Safeway, a North America-based food and drug retailer, reported lower profits for the second quarter (Q2) ended 15 June 2013, due to one-time charges, including tax expenses from the sale of its Canadian operations.
Waitrose has recorded its highest frozen food sales on record in a normal week (i.e., outside Christmas and Easter) due to the long spell of hot UK weather.
Latest grocery share figures from Kantar Worldpanel have shown the big four UK supermarkets are still under pressure as a result of long-term market polarisation.
Wal-Mart Stores here said it opened 24 new locations across the country on Wednesday, including 12 Neighborhood Market stores and 12 new, relocated or expanded supercenters.
Saudi Arabia's Savola Group posted a 13.6 percent rise in second-quarter net profit on Tuesday as it gained market share in the kingdom's retail sector.
Conviviality Retail, the UK-based owner of off-license chain Bargain Booze, is mulling an initial public offering (IPO) to raise funds of up to £65m by the end of July 2013.
Foreign retailers aim to pursue new business models in China to compete with their mainland counterparts, as a surge in e-commerce crimps margins across the industry.
Loblaw envisions adding more grab-and-go foods to the Shoppers Drug Mart stores it has agreed to acquire, the company said in a conference call with analysts on Monday.
Russian food retailer O'Key said on Friday its like-for-like sales grew 9.6 percent year-on-year in the second quarter of 2013, after a rise of 5.3 percent in the previous quarter.
Fresh & Easy Neighborhood Market here said Wednesday it plans to send food trucks out to stores in California, Arizona and Nevada during the summer that will offer free samples of spicy items made with private-label products.
