Tesco entered the Turkish market in 2003 after acquiring Kipa, which then had just four hypermarkets. Tesco will be announcing Ritchie's successor in due course.
US: Wal-Mart has announced it will create more than 22,000 jobs in 2009 to staff new or expanded stores in the US. It is taking on store managers, pharmacists, human resource managers, customer service associates, cashiers and sales associates among others. Last October, Wal-Mart announced plans to open 142 to 157 new or expanded stores during the 2010 fiscal year in the US.
GERMANY: This week, Rewe Group reported a strong increase in both sales and profits for 2008. Total sales increased 10.5% to €49.8bn (£42.8bn), while pre-tax profits reached a record €708m (£609m).
"We have the potential, even in a difficult macro-economic climate, to increase profitability in 2009, and we will seize this opportunity," said group chief executive Alain Caparros. "Given the challenges we face, we focus wholeheartedly on our strengths at the operating business and its continuous improvement."
US: Wholesaler Costco has stopped selling foie gras after a campaign by animal rights activists. The Animal Rights Protection League said that it had convinced Costco to remove the product from its shelves.
"We are happy that Costco is making the compassionate decision to no longer sell this product of extreme animal cruelty. The only way to make foie gras is by force-feeding the ducks to enlarge their livers to more than 10 times their normal size, resulting in difficulty walking and breathing and causing immense pain and suffering," said APRL campaigns co-ordinator Christina Tacoronti.