Profit: latest retail news and insights | ESM Magazine

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...

UK Supermarket Morrisons Sales Fall In 'Fragile' Market

British supermarket group Morrisons reported a 6.4% decline in underlying sales over its latest quarter, in what it called "a very fragile and difficu...

Coop Norway Sees Revenue, Market Share Up In FY 2021

Coop Norway has reported growth in revenue and market share in its financial year 2021, a year that saw tough competition and increased costs erode its pro...