Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.
ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, excluding petrol.
Asda is to test a new convenience store format and launch B Q shop-in-shops inside four of its largest superstores.
Czech billionaire Daniel Kretinsky has taken a major stake in Sainsbury’s, making him the fouth largest shareholder.
At a time of great change and disruption, acquiring and retaining talented individuals has arguably never been more important.
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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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