Global retailing news

25 August 2016
Following Shoprite’s full year results statement, South Africa-based Massmart and Woolworths have announced half year and full year results respectively. Woolworths’ FY growth driven by food… Despite highlighting the challenging market backdrop in both South Africa and Australia, Woolworths said group sales rose 16.4% to ZAR72.1 bn (US$5.1 bn). In its home market Woolworths said its perform...
25 August 2016
Australia's market leading retailer has reported that its FY2016 sales declined 1.2% to AU$58,086m, with EBIT (before significant items) also down 35.5% to AU$2,564m. Australian Food sales down 0.2% to AU$34,798m Woolworths Australian supermarkets recorded a 1.3% decline in like-for-like (LFL) sales in FY2016, driven by both significant price investment, but also a decline in items per ...
25 August 2016
South Korean retailer E-mart has announced that it has signed an agreement to supply its private label items to Metro China. Diversify distribution channels E-mart is the largest discount retailer in South Korea with strong private label range. It will introduce four items from its No Brand range to Metro China stores from September. This is the first time E-mart is exporting its private...
25 August 2016
Ahead of its first set of results as a combined company, which will come in the third quarter, Netherlands-based Ahold and Belgium-based Delhaize have announced separate second quarter results that underline how both companies went in to the merger in a very strong position. Ahold performance driven by the Netherlands Ahold saw strength across all its operations, maintaining the positive pe...
24 August 2016
Coles has reported its full year results for the period ending 30 June 2016, with revenue up 2.7% to AU$39,242m and EBIT up 4.3% to AU$1,860m. Food and liquor sales up 5.1% to AU$31,978m Despite 1.7% price deflation in the year, which accelerated in Q4 and drove a slowdown in performance, like-for-like (LFL) sales grew 4.1%. Coles continued to invest in Every Day low prices during the ye...
23 August 2016
South Africa-based Shoprite said that turnover rose 14.4% in its full year, reaching ZAR130.0 bn (US$9.6 bn), boosted by an additional week and the performance of its operations outside its home market. Operations outside South Africa deliver ‘ best performance ever ’ The company said that its operations outside its home market performed particularly strongly, with sales up by 32.6%, which ...
23 August 2016
As Auchan reveals plans for a chain of drugstores, we look at some of its other format developments in Russia. Lillapois drugstores: 20 in 2017 Auchan Retail Russia opened its first drugstore in a Moscow shopping centre in August 2016. The 200 sq. m store stocks more than 9,000 products. Two more will open by the end of 2016 - close to a metro station and in a residential district - and...
23 August 2016
India's market leading grocery retailer has announced plans to open 1,000 supermarkets, under its Nilgiris banner. Rapid expansion over the next three years The retailer currently operates 160 Nilgiris supermarkets, focused on the southern Indian states of Karnataka, Tamil Nadu, Andhra Pradesh, Telangana and Kerala. However, plans to rapidly expand the banner, opening 1,000 new stores o...
22 August 2016
As CST Brands becomes Couche-Tard’s latest acquisition, we look at how deal making has become one the retailer’s key strategies. CST Brands provides unique scale opportunity Couche-Tard has signed a merger agreement to acquire CST Brands for $4.4bn. CST operates over 2,000 convenience stores Texas, Georgia, New York state and Eastern Canada, a major transport fuel distribution company,...
22 August 2016
Chairman of TCC Thailand, Charoen Sirivadhanabhakdi has reportedly revealed a plan to merge Metro Vietnam to Big C Thailand. Maga Market to expand in Thailand Mega Market Vietnam (new name of Metro Vietnam as from July 2016) is planning to invest in Thailand to expand its wholesale network. Mega Market Vietnam has 19 wholesale centres throughout the country as well as two depots for fresh v...