All Switzerland articles
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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DataData: The world's most expensive cities for retail rent
London has been named the second most expensive market in the world for retailers to rent stores.
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AnalysisH&M reports flat profits in third quarter after being hit by strong dollar
H&M has reported flat profits in its third quarter after the fashion retailer was negatively impacted by the strong dollar.
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NewsPhase Eight enters a new phase as it drives forward with global ambitions
Phase Eight has posted record annual results driven by its international growth as it plans to become a global business.
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NewsWaitrose to supply Swiss department store Manor
Waitrose has struck a deal to supply upmarket Swiss department store Manor as it builds its international export business.
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News
Migros Basel shelves expansion plans
Migros Basel, a co-operative of Swiss grocer Migros, has shelved expansion plans for Germany for the indefinite future.In an interview with Bilanz magazine, Migros chief executive Herbert Bolliger said Migros Basel’s expansion strategy had not worked.Migros entered the German market in 1995, but operates only four Migros stores in the ...
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Spar reports net sales increase
Spar has reported a 3.8% net sales increase for the year to December 31, 2012 to CHF1.04bn (£705.4m).Net sales for the 170 Spar, Eurospar and Spar Express stores increased by 2.3% to CHF567m (£384.6m), despite prices being lowered by 1.2%.This year the retailer will open five new Spar supermarkets.
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Migros Zürich to takeover German grocer Tegut
Migros Zürich, a co-operative of Swiss retailer Migros, is to complete a takeover of German grocer Tegut by January 2013.Tegut operates about 290 outlets in Germany. In 2011 it generated sales of e1.17bn (£944m). Migros Zürich said the takeover will strengthen its business.
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News
Migros tests convenience store concept, Migros-Express
Swiss retailer Migros is testing a convenience store concept called Migros-Express. The stores are located near railway stations and will be open all week, including Sundays.The product range is targeted at the commuter market. After the first openings in Rapperswil and Luzern, Migros opened a third store in Zürich-Altstetten with ...
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Migros and Coop adapt PoS terminals
Grocers Migros and Coop plan to adapt their PoS terminals to accept near field communication payments by mid-2013, Neue Zürcher Zeitung has reported.The technology also allows contactless payment using near field communication-enabled mobile phones. The initiative is expected to increase acceptance of the technology in the country.
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Denner launches smartphone app
Migros-owned discount chain Denner has launched a smartphone app enabling customers to access detailed information on its range of wines.The application is available free on Apple and Android devices and allows filtering by price and origin. Customers can also find information by taking pictures of labels, as well as search ...
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Grocer Migros to roll out self-scanners
Grocer Migros is to roll out self-scanning with mobile devices across the country next year. The retailer has been testing mobile scanning with technology from Motorola since 2011, as well as stationary self-checkouts.While mobile self-scanning has been tested at two stores, stationary self-checkouts have been installed at three; both options ...
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Coop (Switzerland) announces preliminary sales
Coop (Switzerland) has announced preliminary sales for its 2011 financial year. Net sales rose 38.9% to CHF27.8bn (£18.90bn) thanks to the full acquisition in January 2011 of TransGourmet, the former 50:50 wholesale and food-service joint venture between Coop (Switzerland) and German Rewe Group. Sales at the retail division fell 0.9% ...
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Media-Saturn launches Media Markt online shop
Metro Group-controlled Media-Saturn in Switzerland has launched its Media Markt online shop.The site currently offers 1,000 items but the range is to be expanded to 1,500 products in the future. Saturn’s ecommerce presence is due to follow next year.
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Lidl denies withdrawal from Switzerland
Schwarz Group-owned discounter Lidl has denied it plans to withdraw from Switzerland. Following the recent demise of its long-standing country director Andreas Pohl, it has been reported that his successor, Matthias Oppitz, has been asked to place the Swiss operations under close scrutiny and freeze costs. Lidl is reportedly lagging ...
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SPAR to launch a new convenience concept
SPAR in Switzerland has entered into a partnership with A H Meyer & Cie AG, to launch a new convenience concept, SPAR express at AVIA petrol stations. The first outlet opened in Zurich last week, with a second opening due this week. The SPAR express stores have a sales area ...
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Migros records £16.35bn in net sales
Supermarket chain Migros has reported preliminary group net sales of CHF25.03bn (£16.35bn) for 2010, representing a slight increase of 0.3% compared with 2009.Lower prices of Migros’ products, alongside a currency-related decline in sales in the travel business, affected Migros Group’s sales during the year. The retail segment of the group ...
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AnalysisInternational grocers are catching on to app fever
After successful launches by the UK’s Ocado and Tesco, international grocers from Germany to Australia are now looking to capitalise on the trend towards mobile shopping.
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News
C&A turnover flat at £5.56bn
Fashion retailer C&A generated turnover of e6.3bn (£5.5bn) in the year ended February 2010, up by just 0.03% on the previous year.Sales growth was seen in Belgium and Luxembourg (3.2%), in Austria (1.1%), in Germany (0.2%) and in its online business. But turnover dropped in Spain and Portugal (-2.6%), Eastern ...
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Migros net sales down 3%
Swiss market leader Migros reported group net sales declined 3% to CHF24.95bn (£14.7bn) for 2009.The group blamed lower prices of Migros’ products, a dramatic drop in crude oil prices and a decline in business travel for the drop. However, net profit soared 20.8% to CHF846m (£500m). And the group’s other ...