Carrefour has announced its acquisition of Poland's Rast supermarket chain, which operates 10 stores in the north eastern store of Olsztyn, for an undisclosed fee.
UK supermarket operator Tesco today announced a sale and leaseback agreement for four of its stores in South Korea in a deal worth more than £355 million.
Mukesh Ambani's Reliance Retail is converting some of its big hypermarkets into wholesale cash-and-carry stores, in an apparent sign of modern retail's inability to effectively take on neighbourhood stores in India.
Kaufland, Carrefour and Lidl are the most powerful retail networks in Romania, being the top three players on the market in terms of household expenditures in the first half of 2013, according to a study conducted by GfK.
Woolworths and Wesfarmers-owned Coles are facing increased competition from smaller Australian and international rivals attempting to undercut their way into Australia's $120 billion food and liquor industry.
The Indian Government this week approved Tesco's plans for a $110 million investment into the country, which will establish a partnership with the Tata Retail Group.
Aldi Süd has announced that the financial expert Frank H. Lutz has resigned from the coordination council of the company, which is headquartered in Mülheim an der Ruhr.
ATO Shanghai worked with Tmall.com, the largest online B to C shopping platform in China to launch a pre-sale American food promotion from Dec 26, 2012 to Jan 15, 2013.
The United Fresh Produce Association is accepting nominations for its annual retail produce manager awards program, which honors 25 managers at the organization’s June 10-13 convention in Chicago.
A Hannaford Bros. store here that was supposed to be closed for Christmas opened to provide food for local workers who were seeking to restore power to the storm-ravaged region, Hannaford said.
Mi Pueblo Food Centers, which is seeking to reorganize under Chapter 11 bankruptcy, said customer transactions fell 16% in November, vs. the year-ago period.
The appointment of a financial and IPO expert to head its Brazilian operations signals Carrefour may list a stake in that business, as Europe's largest retailer looks to accelerate growth in a key market without adding to its debt.
