GERMANY: Metro Group, the parent company of Makro Cash & Carry UK, has posted a 1% rise in first-quarter sales to 15.5bn. Profits rose 6% during the period to 145m, buoyed by the retailer's ongoing restructuring programme. Sales at Metro Cash & Carry rose 1.1% to 7bn following the division's exit from Morocco and the closure of seven other depots. However, sales in Western Europe fell 1.8% to 2.6bn.
BELGIUM: Delhaize has reported a 2.9% drop in full-year profits to 126m (£113m) as costs for repositioning stores at its US Food Lion supermarkets impacted on performance. The group has relaunched about 200 Food Lion stores in the Raleigh and Chattanooga markets to improve its price positioning and shopper experience. It will look to roll out the changes to the rest of the Food Lion network at the beginning of next year. In Belgium, sales totalled 1.2bn (£1.1bn), up 0.9% during the period.
RUSSIA: X5 Retail Group has sold its IT business, which operates the www.bolero.ru and www.003.ru online stores, as it looks to focus on its core business. "We have gained invaluable experience in managing internet retailing and will continue to develop X5's e-commerce strategy to make our core business more effective and customer-oriented," said CEO Andrei Gusev.
Russian retailer O'Key has posted a 320% rise in full-year profits to RUB3bn (£67m). Sales for the year to 31 December 2010 rose 21.8% to RUB82.6m (£1.8m) thanks to growth in selling space and like-for-like sales growth. "We have a long track record of profitable growth in Russia, and look forward to continuing this growth for the benefit of all of our shareholders", said CEO Patrick Longuet.
HUNGARY: Tomatoes with higher than acceptable levels of pesticides and herbicides have been found on-shelf at a Tesco supermarket. The Spanish tomatoes were found in a store in Szekszárd by local officials. Tesco told the local press its supplier had assured it the tomatoes were within food safety thresholds. It will now take steps against the supplier.
BELGIUM: Delhaize has reported a 2.9% drop in full-year profits to 126m (£113m) as costs for repositioning stores at its US Food Lion supermarkets impacted on performance. The group has relaunched about 200 Food Lion stores in the Raleigh and Chattanooga markets to improve its price positioning and shopper experience. It will look to roll out the changes to the rest of the Food Lion network at the beginning of next year. In Belgium, sales totalled 1.2bn (£1.1bn), up 0.9% during the period.
RUSSIA: X5 Retail Group has sold its IT business, which operates the www.bolero.ru and www.003.ru online stores, as it looks to focus on its core business. "We have gained invaluable experience in managing internet retailing and will continue to develop X5's e-commerce strategy to make our core business more effective and customer-oriented," said CEO Andrei Gusev.
Russian retailer O'Key has posted a 320% rise in full-year profits to RUB3bn (£67m). Sales for the year to 31 December 2010 rose 21.8% to RUB82.6m (£1.8m) thanks to growth in selling space and like-for-like sales growth. "We have a long track record of profitable growth in Russia, and look forward to continuing this growth for the benefit of all of our shareholders", said CEO Patrick Longuet.
HUNGARY: Tomatoes with higher than acceptable levels of pesticides and herbicides have been found on-shelf at a Tesco supermarket. The Spanish tomatoes were found in a store in Szekszárd by local officials. Tesco told the local press its supplier had assured it the tomatoes were within food safety thresholds. It will now take steps against the supplier.
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