Colruyt and Carrefour rebalance European assets Europe On June 17, the Les Mousquetaires Group (2024 sales: €42.5 billion, up 6.4%) announced exclusive negotiations to acquire 81 Colruyt stores,…
Italy’s Conad to invest €258 million in store network Europe On June 9, the Italian group Conad (2024 revenue of €21.1 billion, up 4.5% year-on-year after a rise of 8.1% in 2023) announced an investment of €258 million by 2027 in a network of stores in the Adriatic region (Abruzzo,…
Delivery platforms: Doordash acquires Deliveroo for US$3.3 billion Americas Europe On May 6, US company DoorDash acquired a British rival for US$3.29 billion. As part of Doordash’s international expansion strategy (2024 revenue of US$10.7 billion,…
Grocery retail consolidation : Salling acquires Rimi Baltic for €1.3 billion Europe On May 5, Danish retailer Salling (2024 turnover: €9.7 billion, up by 2.7% year-on-year, net margin ratio at 2.4% of sales) received shareholders’…
data [Food Retail Barometer 2024] The financial health of the world’s 10 largest food retailers in 7 charts Now in a fourth edition, our annual barometer presents the financial performance of the world's 10 largest food retailers from 2017 to 2024: Walmart, Costco, Kroger, Seven & I, Target, Ahold-Delhaize, Carrefour, Albertsons, Tesco and Aeon. With the exception of 3 players, most retailers failed to save their margins last year. In terms of e-commerce, all retailers made progress, with some even breaking through the 18% sales share glass ceiling.
Asda and Currys invest in protection against theft and assault in the U.K. Europe In the U.K., thefts jumped by 25%, and assaults on staff by 50% in 2024. With the associated loss estimated at €4.8 billion per year for the sector, retailers are investing in more security. We review measures taken by Asda and Currys.
Exclusive [mind Retail Exclusive] Exotec speeds up in supermarkets at Colruyt and E.Leclerc Europe The new generation of Exotec robots has been launched in Belgium in a first Colruyt warehouse dedicated to food e-commerce. It is also about to be adopted in a second E.Leclerc warehouse in the Lyon region, mind Retail learned.
Driven by record I.P.O., Lulu Retail ends 2024 up 5% Africa, Middle East On February 10, the food retailer Lulu Retail posted a turnover of US$7.62 billion in the fiscal year to late December 2024.…
Auchan Russia is counting on sanctions being lifted to continue trading Asia Auchan Retail (2023 sales €32.26 billion, down 2% in a year, via 2,354 stores in 12 countries) has ended discussions with Gazprombank concerning the sale of 232 Russian stores,…
Ahold Delhaize consolidates, with two acquisitions in Belgium and Romania Europe In Europe, Ahold Delhaize is starting 2025 with a phase of consolidation. In Belgium and Romania, the business is to add 2,000 stores through acquisitions of Delfood and Profi.
