Profit: latest retail news and insights | ESM Magazine

Kellogg Raises Full-Year Sales, Profit Forecast

Kellogg Co raised its full-year forecast for sales and adjusted operating profit, banking on higher prices and resilient demand for its breakfast cereals a...

Russia's X5 Group To Resume Growth Investments After Q2 Profit Jump

Russia's leading food retailer X5 Group plans to resume investments to grow and expand the business after reporting a 79.4% jump in second-quarter net prof...

Italy's Selex Sees Turnover Up 4.3% In FY 2021

Italian retail group Gruppo Selex reported a total turnover of €16.9 billion in its 2021 financial year, up 4.3% compared with the previous year.

Axfood Sees Strong Growth Amid High Inflation

Swedish retailer Axfood has posted 29.3% growth in net sales to SEK 35.1 billion (€3.3 billion) in the first half of its financial year.

Pepco Group Posts 17.1% Increase In Third-Quarter Profit

Poundland and Dealz owner Pepco Group has posted a 17.1% rise in third-quarter revenue as cash-strapped shoppers fuelled demand at its discount stores.

Alibaba's Freshippo Seeks Funds At Much Lowered $6bn Valuation, Sources Say

Alibaba's supermarket chain Freshippo is seeking to raise funds at a valuation of about $6 billion (€5.99 billion), much lower than a hoped-for v...

Aldi Denmark To Focus On Turnaround Plan In 2022

Aldi Denmark will continue to focus on its turnaround plan in its current financial year after a challenging 2021.

Walgreens Posts 76% Decline In Profit In Third Quarter

Drugstore chain Walgreens Boots Alliance Inc posted a 76% fall in quarterly profit, hurt by its opioid settlement with Florida and a decrease in US ph...