World

SPAIN: Carrefour Spain reports fourth year of sales decline

SPAIN: Carrefour Spain reports fourth year of sales decline

Carrefour Spain reported fiscal year (FY) 2012 sales fell 4.6% year-over-year (y-o-y) to EUR 7,532 million. The retailer registered a EUR 21.7 million loss during 2012. Operating loss amounted to EUR 39.0 mi...

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SWITZERLAND: Coop (CH) launches new vegetarian private label

SWITZERLAND: Coop (CH) launches new vegetarian private label

Swiss co-operative Coop (CH) has launched a new private label, called Karma, consisting of 50 vegetarian products based on recipes from all over the world. The product range consists of ready meals, salads, ...

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Cost cuts help Metro Group counter weak sales

Cost cuts help Metro Group counter weak sales

German retailer Metro AG posted a smaller than expected fall in second-quarter earnings as cost cutting at its main cash and carry business cushioned sluggish sales across its recession-hit European markets....

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Rewe Group looks for new credit line

Rewe Group looks for new credit line

Rewe Group is in talks with various banks to get a EUR1.75 billion credit facility. The company aims to reach an agreement by the end of the current year. The loan will succeed a EUR2 billion credit line fro...

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Retail sales record sharp drop in June

Retail sales record sharp drop in June

Retail sales across Europe fell sharply in June, reversing signs of growth seen in the previous month, hurt by sales of both food and non-food products. The preliminary figures from Eurostat showed that ...

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Delhaize Group sees moderate H1 sales growth

Delhaize Group sees moderate H1 sales growth

Delhaize Group saw sales increase 1.4% to EUR10.45 billion (USD13.77 billion) in the first half of 2013. At actual and identical exchange rates, growth was 2.3% and 3.0% organically, reported Planet Retail. ...

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E.Leclerc records strong French sales growth

E.Leclerc records strong French sales growth

Leclerc has posted a 5.5% growth in sales to €17.1 billion for the first half of 2013, excluding petrol. The French retailer recorded strong growth in its home market, with sales of €15.9 billion excluding f...

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Carrefour growing market share in Belgium

Carrefour growing market share in Belgium

Carrefour has overtaken Delhaize to be the second largest grocer in Belgium with 22.2% market share. Colruyt remains the market leader with 28% market share. Carrefour Belgium has reported 3.6% year-on-year ...

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ITALY: Auchan Italy strengthens austerity alternatives

ITALY: Auchan Italy strengthens austerity alternatives

Auchan in Italy is to freeze the price of selected items for the summer, local press reports. This is a response to the poor economic climate. Shoppers will be able to find 1,000 price-frozen items, ranging ...

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US: Coca-Cola profit hit because of global economy and weather

US: Coca-Cola profit hit because of global economy and weather

Coca-Cola Co. said profit fell 4 percent last quarter, the second decline in a row, as sales were sapped by economic weakness in China and Europe, shifting tastes in the U.S. and unseasonable weather in plac...

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