Retail and consumer goods industry news

18 March 2013
In advance of releasing its full year results later this week, Metro Group has announced Frans Muller, CEO of Metro Cash & Carry, is to leave the business. Simplifying top mananagement In a change to organisational structure, the business's supervisory board has taken the decision to consolidate the positions of CEO of Metro Group and CEO of the Cash & Carry division. As a result...
18 March 2013
China's Sun Art Retail Group has reported turnover up 14.3% for the year ended 31 December 2012, and same store sales growth of 3.3%. New stores driving growth Sun Art Retail opened 43 stores across China during the year, of which nine were under the RT Mart fascia and 34 under Auchan.  The majority were in eastern China (12), followed by 10 each in central and southern China, four each in ...
18 March 2013
Retailer Martin McColl is to open 150 new convenience stores over the next two years A growing force in convenience  Martin McColl has announced a debt refinancing deal worth £126.5 million which will help it add 150 new convenience stores to its estate. The retailer has 1,260 stores, of which over 650 are branded as convenience. Over the last seven years Martin McColl has doubled the numb...
15 March 2013
German discounter Norma increased sales by 5.8% in 2012, to €2.6bn, according to local press reports. Momentum continuing despite economy These results follow increases of 3.7% in 2011 and 5.2% in 2010.  They are down to a strong focus on the food ranges and modernisation of the store network, according to German trade press reports. Norma has refreshed between 70 and 80 stores per year...
14 March 2013
Two new initiatives have been launched in Carrefour's Chinese stores, appealing to shoppers' interest in fresh, healthy and safe foods. Putting local shoppers at the heart of the business Last week CEO Georges Plassat announced stable results for Carrefour's  operations in China and Taiwan. At the same time he stressed the importance of understanding local shoppers in order to compete wi...
14 March 2013
India's Future Group is developing a cash and carry format in partnership with Hong Kong's Li & Fung Group, the Economic Times reports. Launch expected in the next three months The companies are already in partnership in logistics and supply chain under the subsidiary Future Supply Chain Solutions. It is expected that Li & Fung will hold a 26% stake in their latest joint venture, though a ...
14 March 2013
Casino's partner in Thailand, Big C reported full year sales of 112.1bn baht, an increased 9.3% and a growth in net income of 15.9%. The retailer is exploring a dual strategy of accelerating expansion and offering a differentiated way to shop in order to maintain growth in an increasingly competitive market. Developing a multi-format portfolio Hypermarkets continue to be Big C's primary ...
14 March 2013
The Competition Commission has announced its summary of provisional findings from its investigation into the acquisition of Makro by leading UK wholesaler, Booker.  These indicate that it has found no significant case against the deal on competition grounds, and therefore it is likely to recommend that Booker may proceed with integration without the need for disposals or other remedies. No lesseni...
14 March 2013
If there’s one category which lends itself to adopting new technology very quickly, it has to be health & beauty. Whether it’s online or in-store, shoppers are rapidly taking to new digital applications. Pharmacies recognise patient benefits In pharmacies, patients can now get health and wellness advice in store, in the US, companies including CVS and Walgreens have developed apps for ...
14 March 2013
Ocado has reported a gross sales increase of 14.4% for the 12 weeks to 24 February 2013. In more significant news, it has announced it is in discussions with Morrisons to license certain parts of its technology and operating knowledge for the purpose of Morrisons commencing online operations. Sales momentum continues into 2013 Ocado updated on Christmas trading mid-January and today's int...