Retail archive – Page 515
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ArticleBananas "recession resistant" says Chiquita
Group CEO Fernando Aguirre has called bananas "great value" during difficult economic times across the globe
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ArticleMixed December results for Walmart
The US retail giant saw domestic sales grow during the last month of 2008, while international sales dropped by 10.4 per cent
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ArticleSainsbury’s ‘best ever’ seasonal results
British retailer achieves like-for-like sales growth of 4.5 per cent during Christmas period despite “challenging” economic situation
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ArticleContrasting fortunes for Japanese retailers
Seven & I has reported profit growth for the third quarter ended in November 2008, with Aeon's nine-month profit falling
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ArticleVietnam set for “phenomenal” retail growth
Vietnam has paved the way for tremendous growth in its retail sector now that foreign companies are allowed to set up wholly-owned businesses
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ArticleFresh & Easy launches produce packs
The retail group is offering cheap fresh fruit and vegetable packs to help US consumers eat healthily during the recession
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ArticleWalmart expands local store network
The retailer’s Neighborhood Market concept is gaining pace across the US, offering consumers Walmart value in a smaller, local store format
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ArticleM&S closes stores and axes more than 1000 staff
Marks & Spencer (M&S) will cut 1,230 jobs and close 27 stores after reporting one of its worst Christmas trading performances ever.
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ArticleSales down, jobs cut at M&S
The retailer has revealed that group sales dropped 1.2 per cent during the third quarter of 2008/09
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ArticleFood sales to remain steady in Austria
USDA report suggests increased demand for healthy products will push up sales despite anticipated economic slowdown
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ArticleCup 'n Go opens first Dutch store
Convenience format dedicated specifically to potatoes and sweetcorn begins pilot scheme in the Netherlands following German roll-out
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ArticleMarks and Spencer to slash 1,000 jobs
The economic crisis has taken its toll on the UK-based retailer, which experienced "dire" Christmas trading, according to reports
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ArticleSupermarkets step into pound land
Morrisons, Sainsbury's and Tesco are to follow Asda into pound land and slash prices on fresh produce in a bid to regain custom from discounters.
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ArticleAeon slows Chinese expansion
Japanese retailer Aeon has throttled back its expansion plans in China
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ArticleModern retail out for the count in India
Modern retail has lost the 2008 round in India, according to the industry
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ArticleWalmart signals Russian intentions
The US-based giant has joined the Russian retail association, with officials indicating that the group is working on a project in the country
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A steady ship on rough seas
The fresh produce sector is well equipped to ride out the global economic storm, which looks set to continue raging well into 2009
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ArticleM&S food buoyant despite slump
Marks & Spencer has benefited from festive food treats, with consumers trading up to premium ranges, but the retailer is still expected to report its worst Christmas since its inception.
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BRC reports "poor" festive spending
The British Retail Consortium (BRC) has reported a “poor Christmas for retailers” ahead of its December figures, to be released next week.