Retail and consumer goods industry news

29 August 2013
Woolworths (South Africa) has reported group operating profit up 29.1% for the full year ended June 2013, and confirmed the 23.2% rise in turnover reported at its preliminary announcement in July. Woolworths Food sales grow ahead of market In the second half, despite pressures on South African consumers, group sales continued the strong sales trend begun in the first half. They were ad...
29 August 2013
Following the release of The Co-operative's first half trading figures , we look at how food CEO Steve Murrells has put the foundations in place for a renewal of the business. 1. Aligning store formats with customer missions With the majority of its stores in the convenience sector, The Co-operative's sales are concentrated in a fast growing but increasingly competitive channel. The ex...
29 August 2013
AEON's expanding operational networks in Hong Kong and mainland China delivered revenue growth of 15.9% to HK$4.2bn (US$542m). However, profit declined 80.2% to HK$26.3m (USD3.4m) in the first six months of the year. First half results reflect expanded network and market challenges Healthy double digit growth in revenue was supported by new store openings. AEON now operates 28 stores in sou...
29 August 2013
Slovenia-based Mercator has announced revenue of EUR1.4 billion for the first half of 2013, a decrease of 3.3% versus the previous year.  Mercator has also reported a narrower net loss in the first half of EUR15 million, down from EUR19 million last year. Difficult economic conditions across the region The retailer cited that the decline in revenue could be attributed to ‘difficult econom...
29 August 2013
Carrefour has reported net sales growth of 1.4% for the first half 2013 and recurring operating income growth of 7.7% (both at constant exchange rates). 'Much improved performance' in France offsets weakness in southern Europe Sales in France came in at -0.3%, with food sales remaining firm. Recurring operating income was up 75.4% and Carrefour said profitability was good in all form...
29 August 2013
Finnish retailer S Group has revealed its first half trading results, with sales increasing by 1.4% to over €5.5bn, as profit declines by 30% to €60.6m. Performance in supermarkets and agriculture contributed to overall growth The supermarket trade, which represents the largest share of S Group’s total retail sales saw sales increase by 3.9% to €3.8bn. 14 new store openings contributed to sal...
28 August 2013
Health and beauty retailer Boots has announced a deal with the NAAFI (The Navy, Army and Air Force Institutes) to supply British troops with “everyday” health and beauty products. Initial roll out in Germany Initially the deal has been rolled out to British troops in Germany but will later move into other countries around the world. The products went on sale in four of NAAFI’s largest store...
28 August 2013
SPAR South Africa is planning to open a store in Angola in the next six months, with a local partner, according to press reports quoting the group's financial director. Store will open in Angolan capital, Luanda Speaking to Bloomberg, the retailer's finance director Mark Godfrey said SPAR  was working with an unnamed Angolan partner to open a store in the country's capital. He was quoted:...
28 August 2013
Rewe Group is growing its Billa online offer in Austria to meet increasing customer demand for online grocery shopping. Online offer boosted to 5,000 products With around 1,000 shoppers using the Billa online shopping service, the retailer has acknowledged that “the demand for internet shopping is increasing”. Acting on this, the group is adding 500 products to its existing 4,500 online ...
28 August 2013
Sales at B&M Bargains increased by 31% to £935.2m in the 12 months to 31 December 2012 as the popularity of the high street discounter continued to rise. Strong profit growth B&M Bargains also recorded impressive growth in profits in the newly filed accounts at Companies House. Operating profits grew 73% from £49.2m to £85m, while pre-tax levels showed similar growth, jumping 76%, from £47.5m...