Colruyt news

16 December 2021
Belgium’s Colruyt saw flat sales in the first six months of its 2021/2022 financial year. While its revenue fell by 0.2% to €4.981 bn, the retailer reported its gross margin fell to 26.9%, down from 28.1% in the previous financial year. Market share remained stable after recent falls… Colruyt said its market share in Belgium remained stable at 31.0% at the end of the first half of its finan...
18 November 2021
As the Colruyt Group looks to regain share it has lost during the pandemic, the retailer has rolled out three innovative initiatives. Colruyt Group trials unstaffed store under Okay Direct banner Colruyt is trialling an unstaffed store under the Okay Direct banner in the centre of Ghent. The retailer said the 150 sq. m store, which stocks about 650 SKUs across both brands and private labels...
27 October 2021
As Colruyt expands its use of the Eco-Score label to A-brands and opens a new production facility and Mere delays its entry into the country, we round up news from the market. Colruyt expands Eco-Score to A-brands After adding the Eco-Score to 2,500 private label products to help shoppers understand the environmental impact of food products in Q1 2021 , Colruyt is set to add the label to...
04 October 2021
As the Colruyt Group announces a profit downgrade for its 2021/22 financial year, it is continuing to invest in adding new Bio-Planet and Colruyt Professionals stores as it looks to maintain its long-term strategic focus. Colruyt spotlights competitive Belgian market with profit downgrade As part of its AGM Colruyt’s chief executive, Jef Colruyt, said the retailer’s consolidated operating p...
12 July 2021
As Colruyt continues to invest in acquisitions and its existing operations as it look to build out its health-focused operations, we round up developments from the retailer. Colruyt Group increases stake in Newpharma… Colruyt Group has bought the shares of minority shareholders, completing a process that began in 2017. In 2017 the Colruyt family’s investment company, Korys, took a 39% stake...
16 June 2021
Belgium-based Colruyt reported its annual results for its 2020/21 financial year saying its turnover rose 3.7% to €9.93 bn. The results were impacted by its fuel distribution business DATS 24, which saw a fall in revenue, with Colruyt reporting revenue increased by 6.4% in the year excluding the effects of fuel. Colruyt grew below market average in 2020/21 The retailer said its food banners...
27 April 2021
Colruyt Group has acquired Culinoa, which is described as ‘ a foodservice partner [that] guide and supports over 100 large-scale kitchens of healthcare institutions in Belgium ’. The company said the purchase fitted with its ‘ ambition to respond to the evolving needs of professional customers and to promote quality catering ’. Culinoa compliments Colruyt’s Solucious operations Colruyt said...
26 March 2021
Trade publication Lebensmittel Zeitung has reported that Edeka is to leave the AgeCore buying alliance. The step follows its establishment of the Everest alliance with Netherlands-based, pureplay retailer Picnic. Short term uncertainty likely to be resolved in 2021 Although Edeka’s departure has not been completed, as talks are on-going about the sale of its shares, if it is confirmed i...
26 March 2021
As the Colruyt Group launches Deals! and rolls out several sustainability-focused solutions we round up news from the retailer. Colruyt Group launches new online promotions platform The Colruyt Group has launched Deals!, a dedicated site that will focus on providing ‘ strong volume promotions on a changing selection of A-brand products ’. The company said the site and promotions will be in ...
16 December 2020
Colruyt reported its first half results, with revenue rising by 5.7% to €4.99 bn. However, the retailer said its growth was below that for the market as shoppers’ changing buying habits saw ‘ neighbourhood store concepts in particular experienced faster growth during the COVID-19 period, in part due to their greater number and therefore proximity ’. Underlining the difference in performance, C...