Wal-Mart Stores Inc.’s Greg Foran (pictured), a fast-rising executive at the retailer’s Asia operations, will take over as head of its US division for Bill Simon, who is leaving the company.
GPA SA , Brazil's biggest retailer, expects the gross profit margin of its food business to remain at the level seen in the second quarter, executives said on Thursday.
Three Carrefour hypermarkets in Madrid, Spain, will pilot Proximus' solution to track shopping trolleys and baskets this autumn, according to a report in the RFID Journal.
UK waste management company Biffa and Sainsbury have unveiled an innovative facility that will allow the UK retail group’s Cannock store to run on power generated solely from the supermarket’s own food waste.
Russia's biggest food retailer Magnit raised its full-year forecasts on Wednesday after it reported strong quarterly earnings, proving resilient to Russia's slowing economy.
Herbalife Ltd shares fell the most in three months yesterday after billionaire Bill Ackman vowed to show Enron Corp.-like fraud at the seller of supplements and weight-loss shakes.
Wal-Mart Stores Inc. plans to cut prices more aggressively during this year’s back-to-school season and will add inventory to its online store as the chain battles retailers for student spending.
Shinsegae Group, the nation’s largest retailer, is planning to expand in Korea’s crowded convenience store sector, aiming to open 1,000 With Me outlets by the end of this year.
The Philippine licensee of the 7-Eleven chain of convenience stores grew its profit by a fourth in the second quarter of the year on higher same-store sales.
Newell Rubbermaid Inc. agreed to buy Ignite Holdings LLC from private-equity firm North Castle Partners for about $308 million, gaining a line of travel mugs and water bottles.
Tesco Plc has announced that its chief executive, Philip Clarke (pictured), will leave the role in October and will be replaced by Unilever's Dave Lewis.
Karl Albrecht, the reclusive businessman who became one the world’s wealthiest people after co-founding the Aldi discount supermarket chain after World War II, has died. He was 94.
Tesco has announced price promotions on British lamb after being criticised by farmers for slashing the retail price of New Zealand cuts at the height of the homebred lamb season.
