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Expert View
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European retail giant Metro Group has launched its multi-brand Payback loyalty card in Poland. The card will be accepted at Metro's hypermarket chain Real and BP service stations, as well as by other companies. The move is expected to be a success: the loyalty card is attractive to consumers and provides companies with additional insight not available from a single-brand loyalty scheme.
Published By Datamonitor
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05 Oct 2009 |
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CommentWire
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Portuguese retailer Jeronimo Martins has reported strong sales and profit growth for the first half of 2009, boosted by last year's acquisition of Plus discount stores in Portugal and Poland. In spite of the economic downturn, the retailer is somewhat optimistic about the second half as sales at its supermarkets and discount stores remain resilient.
Published By Datamonitor
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27 Jul 2009 |
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Expert View
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Metro's Q3 sales grew 7.1% to E47.8 billion, with domestic sales up 2.0% and international sales up 10.6%. On a positive note, the repositioning of Real in Germany has shown encouraging results. Yet while Metro's results are holding up, the secondary effects of the credit crunch are becoming visible and the future outlook appears rather bleak, especially for Metro's operations in Eastern Europe.
Published By Datamonitor
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03 Nov 2008 |
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Expert View
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DIY retail group Kingfisher has posted better than expected results for 2008/09, with total retail sales up 11.1% to GBP5,130m, masking a like-for-like decline of 2.6%. However, the gloomy prospects for the DIY market could mean hard times ahead for Kingfisher. In the current climate, managing costs and cashflows has become all important, as the global outlook continues to darken by the day.
Published By Datamonitor
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18 Sep 2008 |
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CommentWire
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Portugal's second largest retailer, Jeronimo Martins, has unveiled outstanding growth in both sales and profits for the first quarter of 2008. The group's turnover was boosted by a particularly buoyant performance from its Polish discount chain Biedronka. A strong start to the year puts the retailer in a good position ahead of the integration of the Plus chain.
Published By Datamonitor
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01 May 2008 |
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CommentWire
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Floor coverings specialist Carpetright has acquired UK retailer Carpetworld for GBP7.2 million, adding a further 13 stores to its portfolio. Additionally, in a slightly more exploratory move, the firm has completed the purchase of 11 stores in southern Holland from Dutch retailer Ben de Graaff Tapjit for E8.0 million.
Published By Datamonitor
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01 Apr 2008 |
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On the surface, Kingfisher's results look promising, with a 6.4% rise in total sales, helped by a 1.9% like-for-like improvement, but beneath this, the Group has a number of underperforming divisions it needs to address. Crucially, this includes B&Q in the UK, and with an uncertain economic outlook in the UK, B&Q has its work cut out.
Published By Datamonitor
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30 Nov 2007 |
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CommentWire
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Kingfisher, Europe's leading home improvement retailer, pinned the blame for a disappointing set of UK figures on the recent unseasonal weather. While results from other markets are generally encouraging, Kingfisher desperately needs to convince skeptical investors that its recovery strategy at B&Q can deliver results.
Published By Datamonitor
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30 Jul 2007 |
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CommentWire
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The Polish government has passed legislation to increase the number of statutory holidays for workers within the retail sector. However, while some have argued that this new law automatically spells bad news for supermarkets, it is likely that they will be able to partially counter any negative effects by selling consumer products through their service stations, which are exempt from the new law.
Published By Datamonitor
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16 Jul 2007 |
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CommentWire
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For the 52 weeks to 28 April, 2007, Carpetright's sales rose by 5.4%, while profits increased by 5.1%. The retailer continues to grow sales in a declining domestic market, while its fledgling European operations represent a good opportunity for future growth.
Published By Datamonitor
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26 Jun 2007 |
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