Sales in France fell 1.4% to €9.16 bn, like-for-like sales were up +3.5%
Sales in Europe fell 2.6% to €5.47 bn, like-for-like sales were down 1.6%
Sales in Latin America +17.2% to €3.3 bn, like-for-like sales were up +15.7%
Sales in Asia +6.7% to €0.66 bn, like-for-like sales were down 6.4%
1. Positive performance in France underlines ongoing improvements
In its key home market Carrefour reported strong like-for-like growth across all formats, including a rise of 3.3% at its hypermarkets and 7.0% at its supermarkets. Non-food sales increased 10.8%, while food sales were up by 1.7% at its hypermarkets. The retailer said the success was being driven by its focus on shoppers, ‘
especially with the “5/5/5” approach’, while the
Footwear - Shoes sold in Argentina must show local sizes, government says 22 April 2021
Argentina’s government has given footwear manufacturers and retailers with a presence in the market there until the end of July to make sure Argentinean sizes are clearly displayed on their products and on boxes they come in, reports Leatherbiz.
The ministry of industrial development made the announcement in mid-April, saying its aim was to make sure Argentinean consumers have clear information about the products they are buying. But it also said it wanted to give a boost to locally produced footwear.
In Argentina, shoes sized 41 would correspond to European size 42, US size 8.5 and UK size 8.
Auchan focusing on organic ranges in France
Date : 19 April 2021
Alcampo publishes results for Spain in 2020
Alcampo has said it generated a turnover of €4.497 bn in 2020, down from €4.652 bn in 2019. Comparable sales rose by 3.6% during the year, underlining the effect of store closures on its performance. During the year, the retailer continued to open and add new stores, while also evolving its offer. It enhanced its fresh offer, seeing it offer 6,000 SKUs in the department at the end of 2021, with 93.5% of the products purchased from Spanish suppliers.
It invested in its private labels, taking the number of SKUs under its own label to more than 4,000. Its Alcampo Producción Controlada label covered 183 SKUs developed in conjunction with mostly Spanish small and medium sized producers. Elsewhere, to take account of growing shopper interest in sustainable and better for you products, Alcampo ended the year with 1,835 gluten-free SKUs, 400 of which are lactose free, 2,800 o
Five reasons FMCG businesses should be investing in Asia
Date : 19 April 2021
We have recently published a new report looking at the growth prospects for major grocery markets across Asia over the next two years. We highlight some of the key findings and why Asia remains a major growth opportunity for FMCG businesses, particularly in the short term.
1. Asian markets are expected to recovery rapidly post-pandemic
Most Asian grocery markets experienced accelerated growth during 2020 as consumer spending on food shifted from out-of-home to at-home channels. Despite this, the volatility in sales across Asia have not been as strong as in other regions, albeit the impact has varied significantly by market. As we have seen across Europe, North America and Australasia, some markets have seen large spikes in sales (e.g. Singapore), while others have recovered rapidly (e.g. China), and some have even seen sales heavily impacted (e.g. Thailand). The general lack of volatility means that our
The discount channel is slowly catching up with grocery ecommerce as it seeks to remain relevant with shoppers. The many recent partnerships with aggregators (last milers) across Europe prove the online transformation of the channel is inevitable and it is now accelerating, especially around quick commerce. We look at the different developments in the region and what this could mean more widely for the retail industry and suppliers.
Partnering with aggregators to win in the short-term
Discounters still refrain to launch grocery ecommerce for two main reasons:
Profitability is still difficult to achieve
Their physical store model has been optimised over the years to become one of the most efficient and profitable across the industry