Retail

Costco Misses Revenue Estimates On Choppy Big Ticket Spend

Costco Wholesale missed market expectations for fourth-quarter revenue on Thursday, hurt by cautious consumer spending on pricier items at its membership-o...

Pepco Says Supply Chain Disruption Continues To Dent Sales

European discount retailer Pepco Group said its fourth-quarter underlying revenue was lower than the prior year, partly related to supply chain disruption.

Maiora Completes Acquisition of Regina Group in Italy

Italian retail group Maiora has finalised the acquisition of the Regina Group, a regional player operating in the Calabria and Basilicata regions.

IKEA Shopping Mall Arm Opens €1 billion Shanghai Development

IKEA's shopping malls business Ingka Centres opened a mixed-use project in Shanghai on Friday, costing over 8 billion yuan (€1.02 billion) and represe...

Carrefour Spain Invests Over €84m In Price Reduction Initiative

Carrefour Spain is investing over €84 million this year in a series of price reductions to support its customers amidst cost-of-living concerns.

Britain's Sainsbury's Sells Cash Machine Business

British supermarket group Sainsbury's said it has sold its cash machine operation in a further move to simplify its banking business and reduce costs.

Green Startup Scoops Huge Prize At Gulfood Green

Gulfood Green, ISM Middle East and Private Label Middle East, hosted a combined food show at Dubai World Trade Centre on 26 September, with recognition for...

UK Supermarket Morrisons' Sales Growth Slows In 'Softer' Market

British supermarket group Morrisons' underlying sales growth slowed in its third quarter, reflecting what its new boss said was a "noticeably softer&q...