France: Colruyt to sell store network
Grocery retailer Colruyt has confirmed that the company is planning to sell its 101-strong store network in France in order to refocus its efforts on its home market of Belgium. According to sources, the firm’s French retail network is mostly concentrated in eastern France, and is largely comprised of mid-size stores around 1,000 sq m in size. […]
Belgium: Colruyt opens ‘farm shop’ concept store
Colruyt, a Belgian supermarket chain primarily focused on discount retailing, is opening a new ‘deli’ concept store with the aim of showcasing quality artisanal produce. According to De Standaard, the store, named ‘Cru’, will not have a discount focus and will instead replicate the feel of a farm shop – from the rustic ‘farm’ styling […]
Belgium: Colruyt issues profit warning
Belgian retailer Colruyt has issued a profit warning after revenues failed to grow as expected in Q3, Just Food reports. Net profit for the year to March is expected to be down on the previous year when net profit totalled €EUR353.7, up 31% on 2012/13. “In the last months revenue has been increasing less rapidly […]