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Quote, unquote: just-food's week in words

27 August 2010

Canadian convenience operator Couche-Tard posted record net earnings for the first quarter of fiscal 2011 this week, up 42% against the same period of the previous year.

US: Wal-Mart appeals sex discrimination case

27 August 2010

Wal-Mart has petitioned the US supreme Court to intervene in a sex-discrimination case brought by its female workers.

BRAZIL: Wal-Mart launches sustainability initiatives

24 August 2010

Wal-Mart in Brazil has revealed plans to implement a responsible purchasing policy for fish and a traceability programme for perishable products.

Best Bits: Wal-Mart faces tougher US market

23 August 2010

Manufacturers found reason to breathe a sigh of relief last week as Wal-Mart announced it would be reversing a number of the range rationalisation initiatives it undertook as part of its 'Project Impact' scheme.

Editor's choice: the highlights on just-food this week

20 August 2010

Wal-Mart posted its second quarter results this week, and to the relief of many manufacturers it announced it is looking to return a number of products that were delisted as part of its Project Impact initiative.

Talking shop: Re-rationalising the rationalised assortment

18 August 2010

Yesterday's (17 August) news that Wal-Mart plans to begin reintroducing a number of delisted products will give reason for many suppliers to breathe a sigh of relief.

US: Wal-Mart lifts profit guidance despite weak US sales

17 August 2010

Wal-Mart, the world's largest retailer, today (17 August) raised its full-year profit target despite seeing US sales fall again during its second quarter.

On the money: Wal-Mart in U-turn on Project Impact initiatives

17 August 2010

Wal-Mart announced today (17 August) that it would be reversing a number of the changes it made as part of its "Project Impact" plan, which saw it reformat many of its US stores.

UK: Asda like-for-like sales dip in Q2

17 August 2010

Asda, the UK's number two retailer, saw its like-for-like sales, excluding fuel, dip 0.4% during the second quarter of its financial year, its parent Wal-Mart said today (17 August).

Best bits: Questions surround Sara Lee; Nestle has the answers

16 August 2010

In a week when Sara Lee announced the departure of its chief executive through illness and reported its full-year numbers, it was perhaps natural that industry watchers were speculating about the future for the US food group.

Talking shop: Shareholder strife for Russian retailer Lenta

13 August 2010

Russian grocery retailer Lenta, long a rumoured takeover target of Wal-Mart, is enjoying growing sales in Russia's emerging retail market but, as Petah Marian reports, in-fighting among shareholders could derail the business.

Editor's choice: the highlights on just-food this week

13 August 2010

Nestle, the world's largest food maker, published its half-year figures this week, numbers that are often a barometer for the rest of the sector. The company's results were robust although it did issue some caution over rising commodity costs. just-food reported from Moscow about the Russian grain crisis and the impact it could have on food makers. Meanwhile, Sara Lee chief Brenda Barnes stepped down due to illness and we analysed what the future holds for the US food group.

RUSSIA: Lenta stakeholders in spat over CEO appointment

5 August 2010

Shareholders in Russian retailer Lenta have become embroiled in a spat over the appointment of the company's new chief executive.

UK: Asda denies plans to sell 30 Netto outlets

4 August 2010

Asda has denied reports that the Office of Fair Trading is requiring it to sell some 30 of the Netto stores it acquired in May.

Talking shop: The future for US retailer Winn-Dixie

29 July 2010

Shares in Winn-Dixie suffered yesterday (28 July) after the US retailer announced plans to close 30 "under-performing" stores in a bid to lower the company’s cost structure, improve efficiency, and "build the right foundation" for the business in the future.

INDIA: Bharti Wal-Mart plans expansion

23 July 2010

Bharti Wal-Mart has revealed that it plans to open 10-15 Best Price Modern Whoesale stores in India over the next three years.

BRAZIL: Carrefour appoints executive director

21 July 2010

Luiz Fazzio has been appointed as executive director of Carrefour Brazil and as a member of the group's executive committee.

MEXICO: Walmex posts strong Q2

20 July 2010

Wal-Mart de Mexico has posted a 24% jump in second-quarter profits as sales climbed on the integration of stores from Central America.

In the spotlight - Carrefour at a crossroads

9 July 2010

The plot thickens. Just days after speculation emerged that Carrefour planned to sell up and leave Thailand, Singapore and Malaysia, the world's second-largest retailer today (9 July) insisted it would keep its stores and indeed expand in the latter two markets.

RUSSIA: Russia loses appeal for retailers - study

9 July 2010

Russia has slumped to tenth place in a ranking of attractive countries for global retail investors, according to a report by US consultancy firm A.T. Kearney.

Quote, unquote: just-food's week in words

9 July 2010

This rounds up what has mostly been a week of speculation, of Carrefour's exit from three Asian markets, the success of Ocado's IPO and the success of Amazon's new grocery venture.

INDIA: Government seeks views on FDI in retail

8 July 2010

The Indian government has opened up the debate on foreign direct investment (FDI) in multi-brand retail by seeking comments on the issue from a range of stakeholders including overseas retailers and industry associations.

UPDATE: INDONESIA: Wal-Mart refutes Greenpeace criticism

6 July 2010

Wal-Mart said it was "surprised" by criticism levelled at it by Greenpeace, which has accused the retail giant of driving rainforest deforestation and pushing animals to extinction by buying products from Asia Pulp and Paper.

INDONESIA: Greenpeace attacks retailers over paper suppliers

6 July 2010

Greenpeace has accused retail giants Wal-Mart, Tesco, Carrefour and Auchan of driving rainforest destruction and pushing tigers and orang-utans to extinction by buying products from Asia Pulp and Paper.

US: Wal-Mart reshuffles US executive team

2 July 2010

Wal-Mart has announced the appointment of the new US leadership team following the appointment of Bill Simon as president and CEO of the division earlier this week.

Comment: What is the future for Tesco in the US?

1 July 2010

While Tesco's North American foray has been besieged with challenges and setbacks, criticism this week that the unit's lack of profitability is a sign of the retailer's complete and utter failure in the country is perhaps calling the death knell too soon.

RUSSIA: Russian grocer Kopeika "in sale talks"

30 June 2010

Russian retailer Kopeika is in talks with two potential buyers while also eyeing a possible IPO, according to reports.

US: Wal-Mart's Castro-Wright takes global online role

29 June 2010

Wal-Mart has appointed vice chairman Eduardo Castro-Wright as president and CEO of Global.com and Global Sourcing.

US: Wal-Mart considers small stores in California

29 June 2010

Wal-Mart has confirmed it is evaluating new projects in Sacramento, California.

US: Wal-Mart to increase Chicago store numbers

22 June 2010

US retail giant Wal-Mart has announced plans to build “several dozen” stores in Chicago with the creation of around 12,000 jobs.

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