Retail - Featured Post

Tesco Taking A 'Serious Look' At Removing Unnecessary Parts Of Its Operation, Says Analyst

Following the news that Tesco has completed its exit from China, as well as announcing plans to cut its bakery facilities in its UK stores, a leading retai...

Tesco Completes China Exit With Joint Venture Stake Sale

Britain's biggest retailer Tesco has completed its exit from China with the sale of a 20% stake in a joint venture to a unit of its state-run partner China...

Associated British Foods Warns Coronavirus Threatens Future Supplies

Primark owner Associated British Foods warned on Monday there was a risk of supply shortages on some lines later in the 2019-20 financial year if delays in...

Jéronimo Martins Posts Record EBITDA, Strong Growth

Portuguese retailer Jéronimo Martins has reported a 7.9% rise in net profit, surpassing for the first time the €1 billion EBITDA mark, boosted...

Asda 'Slow To Adapt' To Lower Demand For Non-Food Items, Says Analyst

Asda has been 'slow to adapt' to declining demand for non-food products in its retail outlets, which is weighing on its performance, a leading retail analy...

Kesko's Acquisition Of Heinon Tukku Blocked By Market Court

Finland's Market Court has blocked the acquisition of the Heinon Tukku foodservice wholesale business by Kesko. The retailer announced its intention to...

Carrefour Brazil Acquisition Indicates Continuing Fusion Of Retail And Wholesale

The announcement by Carrefour Brazil that it is to acquire 30 cash and carry stores from Makro, and convert them to the Atacadão format, further und...

Norway's Meny Sees 3.4% Growth In 2019

Norwegian supermarket chain Meny has posted 3.4% growth in 2019, welcoming some 83 million customers through the doors of its stores last year. The reta...