In the week that just-food published its latest briefing – on the globalisation of food retail – Metro Group, the world’s fourth-largest, issued record earnings. Analysts, however, were less than impressed with the company’s performance and its outlook for 2011. Meanwhile, Sainsbury’s posted slowing sales growth, leading to concerns over the short-term future of the UK retail sector. Elsewhere, Rabobank forecast that the share of own-label in the global grocery market would double by 2025. And, of course, we had the takeover speculation around Italian dairy giant Parmalat covered.
GLOBAL: Private-label sales set to double – Rabobank
Private-label sales could account for 50% of the global food retail market by 2025, putting pressure on manufacturers of brands that do not lead their categories, research group Rabobank has predicted.
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In the spotlight: Lactalis interest returns Parmalat to headlines
Parmalat, once the subject of Europe’s biggest bankruptcy, is once again in the headlines following Lactalis’s investment in the company. Italian politicians are determined to keep Parmalat in Italian hands; what lies ahead for the business?
Comment: Do Sainsbury’s results bode ill for the grocery sector?
Sainsbury’s – last year’s darling of the UK grocery retail scene – booked a disappointing set of results yesterday (23 March), sparking fears for the health of the UK grocery sector. However, Katy Humphries suggests, the slowdown at Sainsbury’s does not necessarily bode ill for the rest of the country’s supermarket operators in the medium term.
The just-food management briefing – the globalisation of food retail
Facing mature markets at home and a supplier base becoming ever-more international in scope, the world’s largest grocers are expanding worldwide at a rapid rate.
Talking shop: Metro Group’s “record” earnings fail to impress
Metro Group, the world’s fourth-largest retailer, hailed “record” earnings for 2010 when it delivered its full-year results earlier this week. However, the group’s share price dipped following the announcement as the company’s 2010 performace and plans for international expansion in 2011 failed to excite investors. Katy Humphries reports.
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