Colruyt news

Alain Caparros, CEO of Rewe Group, has been named head of the buying group Core, according to German press reports. Rewe is largest partner in the group Core is comprised of Rewe, Coop Schweiz, Colruyt and Conad and was formed following the departure of Leclerc from the buying group Coopernic in late 2013. As the largest partner in the group, Rewe takes the lead on the board. Gianluigi Fe...

Belgium-based Colruyt has announced results for the first half of its financial year, saying that revenue was up 4.6% to €4.25 billion. Investment in price continues Colruyt noted that its investment in price continued in both its home market of Belgium and France, which helped underpin its revenue growth of 4.8% to €3.22 billion in its retail division. In Belgium the retailer said that it...

Belgium-based Colruyt has opened the first of its fourth generation stores in Halle, a development that sees a number of changes made to the store format. Evolution leads to removal of specific in-store features The new store provides shoppers with clearer pricing, clearer aisles through the removal of ladders from the store and the elimination of paper order forms for purchasing meat from th...

Belgium-based Colruyt will, according to Storecheck Magazine, open its first ‘fourth generation’ store in the town of Halle, in its home market, before the end of 2013. New store will not be a ‘revolution’ According to Frans Colruyt, who was interviewed for the magazine, the store will ‘ will not be a revolution. We won’t change the foundations, but we do have to keep the concept fresh ’. ...

Leclerc has left the Coopernic buying alliance due to "irreconcilable differences" according to a statement by Rewe Group. New alliance to comprise Rewe, Colruyt, Conad and Coop Schweiz According to the statement by Rewe, Leclerc is separating from the other members of the group due to irreconcilable differences over the alliance's future shape and direction. The existing rights, obligat...

Belgium-based Colruyt has announced first quarter results for the period ending 30 June saying that consolidated revenue increased by 2.8% to €2.1 billion, aided by its 'consistent application of the lowest prices strategy'. Colruyt banner drives growth The retailer's performance was driven by its Colruyt banner, where revenue grew by 3.4% to €1.6 billion. Colruyt said that its shoppers rem...

Belgium-based Colruyt has announced annual results for the year ending 31 March saying that revenues had risen by 5.9% to €8.3 billion, with comparable sales up by 6.2%. Sales rise at all divisions The retailer said that its retail division had enjoyed sales growth of 5.2% to €6.3 billion. Its Colruyt brand saw the same rate of sales growth, to reach €5.2 billion, aided by the addition of n...

Belgium-based Colruyt has announced plans to launch a new umbrella private label brand called ‘Boni Selection’. New brand to unify a number of private labels The retailer has said that ‘Boni Selection’ will replace more than 50 existing private label brands and will come with new, distinctive packaging and will stand for ‘ affordable, homely quality products ’. Colruyt went on to say that the...

The Belgian discounter has reported sustained sales growth for the nine months to 31st December, 2012. Fuel continues to outgrow food Total group sales grew by 6.1% to €6.26bn in the period 1st April to 31st December, while retail sales grew slightly behind this, up 5.1% to €4.75bn.  Colruyt attributes the growth to strong year-end sales and a series of additional discount campaigns which s...

Belgian discounter Colruyt has appointed Marc Hofman of the Ter Beke Group as its new Chief Financial Officer. Well placed experience Hofman will take up the position from 1 April 2013 and brings with him plenty of relevant experience. Previously he has worked as an auditor with Arthur Andersen, and as CFO with SUN International Group. Jef Colruyt, CEO of  Colruyt Group commented "His expe...