Food and Staples Retailing Hypermarkets and Super Centers

  • SAO PAULO, July 28- Brazil's biggest retailer, GPA SA, posted a much wider than expected quarterly loss on Thursday as costs surged and a deep recession depressed sales, sending its shares plunging more than 10 percent. São Paulo-based GPA, which is controlled by France's Casino Guichard Perrachon& Cie, lost 583 million reais last quarter, much wider than the loss...

  • *H1 operating margin in France unchanged at 1.8 pct. PARIS, July 28- Retail giant Carrefour pledged on Thursday to boost operating margins in its cut-throat domestic market, after posting higher profits from Brazil and southern Europe, and signalled it is open to investors in its loss-making China arm. Half-year operating profit in France fell 3 percent to 312...

  • PARIS, July 28- Europe's largest retailer Carrefour said underlying operating profit rose 5.3 percent in the first half while sales growth slowed in the second quarter, reflecting challenging conditions in its core French market and losses in China. Elsewhere in Europe, however, the group's turnaround continued to take hold, Brazilian operations stayed...

  • MOSCOW, July 21- Russian budget hypermarket chain Lenta expects a slightly lower EBITDA margin in 2016 compared to a year earlier due to discounts and other marketing activities, Chief Executive Jan Dunning told Reuters on Thursday. Lenta reported a 21.8 percent increase in second-quarter sales on Thursday, totalling 73.6 billion roubles, with...

  • *Central beats rival TCC to win Vietnam business. *Vietnam deal takes Casino asset sales to 4.2 bln euros. Casino, facing weak markets in Brazil and fierce competition in France, has said it aimed to raise around 4 billion euros this year by selling off businesses in Thailand and Vietnam plus the sale of real estate assets in Latin America.

  • *Central beats rival TCC to win Vietnam business. *Thai tycoons jostle for deals in Vietnam. SINGAPORE/ BANGKOK, April 29- France's Casino Group agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, giving the retailer respite from a debt pile that pushed its credit rating to junk.

  • SINGAPORE/ BANGKOK, April 29- France's Casino Group has agreed to sell its Vietnam unit to Thai conglomerate Central Group for 1 billion euros including debt, the retailer said on Friday confirming an earlier Reuters story. Central Group, controlled by business family Chirathivat with interests in real estate, department stores and retailing, beat rival Thai...

  • *Garden centres say seed sales are sharply higher. MOSCOW, April 21- Russians have long grown vegetables on land around their out of town cottages, or dachas, but the country's economic crisis has triggered a surge in seed sales as some families increasingly turn to home-grown food to get by. "Seed sales this year have grown almost 40 percent in certain categories,"...

  • PARIS, April 15- Brazil and southern Europe drove first quarter sales growth at Carrefour as its turnaround strategy gained traction, and the world's second-biggest retailer said it was comfortable with market expectations of higher full year profits. Same-store sales in Brazil, Carrefour's second largest market after home base France, rose 9.9 percent in...

  • PARIS, April 15- Carrefour, the world's second-biggest retailer, told investors on Friday it was comfortable with market expectations of higher profits this year, after reporting a pick-up in sales growth in the first three months, driven by its performance in Spain and Italy as well as Brazil. Trading conditions remained challenging in China though there were...

  • PARIS, April 14- French retailer Casino, under pressure from an activist U.S. investor, beat first-quarter sales forecasts on Thursday, showing a recovery in its home market and a slower decline in consumer electrics demand in recession-hit Brazil. The group, which saw its credit rating cut to junk status last month by Standard& Poor's, also kept its goals for...

  • *Luxury malls, department stores, hypermarkets spring up. BANGKOK, April 6- In a downtown Bangkok mall, ripped jeans and mirror sunglasses aimed at fast-fashion teens show how Thai retailers are getting ready for the next big thing- a government stimulus package they're betting will revive sales after years of stagnation. Amid record tourism numbers, the...

  • Carrefour, the world's second-largest retailer, said on Thursday it would boost investments to renovate and open stores.

  • 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.

  • 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.

  • 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.

  • 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.