Retail archive – Page 548
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ArticleSales increase for Metro in 2008
The group rode out a "challenging" 12 months to enjoy sales growth, although 2009 is set to be "difficult", according to group CEO Eckhard Cordes
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ArticleTesco reports "tough" Christmas
Supermarket giant Tesco has reported its slowest Christmas period since the early 1990s as the country's biggest retailer felt the pinch of the economic downturn.
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ArticleDoug McMillon joins Wal-Mart
The retail group has named Doug McMillon its new president and CEO of the company’s international operation as of February
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ArticleMagnit enjoys strong December
The Russian food retailer has defied a weakening economy and low consumer confidence to enjoy a fruitful month
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ArticleMorrisons creates 5,000 jobs
Morrisons gave a boost to Gordon Brown's jobs summit by announcing plans to create 5,000 jobs this year.
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ArticleHigh food prices to persist
Economists suggest US food retail prices may not decrease significantly for some time this year despite a slight drop during the last quarter of 2008
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ArticleRetail Focus | Europe's top 20
2008 saw the rise of the discount retailer as the global economic crisis took hold
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ArticleOcado sees huge sales boost
Upmarket online delivery firm Ocado had its best Chrismas ever almost doubling its previous sales figures.
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ArticleSouth African plum sector pioneers
A pioneering campaign backed by the South African stonefruit industry and the South African government to promote the country as the preferred source of plums and as a top tourist destination has been launched in London.
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ArticleBurkle snaps up "undervalued" Whole Foods shares
Investor Ron Burkle has built up a 7 per cent stake in the natural and organic grocery chain
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ArticleBasics boost gives Sainsbury's the edge
Sainsbury’s has hailed its no-nonsense Basics range as the key to its festive boost, but admitted its premium range was suffering.
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ArticleSales up at Great Atlantic & Pacific
The US retail group has reported a strong third quarter of 2008/09
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ArticleQuarterly loss for Supervalu
The US retailer has been hit by the current economic crisis as net earnings plummeted
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Article
Food retailers faring better
Retailers of food and drink are weathering the storm of tough trading conditions better than their counterparts in other sectors, according to business adviser and accountancy firm Grant Thornton.
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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