By Planet Retail2012-11-21T10:22:00+00:00
Sales at Ahold rose 10.8% to E7.6bn (£6.11bn) in the third quarter.
Operating income was down 3.7% to E289m (£232.3m).
The grocer’s net sales in the US rose 1.9% to $5.9bn (£3.71bn).
Before making this point, let’s be perfectly clear: I was among those who expected the Co-op to repay its business rates relief this week.
The owner of fashion giant Uniqlo has posted a spike in profitability as the retail recovery in China boosted its bottom line.
Another impressive set of annual results for the Co-op has been overshadowed by its decision to keep business rates relief. Group chief executive Steve Murrells explains the decision and claims it has the full backing of members.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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