Britain's No. 4 grocer Wm Morrisons will announce a management restructuring in its stores within weeks that could mean losses of up to 2,000 jobs, the Guardian newspaper reported on Thursday, citing sources.
Food and beverage company Retail Food Group (RFG) has reported seven consecutive years of Earnings Before Tax and Interest (EBIT) growth since first listing on the ASX 20 June 2006.
Supermarket group Coles has expanded its financial services offering to Australian consumers, with the launch of a new life insurance, with prices starting at $1.00 a week.
Spanish supermarket chain Eroski has unveiled a new line of private label coffee pod capsules, which have been created by the design agency Supperstudio.
Belgian international food retailer Delhaize Group has completed the divestment of its Sweetbay, Harveys and Reid’s operations to Bi-Lo Holdings for a sum of $246m.
Portuguese-owned supermarket chain Biedronka has received clearance from the Polish competition regulator for the acquisition of 11 MarcPol stores in the country.
Tesco, Britain's biggest retailer, is expected to report on Wednesday its worst quarterly performance in its key home market since Chief Executive Phil Clarke took the helm in 2011.
Wal-Mart Stores Inc., Chief Executive Officer Doug McMillon said the world’s largest retailer may use 3-D printers for producing supplies and might even make an acquisition in the market.
Costco Wholesale Corp., the largest US warehouse-club chain, posted fiscal third-quarter profits that missed analysts’ estimates even as comparable sales gained 6%.
Belgian international food retailer the Delhaize Group announced early this morning that Dirk Van den Berghe has decided to resign from his position as CEO of the company's operations in Belgium and Luxembourg.
Wal-Mart Stores Inc., the world’s largest retailer, drew fresh criticism from shareholder-advisory firms over topics ranging from executive compensation to its handling of a foreign-bribery scandal.
Wesfarmers has revealed its strategy for growth for the coming financial year at an investor briefing today. The strategy includes revelation of the plans for supermarket group Coles.
India's top 10 food retailers are estimated to have accumulated losses worth $2.20 billion in the fiscal year ended March 2014, as they scaled up operations and refined their business models, according to a report by ratings agency Crisil.
Australian shopping plaza operator Westfield Group launched a food-ordering pilot program on Wednesday, becoming the latest in the mall industry to test ways to stem a consumer drift toward e-commerce and away from brick-and-mortar stores.
British supermarket chain Morrisons is reportedly introducing new charges which will be levied on suppliers to cover the cost of approving own-label products.
