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Food and Staples Retailing Hypermarkets and Super Centers


  • *Q2 sales 21.4 bln euros vs poll 21.3 bln euros. PARIS, July 16- Carrefour, Europe's largest retailer, on Thursday reported a slowdown in second-quarter sales reflecting competitive pressure in its top French market and slumping sales in China amid weak consumption. Carrefour finance head Pierre-Jean Sivignon said the market consensus for 2015 earnings...

  • *Tesco's Malaysia business worth 900 mln pounds- sources. KUALA LUMPUR, July 7- Japan's Aeon Co Ltd is interested in buying the Malaysian operations of Britain's Tesco PLC, valued at about 900 million pounds, people familiar with the matter told Reuters. The Japanese retailer has 28 hypermarkets in the country and plans to open 100 more stores in various formats by...

  • Schwarz group head Klaus Gehrig told Germany's Manager Magazin the growth plan is focused on a big expansion of the Lidl chain and a restructuring of the group's Kaufland hypermarkets, which account for a quarter of sales. Based in Neckarsulm in southern Germany, Lidl is owned by Germany's richest man, Dieter Schwarz, son of the company's founder Josef Schwarz.

  • 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...

  • 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.