Retail - Featured Post

Mercadona To Invest €1.8bn In 2020 As Part Of Transformation Plan

Spanish supermarket giant Mercadona has announced that it is to invest €1.8 billion this year to execute its transformation plan. The funds will be...

Walmart Embraces Sanitised Trolleys And Tackles Price Gouging In Response To COVID-19

Walmart has said that it is taking steps to sanitise shopping carts and is tackling price gouging by third-party sellers as it seeks to deal with the growi...

Over A Third Of UK Shoppers Already Stockpiling Food, Study Finds

Just over a third (34%) of UK shoppers are already stockpiling food in case of an escalation in the coronavirus outbreak, a new study has found. HIM &am...

UK Retail Sales See Marginal Growth In February: BRC-KPMG

Retail sales in the UK saw a marginal growth of 0.1% in February 2020 compared to a 3.2% increase in the same period last year, the latest BRC–KPMG R...

Tesco Agrees Sale Of Thailand And Malaysia Businesses To CP Group

Tesco has announced it has agreed to sell its Thai and Malaysian businesses to CP Group, a Bangkok-based food, retail and agri conglomerate. The transac...

Czech Investor Kretinsky Raises Stake In French Retailer Casino

Czech billionaire Daniel Kretinsky has tightened his grip on French retailer Casino, raising his stake to 6.88% of the capital and 5.17% of the voting righ...

'Significant Groundwork' Undertaken To Turn Around Spain's DIA, Says CEO

The chief executive of troubled Spanish retailer DIA has said that "significant and crucial groundwork" has been undertaken in the process of tur...

Carrefour Raises Cost Savings Goal As 2019 Core Profits Rise

France's Carrefour has raised its savings target as Europe's largest retailer delivered cost cuts of €1 billion last year, helping it fund e-commerce...