Retail - Investments

Coop Denmark Reports Full-Year Loss Following 'Large' Investments

Coop Denmark reported a loss of DKK 628 million (€84.2 million) across its operations in its financial year 2022, which it described as 'the worst yea...

Britain's Tesco Expects Flat Profit In FY 2023-24

Britain's biggest retailer Tesco has forecast flat profit in its new financial year as it reported a 6.3% fall for 2022-23, hurt by not passing on to consu...

Mercadona Reports 11% Sales Growth In Full-Year 2022

Spanish supermarket chain Mercadona reported a turnover of €31 billion, up 11% year-on-year on a like-for-like basis, in its financial year 2022.

Delhaize Belgium To Transition To Single Operating Model For Stores

Delhaize Belgium has announced plans to bring all Delhaize stores in the country under one operating model.

EU Agrees 'World's First' Bond Issuance Rules To Combat Greenwashing

The European Union said on Wednesday it had reached a deal on the 'world's first' set of comprehensive rules for issuing green bonds to meet the bloc's net...

Russia's X5 Group Targets Big Expansion Of Its Discount Format

Russia's X5 Group plans to open around 1,000 discount stores next year as the country's largest retailer seeks to gain a stronghold in a sector that it exp...

Never Mind The Losses, Focus On The Big Picture, Says Lidl GB

The British arm of German discount supermarket Lidl is focused firmly on long-term opportunity, not short-term profit, it said after reporting a £13....

Czech Billionaire Kretinsky Owns Over 3% Stake In Britain's Sainsbury's

Czech billionaire investor Daniel Kretinsky's VESA Equity Investment became the fourth largest stakeholder of Sainsbury's, owning a 3.05% stake in the Brit...

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Swedish Grocery Retailer ICA Gruppen Steps Up Investment

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