Profits: latest news, insights and analysis | ESM Magazine

Canada's Loblaw Sees Quarterly Revenue Rise, Maintains Annual Target

Canadian food and pharmacy retailer Loblaw has reported a 5% increase in third-quarter revenue, aided by robust demand for drugs as well as discounted...

Portugal Approves Windfall Tax On Food Retailers, Energy Firms

Portugal's parliament has approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a near t...

Conad Centro Nord Sees Market Share Growth In 2021

Italian cooperative Conad Centro Nord reported sales of €1.85 billion in 2021, up 4.4% on the previous year, with a market share of 7.56%

South Africa's Woolworths Sees H1 Profit Drop, Resumes Dividend

Woolworths Holdings has resumed its interim dividend despite reporting a 35.6% slump in half-year profit, as the South African retailer was badly affected...

French Retailer Auchan Raises Cost-Saving Goal As Profitability Rises

France's Auchan has raised its cost savings goal under its so-called Renaissance revival plan, which boosted 2020 profitability at its retail arm despite t...

Spain's Mercadona Shares Profits With Workforce

Spanish supermarket group Mercadona has shared €409 million of its 2020 profits with its entire workforce of 90,000 employees. Some...

'Stable' Outlook For European Retail Sector In 2021, Says Moody's

The outlook for the European retail sector in 2021 is 'stable', a new report by Moody's Investors Service has said, with demand recovery set to be balanced...

Retailers May Be Two Years Away From Regaining 2019 Profitability Levels: Moody's

Retailers in Europe and the US could be at least two years away from returning to the sort of profit levels they enjoyed in 2019, a new report by Moody's h...