Posted by Turgut Ziyal on Monday, August 23, 2010,
In :
retail
Discount retailer Netto is planning to expand in Germany, Poland and Sweden following the sale of its UK arm to Asda.
Netto International managing director Mr. Claus Juel-Jensen told that the company has "major plans for expansion in Germany, Poland and Sweden".Juel-Jensen said it was "hard to say" how many stores Netto would open. He said he needed to build the organisation's size to make it able to cope with the faster expansion. Juel-Jensen said that Netto is working with a five-year pl... Continue reading ...
Posted by Turgut Ziyal on Tuesday, August 3, 2010,
In :
retail
French retailer Casino has reportedly hired Deutsche Bank to advise on a potential bid for Carrefour's Malaysia, Singapore and Thailand assets. Reuters reported unnamed sources that said Casino is "serious about" bidding for the Carrefour business.
There has been ongoing speculation that Carrefour has put its southeastern Asian assets up for sale at a potential price of US$1bn.However, Carrefour recently denied that it was planning to sell either its Singapore or Malaysia operations. ... Continue reading ...
Posted by Turgut Ziyal on Friday, July 30, 2010,
In :
retail
Mr. Theo Albrecht, the discount grocer Aldi's co-founder, has died aged 88. Mr.Albrecht died in his home town of Essen, Germany on Saturday 28 July following a long illness.
In 2010, Albrecht was ranked by Forbes as the 31st richest person in the world, with a net worth of US$17.7bn.He has not been seen in public following his release from kidnap nearly 40 years ago.
Aldi opened its first outlet with Theo Albrecht's brother Karl in 1961.
  Continue reading ...
Posted by Turgut Ziyal on Tuesday, July 20, 2010,
In :
retail
The German discount retailer Aldi is withdrawing from Greece. Aldi plans to divest its 38 outlets in Greece and is currently in talks to sell the stores. This market exit will be the first in Aldi history.
The analysts say that Aldi could not fulfill the price expectations in Greece. It was competing with Lidl, the other famous German discounter. They also add that Aldi may withdraw from Poland in near future as well, since its expansion there is rather slow and the competition is fierce.... Continue reading ...
Posted by Turgut Ziyal on Friday, July 9, 2010,
In :
retail
Carrefour has publicly denied the news which report that it plans to close some outlets in Malaysia and Singapore. The statement follows speculation earlier this week that the world's second-largest retailer is looking to sell its operations in Malaysia, Singapore and Thailand. Carrefour added that it has opened four new hypermarkets in Malaysia during 2010 and four more are set to be opened by the end of the year. However, the retailer made no mention of its Thailand operations, which have b... Continue reading ...
Posted by Turgut Ziyal on Tuesday, July 6, 2010,
In :
retail
Carrefour has launched plans to sell its retail busines units in Malaysia, Singapore and Thailand, according to reports. If realised, such a deal may raise around US$1.0 billion for Carrefour. According to Reuters, Carrefour is working with Goldman Sachs and UBS for an auction to attract corporate buyers and private equity companies.
The deal is possible as they are not priority markets and the retailer does not have a top three position in any of them, Planet Retail analyst Mr. Magali Dubr... Continue reading ...
Posted by Turgut Ziyal on Friday, June 11, 2010,
In :
retail
Carrefour's first Indian outlet will be opened in the country's capital, Delhi, by the end of next month. The 55,000 square feet shop would be located at the Metro Mall complex in the Seelampur area of east Delhi and would offer 30,000 products.
Under current Indian government regulations it can operate only as a wholesaler. “We are going full steam to register the clients, who would be small shop owners and hotels,” the spokesperson said. “We are approaching them all over the city bec... Continue reading ...
Posted by Turgut Ziyal on Friday, June 4, 2010,
In :
retail
Asda has bought Netto’s UK business from its Danish owners. The deal, believed to be worth £778m, is subject to approval from the Office of Fair Trading, but Asda expects to have completed it by late summer. Asda plans to refurbish all Netto’s UK stores and have them trade under its own fascia by mid-2011. The acquisition of 193 stores, averaging 8,000 sq ft, represents a massive acceleration of Asda plans to roll-out smaller supermarkets. It has 22 stores under 25,000 sq ft, and former ... Continue reading ...
Posted by Turgut Ziyal on Wednesday, May 12, 2010,
In :
retail
Carrefour, the world's second largest retailer, has secured four properties in four cities across India and plans to set up 4 to 5 cash-and-carry stores by the end of 2010. Carrefour has signed for properties averaging about 100,000 square feet each in New Delhi, Bangalore, Chennai and Hyderabad and is in the process of signing up a fifth property in Mumbai, the sources said.
The company has set up two entities in India, Carrefour WC&C India Pvt Ltd to run cash-and-carry business and Carrefo... Continue reading ...
Posted by Turgut Ziyal on Wednesday, April 7, 2010,
In :
retail
French newspaper Le Figaro reported in an advance copy of its Wednesday edition without saying where it got the information that Carrefour plans to sell its 524 Minipreco discount stores in Portugal, the stores generated revenue of 915 million euros last year, down 0.9 percent from 2008, it added. Continue reading ...
Posted by Turgut Ziyal on Thursday, April 1, 2010,
In :
retail
New research from London-based Planet Retail reveals sales at limited assortment "hard discounters," including dollar stores, have expanded more than 60 percent over the past five years, outperforming the grocery channel as a whole, thanks to growing consumer acceptance, expansion into new categories and the introduction of additional SKUs, including more premium offerings. Until recently, discounters have been mostly a European phenomenon.But in the United States, discounters grabbed less tha... Continue reading ...
Posted by Turgut Ziyal on Friday, March 5, 2010,
In :
retail
With the opening of the third SELGROS cash-and-carry store, transGourmet - a joint venture of REWE Group and Coop Switzerland - continues its expansion in Russia.
The first SELGROS outlet was opened in Kotelniki near Moscow in 2008; the second one opened in the city of Rjasan in March 2009.
SELGROS cash-and-carry outlets are one of the leading international operators working with a "customer card system" and has around 4 million customers throughout Europe The FEGROS/SELGROS Group currently op... Continue reading ...
Posted by Turgut Ziyal on Monday, February 15, 2010,
In :
retail
Totaling $355.8 billion, retail sales in January increased 0.5 percent from the previous month and 4.7 percent from January 2009, according to the U.S. Department of Commerce (DoC).
Sales for the month at general merchandise stores rose 1.5 percent, the most substantial gain since February 2009.
Core retail sales, which exclude autos, gasoline and building materials, rose 0.8 percent after falling 0.3 percent in December.
In addition, both December and November figures were adjusted to rev... Continue reading ...
Posted by Turgut Ziyal on Tuesday, January 26, 2010,
In :
retail
Deloitte has released a report on the global powers of retail in 2010. The report lists top 250 retailers in the world based on their 2008 figures. According to this report the top 10 players in global retail arena are these: 1- Wal-Mart - US 2- Carrefour - France 3- Metro - Germany 4- Tesco - UK 5- Schwarz - Germany 6- Kroger - US 7- Home Depot - US 8- Costco - US 9- Aldi - Germany 10- Target - US You can access the report from this link. Continue reading ...
Posted by Turgut Ziyal on Tuesday, January 26, 2010,
In :
retail
Sam's Club, the warehouse club division of Wal-Mart Stores Inc is cutting roughly 11,200 jobs, or about 10 percent of its workforce, as it outsources in-store product demonstrations and eliminates positions used to recruit new business members. Sam's Club Chief Executive Officer Brian Cornell said on Sunday that the retailer would outline charges associated with the job cuts in February, when it releases fourth-quarter results. He said he did not expect any "material impact" on its financial ... Continue reading ...
Posted by Turgut Ziyal on Tuesday, January 26, 2010,
In :
retail
U.S. retail sales should rise 2.5 percent this year, signaling that store chains have made it through the worst of the downturn as improvements in the housing and job markets bolster shoppers' confidence, a trade group forecast on Tuesday. The 2010 forecast from the National Retail Federation marks an expected improvement from a 2.5 percent drop in 2009 and a 1.3 percent increase in 2008. The data covers retail industry sales, excluding automobiles, gas stations, and restaurants.
This year's... Continue reading ...
Posted by Turgut Ziyal on Monday, January 11, 2010,
In :
retail
Auchan is planning to transform an existing 9,000 sq.m hypermarket in Mulhouse, eastern France, into a discount outlet trading under the new Priba by Auchan name.
It is not clear if this move marks a turning point in its strategy and a shift towards a greater discount offering. A spokesman claimed the reason of conversion was to respond to the underperformance of the store and if succesful they may try the same model in other areas.
The discount hypermarket is scheduled to open by early Ap... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 30, 2009,
In :
retail
Good news before 2009 ends....Holiday retail sales this year increased approximately 3.6 percent compared with 2008, and were bolstered by online shopping and electronics purchases, according to data from SpendingPulse, a division of MasterCard.
Excluding auto and gasoline sales, there was a jump in purchasing the week before Christmas, the data shows, both online and at retail outlets across the U.S. Previously, the National Retail Federation had predicted a one percent decline in 2009 seas... Continue reading ...
Posted by Turgut Ziyal on Friday, December 25, 2009,
In :
retail
Retail sales are continuing to rise in China, in a further sign of the resilience of the country's economy during the recession. The National Bureau of Statistics has reported that retail revenues in China expanded by 15.8% in November, to 1.13 trillion yuan ($165.5bn; €116.1bn; £103.8bn), although this rate of growth was down by 5% year-on-year. Urban areas delivered an increase of 16.5%, to 760.6 billion yuan, compared with an improvement of 14.4%, to 373.3 billion yuan, in rural markets. O... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 16, 2009,
In :
retail
A 12-week analysis of more than 2 million grocery shoppers by Concept Shopping, Inc., Lisle, Ill., reveals that the top 10 percent of a given store's customers visit more than twice a week, spend more than $39.00 per visit and represent nearly 40 percent of the store’s total sales.
The study also found that these "most valuable" shoppers tend to remain very loyal to the store, with 95 percent continuing to shop there throughout the year. Conversely, only 34 percent of the store's worst sho... Continue reading ...
Posted by Turgut Ziyal on Wednesday, December 9, 2009,
In :
retail
The US retailer Wal-Mart revealed in its company-wide quarterly statement to the US Securities and Exchange Commission that it would close approximately 23 outlets and certain access points in Seiyu subsidiary in Japan.
Wal-Mart bought shares in Seiyu in 2002, Japan's fifth-biggest retailer, later in March 2008 acquired majority interest and Seiku became a subsidiary of Wal-Mart. Seiku owns 371 stores in Japan (as of October 2009)
Source: just-food.com and wal-mart corporate site ... Continue reading ...
Posted by Turgut Ziyal on Monday, December 7, 2009,
In :
retail
Retail sales in Russia will rise by 3% next year, with many multinational firms hoping to expand their presence in the country in order to tap into this growing market, according to PricewaterhouseCoopers. Total retail revenues stood at $480 billion (€319bn; £288bn) in the European nation last year – up by 27.5% on an annual basis – with food taking a 45.3% share of this figure. PricewaterhouseCoopers has predicted that 2009 will be a year of "consolidation" given the challenges of the e... Continue reading ...
Posted by Turgut Ziyal on Tuesday, November 24, 2009,
In :
retail
Branded suppliers were left reeling this week in UK as Tesco and Sainsbury’s both launched concerted campaigns promoting their own-label ranges at the expense of brands. Sainsbury’s announced a massive Switch & Save campaign, across all media, that will encourage shoppers to buy the retailer’s 15,000 own labels; while the Tesco website, Tesco.com, now flags up a cheaper alternative, usually own-label, when shoppers select a brand. Tesco’s initiative is backed by TV ads showing brands b... Continue reading ...
Posted by Turgut Ziyal on Wednesday, November 18, 2009,
In :
retail
Tesco is planning to open approximately 13 new stores in various formats in Poland by the end of February 2010, Polish media reports. This will help the company to complete its development project in the country for the current fiscal year with the opening of 25 new hypermarkets. At the moment Tesco has already opened 12 hypermarkets in Poland this year.
Tesco hopes to double the size of its convenience store empire — in a move sure to strike fear into the hearts of independent corner shop o... Continue reading ...
Posted by Turgut Ziyal on Monday, November 9, 2009,
In :
retail
Asda has been ‘sold’ by parent Wal-Mart to investment subsidiary Corinth Services in a £6.9bn deal.
The deal, which took place in August, was described as part of a “group restructuring” and means Asda remains under the control of the US retail giant.
“From 2009 Corinth is the new parent company of Asda Group, having previously been a subsidiary,” a spokesman for Asda said.
“As part of good financial management of our business we will, from time to time, alter that structure... Continue reading ...
Posted by Turgut Ziyal on Thursday, October 29, 2009,
In :
retail
A new report from Atlanta-based retail consulting firm Miller Zell says the poor economy has made shoppers more "marketing-resistant," forcing retailers to ramp their in-store merchandising campaigns up a notch.
In “The Elements Report,” third in a series of articles based on a larger report, “Gone in 2.3 Seconds: Capturing Shoppers with Effective In-Store Triggers,” the company noted that, although more consumers than ever are heading to the store armed with a shopping list, decisi... Continue reading ...
Posted by Turgut Ziyal on Tuesday, October 20, 2009,
In :
retail
An Article from Oxford Research Agency, UK
Wednesday 21st October 2009
This week, both Tesco and Sainsbury’s announced new figures highlighting rises in growth that bring a glimmer of optimism to the high street in the run up to Christmas and beyond.
This has been accompanied by rises in sales for top-end food ranges, but looking closely at the figures, is this truly a time for cautious optimism and what does it mean for your brand?
With Tesco posting like-for-like sales up 3.7% for... Continue reading ...
Posted by Turgut Ziyal on Tuesday, October 20, 2009,
In :
retail
19 October 2009| Source: Katy Humphries
an excerpt from justfood.com
The surprise announcement that French retail giant Carrefour will exit Russia throws into sharp relief the number of challenges facing retailers in the market. While growing disposable local income had fostered the development of modern retailing, the dramatic impact of the economic downturn has put the spending power of Russian consumers under pressure. Retailers operating i... Continue reading ...
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About This Blog:
| getfoodnews |
| Turgut@Getfoodnews.Com |
In this blog I try to compile the news related with food industry. This includes food companies, retailers, ingredients, regulations, mergers&acqusitions and others. In each post I try to designate the source of the news and add a link to the original document.
I hope you find it useful. For any comments please feel free to send me an email (turgut@getfoodnews.com). You can post your comments inside the boxes appearing at the end of each posting when clicked the headline.
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