Retail and consumer goods industry news

11 September 2013
Japanese retailer AEON plans to open six new hypermarkets to further boost its presence in the Malaysian market. New stores to unlock long-term growth prospects for AEON The six new stores are scheduled to open between 2014 and 2016, to be located in secondary towns in Johor, Kedah, Kelantan, Perak, Selangor and Terengganu, The Star newspaper reports. AEON plans to capture growth in the ma...
11 September 2013
Walmart de México y Centroamérica has announced an agreement with Alsea, under which Alsea will acquire 100% of the retailer's restaurant division, VIPS. Part of Walmex's plan to simplify operations Walmex's restaurant division operates under various banners: VIPS, El Portón, Ragazzi y La Finca. The transaction, worth MXN8.2bn, has yet to be approved by regulatory authorities. Alsea will...
10 September 2013
Waitrose has reshuffled its senior team with two key appointments, according to Retail Week. Ben Stimson to be director of retail operations North Ben Stimson, who has been director of retail services at Waitrose since March 2012, will take up the role of director of retail operations north next month. He replaces Mark Wilson who has joined the board of Midcounties Co-operative as general ma...
10 September 2013
Portugal-based Jerónimo Martins has announced that it is planning to invest €1.4 billion over three years in its Poland-based operations, Biedronka. Investment to grow presence to more than 3,000 stores The announcement came from Jerónimo Martins’s chief executive, Pedro Soares dos Santos, who said that the retailer was looking to invest ‘approximately PLN2.1 billion [in 2013], and are likely...
10 September 2013
The Co-operative has made two major enhancements to its own brand ranges, including the rollout of its first 'Loved by Us' lines. Chilled ready meals range about to launch On September 16th, the Co-operative will completely relaunch its chilled ready meals offer with 47 new lines added to the range and improvements made to 80 existing lines. The Co-operative says the lines have been benchmarked...
10 September 2013
Botswana-based Choppies has announced that the purchase of rival Supasave will help it drive revenue and profit growth in its forthcoming financial year, ending June 2014. Acquisition to drive revenue Speaking about the company’s next financial year, Choppies’ marketing manager, Otsile Marole, said that it hoped the acquisition would drive revenue growth of at least BWP200 million (US$23.3 mi...
10 September 2013
Latin American wholesaler PriceSmart is to open its first store in the Colombian capital, Bogotá, in 2014 say local press reports. Expanding network in Colombia Although PriceSmart has clubs in Colombia already, with its most recent opening in Cali in May 2013, this would be its first venture into the capital. According to reports, the retailer has purchased a plot of land to the west of Bog...
10 September 2013
Albertsons has announced plans to acquire Texas based United Supermarkets LLC. Profile: United Supermarkets Regionally based United currently operates 50 traditional, specialty and Hispanic grocery stores under its United Supermarkets, Market Street and Amigos banners, and seven convenience stores and 26 fuel centres under its United Express banner. United also operates two divisions, R.C. T...
10 September 2013
Tesco has announced the divestment of its Fresh & Easy operations in the US to Yucaipa, a US-based investment firm with a history of investing in retail businesses. 150 stores, DC and production facilities included in the deal As part of the deal, Yucaipa will acquire more than 150 stores, and Fresh & Easy’s distribution centre and production facilities in Riverside, California. Tesco wi...
10 September 2013
Asda has undergone a major overhaul of its "free-from" range as it looks to capitalise on strong growth in the category. Range review on "free-from" products As part of a range review Asda has introduced almost 100 new products to its offer. These include SKUs from branded manufacturers such as Amy's Kitchen and Heinz, in addition to 27 new private label lines. Part of the Chosen By You...