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Tesco misses UK sales forecasts, overseas better

Tesco, the world's No.3 retailer, missed forecasts with a second consecutive quarterly fall in underlying sales in its main UK market, as rising prices and government cutbacks hit shoppers.The supermarket group said on Tuesday sales at British stores open...

U.K. retailers missing South American opportunity

U.K. retailers Marks & Spencer Group Plc, Tesco Plc and J Sainsbury Plc are missing an opportunity by excluding South America from their expansion plans, according to a report by global management consulting firm A.T. Kearney.Brazil is the most...

Tesco planning to boost sales with new brands

Tesco, Britain’s biggest retailer, is preparing to launch the first of a range of new brands over the next few weeks as it seeks to bolster its performance. Philip Clarke, the new chief executive, is expected to launch the new...

Brazil’s Pao de Acucar denies talks with Carrefour

Brazilian retailer Grupo Pao de Acucar denied it is in talks with rival Carrefour about merging their units in Latin America's biggest economy.Pao de Acucar, Brazil's biggest diversified retailer, said in a securities filing on Wednesday that "it is...

Wal-Mart Loses Two Top Executives in China

Wal-Mart Stores Inc. has lost two of its top executives in China, potentially complicating the retail giant's expansion in a key growth market where other foreign companies have also faced challenges recently.Roland Lawrence, Wal-Mart's chief financial officer for China,...

Walmart, Carrefour plan new initiatives along with state govts

With intentions to make deeper inroads into India, international retailers Walmart and Carrefour are finding new ways to enhance business and brand building in the country. While Walmart's 50:50 joint venture with Bharti Enterprises - Bharti Walmart, is talking...

Abdul Rab joins Gumberg India as senior VP

Abdul Rab has joined mall developer Gumberg India as senior vice president - leasing & business development. In his new capacity, Rab will be responsible for all leasing and business development activities.Rab has over 14 years of retail and...

Carrefour names Noël Prioux as executive director for Europe

Lars Olofsson, chief executive officer and board member of Carrefour, has appointed Noël Prioux as executive director for Europe and member of Carrefour’s Executive Board, replacing Vicente Trius. He will be responsible for Belgium, Spain, Italy, Poland, Greece, Cyprus...

Carrefour and Alliance Boots sign agreement

In the beauty category, French retailer Carrefour and Alliance Boots, a leading international pharmacy-led health and beauty group, have come together to sign a long-term cooperation agreement to enhance one of the core pillars of Carrefour - the beauty...

Carrefour inks long-term pact with Alliance Boots

Carrefour, the world's second largest retailer, and Alliance Boots, a leading international health and beauty group, have concluded a long-term cooperation agreement in the beauty category.This cooperation will leverage the scale and presence of Carrefour and the advanced beauty...
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The Luxottica report card for 2022

A look at how the world’s largest eyewear company fared in terms of revenue growth in key regions across...
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