Colruyt news

25 June 2015
Belgium-based Colruyt has announced full year results saying that revenues rose 3.1% to €8.9 billion, with its profits affected by the paying of a €31.6 million fine to the Belgian Competition Authority. The retailer said that ‘ continuous investments in the essence of [its] strategy ’ continued to underpin its winning position in the market. Belgium: gains made, despite challenging conditions...
30 March 2015
As Belgium-based Colruyt is set to accelerate the roll-out of its mobile payment solution, the launch of a new convenience concept and the introduction of the new logo it is set to use across its SPAR stores, we round up news from the retailer. New convenience store format to be launched Following on from the introduction of the Cru format in October 2014, Colruyt has said it is set to laun...
19 January 2015
Belgium-based Colruyt has appointed Chris Van Wettere as the General Manager of its Colruyt banner, with the change of position coming effective on 1 March. The change of role for Van Wettere will lead to other changes at general managers at other of Colruyt’s banners. Appointment fills role created by departure in 2014 Colruyt said that the appointment of Van Wettere fills a gap that was cre...
25 November 2014
Belgium-based Colruyt has announced revenues rose 3.9% to €4.4 billion in the first half of its financial year. The performance came despite the retailer saying that ‘ sales prices were under pressure because of price deflation, strong competition and the choice of the consumer for cheaper products ’, which meant that value sales growth lagged volume. Colruyt banner grows revenue by 3.4% Co...
01 October 2014
Colruyt has unveiled a new quality and food-focused concept called Cru, which will open in late November in Overijse, Flanders. Simplicity will be essence of store The range at Cru (which means raw) will be very much fresh-focused, with products such as home-made dishes, freshly baked bread and home-roasted coffee among the assortment. Provenance and regionality will be important, with sto...
24 September 2014
Belgium-based Colruyt has created Colruyt Group Fine Food, a new department that will combine the management teams of its various production plants and help it generate ‘greater synergies and efficiency gains’. Focus on costs to support low price operation Colruyt’s vertically integrated operations help it minimise costs in its buying operation and underpins its everyday low cost and everyday...
08 September 2014
As Belgium-based Colruyt announces plans to enable shoppers to pay with their mobiles, we round-up news from the retailer. Colruyt to launch mobile payments in two stages The retailer said that through the use of Seamless’s mobile wallet SEQR technology it would enable shoppers to pay on the web sites of its non-grocery banners Collishop, Dreamland and Dreambaby using their mobile phones. Mea...
24 June 2014
Belgium-based Colruyt has announced full year results for its 2013/14 financial year saying that revenues rose by 4.1% to €8.65 billion, despite what it described as a ‘ highly competitive and promotional market ’. Slowing pace of revenue growth as year progressed Colruyt said that the pace of revenue growth slowed as the financial year progressed, with it benefiting from revenue growth of 4....
23 May 2014
French retailer Système U is to join buying group Core, whose members comprise Rewe Group, Colruyt, Conad and Coop Schweiz. Système U to join in January 2015 Core launched in February 2014 and is made up of the former members of Coopernic, minus Leclerc which left the buying group in 2013. The addition of Leclerc means it is present in 18 countries across Europe. Serge Papin, president of Sy...
14 February 2014
Conad, Colruyt, Coop Schweiz and Rewe Group have launched the new alliance, Core, established following Leclerc's exit from Coopernic. Board consists of eight members Headquartered in Brussels, Core operates under the legal jurisdiction of a Belgian co-operative company and is present in 18 European countries via its four partners. The four retailer partners combined have a turnover of ...