Russian food retailer X5 Retail Group said on Thursday its second quarter net retail sales rose 7.8 percent, driven by an increase in selling space in its stores, higher prices and better performance of shops added over the past two years.
Seven-Eleven Japan Co. opened a 24-hour convenience store at Terminal 2 of Narita International Airport on Wednesday, the first around-the-clock convenience store at the airport.
Prices of edible agricultural products taken from a survey of 36 large and medium sized cities across China fell for the second consecutive week in the week of 24-30 June, according to the Ministry of Commerce.
Family Dollar grew sales and market share during the third quarter but earnings were flat and margins were down, officials of the discounter here said Wednesday.
Russian food retailer Magnit said on Wednesday its sales rose by 30 percent in June, year-on-year, to stand at 47.5 billion roubles ($1.4 billion), after a rise of 34.5 percent in May.
The Kroger Co. and Harris Teeter Supermarkets, Inc. announced a definitive merger agreement under which Kroger will purchase all outstanding shares of Harris Teeter for $49.38 per share in cash.
The ACCC has announced that it will not oppose a proposed acquisition by Woolworths of the Supa IGA supermarket in Hawker (Australian Capital Territory).
Yonghui Superstore, a pioneering chain store that helped introduce fresh food into supermarket circulation, has partnered with State-owned Shanghai Vegetable Group Co to run a fresh food market in the city.
We review the top five grocery retailers in Europe – Carrefour, Tesco, Schwarz, Auchan and Aldi - and the tactics they are employing to drive growth and stay at the top of their game.
Swift responses from Nestle and Danone to Beijing's announcement that it was investigating possible price-fixing of instant milk formulas are textbook examples of how firms should deal with such crises in China.
Carrefour has signed franchise agreements with two new chains in Romania, a step that will see it add 20 Carrefour Express to its network in the country.
