Food
In the first half of its financial year, Colruyt Group achieved growth in revenue and operating profit. However, the group's food stores continue to lose market share.
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On Saturday 2 January, more than 500 Colruyt Group stores in Belgium will remain closed. The retailer grants its store employees an extra paid leave day to thank them for their efforts during the corona crisis.
Next year, Colruyt will open its fifth supermarket in the Grand Duchy of Luxembourg. In the meantime, the retailer is thinking of launching its organic chain Bio-Planet there as well.
Halfway through the financial year, Belgian market leader Colruyt Group is doing well: its comparable turnover, its gross margin and its market share are on the up. However, profit did fall as a result of one-off events.
Colruyt subsidiary Bio-Planet expands the share of Belgian products in its organic range, featuring four products based on locally grown soy.
General
Belgian Colruyt Group had a first with its latest yearly report, as it added a separate sustainability report to its already rather elaborate yearly booklet. Which facts were especially noteworthy? RetailDetail found it all out.
A solid holiday season allowed Belgian Colruyt Group to raise its market share and even keep its profit margins at the same level - contrary to expectations. The company also posted another online growth, meaning online is now worth 370 million euro.
Belgian Colruyt Group has introduced the Xtra card and the mobile Xtra app as the single loyalty card for all of its store formulas. The company hopes it will help understand customer behavior better and will build a platform with never-before-seen capabilities.
