Kesko has reported net sales of EUR2.37 billion (USD3.28 billion) for the year’s second quarter – a 2% decrease compared to Q2 last year. The Finnish multi-format retailer blames the drop on weak domestic consumer demand and tough exchange rate changes as well as an underperforming department store segment
Carrefour in Spain will pilot a solution from Proximus to track shopping carts and baskets in three hypermarkets in Madrid this autumn, RFID Journal reports
Netflix, the on-demand internet streaming media giant, has more than doubled its profits as the company crossed the 50 million subscriber mark in the second quarter ended 30 June
Loblaw’s Joe Fresh clothing brand has promoted Mario Grauso to President. This move comes as part of a major management shuffle at Canada’s biggest grocery chain last week
Ross Stores has announced expansion plans across 17 different states with the opening of 23 stores Ross Dress for Less and seven dd's DISCOUNTS stores in June and July.
These new locations are part of the off-price retailer's plans to add a total of approximately 75 Ross and 20 dd's DISCOUNTS stores during 2014.
Jim Fassio, President & Chief Development Officer said: "These latest openings reflect our ongoing expansion strategy to fill in our presence in existing markets while also increasing penetration in our newer Midwest region where we added another eight Ross locations in July.”
He continued: “The seven dd's DISCOUNTS stores we opened also included initial entry into three new states -- New Jersey, North Carolina, and Oregon