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Food and Staples Retailing Hypermarkets and Super Centers

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  • Why the Woolworths CEO exit was expected Tuesday, 16 Jun 2015 | 11:09 PM ET
    Why the Woolworths CEO exit was expected

    Gareth James, Senior Equities Analyst at Morningstar, says he expected the CEO departure as the business has been under pressure for a while.

  • SEOUL/ HONG KONG, June 17- Any buyer of Tesco's $6 billion South Korea unit will need a strategy to boost returns in a lethargic and saturated market for traditional retailers, likely involving real estate sales and a greater focus on Internet shopping. Britain's Tesco has hired HSBC to advise on a potential sale of its South Korean unit, Homeplus, Reuters reported...

  • AMSTERDAM, May 21- Dutch retail partnership Spar sees big opportunities to expand in markets where other Western chains fear to tread, exploiting a model of sharing global best practice among independent businesses trading from Angola to India and Ukraine. "The potential in China is still enormous and in Russia it is too because we've only just started opening...

  • MOSCOW, April 17- Russian railcar manufacturer United Wagon Company plans to float at least 10 percent of its shares on the Moscow exchange, it said on Friday, representing Russia's first initial public offering in more than a year. Russia's most recent IPO was by budget hypermarket chain Lenta in February last year, weeks before Moscow annexed the Crimea region...

  • European shares hit highest since 2000 as euro falls Friday, 10 Apr 2015 | 9:56 AM ET

    LONDON/ PARIS, April 10- European shares powered ahead to their highest level since 2000 on Friday, helped by further declines in an already weak euro that is seen supporting an economic recovery and boosting corporate profits. Germany's DAX index, which includes dividends unlike most other benchmarks, was up 1.5 percent, hitting a record high, while France's CAC...

  • LONDON/ PARIS, April 10- European shares powered ahead to their highest level since 2000 on Friday as the euro weakened to its lowest since mid-March. Germany's DAX index, which includes dividends unlike most other benchmarks, was up 1.2 percent, hitting a fresh record high, while France's CAC 40 was up 0.5 percent to its highest level since 2008. Britain's FTSE 100...

  • French retailer Carrefour returning to Algeria - source Thursday, 19 Mar 2015 | 7:02 AM ET

    *Carrefour expanding in Africa through franchises, JVs. PARIS, March 19- Carrefour is preparing to return to Algeria after a six-year absence, as part of a drive to tap booming consumer demand in Africa. Rising incomes and an underdeveloped retail sector have made Africa an important new growth destination for retailers and consumer goods companies, with the...

  • Europe firms may draw fire by joining buyback boom Thursday, 5 Mar 2015 | 11:56 AM ET

    *Europe unlikely to match huge U.S. buyback levels. In the United States, years of Federal Reserve stimulus aimed at reviving the real economy led to the wave of share buybacks while firms neglected capital expenditure. Few people expect European firms to match the staggering sums in the United States, where over $2 trillion of stock was bought back between 2009...

  • LONDON/ PARIS, March 5- European shares touched a fresh 7-1/ 2 year high on Thursday, boosted by encouraging comments from the European Central Bank and by strong results from supermarket Carrefour and fund manager Schroders. ECB President Mario Draghi said the bank's bond-buying program, due to start on Monday, could last beyond September 2016 if needed and...

  • India clears Tesco's $110 mln supermarket investment Monday, 30 Dec 2013 | 6:10 PM ET

    India has approved a $110 million investment plan by Tesco, paving the way for the British retailer to venture into Asia's third-largest economy.

  • Tesco pulls back in China with Vanguard deal Friday, 9 Aug 2013 | 12:48 AM ET
    A customer carries Tesco-branded shopping bags as she leaves one of the company's stores.

    Tesco will slash its China exposure by taking just 20 percent of a venture with a state-run company, a deal that underlines the travails foreign retailers have had in the Chinese market.

  • How Wal-Mart Stores Got a Foothold in India's Market Wednesday, 5 Dec 2012 | 3:45 AM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.