Carrefour plans to become net zero by 2040, while Lidl Switzerland said it had reduced its carbon footprint by 11%. Furthermore, we look at retailers adopting the environmental labelling system, Planet-Score. Finally, Metro completed phase one of its food waste prevention initiative, with over 30 suppliers committing to the project. Carrefour sets carbon neutrality target Carrefour plans to...
13 July 2021
With private label share of sales rising across much of Western Europe, we’ve published a series of three brand new reports for IGD Retail Analysis subscribers: Private label in Europe Private label trends in Western Europe 10 retailers winning in private label in Western Europe Here are some of the key highlights: 1. France, Portugal and Spain are am...
26 April 2021
As retailers look to differentiate and drive loyalty through the private label ranges we look at five innovations from Western Europe. Intermarché updates its Top Budget brand Intermarché has revamped its entry level Top Budget private label. The range of 600 products has had its packaging updated, with a new logo used to improve on-shelf visibility. A focused investment on nutrition and t...
18 February 2021
South Africa-based SPAR Group reported sales growth of 9.8%, to ZAR42.99 bn (US$3.0 bn), during the 18-week period to the end of January 2021. The Group enjoyed growth across all its country operations, with a strong advance in performance seen in Poland. Growth in South Africa impacted by lost liquor sales In its home market SPAR reported group sales growth of 3.4%, with its performance af...
21 January 2021
Switzerland-based Migros has reported Group sales rose 4% to CHF29.8 bn (US$33.5 bn), with retail sales outperforming. Migros said retail sales, which were driven by its growth online, increased by 7.2% to CHF24.2 bn (US$27.2 bn). Pandemic underpins sales growth in Switzerland Migros said its growth in 2020 was underpinned by changing shopper behaviours, which pushed its online channel’s in...