Migros To Focus on Lower Prices, Private-Label Brands
ESM - European Supermarket Magazine
The industry magazine for C-suite executives and procurement managers working in the European grocery retail sector.
Swiss retail giant Migros has said that it plans to focus on lower prices, a more convenient store network, a broader range of private label products, and improving the efficiency of its workforce, as part of a company repositioning.
This strategic shift will enable the retailer to compete more directly with discounters Aldi and Lidl.
In an interview for Swiss newspaper SonntagsZeitung, CEO Mario Irminger explained that the expansion of the group's private-label range represents a "clear break" with the strategy implemented so far.
While popular name brands will remain, Migros will strategically eliminate less popular brands in order to to optimise shelf space and potentially reduce costs. The identity of specific brands that are set to be removed hasn't been announced yet.
Six in ten Spanish shoppers (60%) say that they are purchasing more private-label products in a bid to save money, a new study by retailer Dia has found.
In addition, half of respondents to the 'Tu Bolsillo al Dia' study said that the saving achieved from shopping for private labels is between 10% and 25% of their monthly shopping bill.
The annual study found that Spanish shoppers this year are chiefly concerned with saving money where possible, which has led to an increase in the number of consumers comparing prices, seeking out promotions, and planning weekly spend in advance.
At the same time, the study also found that shoppers are putting increased focus on the need to maintain a healthy lifestyle, with a third of respondents saying they would be willing to pay more for better quality, healthier items.
In terms of weekly spend, 45% of respondents said that they spend between €50 and €100 per week on shopping, while 42% spend between €25 and €50
More than 20,000 Tesco employees will share a windfall profit of more than ￡30 million (€35.4 million) from maturing stock schemes, Britain's biggest supermarket group has said.
The retailer said the employees, who mostly work in stores and distribution centres, have benefited from strong growth in Tesco's share price, which has risen by 23% over the past year.
Economic think tanks have historically described Britain as a laggard in the area of minimum employee benefits. But a tight labour market after Brexit and the COVID-19 pandemic has prompted companies to raise their game.
Tesco, which is also Britain's largest private sector employer, increased store workers' pay by 9.1% in March.
The company said that workers who joined its share savings schemes are able to buy shares at a discounted price of ￡1.88 or ￡1.98 each and either keep them for the longer term or sell them.
French retailer Groupe Casino has announced the sale of 66 stores to Groupement Les Mousquetaires and Auchan Retail France.
The enterprise value of the stores sold is €213 million, the retailer noted.
Earlier this year, Groupe Casino agreed to sell 287 stores to Groupement Les Mousquetaires, Auchan Retail France, and Carrefour.
The retailer has already sold 211 stores to the three retailers, as part of the agreements, with this latest announcement related to the remaining 76 stores.
Groupe Casino, which since March has been under new ownership, also added that it has sold its controlling 51% stake in five hypermarkets to Groupement Les Mousquetaires.
Since 30 September 2023, Groupement Les Mousquetaires has held a 49% stake in these hypermarkets.
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French retailer Carrefour is expanding its presence in the service station segment with two new tenders from Shell and TotalEnergies.
As part of the partnership, Carrefour will add 117 new service station outlets to its network, located mainly on motorways.
By the end of 2024, the retailer will expand its network to more than 350 service stations in France.
Beno?t Soury, director of Carrefour Proximité France, stated, "Carrefour has been stepping up its presence in high-flow areas for several months now. Our recent openings include Lyon Part Dieu SNCF station and Les Halles RATP station.
"The confidence that Shell and TotalEnergies have placed in us reinforces our strategic choice to invest in this niche for the Carrefour Proximité brands."
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The latest issue of our magazine is out now
ESM's annual Private Label Issue sees us explore the own-brand landscape with Circana, count down to PLMA's World of Private Label Trade Show, chat to some of Europe's top retailers about private-label innovation within their organisations, explore the role of pricing with IPLC and examine how Ukrainian retailers are using private-label to bolster domestic producers impacted by the ongoing conflict.
We also look forward to The Consumer Goods Forum Global Summit, chat to Sampo P??llysaho, SVP of grocery operations at Finland's S Group, delve into the latest trends in fresh produce, and a lot more besides. Enjoy the issue!
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4 个月Da kommen lustige Zeiten!