Global retailing news

27 May 2016
Schwarz Group has reported revenue growth of 7% to EUR85.7bn in the financial year 2015/2016. Lidl’s revenue grew by 9% to EUR64.4 bn, while Kaufland revenue increased by 4% to EUR21.1 bn. Spain, the Czech Republic and Austria were some of the best performing markets ( Lidl’s double digit sales growth across Europe ). Increased investment The group plans to increase its capex from EUR5.2...
26 May 2016
As Costco reports slowing comparable store sales growth for the third quarter, we look at what’s been driving its performance. Profitability improves as sales growth eases Costco’s third quarter sales increased by 2.5%, with comparable store sales (excluding fuel and currency impacts) up 3%. This included an increase of 8% in Canada, its strongest international performance. Profitability a...
26 May 2016
Cencosud has called the first quarter of 2016 resilient, reporting revenue and same store sales growth across the region with the exception of Brazil. "Strong performance despite downturn in consumption" Supermarket sales were affected by currency devaluation in Argentina, Brazil and Colombia, falling 8.8% compared to Q1 2015. Improving store profitability remains a high priority and Cen...
25 May 2016
In a recent interview, Aristotle Panteliadis, CEO of Metro, which acquired Veropoulos’ Greek stores earlier this year, revealed Metro would invest €100m in modernising Veropoulos’ supermarkets and expanding its network by 2018. The retailer also plans to acquire a new warehouse in Thessaloniki. Metro hopes to double revenue by 2018 As a result, by 2018 Metro hopes to generate revenue of ...
25 May 2016
Reitangruppen has appointed Nordea ‘to explore the opportunity to sell’ part of its stake in Sweden's Axfood. Reitangruppen still holds 12.3% stake in Axfood The bank has been appointed to look into options for the disposal of a 5% stake in Axfood, while Reitangruppen holds a 12.3% stake in total. The retailer has committed not to divest any more shares within 90 days. Move follows ...
23 May 2016
Taiwan’s largest supermarket chain Pxmart has revealed an expansion plan by growing its store network from 855 to 1,000 stores by the end of next year. Developing small format supermarkets in urban areas Chuan Lian, the operator of Pxmart, has recently opened a store of around 260 sqm in the heart of Taipei, with a bakery section and wide selection of prepared food, aiming to bring in wea...
23 May 2016
South Korean’s leading retailer Emart has seen a 4.7% YoY increase in its Q1 sales to KRW3,361bn (US$ 2.8bn). The company has also outlined its strategic focus on smaller format stores, its online business and private label products in overseas markets. Hypermarket recovery but focus shifting to small format Emart hypermarkets have reported a 1.7% YoY uplift in sales to KRW2,896bn (US$ ...
23 May 2016
Robinsons Retail in the Philippines has reported a strong Q1 with its sales increasing by 15%. The company has also announced a partnership with HappyFresh to provide an online grocery delivery service. Strong performance across all formats Robinsons’ consolidated net sales for the first quarter has grown by 15.1% to PHP22.7bn (US$486m) from PHP19.7bn (US$420m), driven by a 9% increase ...
23 May 2016
Coles has reportedly significantly expanded its ready meal range, improved the quality of products and reduced prices, as it looks to expand the category and capitalise on the growth opportunity. Prices reduced by up to 28% The Coles branded products have been expanded to target time poor shoppers, according to Coles' general manager for meal solutions Charlotte Rhodes. Ready meals in A...
19 May 2016
We review Walmart’s first quarter results as it looks to build on the momentum in the business. Our take: a new scenario for stores versus ecommerce There’s a subtle change in emphasis in Walmart’s results this quarter with strengthening performances being delivered by its US and its International operations, while ecommerce growth slowed and lagged expectations. It’s been many quarters sin...