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Hypermarkets and Super Centers

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  • PARIS, Feb 9- Carrefour, Europe's largest retailer, said on Monday it had named two deputy chief executives to assist Chairman and CEO Georges Plassat while he recovers from surgery. The two remained "in close contact" with 65 year-old Plassat while George Ralli, a Carrefour board member and head of the IPF Partners investment fund, would become vice-chairman.

  • Tumbling oil prices and Western sanctions over Russia's role in Ukraine have pushed the rouble to record lows and fuelled price rises. "Unlike during the 2008-2009 crisis, now there is a significant decline of real disposable incomes in Russia so food budgets will most likely fall," said Ekaterina Lipatova, an analyst at Moody's Investors Service.

  • Russian retailer O'Key hit hard by downturn, food ban Thursday, 22 Jan 2015 | 9:21 AM ET

    MOSCOW, Jan 22- Russian food retailer O'Key said on Thursday its fourth quarter like-for-like sales fell 5 percent because of a sharp drop in customer traffic. Russia banned some food imports from the West in August for one year in retaliation to Western sanctions over Moscow's role in the Ukraine crisis. Unlike Magnit and X5, which operate large discount chains,...

  • *Q1 sales 18.3 billion euros vs forecast 18.2 billion. BERLIN, Jan 13- Metro AG, Europe's fourth-biggest retailer, saw a recovery gain pace at three of its four businesses in the important Christmas quarter, with growth in consumer electronics the strongest since 2006, boosting its shares. Stripping out the impact of the disposal of hypermarkets in eastern...

  • Tesco store closures herald broader property overhaul Thursday, 8 Jan 2015 | 11:37 AM ET

    *43 stores set to close, many of them small Express format. LONDON/ BERLIN, Jan 8- Tesco's announcement on Thursday that it will close 43 stores and cancel another 49 developments is just the start of a review of a huge property portfolio that is out of tune with modern shopping habits. They have to accept that shopping habits have permanently changed, "said Planet...

  • By Martinne Geller and Paul Sandle. LONDON, Jan 8- Tesco is betting that a more consistent approach to pricing on hundreds of branded products will enable it to compete better with discount supermarkets, improve relationships with suppliers and direct more shoppers to higher-margin items. As Britain's No. 1 grocer fights to overcome the biggest crisis in its...

  • Tesco's most lucrative non- UK assets are its businesses in South Korea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth up to 5 billion pounds. Tesco has businesses in Poland, Hungary, Czech Republic and...

  • *Carrefour raises cash for Brazil expansion, Diniz back in retail. PARIS, Dec 18- Carrefour has sold a 10 percent stake in its Brazilian business to billionaire Abilio Diniz, in a first step towards a possible separate listing, as Europe's largest retailer looks to raise cash to accelerate growth in its second-largest market. With its core French market on the mend,...

  • LONDON, Dec 11- Dave Lewis, the new boss of Tesco, Britain's biggest grocer, is betting on a customer charm offensive coupled with selective price cuts to prevent poor Christmas trading compounding an already disastrous year for investors. The group, like its big three UK rivals Wal-Mart's Asda, Sainsbury's and Morrisons, has suffered as shoppers turn against the...

  • SHANGHAI, Dec 12- It took China's biggest retail chain Suning all last year to generate sales of about $17 billion. Big retailers like Suning Commerce Group Co Ltd and foreign rivals Wal-Mart Stores Inc and Best Buy Co Inc are struggling to attract customers to their traditional stores in China, where online shopping is booming. This week, Wal-Mart said it had...

  • BERLIN/ LONDON, Nov 27- Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters. Prices paid in Europe for fast-moving consumer goods rose at their slowest pace since 2010 in the third quarter, and fell in Spain, France...

  • FACTBOX-Winners and losers from weak Russian rouble Wednesday, 5 Nov 2014 | 9:13 AM ET

    Russia's exporting energy companies should benefit from a weaker rouble as they sell oil, gas and products in foreign currencies, mainly U.S. dollars, but some are also taking a hit because of large levels of debt held in foreign currencies. Rosneft, Russia's leading oil producer and the world's largest listed oil firm by output, posted 1 billion roubles in third...

  • *Carrefour 5 pct dearer than Lidl vs 20 pct premium in UK- LEK. PARIS/ BERLIN, Oct 20- The success of French retailers in stopping the advance of discounters in the last five years shows a way out of the crisis embroiling Britain's "big four" grocers. In Britain, Tesco, Wal-Mart's Asda, Sainsbury and Morrison are all losing shoppers to discounters Aldi and Lidl, which have...

  • FACTBOX-Tesco CEO could buy time by selling assets Thursday, 16 Oct 2014 | 12:19 PM ET

    Tesco's most lucrative non- UK assets are its businesses in South Korea and Thailand, which could be sold outright or made separate businesses with local management teams and listed locally, as Casino did in Thailand. The South Korea business is seen as worth around 4 billion pounds, and Thailand worth 5 billion pounds. Tesco has businesses in Poland, Hungary,...

  • 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.