Metro AG's hypermarket operator Real is to invest heavily in refurbishments of its network. As a result, the stores in Braunschweig and Bielefeld are to be converted to its new Food Lover concept, which has already been tested in Krefeld.
Metro AG, the new entity formed by the grocery wholesale and retail arm of former Metro Group, has presented results for its third quarter. According to CEO Olaf Koch, the results already give a good impression of where the company is heading.
Just over a year after the merger, Ahold Delhaize has reported its first combined half year results. The retailer reported good growth in its home market, The Netherlands; however sales declined slightly in Belgium. The central and south-eastern Europe segment also performed well.
Billa has commited to its Ukrainian business, responding to rumours of a potential market exit. The division run by Rewe Group’s Austrian operation has shut down several outlets in the country. Some of its supermarkets are understood to have struggled, for instance its operation in Odessa.
Tesco in the UK has announced it is to reduce the price of nearly 100 private label and branded sanitary products such as pads and tampons. The five per cent reduction in price will cover the cost of the so-called ‘Tampon Tax’ or VAT on the items ahead of government proposals to remove the VAT.
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