All News articles – Page 1635
-
News
Carrefour to open its first cash-and-carry outlet in Argentina
Carrefour will open its first cash-and-carry outlet in the country later this year, adding to its Express y Mini convenience stores and local hypermarkets.The retailer will use the Brazilian brand Atacadão, which it has already exported to Colombia.The first Argentinean Atacadão will open before the end of the year in ...
-
News
Kroger’s profits decline
Grocery retailer Kroger’s net profit declined 14.1% to $373.7m (£251.6m) in the first quarter to May 22. Total sales, including fuel, rose 8.7% to $24.8bn (£16.7bn), while sales excluding fuel increased 3.1%. Like-for-like supermarket sales, without fuel, were up 2.4%. Kroger’s chairman and chief executive David Dillon said: “The total ...
-
News
Otto Group posted an EBIT of €34m
Retail and mail order conglomerate Otto Group has posted an EBIT of €34m (£28.5m) for the year ended February 28, compared with a loss of €95m (£79.6m) in the previous year.EBITDA rose to €314m (£263m), up from €229m (£192m).The company said it achieved growth in all its business segments, with ...
-
News
Metro in no rush to sell off Kaufhof
Metro Group chief executive Eckhard Cordes has declared that he is in no rush to sell off its Kaufhof department store division. All potential bidders are thought to be financial investors, who have found themselves struggling to secure funds after an increase in fortunes in recent weeks at Kaufhof. Cordes ...
-
News
Celesio and Phoenix merging
Pharmaceuticals retailers Celesio and Phoenix said they are merging their activities, making the new joint venture company number two in terms of sales in the Dutch pharmacy market.The new company will have 115 own pharmacies and about 40 franchised shops. It will have 1,600 employees after the merger and generate ...
-
News
CVS Caremark and Walgreens still working together
Following a very public spat last week, CVS Caremark and Walgreens have reached an agreement whereby Walgreens will continue participating in CVS’s Caremark pharmacy benefit management national retail network for existing, new and renewal plans.The companies are not disclosing the financial terms of the new contract.
-
News
Costco lobbies Washington state for new liquor distribution laws
Costco is to lobby the Washington state government in an effort to shake up liquor distribution laws.
-
NewsRobert Tchenguiz trust to hand over £137m Somerfield proceeds to Kaupthing administrators
A trust connected to investment tycoon Robert Tchenguiz has abandoned its legal fight to retain £137m of proceeds from the sale of grocer Somerfield.
-
NewsiPhone 4 launch attracts long queues
Long queues formed outside stores such as Apple and O2 ahead of the launch of the iPhone 4.
-
NewsAsda aims to absorb VAT rise
Grocery and general merchandise giant Asda intends to shelter shoppers from the worst of the VAT rise in the new year.
-
NewsGap reveals plans for China
Gap has revealed plans to enter into the Chinese market, starting with four stores and an online site to launch towards the end of this year, and has poached senior executives from Tesco and Best Buy to lead its charge into the country.
-
NewsH&M profits soar 25% in the second quarter
Swedish fashion group H&M reported a 24% rise in profit for the second quarter of the year.
-
NewsProfits up at DSGi after strong second half
Electricals giant DSG International grew underlying profits by 61% to £90.5m in the year to 1 May, helped by a much-improved second-half performance.
-
NewsPhones 4u opens ‘Blackberry Zone’
Phones 4U has opened a Blackberry Zone at its flagship Tottenham Court Road store.
-
NewsRetail sales fall in June lower than expected, CBI reports
Retail sales fell in June, although to a lesser extent than had been expected, the CBI Distributive Trades Survey showed.
-
NewsWaitrose acquires Channel Island supermarkets
Waitrose is expanding its presence to the Channel Islands after buying five supermarkets from Sandpiper.
-
NewsOne Stop invests in Galleria merchandising system
Tesco-owned convenience chain One Stop is to optimise selling space in its stores using a merchandising system from Galleria.
-
NewsWaitrose to take Duchy Originals to America
Waitrose is making its first foray into America by selling Prince Charles’ Duchy Originals in the US.
-
NewsWilkinson full year profits rocket
Value chain Wilkinson has had another strong year with profits more than doubling in the year to January 29.
-
NewsSainsbury’s unveils biggest ever Back to School range
Sainsbury’s has launched its biggest ever Back to School range as it aims for record year-on-year growth in the category.