Retail and consumer goods industry news

Costco’s net sales over the third quarter increased by 7.8% to $23.6bn, with comparable store sales increasing by 7% (ex-fuel and currency impacts). Net income over the period increased by 18.9% to $459.0m. Increased visit frequency driving sales growth Costco delivered another strong quarter, driven predominantly by a stronger visit frequency while average transaction remained broadly fla...

Following the announcement of Morrisons new partnership with Ocado, we assess Morrisons three main routes to faster growth. Ocado deal resolves online question The new partnership with Ocado will enable Morrisons to at last benefit from the rapid growth of the online market. The deal, which will see Morrisons use half the capacity of Ocado's new Midlands Customer Fulfilment Centre and...

In an interview with LSA, Carrefour's chief executive, Georges Plassat, has discussed the retailer's recent initiatives and what this means for it in the short to medium term. Carrefour to be built on three geographic pillars Plassat stated that Carrefour had expanded globally too far, which had stretched its resources, with the recent disposals easing 'the financial pressure off the com...

FoodHolland reports that Netherlands-based Detailresult, the parent company for the Dekamarkt and Dirk van den Broek chains, amongst others, saw steady sales in 2012. Sales similar in 2012 versus 2011 Detailresult’s financial results came as part of a filing at the Chamber of Commerce and showed that Detailresult had generated sales worth €1.78 billion in 2012, versus €1.8 billion in the prev...

Lidl & Schwarz is the world's largest discounter, with a turnover of €66.5bn in 2012 and strong growth of 4.4% forecast for 2013. However Lidl's global growth has been uneven and in some of its more mature markets growth is slowing. Across its markets Lidl has stayed true to its unique combination of quality and value, but it is when these characteristics are combined with the right local tai...

UK convenience retailer and newsagent Martin McColl has announced an increase in group turnover, driven by robust LFL growth and new store openings. Landmark reached in store portfolio makeup   Martin McColl has announced turnover grew by 5% to £844.7 million for the 52 weeks ending 25th November 2012, with group net like-for-like sales up 2.6%. During 2012 the retailer also reached the k...

Tesco has announced PJ Clarke as its new CEO for its business in Ireland, replacing Tony Keohane who will now become the Chairman for Tesco Ireland. New CEO will bring considerable Tesco experience to the role After seven years in the role, Tony Keohane will step aside at the beginning of July for PJ Clarke to take over. PJ Clarke joined Tesco in 1974 and for the first part of his career he...

Following continued price cutting by main rival Coles, Australia's market leading retailer has moved to cut the price of hundreds of family essentials across its stores. 'Every Day Value' on family essentials The new campaign called 'Every Day Value' sees the retailer introduce price reductions on customers' most popular products, with some lines seeing reductions  of up to 33%. Woolworths ...

Belgium-based Louis Delhaize has made a number of changes to its banner management team in its home market and in France. New appointments in France The retailer has announced that from June Patrick Bonislawski, former banner director at Match France, will become managing director of Cora France, while Louis Bouriez will take over the management of Match France. Changes at Delitraiteur in ...

Système U is testing a new Drive concept at one of its hypermarkets in Rennes, Brittany. Concept combines two elements The concept being tested at the 5,200 sq m Hyper U in Châteaugiron, as reported by Olivier Dauvers, combines two elements: in-store picking for fresh produce and a separate, dedicated picking zone of 700 sq m, in a stockroom area at the back of the store which contains 3,5...