Ahold has booked a 3% drop in net income during the first quarter of 2012 as the retailer invested in price cuts in the face of weakening consumer sentiment in Europe and the US. First-quarter net income fell 3.1% to EUR282m (US$352m), ...
US retailer Weis Markets has booked an increase in third-quarter profits as a focus on productivity and "disciplined" promotions offset lower sales. Weis reported a 1.2% rise in net income to US$17.2m for the 13 weeks to 29 September. ...
Tags: Weis Markets, third-quarter profits, store-level productivity
The treasurer Mr Wayne Swan before a government report on GDP this week said that growth in Australia, the world's biggest exporter of iron ore and coal, may have slowed last quarter as commodity prices fell. Mr Swan said that "We ...
Tags: iron ore price news, australia economy, economic growth, coal mines
South African retailer Massmart Holdings said its growth remained "steady" in the 20 weeks to 11 November but warned on margins for the second half. Notwithstanding "political uncertainty, both nationally and globally", South African ...
Tags: Massmart Holdings, growth, margin, food product
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
Shares in Colruyt rose by more than 11% today (27 June) after the Belgium-based retailer reported an increase in annual profits. The company, which booked lower profits for the first six months of its financial year, said its net profit ...
Tags: Fy Profit, Shares Jump, price pledges
Dutch food group CSM reported a decline in third-quarter profits today (25 October) as one-off costs hit earnings. In the three months to the end of September, EBITA fell to EUR20.9m (US$27.1m) from EUR28.3m a year earlier. One-off ...
Asda emphasised today (15 November) that it has been able to win over market share as it reported slightly higher third-quarter sales. The UK arm of Wal-Mart said that sales in the three months to 29 September edged up 0.3%. However, the ...
Tags: Market-Share, Christmas trading, multi-channel strategy
Branded food manufacturers are set to suffer further losses in market share as own-label products continue to grow in popularity,according to consumer market researcher,Kantar Worldpanel. In the soup:Tesco's decision to stock its ...
Tags: Branded food, own label products, market share, retailer
Saudi Arabia's non oil economy is expected to witness robust growth of 7.5% in 2012 on the back of continued high government expenditure and increased domestic demand. The Citi Research report Prospects said that the approval of the long ...
Tags: Citi report, oil industry, oil
Owens Illinois, a glass bottles firm, has predicted a gloomy outlook with respect to the demand due to a poor wine market in Australia. Pending sales contracts, reportedly with Foster's and Lion Nathan, in addition to stretched union ...
Tags: glass bottles, wine market, bottle maker
Increase in global manufacturing output, growth in consumer spending on packaged goods worldwide and increasing urban populations are key factors in for an increase in rigid packaging demand, according to a report entitled, World Rigid ...
Tags: Rigid Packaging, packaged goods, pharmaceutical applications
Qatar First Investment Bank(QFIB),Qatar's first independent Shari'ah compliant bank authorized by the QFC regulatory authority,announced the acquisition of a 40%stake in English Home,the leading retailer of home textile products in Turkey. ...
Tags: QFIB, acquisition, home textile products
Dutch food ingredients firm CSM expects to make a major progress on the sale of its bakery unit by early 2013. The company is currently undertaking preparatory work to divest the unit. CSM's bakery unit, which supplies ready-made muffins ...
Tags: ready-made muffins and croissants, bread and pastry mixes
Mohawk Industries Inc. announced 2012 third quarter net earnings of $70 million and diluted earnings per share (EPS) of $1.01. Excluding restructuring charges, net earnings were $72 million and EPS was $1.04, a 25% increase over last year's ...
Tags: net earnings, Net sales, SmartStrand Silk, carpet market