Food and Staples Retailing Hypermarkets and Super Centers

  • PARIS, Jan 19- Carrefour, the world's. In Brazil, the group's second-largest market after France, business was resilient despite a slowing economy, while sales elsewhere in Europe, notably Spain, posted solid growth. Carrefour finance chief Pierre-Jean Sivignon said 2016 recurring operating income would be "very close" to median expectations of 2.39 billion...

  • PARIS, Jan 19- Carrefour, the world's. In Brazil, the group's second-largest market after France, business was resilient despite a slowing economy. Europe's largest retailer said fourth quarter sales reached 23.366 billion euros, above the median of analysts estimates of 23.22 billion in a Thomson Reuters poll.

  • PARIS, Jan 17- Retailer Casino said on Tuesday it was confident it could further increase revenue and profitability this year, thanks to cost savings and improving sales in France and Brazil. Casino also told investors it would deliver on its French profit forecast for 2016 after fourth-quarter sales reflected an improvement in France, its biggest market, on a...

  • Casino, whose credit rating was cut to junk by Standard& Poor's last March, is under pressure to revive profits in its biggest market in France, where it now makes more than 50 percent of its sales, at a time of slower growth in Brazil. Casino, which controls Brazil's Grupo Pao de Acucar, posted fourth-quarter sales of 10.929 billion euros. Casino, which reports...

  • MOSCOW, Jan 16- Children's goods retailer Detsky Mir is planning an initial public offering in Moscow, hoping to cash in on an improved appetite for investing in Russia after a recovery in oil prices and signs that the country's economy is stabilizing. President-elect Donald Trump will ease sanctions on Moscow. Detsky Mir's having the confidence to come to...

  • SAO PAULO, Jan 13- Same-store food sales at GPA SA, Brazil's largest diversified retailer, rose in the fourth quarter despite the country's harshest recession ever, a sign that the company's efforts to bolster cash-and-carry operations are bearing fruit. GPA, controlled by France's Casino Guichard Perrachon SA, is increasing focus on cash-and-carry as...

  • *Cash-and-carry growth in Spain, Turkey, China, Russia. *Media- Saturn December sales hurt by "Black Friday". BERLIN, Jan 10- German retailer Metro, which plans to split into two companies by the middle of the year, reported that sales slipped 0.6 percent in the critical Christmas quarter due to weakness at its Real hypermarkets and a sluggish performance in consumer...

  • *Expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States anticipating a launch there in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is expected to open its...

  • *Lidl expected to open 120-150 stores on East Coast. BERLIN, Dec 13- German discounter Lidl, which has expanded rapidly in Europe to become one of the continent's biggest retailers, has started a recruitment drive in the United States ahead of its expected launch in the country in 2017 or 2018.. Lidl, which runs more than 10,000 stores in 27 countries in Europe, is...

  • MOSCOW, Dec 13- French hypermarket operator Auchan is stepping up its investments in Russia, its third biggest market, saying the economy there has largely adapted to sanctions. Auchan, which entered Russia in 2002, opened its 100th hypermarket in the country on Tuesday and said it aimed to add around 10 hypermarkets a year in Russia going forward as well as 20-30...

  • SAO PAULO, Dec 8- Brazilian retailer GPA SA, controlled by France's Casino Guichard Perrachon SA, will hold investments steady even as the country's retail sector returns to growth by the second half of next year, executives said on Thursday. GPA will invest 1.6 billion reais in 2017, Chief Financial Officer Christophe Hidalgo said in a news conference, the same...

  • MOSCOW, Oct 21- Russia's biggest food retailer Magnit is likely to end 2016 with fewer net store openings than planned after ramping up closures of inefficient outlets, Chief Executive Officer Sergey Galitskiy said. Magnit's revenue growth has slowed as Russia's economy took a hit from low oil prices and Western sanctions, which squeezed households' budgets,...

  • PARIS, Oct 19- Strong sales in Brazil and an improving performance in its biggest market, France, lifted third-quarter sales at the world's second-biggest retailer Carrefour, as its turnaround strategy gained traction. In China, where Carrefour is restructuring its operations, slowing consumer spending remained a challenge, but the rate of decline in sales...

  • PARIS, Oct 19- World number-two retailer Carrefour said on Wednesday that sales growth accelerated in the third quarter, reflecting robust sales in Brazil and an improving performance in its biggest market, France, despite a difficult environment there. Carrefour, which makes 73 percent of its sales in Europe, is pursuing a global revival initiated by Chief...

  • PARIS, Oct 13- Retailer Casino said it would hit its French profit forecast for the year on Thursday, despite a slowing of third quarter sales growth due to a weaker performance in France which overshadowed robust food sales in Brazil. Casino, whose credit rating was cut to junk by Standard& Poor's in March, is under pressure to revive profits in France, where it makes...

  • 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...

  • 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.