Retail and consumer goods industry news

22 January 2013
India's Reliance Industries Limited announces outstanding results for its retail division with turnover growing over 44% to Rs 7,749 (USD 1.4bn) in the first nine months of the year. Coinciding with this news, the company outlined plans to consolidate its eight retail units. Strengthening its multi-format portfolio The company highlighted a strong start to the festival season and improved pr...
22 January 2013
Carrefour’s franchisee for the Middle East, North Africa and Central Asia, Majid Al Futtaim, has announced that sales through its Retail division rose by 8% during 2012. Sales aided by growth in store numbers During 2012 Majid opened seven hypermarkets and seven supermarkets, bringing its total store base to 90. The new stores helped drive sales growth by 8% to AED17.8 billion. In the compa...
22 January 2013
Walmart Canada has announced plans to invest $450m in completing at least 37 Supercentre projects and expanding its distribution network in 2013. A return to normal growth rates This rate of expansion, which will see Walmart Canada add around 1.4m sq ft of retail space, is fairly consistent with its goal of opening between 35 and 40 new Supercentres each year. These typically include a mi...
21 January 2013
Tesco has launched its latest dotcom only warehouse store in Crawley, as it continues to build home delivery capacity through this format. A growing network delivering improved service The new dark store opened for trade on 21 January adds to those already operational in Aylesford (near Maidstone), Croydon, Edmonton and Greenford. Tesco continues to build its network of dark store wareho...
21 January 2013
Russian retailer O'Key has revealed net retail revenue of RUB115,922m for 2012, up 25.7% year-on-year, and revenue of RUB34,851 for Q4, up 24.5%. Dixy has also reported 2012 figures this week - click here for the details. Delivered on targets set Like-for-like sales were a particular highlight. Good progress in LFL sales throughout the year ended with growth of 7.5% in Q4. Average basket ...
21 January 2013
Discount retailer Aldi has today reported its most successful Christmas ever in the UK, citing the expansion of premium range products as a key sales driver. Premium ranges help drive sales In the 12 weeks to the 23rd December 2012, Aldi's year-on-year sales increased by 30.1% according to Kantar, far faster than any of its competitors, as shoppers responded enthusiastically to its strong v...
21 January 2013
New CEO Steve Murrells is to launch a new five year strategy to boost the retailer's sales and "get back to basics", and reshuffles his senior team. Five year plan to get the business back in to growth After posting encouraging Christmas results , CEO, Steve Murrells has announced his new plan to improve the shopping trip for customers at the retailer's food stores. Over the last six mont...
21 January 2013
Nisa has reported a 0.7% increase in sales through its central distribution services in the 39 weeks from April to December, lifted by a significant increase in volumes and new members. Sales and volume increase In addition to a strong like-for-like performance, volumes rose by 9.7% over the same period. Finance Director Simon Webster commented "The current trading environment is proving ...
21 January 2013
Following the departure of Tony Buffin, Coles have appointed Rob Scott as its new finance director. Internal appointment shows strong management pipeline Rob Scott will move from his current position as Managing Director of Wesfarmers insurance, to head up the finance division at Coles . The move follows the decision of outgoing Coles Finance Director, Tony Buffin to take a senior role a...
20 January 2013
Ukrainian supermarket chain, EKO Market achieved substantial growth in 2012 24.5% increase in turnover In 2012 EKO achieved a 24.5% sales increase compared to 2011, generating sales of US $3.75bn. The retailer opened 20 new supermarkets during the year which will have encouraged such a positive performance. Expansion in 2013 Alexander Ferenets, EKO Managing Director, has announced t...