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Portugal's Sonae Posts Turnover Increase Of 7.2%

Portuguese retail and services group Sonae has posted an increase in turnover of 7.2% to €5.4 billion, surpassing the five billion euro mark for the f...

Sainsbury's Like-For-Like Sales Drop While Argos' Surge In Q4

UK retail group J Sainsbury Plc registered a small combined like-for-like sales increase of 0.3% for its Sainsbury's and Argos chains, in the nin...

US Retail Sales In February Post Smallest Gain In Six Months

US retail sales in February posted the smallest gain in six months, indicating a tempering of the consumer spending that’s been carrying the economy....

Ahold Delhaize Divests Stores To Fulfil Belgian Competition Conditions

Ahold Delhaize has announced that its Belgian subsidiaries have agreed to divest five stores and one unspecified project in the country, in order to satisf...

Tesco Gaffe On Endangered White Men Has Horrible Timing: Gadfly

There's never a good time for a corporate faux pas. For Tesco Plc Chairman John Allan, ill-judged comments that white men on boards are an endangered speci...

Swiss Buying Group EMD Goes Down Under With Woolworths Deal

Switzerland-based buying group European Marketing Distribution AG (EMD) has announced a partnership with Australian retailer Woolworths, taking the group D...

Auchan Holding Posts 'Solid And Improving Results' In 2016

French retail group Auchan Holding, the parent company of Auchan Retail and Immochan, has posted 'solid and improving results' for 2016. Its increase in...