Indomaret FY 2015: revenues rise 20.1%

The Indonesian convenience chain reported consolidated revenues of IDR 49.4tn (US$ 3.71bn) for 2015, up 20.1% year-over-year. Its total store number reached 12,210 and it will continue to drive the ph…..

Metro Canada goes local in Ontario

Following the success of its three-year long local sourcing program in Quebec, Metro has launched a new initiative to boost sales of local products in Ontario.
Over 800 new local products added in Q…..

Iceland: 2015/16 results reflect challenging year

Iceland has reported financial results for the year ending 26 March 2016, with total sales falling 0.8% to £2.675bn.

LFL sales improve but remain negative
Iceland’s like-for-like sales …..

Tesco steps back from Turkey & Giraffe

Following speculation, Tesco has confirmed today that it is to sell its controlling stake in Tesco Kipa to Migros for £30m, subject to regulatory approval. Separately, the retailer revealed…..