Soriana has reported a decline in first-quarter profit to 770m pesos, from 794m pesos in 2010, according to Reuters.
Mexico's number-two retailer after Wal-Mart de Mexico revealed a 5 per cent rise in costs, largely relating to the integration of 37 new stores in the past 12 months.
Same-store sales were down 2 per cent, a decline the company blamed on the late Easter holiday, which this year fell outside the January-March period.
Revenue rose from 22.25bn pesos to 22.4bn pesos.
Legislation targets Australian farmers, wholesalers and transporters with Australian tax incentives to donate surplus fruit, vegetables and protein to food relief charities
Executive chair Richard Walker says he wants to advocate for customers and colleagues and narrow the gap between government and British high streets
The UK discounter will remove and recycle pineapple crown prior to sale
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The group said it was confident Sosef’s “extensive experience and innovative vision” would drive the division to new heights
Eight members elected at the organisation’s recent AGM
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