Retail - Featured Post

U.K. Grocer Morrison Cuts Prices To Counter Brexit Concerns

Wm Morrison Supermarkets Plc is cutting the prices of 1,045 items by an average of 18 percent in a bid to squelch fears that the U.K.’s vote to leave...

Lithuania’s Maxima Grupė Acquires Bulgarian Stores From Penny Market

Maxima Grupė subsidiary Maxima Bulgaria has announced that it has acquired 12 stores from Germany’s Penny Market, part of the Rewe Group. The stor...

Groupe Casino Sees Net Sales Up 2.7% In H1

France’s Groupe Casino saw its group consolidated net sales rise 2.7% on an organic basis to €19.7 billion in the first half of the year, accord...

Jerónimo Martins Sees Net Profit Increase 15% In First Half

Portugal's Jerónimo Martins has posted a net profit increase of 15% to €172 million in the first half of the year, the company has reported....

Carrefour First-Quarter Profit Beats Estimates On Europe Sales

Carrefour SA, France’s largest retailer, reported higher first-half earnings and maintained its full-year outlook as European revenue held up despite...

Survey Finds European Consumers More Concerned About Brexit Than British

Surveying over 7,000 consumers across Germany, Spain, Italy and Poland, market intelligence agency Mintel has found European consumers to be more concerned...

Spain's DIA Group Posts €5bn In Sales In First Half

Spanish retail group DIA has posted gross sales under banner of €5.04 billion in the first half of the year, which is a 12% increase in local currency...

Nielsen: Value Of UK Supermarket Sales Down 2.4% In Past Month

Nielsen has released UK supermarket sales data for the four weeks to 16 July, which indicate that the value of sales was down 2.4% compared to the same per...