News

The world’s largest retailer, Wal-Mart Stores Inc. achieved a 3.44 billion USD, 88-cent per share profit in the second quarter of 2009. The result is almost the same as the result of the previous year, but exceeded the expectations of analysts. The value of net sales decreased by 1.4 percent to 100.08 billion USD, calculating without exchange rate it is a 2.7 percent increase.

One of the most important British leader Paul Foley, who was in charge for Great Britain and Ireland at Aldi unexpectedly left the company. According to analysts Sainsbury’s and Asda’s increase, or the better inclusion of Tesco’s own brands can be the reason.

The world’s largest food industry group, Nestlé achieved 5.071 billion Swiss francs, after tax profit in the first half of the year, which is 2.7 percent decrease compared to the same period of 2008 and it is under the expectations of analysts. The slight decline is explained by the management with the selling of departments and with the strong Swiss franc.

Retailers have accused the Auchan, with violating several rules, when started to sale own branded vodka on the market. The Krepost branded Auchan vodka is advertised by the slogan ’the best balance between price and quality’ which according to the authorities may mislead consumers.

Danish Carlsberg’s second quarter net profit increased to 1.94 billion korunas (375 million euros) from the one year earlier 1.42 billion.The result significantly exceeded the 1.6 billion korunas expectations of analysts.

Starbucks duplicates its units in Poland and in the Czech Republic. The American café chain, sees strong growth potential in Central and in Eastern Europe and wants to double the number of Czech and Polish businesses within five years.