US retailer Supervalu has downplayed reports it is "nearing" a deal that would see Cerberus Capital Management buy some parts of the firm and take a stake in the rest of the company. According to a Wall Street Journal report citing ...
Tags: Supervalu, Cerberus Capital Management, company news, sales and profits
Fitch Ratings said that vehicle sales in Europe are likely to fall for a sixth straight year in 2013, extending damaging price wars as mass-market manufacturers seek to protect their market share. In contrast, US and Asian manufacturers ...
Tags: auto sales, European, mass market
Hewlett-Packard CEO Meg Whitman has once again affirmed the company's commitment to its embattled Autonomy software division, stressing that HP's fiscal health is stronger than recent developments may have suggested. "It's been a quiet ...
Tags: HP, Whitman, CEO, Autonomy software division
Japanese display maker Sharp said Thursday it is ramping up production of a screen technology rumored to be favored by Apple for its new devices, even as its yearly outlook plunged toward another large fiscal loss. The Osaka-based ...
Tags: Sharp, screen technology, Apple, new devices
Tesco is reported to be close to appointing a chief executive for its UK division, with its COO in the country, Chris Bush, said to be a frontrunner. The role has been vacant since Richard Brasher stepped down in March, which Tesco said ...
Tags: Tesco, Agriculture Food, Chief Executive
Grocers undoubtedly felt the economic pressures in 2012 with discounters enjoying buoyant growth as a result of an increase in value-seeking consumers. Shoppers' focus on value led to rising online sales and further investment in the ...
Tags: economic pressures, buoyant growth, value-seeking consumers
The festive season has lost some of its sparkle for retailers,with growth in sales on the high street slowing in December,the CBI said. Responding to the CBI's latest monthly Distributive Trades Survey during the first two weeks of ...
Tags: Clothing Sales, Grow, slow
Danone is to cut EUR200m (US$261m) in costs from its European operations in a bid to "win back its competitive edge" in the region after falling sales. The French food giant said it would "adapt" its management structure in Europe and ...
Tags: Danone, costs, European operations
Taiwan-based LED chipmakers have been trying to return to profitability but due to continuous price falls, it has been difficult. Market observers believe LED chipmakers such as Epistar, and Formosa Epitaxy will see net losses in 2012. ...
Tags: Taiwan, LED chipmakers, profitability, 2012
Falling sales in a "tough" market has profits from The Co-operative Group's food arm, the UK retailer said today (23 August). Operating from The Co-op's food business was GBP119m (US$188.8m) in the half year to 30 June, down from GBP142m ...
Tags: falling sales, "tough"market, Co-operative Group's food, Co-op's food
A sale of Supervalu to private-equity firm Cerberus Capital Management could lead to a break-up of the US retailer, sources have told Reuters. Buyout firm Cerberus is reported to be preparing a takeover bid for Supervalu, with an eye ...
Tags: Supervalu, takeover bid, Buyout, falling sales
Under-pressure US retailer Supervalu Inc today (30 July) announced CEO Craig Herkert has left the company. Supervalu, which is battling to revitalise its business after three years of falling gross profit and identical-store sales, said ...
Tags: Supervalu, Craig Herkert, falling gross profit, falling sales
US retailer Supervalu Inc has kicked off a "strategic review" of its business, which could include a sale of the company, after another quarter of falling sales. Supervalu, which has around 4,400 stores in the US, is looking at "strategic ...
Tags: Supervalu, strategic review, falling sales, sale of the company
UK retailer The Co-operative Group has added to its food management team with the appointment of executives from Tesco and Asda. Matt Hood will join the Co-op next month as head of commercial trading for dairy, chilled prepared foods and ...
Chiquita Brands International has said its third-quarter net loss more than doubled amid falling sales and restructuring charges. The company said net losses rose to US$67m, up from $29m last year. Sales dropped to $714m, down from $723m ...
Tags: net loss, banana and salads businesses, profit decline