Vietnam's VN Index lost 0.6 percent to close down for a fourth successive day as investors sold to protect their profits, with stocks in food processing and real estate sectors leading the decline, traders said.
Slovenia's largest beverage producer Pivovarna Lasko on Friday said that it will sell its stake in the country's largest food retailer Mercator to Croatian food producer and retailer Agrokor.
Burger King recently made its first break into the newly lucrative South African $1.9 billion rand a year fast food market, but it’s a little late to the game.
Carrefour is expanding its presence in Africa in a bid to take advantage of high economic growth rates and the changing spending habits of the region's burgeoning middle class.
Kroger Co. announced Wednesday that it has begun rolling out its Project Mercury data synchronization and master data management project in nine product categories, or “classes.”
Okey-Dokey Grocery, the Russian-backed retail venture that envisioned opening as many as 400 small discount grocery stores around Florida, has closed or will close all of its stores, local sources told SN.
Empire Co Ltd said it is acquiring Safeway Inc's assets in Canada for $5.7 billion, in a move that will nearly double its reach in the country's western provinces.
Wm Morrison Supermarkets, Britain's No. 4 grocer chains, told shareholders they will have to be patient as the firm tries to catch-up with rivals which have much bigger online and convenience store offers.
Dixy Group, Russia's third-largest food retailer, said on Thursday that its revenue grew 25.4 percent in May, year-on-year, at the same pace as it was in April.
Published: Jun 13, 2013
By: Dhanya Skariachan and Jessica Wohl
Wal-Mart Stores Inc has in recent months been only hiring temporary workers at many of its U.S. stores, the first time the world's largest retailer has done so outside of the holiday shopping season.
Sales at Britain's No. 3 grocer J Sainsbury outperformed market leader Tesco in the first quarter, stellar growth online and in convenience stores more than offsetting sales falls in traditional supermarkets.
China Resources Vanguard, a flagship operating supermarket chains of China Resources, plans to expand its retail network by opening 80 new stores by the end of 2016.
Chinese retail sales grew 12.9% in May 2013 compared to the same month a year ago, according to the data released by National Bureau of Statistics (NBS).
Scottish food and drink manufacturers have led the country’s manufacturing sector to achieve a record £21M of business efficiency savings in the past year, according to new figures from Scottish Enterprise.
Wal-Mart Stores Inc's board approved a $15 billion stock repurchase plan, its first in two years, the world's largest retailer announced at its annual meeting on Friday.
Wal-Mart Stores could accelerate the opening pace of its Neighborhood Market grocery stores, Bill Simon, the retailer’s U.S. chief executive officer, said here Thursday.
Russia's third-largest food retailer Dixy Group said on Thursday its first-quarter net profit rose 9 percent, year-on-year, to 386 million roubles ($12 million).
Global food prices were little changed in May, the United Nations' food agency said on Thursday, as declines in dairy and sugar costs were offset by rising maize prices.
