Carrefour
Retail
Tesco misses UK sales forecasts, overseas better
Tesco, the world's No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market, as rising prices and government cutbacks hit shoppers.The supermarket group said on Tuesday sales at British stores open...
Retail
U.K. retailers missing South American opportunity
U.K. retailers Marks & Spencer Group Plc, Tesco Plc and J Sainsbury Plc are missing an opportunity by excluding South America from their expansion plans, according to a report by global management consulting firm A.T. Kearney.Brazil is the most...
Retail
Tesco planning to boost sales with new brands
Tesco, Britain’s biggest retailer, is preparing to launch the first of a range of new brands over the next few weeks as it seeks to bolster its performance.Philip Clarke, the new chief executive, is expected to launch the new...
Retail
Brazil’s Pao de Acucar denies talks with Carrefour
Brazilian retailer Grupo Pao de Acucar denied it is in talks with rival Carrefour about merging their units in Latin America's biggest economy.Pao de Acucar, Brazil's biggest diversified retailer, said in a securities filing on Wednesday that "it is...
Retail
Wal-Mart Loses Two Top Executives in China
Wal-Mart Stores Inc. has lost two of its top executives in China, potentially complicating the retail giant's expansion in a key growth market where other foreign companies have also faced challenges recently.Roland Lawrence, Wal-Mart's chief financial officer for China,...
Retail
Walmart, Carrefour plan new initiatives along with state govts
With intentions to make deeper inroads into India, international retailers Walmart and Carrefour are finding new ways to enhance business and brand building in the country. While Walmart's 50:50 joint venture with Bharti Enterprises - Bharti Walmart, is talking...
Retail
Abdul Rab joins Gumberg India as senior VP
Abdul Rab has joined mall developer Gumberg India as senior vice president - leasing & business development. In his new capacity, Rab will be responsible for all leasing and business development activities.Rab has over 14 years of retail and...
Retail
Carrefour names Noël Prioux as executive director for Europe
Lars Olofsson, chief executive officer and board member of Carrefour, has appointed Noël Prioux as executive director for Europe and member of Carrefour’s Executive Board, replacing Vicente Trius. He will be responsible for Belgium, Spain, Italy, Poland, Greece, Cyprus...
Beauty & Wellness
Carrefour and Alliance Boots sign agreement
In the beauty category, French retailer Carrefour and Alliance Boots, a leading international pharmacy-led health and beauty group, have come together to sign a long-term cooperation agreement to enhance one of the core pillars of Carrefour - the beauty...
Retail
Carrefour inks long-term pact with Alliance Boots
Carrefour, the world's second largest retailer, and Alliance Boots, a leading international health and beauty group, have concluded a long-term cooperation agreement in the beauty category.This cooperation will leverage the scale and presence of Carrefour and the advanced beauty...
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Latest News
Govt asks retailers to cut profit margins on pulses; pass on lower wholesale rates
The government warned that it would take stern actions against unscrupulous speculation and profiteering by market players.New Delhi: The...
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