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Netto

Talking shop: Sainsbury’s tries to shore up flank with Netto JV

Talking shop: Sainsbury’s tries to shore up flank with Netto JV

In a surprise move, Sainsbury's has reacted to the continued growth of discount retailers in the UK with a venture to bring the Netto banner back to the country. Sainsbury's and Netto owner Dansk Supermarked will launch a clutch of stores on a trial basis but Netto, which struggled on its previous visit to the UK, faces even stronger competitors now. Dean Best reports.

GERMANY: FY sales climb at retail giant Edeka

German retailer Edeka has booked an increase in full-year sales, with growth in each of its divisions. In the 12-month period, group sales grew by 3.8% to reach EUR44.8bn (US$58.6m),…

UK: Asda records rise in profits

UK retailer Asda has booked an increase in profit last year, despite a "challenging" period for the economy and despite its new chain of small stores incurring losses. In accounts…

UK: Morrisons loses ground to rivals – Kantar

UK retailer Morrisons lost ground to its bigger rivals Asda and Sainsbury's, Kantar Worldpanel claimed today (11 September) as they issued their latest sales data on the country's grocery sector.…