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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Dirk Depoorter, general manager of Retail Partners Colruyt Group, will next year lead the European retail alliance Agecore, which has been regularly in the news in recent years due to trade disputes with major FMCG suppliers.
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Colruyt Group has recently become Europe's first to test a 44-ton all-electric truck with a hydrogen "range extender". The retailer has been investing in hydrogen solutions for some time now.
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.
In Ixelles (Brussels), Colruyt has launched a new variant of its grocery delivery service. Collect&Go City brings groceries ordered online by cargo bike to Place Flagey, where customers can pick them up.
Despite higher costs due the coronary pandemic, Colruyt Group expects to make at least as much profit this financial year as last year. This was stated by the retailer at its General Meeting.
Under the name Rose Mary, Belgian retailer Colruyt Group has launched a meal delivery service in Brussels. The ambition is to offer healthy, fresh meals - but is only a test, the retailer emphasises.
Belgian retailer Colruyt Group takes a majority stake in data specialist Daltix. Colruyt wants to expand its real-time insights into price and consumer behaviour, while Daltix hopes to realise its international growth ambitions.
Belgian supermarket group Colruyt has announced a trial of "Collect & Go Connect", a digital platform that makes it easier to do shopping for other people.
Yesterday, Belgian e-tailer Collect&Go processed almost 20,000 pickups. During the holidays, customers are increasingly opting for the convenience of ordering online, Colruyt Group’s online shopping service says.
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.
Last week, Colruyt Group went through the worst week ever on the stock exchange, but the Belgian retailer now rises to the occasion and buys back its own shares for half a million euros.
Belgian Colruyt Group has largely managed to meet expectations for its financial year 2018/19, but operational margins are under pressure from rising costs. The leader in the Belgian supermarket branch has managed to expand its market share, despite tough competition.
Colruyt subsidiary Bio-Planet expands the share of Belgian products in its organic range, featuring four products based on locally grown soy.
Colruyt wants to shorten its supply chain and make it more transparent by buying beef straight from livestock farmers, who will receive better prices as a result. Meanwhile, competition from foreign meat increases.
Belgian Colruyt Group saw its turnover grew by 3 % to more than 4.5 billion euros in the first half of the fiscal year 2018/19. Other results were encouraging as well for the market leader: gross profit margin increased from 25.7 % to 26.3 % and market share increased from 31.9 % a year ago to 32.4 % now.