"The vast majority of consumers don't buy their household essentials online, and we set out to change that at Alice by taking a completely fresh approach to the industry," said Brian Wiegand, chief executive and co-founder. "By eliminating the traditional retail layer, we allow the companies that produce these goods to connect directly with the people who use them."
"The worst is over and from here on we will have a rebound in Brazil's economy," he said. Nunez said he expected Brazil's economy to grow between 1.5% and 1.8% in the second quarter of the year.
RUSSIA: Carrefour has opened its first hypermarket in Moscow. The store is the first of three due to open in Russia this year.
"We believe the opening is an important step for our development in Russia and will have a positive impact on the economic development of the city," said Jacobo Caller, director general of Carrefour in Russia. Meanwhile, reports claim Carrefour plans to close more than 20 Express stores in Poland. Local retailers Piotr i Pawel and Biedronka are understood to be interested in buying them.
THE NETHERLANDS: An Ahold subsidiary is aiming to reduce its debt and interest payments by repurchasing all outstanding 8.25% guaranteed senior notes, worth a total of $690m and due in July 2010. Ahold Finance USA will fund the repurchase out of existing cash balances. Separately, Peter Wakkie, Ahold's chief corporate governance counsel, has announced his retirement.
John Rishton, chief executive, said: "He has played an enormous role in shaping Ahold's strategy for sustainable profitable growth."
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