By Planet Retail2013-04-03T07:00:00+01:00
French retailer Auchan has been given the green light for its acquisition of Metro Group’s Real hypermarkets in Ukraine, along with its property division.
Metro Group only has two Real stores in Ukraine, one in Kiev and the other in Odessa.
Primark’s performance since reopening shows the continued relevance of its low-price, bricks-and-mortar business model that trumps online rivals, bosses believe.
There’s no getting away from it – this has been a bruising week for retail.
Value fashion giant Primark’s profits will be down by about two thirds this year, but trading in reopened stores has been encouraging.
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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