USA: Wal-Mart CEO Mike Duke said this week that he expected the Christmas season to kick off late this year as shoppers watched their spending and steered clear of cheap and cheerful items.
"This is the new normal and is not something that is going to change," Duke told the Goldman Sachs Global Retail Conference.
RUSSIA: Carrefour wants to expand in Russia by taking over rivals, its local director has said.
"We are looking for opportunities in Russia. That includes, of course, the possibility of acquisitions of companies," Jacobo Caller told reporters at the opening of a store in Krasnodar. The French chain said it wanted to take a top-three market position in Russia in the long term.
CHINA: Lianhua has said its shareholders have approved plans to acquire its rival Hualian Supermarket for CNY492m (£43.7m). If the deal is approved by Shanghai's state-owned regulator, Hualian Supermarket will become a subsidiary of Lianhua Supermarket with a combined 5,268 stores. Hua Guoping of Lianhua told local media that the company would keep both brands.
FRANCE: Protests that included dairy farmers tipping milk down drains have prompted French agriculture minister Bruno Le Maire to enlist other EU member states in a campaign to shake-up the European dairy market. Support is growing among EU member states for a new regulatory set-up for milk farmers struggling with depressed prices, said Le Maire this week.
"I think this will be a key issue for the council and for the 27 member states," he added.
USA: Kroger has reported sales up 2.6% excluding fuel in the second quarter of the year ending 15 August compared with the same period last year. Profits rose to $254.4m (£154.4m) over the second quarter, compared with $276.5m (£167.8m) last year.
"We remain confident in our strategy," said Kroger chairman and chief executive David Dillon. "The number of loyal households we serve and the number of items they are buying in our stores grew during the quarter," he added.
"This is the new normal and is not something that is going to change," Duke told the Goldman Sachs Global Retail Conference.
RUSSIA: Carrefour wants to expand in Russia by taking over rivals, its local director has said.
"We are looking for opportunities in Russia. That includes, of course, the possibility of acquisitions of companies," Jacobo Caller told reporters at the opening of a store in Krasnodar. The French chain said it wanted to take a top-three market position in Russia in the long term.
CHINA: Lianhua has said its shareholders have approved plans to acquire its rival Hualian Supermarket for CNY492m (£43.7m). If the deal is approved by Shanghai's state-owned regulator, Hualian Supermarket will become a subsidiary of Lianhua Supermarket with a combined 5,268 stores. Hua Guoping of Lianhua told local media that the company would keep both brands.
FRANCE: Protests that included dairy farmers tipping milk down drains have prompted French agriculture minister Bruno Le Maire to enlist other EU member states in a campaign to shake-up the European dairy market. Support is growing among EU member states for a new regulatory set-up for milk farmers struggling with depressed prices, said Le Maire this week.
"I think this will be a key issue for the council and for the 27 member states," he added.
USA: Kroger has reported sales up 2.6% excluding fuel in the second quarter of the year ending 15 August compared with the same period last year. Profits rose to $254.4m (£154.4m) over the second quarter, compared with $276.5m (£167.8m) last year.
"We remain confident in our strategy," said Kroger chairman and chief executive David Dillon. "The number of loyal households we serve and the number of items they are buying in our stores grew during the quarter," he added.
No comments yet