What is in this article?:
- Adonis Boosts Metro Results
- Adonis Expansion
“We had positive same-store sales growth. We’re pleased with that in a virtually nil inflation environment.”
— Eric La Fleche, president and CEO, Metro
Metro recently opened a new, 55,000-square foot Adonis store in Laval, Quebec, near Montreal, and plans to expand the Mediterranean food retailer to Ontario in the spring with a store in Mississauga. Metro acquired a 55% interest in the then-three-store banner and its supplier, Phoenicia Products, last October.
In addition, Metro is continuing the rollout of an upgraded perishables offering at its traditional stores and is “pleased with the results so far.”
“In Ontario, we have completed the remerchandising of our produce in our Metro stores with good sales and tonnage growth,” said La Fleche. “In Quebec, close to 100 Metro stores have seen their produce department remerchandised, and an additional 30 stores are planned for this fiscal year.”
He said the company is also seeking to upgrade the produce offering at its discount banners, and had revamped the departments in about of its Super C locations and 20% of its Food Basics stores.
Read more: Metro Acquires Ethnic Retailer
During fiscal 2012, the company and its licensee operators invested $282 million in the retail network, opening seven new stores and executing major renovations and expansions in 19 stores. It also closed 11 stores.
It projected capital expenditures of about $250 million for the current fiscal year and a 1.5% increase in square footage.
In addition, Metro said the construction of its new produce and dairy distribution center in Laval is on schedule and on budget. The center, projected to open next spring, will improve productivity, La Fleche said.
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