The retailer Auchan plans to open ten to fourteen new hypermarkets in Russia next year, the general director of Auchan Russia, Jean-Pierre Germain, said during a press conference in Moscow on Nov.18.
The Austrian food retailer, SPAR Oesterreichische Warenhandels AG, will expand their existing logistics center in Wels by more than 107,639 square feet.
Fresh & Easy Neighbourhood Market Inc., the U.S. grocery chain owned by Tesco, cancelled its proposed auction after receiving no offers to compete with a bid from an affiliate of billionaire Ron Burkle's Yucaipa Cos.
Asda, the U.K. supermarket chain owned by Wal-Mart Stores Inc. will invest £1.25 billion over the next five years to help stave off discounters and upscale grocers.
Wal-Mart Stores Inc., the world’s largest retailer, cut its annual profit forecast for the second time this year as the slow economic recovery and increased competition from dollar stores reflect on sales.