By Planet Retail2013-05-17T07:00:00+01:00
German retailer Rewe Group’s Billa supermarket division plans to exit Italy.
Following the sale of 43 stores in 2011, the remaining operations are still suffering from the integration of 120 Standa shops purchased in 2001, which were recently rebadged to Billa.
Tesco boss Ken Murphy hailed the grocer’s “incredible strength” as it reported a rise in full-year sales and profits notwithstanding its business rates repayment.
When asked my views about looking forward for retail, the honest answer is: “I’m really not sure that I know.”
JD Sports boss Peter Cowgill says central London footfall has been “battered” by Brexit and Covid-19-induced lockdowns.
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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