South African retailer Woolworths reported a 17 percent rise in first-half profit on Thursday as its well-heeled customers splashed out on luxury goods even as the rest of the consumer market grapples with high personal debt.
Shares in the UK's fourth largest supermarket chain, WM Morrisons, spiked this morning amid reports that the company's founding family has contacted private-equity funds to gauge interest in a buyout deal.
Whole Foods Market Inc lowered its 2014 sales and profit forecast on Wednesday for the second time after first quarter revenue missed Wall Street expectations because of growing competition in the fresh and organic foods market.
Kroger Co, the biggest U.S. supermarket operator, faces a lawsuit claiming it deceived consumers by marketing a store brand as humanely raised chicken products when the animals were raised under standard commercial farming.
E. Leclerc, France's second-largest retailer by market share, warned on Monday that a difficult economic climate would slow its sales growth and domestic market share gains this year.
Independent discount retail is undergoing a boom to rival that of large chains such as Aldi and Lidl, according to a new survey by specialist wholesaler Rowan.
Carrefour is in advanced talks with K. Raheja Group-promoted HyperCity Retail (India) Ltd chain of supermarkets for a possible alliance, people close to the development said, requesting anonymity.
Walmart Canada said Tuesday that it plans to invest “nearly $500 million” in expansion in Canada in the coming year, which will include $376 million for new and expanded stores, $91 million for its distribution network and $31 million for e-commerce.
Russia's biggest food retailer Magnit said on Monday its sales rose by 25.2 percent in January, year-on-year, to 51.7 billion roubles ($1.5 billion), after a rise of 23 percent in the previous month.
Woolworths Limited on 6 February 2014 released its sales results for the first-half of the 2014 financial year (27 weeks to 5 January 2014) with key figures showing that group sales from continuing operations (excluding petrol) grew 5.8% to $28.2 billion.
Year-on-year growth in retail food sales is at its strongest since early 2010, according to a report from food manufacturing industry body the Australian Food and Grocery Council (AFGC) and packaging and distribution company CHEP.
King Kullen Grocery Co. said it would open its natural/organic banner Wild by Nature later this year at a site previously occupied by its King Kullen conventional store.
After negotiations between workers from bottling plants in Spain, and Coca-Cola Iberian Partners (CCIP),it has emerged that workers who are to be made redundant will receive an package of 30 days for every year with the company.
Pernod Ricard has announced that it intends to broaden its existing program of QR codes used to fight the problem of counterfeit products, sending it into the African and South American Markets.
