Retail and consumer goods industry news

14 March 2013
Leading UK delivered wholesaler Palmer & Harvey and symbol group specialist Costcutter have announced the creation of a partnership to join forces in the supply and support of their combined affiliated store networks, forming a single symbol group with a total of some 2,500 stores. Costcutter to take on Mace franchise Under the agreement Costcutter , with its expertise in the development a...
14 March 2013
Sonae has reported group EBITDA down 0.3% for the year ended December 2012, but growing recurrent EBITDA for its food retail business.  Increased efficiencies boosted market share Despite the difficult macroeconomic environment, and reduction in private consumption mentioned in its full year sales announcement , Sonae said it became more efficient in 2012 and gained market share.  Commen...
14 March 2013
X5 Retail Group intends to increase sales by 11% in 2013. 11% is realistic, says Ducharme The group CEO, Stephan DuCharme, announced today that the Russian retailer is expecting an increase of 11% in sales this year and believes that, following on from 8% growth in 2012, this expectation is realistic. Organic growth Although sales growth has struggled somewhat following a strategy...
14 March 2013
Following the release of its 2012/13 results, we assess Morrisons strategic priorities for the year ahead and what they mean for suppliers. Promotional innovation at the heart of refocused marketing strategy Under new group marketing director Nick Collard, a new approach is already evident with the signing of Ant and Dec to front Morrisons new campaign to highlight its provenance and craft ...
14 March 2013
Spanish discounter DIA has launched its loyalty programme, ClubDIA, in China today. Will be in all Shanghai stores by end June DIA began testing its loyalty scheme in selected Shanghai stores in December 2012.  ClubDIA will be gradually rolled out to all stores in the city by the end of June.  Customers can find out more at www.diatiantian.com .  Key features of the scheme The pr...
14 March 2013
Target is to acquire CHEFS Catalog and the assets of Cooking.com in two separate transactions in order to expand its presence in the cooking and kitchenware market. The new members of the Target family CHEFS Catalog, www.chefscatalog.com, is a direct-to-consumer specialty retailer of cookware, bake ware, cutlery, kitchen tools and cooking utensils aimed at home chefs. Cooking.com is a leadi...
14 March 2013
Latest figures released by Nielsen, covering the 12 week period up to the 2nd March show shoppers are still relying on the discounters to help cut back on their food expenses. Events driving discretionary spend Aggregate sales value growth for the UK's leading supermarkets during the four weeks ending 2nd March 2013 was up 3.2% year on year. This is an increase of 1% on the previous four ...
14 March 2013
Rewe Group has reported revenue growth of 2.7% in 2012, to €49.7bn, and revealed plans to invest €1.5bn in 2013. Modernisation will provide additional impetus this year Alain Caparros, group CEO, said Rewe again plans to invest more than €1.5bn to modernise up to 400 stores in Germany and abroad in 2013. This will include speeding up the conversion of Penny discount stores.  The 2013 ...
13 March 2013
Tesco’s UK managing director, Chris Bush, joins the line up at the IGD Tesco Trade Briefing, taking place in London on April 25. An important time for Tesco Chris Bush, who was promoted to UK managing director in January, is overseeing much development in the UK business, not least the recent launch of Tesco’s coupon-at-till Price Promise initiative. Chris has stated that the intenti...
13 March 2013
Jerónimo Martins has announced that it has opened its first stores in Colombia, in Pereira, as part of its expansion into a new market. First store opened in Paisa region The company’s first five Ara stores and its first distribution centre will be opened in the chosen region due to the logistic advantages that it provides. The company said that the stores will measure between 300 sq m and 60...