Spar International has today reported global retail sales of €32.2 billion for the year ending 31 December, 2013 – an increase on 2012 of 4.1% on a constant currency basis.
UK supermarket chain Sainsbury's has announced that it will work with Quantum Retail Technology in a bid to optimise its fashion and general merchandise inventory as well as its supply chain.
US retailers’ first-quarter earnings are trailing analysts’ estimates by the widest margin in 13 years after bad weather and weak spending by lower-income consumers intensified competition.
Retail conglomerate China Resources Enterprise (CRE) said on Monday its first-quarter net profit fell 30.5 percent, hit by competition from e-commerce and a softer Chinese economy.
Sprouts Farmers Market Inc., one of Whole Foods Market Inc.’s fastest-growing competitors, is undercutting the prices of its larger rival by about 13 percent, according to analysis by Bloomberg Industries.
Tesco Plc CEO Philip Clarke and other top managers will miss out on their annual bonuses for a second year running after failing to reverse falling profit at Britain’s largest grocer.
Tesco, the biggest retailer in the United Kingdom, is to remove all sweets and chocolate from its checkouts after it transpired its customers would be greatly in favour of the move.
Dutch retailer Ahold, the former parent company of US Foods Inc., has settled a class action lawsuit for $297 million based on allegations that for years it wrongfully inflated prices.
The Greencore Group has sold its foodservice desserts business, Ministry of Cake, for £11 million, which includes an upfront cash consideration of £8 million.
Despite the world's second largest retailer by sales, Carrefour, recently denying claims that it is poised to exit the Indian market, the Economic Times reported that it is about to do just that.
Indonesian retailer Mitra Adiperkasa said it will sell majority stakes in its Domino's Pizza and Burger King chains to keep its capital to develop its other franchises.
United Arab Emirates-based supermarket chain Lulu Group said on Monday it plans to invest $200 million on halal-only outlets in Malaysia in the next two years ahead of expanding into other south Asian markets.
