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woolworths predicts “subdued” trading for 2012
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wal-mart seeks continuity with asda appointment
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the appointment of long-time asda executive andy clarke as chief executive of the supermarket operator suggests that us parent wal-mart is seeking strategic continuity at its uk arm, despite recent admissions that the company’s sales growth is falling below expectations. katy humphries reports.wal-mart announced yesterday (11 may) that it has promoted andy clarke to the post of president and chief executive officer, effective immediately. clarke, formerly chief operating officer at the uk’s second-largest supermarket chain, replaces andy bond who announced last month that he will be scaling back his involvement at the company and taking on the part-time role of chairman of the group’s executive board. the appointment of clarke comes as little surprise to the market, with industry observers widely expecting wal-mart to promote either from within asda’s own ranks or the wider company. with asda finance chief judith mckenna ruling herself out of the race and chief merchandising officer darren blackhurst quitting the business last week, many came to view clarke as a relatively safe bet for the top job. “we have a robust succession planning and talent development process and andy clarke has long been identified as a leader,” wal-mart president and ceo doug mcmillon explained. clarke is a long-time asda veteran. he has held a variety of management positions having joined asda in 1992. after a brief stint at clothing retailer matalan and frozen food chain iceland between 2001 and 2005, he returned to asda to serve first as retail director and then coo, a post he has held since 2007. as hargreaves lansdown analyst keith bowman tells just-food: “wal-mart appear to have gone for a safe and trusted pair of hands.” clarke’s promotion also seems to confirm that wal-mart’s top brass is confident that its uk arm is on the right strategic track. certainly, asda is one of wal-mart’s most profitable international operations. however, concerns over slowing sales growth and declining market share have hounded the uk supermarket group of late. for the 12 weeks to 18 april, asda’s 2.5% revenue growth was behind morrison at 6.6%, sainsbury 4.1% and tesco’s 3.7%, according to kantar worldpanel data. the company also saw its market share dip slightly - falling to 16.9% from 17% a year earlier - while all three of its major rivals were able to grow share during the period. kantar claims that asda’s fortunes have soured because uk consumers are returning to premium products as the country moves out of recession and confidence returns. “we’re seeing a sustained return to premium buying behaviour, which does not support asda’s ‘value’ proposition,” edward garner, communications director for kantar worldpanel, suggests. asda has responded by switching its focus from deep discounting and promotions to offering every day low prices and, last month, asda launched a “cast-iron promise” that consumers will not find their shopping cheaper elsewhere. however, this edlp focus could prove a challenge given the promotional nature of the market, rbs analyst justin scarborough warns. “the edlp focus may be the right thing but while everyone is still promoting strongly and while consumers still search for offers, then asda has little choice in my opinion but to join in.” at a recent investor day, management also outlined plans to consolidate asda’s position as the country’s number two food retailer and number one in non-food. the company said that it would open 100 smaller supermarkets and improve its online retail offering over the next five years in a bid to become a stronger multi-channel and multi-format retailer. in this way, asda management suggested that it expects to generate sales “ahead of the market” between now and 2015. given asda’s detailed plan to drive growth over the next five years, the internal appointment of clarke suggests that we are unlikely to see any significant shift in the company’s strategic direction, at least in the near-term. in naming clarke as ceo, wal-mart has sent a clear signal of its confidence in asda’s prospects and the ability of the existing management team to deliver on its promises. just-food is the world’s leading portal for the global pre-packaged food and retail industries. its daily mix of breaking news, views, analysis and research serves over 100,000 food executives each month. http://www.just-food.com/ -->
Source :ausfoodnews.com.au
Date :
12
May
2010
Category :
Rest
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demand for caged eggs is waning and australia’s largest supermarket chain is reportedly planning to cut the number of brands in the category as a result. woolworths has denied reports they will rid their stores of all caged eggs, but they will separate their eggs more clearly, reduce the number of caged brands and phase out their own woolworths select caged egg brand that accounts for around 5 per cent of sales.
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a new private member’s bill to be tabled this week to australian parliament would, if passed, require australia’s major supermarkets to reveal what percentage of the retail price of their fresh produce goes to the farmers. the farm gate pricing bill, drafted by independent senator nick xenophon and house of representatives independent bob katter, would need the support of a major party, in order to be passed.
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woolworths’ everyday rewards scheme has helped boost sales at australia’s largest supermarket chain, according to its chief executive. michael luscombe, speaking at a corporate breakfast earlier this week, said that ever since the tie-up with qantas began - which sees their customers receive frequent flyer points - the spend per customer at their supermarkets has risen. “we got a lift in our basket size almost overnight,” he said, according to the australian.
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wesfarmers has announced a net profit after tax of $1.535 billion - up 44 per cent - as their coles turnaround gathers momentum. the wa-based conglomerate, owner of the bunnings and coles group stores as well as coal and fertiliser assets, said that their supermarket chain had met expectations with increasing customer numbers and basket growth. managing director, richard goyder, believed the result was strong given the economic conditions that confronted the group throughout the year.
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woolworths is planning to expand their thomas dux grocer brand to the city of adelaide as part of a national rollout, according to newspaper reports. the upmarket grocery subsidiary of australia’s largest supermarket chain was launched in sydney last year. it expanded beyond australia’s most populous city for the first time this year via the purchase of macro wholefoods; which will see them top up their network with five melbourne stores and a doubling of the 3 in nsw.
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\"we are waiting for bidding details from carrefour,\" berli managing director asavin techacharoenvikun told reporters. carrefour wants to sell its southeast asian units in malaysia, singapore and thailand to help it focus on core markets where it holds leading positions. carrefour was not available for comment on the deal. over the past few years, carrefour has withdrawn from other asian markets, including japan and south korea, to focus on growing markets such as china and india.
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australia’s largest supermarket retailer, woolworths, has today told shareholders that they remain on track to meet their targets this year as changes to consumer behaviour continue to assist their supermarket operations. the retailer, which is set to celebrate its 85th birthday next week, reaped a record profit result last year of $1.8 billion after tax and expects this to climb as much as 11 per cent in the current financial year.
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minister for trade simon crean today announced the make-up of the business advisory panel to the building brand australia project, with two the country’s leading players in the fmcg sector joining forces. michael luscombe, ceo of woolworths - the nation’s largest supermarket chain and rob murray, chief executive of dairy, juice and alcohol group lion nathan national foods, will be on a six-member board to be chaired by eminent businessman david mortimer.
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australia’s largest supermarket operator has again posted strong sales growth in the first quarter and has reiterated its forecast for the full year. food and liquor sales again led the way, rising 7.8 per cent, or 5.8 per cent on a comparable store sales basis, while the group’s overall sales growth reached 4.2 per cent - hurt considerably by lower petrol prices (7.4% ex. petrol). food inflation was a more restrained 2.
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Coca.Cola
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PEPSI
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Mcdonald
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Nestle
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Mars
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Baskin & Robins
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Nutrika
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Mumika
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Chika
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