Wal-Mart posted a 13% increase in second quarter sales helped by a 28% increase in food sales at its supercentres.
For the quarter ended July 31, total sales rose to $59.7bn from $52.8bn last year. Like-for-like sales rose 6.4% with a 7.1% rise at Wal-Mart stores and a 3.4% rise at Sam's Club stores.
Due to a slight slowing trend at the end of the second quarter, Wal-Mart said it now expected like-for-like sales to increase by 4 to 6% in the third quarter.
n PR sales soar
Pernod Ricard's first-half sales jumped 18% on the back of huge growth at its spirits and wine division following the purchase of part of Seagram's drinks business last December.
To June 30, total sales at the French drinks group rose to 12.6m while sales of spirits and wine soared 78% to 11.5m. Seagram brands such as Martell brandy and Chivas Regal scotch generated sales of 1604m, although those two lines were down 21% and 19% respectively.
n Disco control
Global retailer Ahold has taken full control of its Argentinian supermarket chain Disco after its local joint partner Velox Retail Holdings failed to meet loan payment commitments to banks.
Ahold bought Velox's shares in the Disco chain for $490m, which it said would generate a bad debt in the second quarter of up to 1450m.
The Dutch-based group now owns 236 Disco supermarkets in Argentina, and has a 70% stake in 117 Santa Isabel supermarkets in Chile, Peru and Paraguay.
Last month Ahold said full-year earnings per share would drop from 15% to between 5-8% due to the continuing economic crisis in South America, the cost of integrating its Superdiplo stores in Spain, and global financial turmoil.
n Fail safe device
Auchan is to introduce a new system at its 116 stores in France to enable checkout staff to inform customers of any promotions they may have missed in store. The system picks up on previously scanned items and relays this information in real-time to the till operator.
{{NEWS }}
For the quarter ended July 31, total sales rose to $59.7bn from $52.8bn last year. Like-for-like sales rose 6.4% with a 7.1% rise at Wal-Mart stores and a 3.4% rise at Sam's Club stores.
Due to a slight slowing trend at the end of the second quarter, Wal-Mart said it now expected like-for-like sales to increase by 4 to 6% in the third quarter.
n PR sales soar
Pernod Ricard's first-half sales jumped 18% on the back of huge growth at its spirits and wine division following the purchase of part of Seagram's drinks business last December.
To June 30, total sales at the French drinks group rose to 12.6m while sales of spirits and wine soared 78% to 11.5m. Seagram brands such as Martell brandy and Chivas Regal scotch generated sales of 1604m, although those two lines were down 21% and 19% respectively.
n Disco control
Global retailer Ahold has taken full control of its Argentinian supermarket chain Disco after its local joint partner Velox Retail Holdings failed to meet loan payment commitments to banks.
Ahold bought Velox's shares in the Disco chain for $490m, which it said would generate a bad debt in the second quarter of up to 1450m.
The Dutch-based group now owns 236 Disco supermarkets in Argentina, and has a 70% stake in 117 Santa Isabel supermarkets in Chile, Peru and Paraguay.
Last month Ahold said full-year earnings per share would drop from 15% to between 5-8% due to the continuing economic crisis in South America, the cost of integrating its Superdiplo stores in Spain, and global financial turmoil.
n Fail safe device
Auchan is to introduce a new system at its 116 stores in France to enable checkout staff to inform customers of any promotions they may have missed in store. The system picks up on previously scanned items and relays this information in real-time to the till operator.
{{NEWS }}
No comments yet