News and articles
Carrefour on shortlist to buy Lenta
Date: 2008-09-03 00:00:00
According to French press reports, Oleg Jerebtsov, founder of St Petersburg-based hypermarket chain Lenta, is considering selling 89% of his company to the highest bidder, possibly Carrefour. Wal-Mart, Carrefour, Kesko...
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Processing against Tesco because of cheap meat
Date: 2008-09-03 00:00:00
According to the informations of Kelet-magyarországi Húsosok Kereskedelmi Kft. the hypermarket chain sell spare rib with bone for HUF 700, also this is the suppliers' price. József Fazekas, president of...
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Lidl starts construction of Bulgarian outlets
Date: 2008-09-03 00:00:00
German retailer will start building a pilot outlet in the city of Lovech, Northern Bulgaria, the company said. Work on a further five outlets will begin by the end of...
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The school year beginns with Nutrition Olympic
Date: 2008-09-03 00:00:00
The common program of Nestlé Hungária Kft. and the Hungarian Dietetic Association focuses on prevention of child obessity. School using the Nutrikid teaching program can take part on Nutrition Olympic....
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Sainsbury to push own-brand goods
Date: 2008-09-03 00:00:00
The UK consumer buys a higher proportion of own label than pretty much anywhere in the world.Sainsbury-sponsored research found that 62 per cent of shoppers said they were more likely...
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Stores accused of unhealthy food promotions
Date: 2008-09-03 00:00:00
The British National Consumer Council (NCC) went into the eight major chains and found that more than half of promotions were for unhealthy foods. The NCC visited eight stores in...
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Dell shares slump as earnings disappoint
Date: 2008-09-02 00:00:00
While revenue increased from a year ago, to more than $16 billion, Dell's profit fell 17% as the company said its margins were hurt by low pricing as it works...
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Euronics International posts record revenues
Date: 2008-09-02 00:00:00
Europe's biggest group of independent retailers in the consumer electronics market, realised record revenues of EUR 12.6 billion in the elapsed financial year. The international alliance oparets at over 11,500...
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Mixed Retail Sales Across the Balticum
Date: 2008-09-02 00:00:00
Retail sales rose in Lithuania for the January to July period, but were down in Latvia and Estonia, according to latest figures from the official agencies in each country. In...
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Cryovac Mirabella® unique tray lidding system
Date: 2008-09-02 00:00:00
The package is a patented, inventive and creative packaging concept that totally changes the rules of the game for meat packed under modified atmosphere. This clever package allows product-to-film contact...
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Decline of investments
Date: 2008-09-02 00:00:00
In the second quarter of 2008 the volume of investments in the national economy – on the basis of preliminary data – decreased by 2.1% compared to the same period...
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Manufacture of refined petroleum products calls the shots
Date: 2008-09-02 00:00:00
Domestic sales prices of industry rose by 1.2% in July 2008 compared to the previous month and were 13.3% higher than in July 2007. Export sales prices of industry, measured...
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Slight German retail sales
Date: 2008-09-02 00:00:00
German retail sales including vehicles and turnover at gas stations rose by 0.6 percent on the month in July in real terms, preliminary Bundesbank figures showed. However, this followed a...
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Slovaks struggle to get to grips with euro prices
Date: 2008-09-02 00:00:00
Shops are supposed to be listing prices in both units, getting people used to the euro before formal conversion on January 1, 2009 but many are not, according to the...
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US inflation on 17 years top
Date: 2008-09-02 00:00:00
Consumer spending was down 0.4%, the largest decline since June 2004. Inflation-adjusted spending has fallen for the last two months, the first time this has happened since September 2005. Personal...
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Meat-processing plant in Mako
Date: 2008-09-01 00:00:00
Turkish-owned Duna-Doner will supply Turkish restaurants in western Europe with meat for doner kebabs. According to press information the company will begin construction of a Ft 500 million (€2.14 million)...
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Solid Sales Growth at Carrefour
Date: 2008-09-01 00:00:00
French retail giant announced sustained sales growth of 8.5% at constant exchange rates in its 1H 2008 results. The company said it was strongest first half growth since 2005. This...
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Internal and external equilibrium improve
Date: 2008-09-01 00:00:00
The forecast prepared by GKI Economic Research Co. in co-operation with Erste Bank shows that the Hungarian economy gets out of the growth hole in the second half of the...
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Organic sales at 10-year low in UK
Date: 2008-09-01 00:00:00
English experts are warning that consumers are more confused than ever about whether it is worth paying the higher prices, especially while they are trying to reign in their spending....
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PepsiCo to finish Acquisition of Russian Juice Leader
Date: 2008-09-01 00:00:00
Lebedyansky is the world's sixth-largest juice manufacturer and the largest in Russia, with an estimated market share in Russia of around 30% and annual revenues in 2007 of approximately $800...
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TESCO plans store for pensioners in UK
Date: 2008-09-01 00:00:00
Supermarket giant Tesco could be about to open its first pensioner-friendly supermarket in the UK, it has been revealed. If given the go-ahead, the store would feature extra wide aisles,...
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X5 Retail strong Q2
Date: 2008-09-01 00:00:00
The Russian retail Group NV said second quarter net profit reached $74 million, up more than five-fold from $14 million in the year-earlier period thanks to surging sales and tighter...
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SCHUITEMA to sell ten stores in Netherlands
Date: 2008-09-01 00:00:00
Dutch retailer Schuitema has said it is to sell ten ailing C1000 stores. Seven will be handed over to discount retailer Aldi, while two will go to Schwarz Group's Lidl,...
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Retail area grow, the stores stand behinde chains
Date: 2008-08-29 00:00:00
According to Nielsen research to market share of hyper- and supermarkets and discounts increased in H1. Hypermarkets has 30%, supermarkets 11%, discounts 19% from whole retail sales. The biggest growth...
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2,000 entrepreneurs claimed Szechenyi Card2
Date: 2008-08-29 00:00:00
The new card construction started on 2 June, since that time point more than HUF 7 billion credit was placed. Széchenyi Card2 can be claimed by handing in the necessary...
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High-dose omega-3 beverages from Norway
Date: 2008-08-29 00:00:00
A line of high-dose, omega-3 juice drinks produced by Norwegian fish oil specialist Pharmalogica, has expanded its distribution from 200 to 1100 retail outlets in six months. The company said...
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Blockades for higher supplier price for apple
Date: 2008-08-29 00:00:00
The producers want to give HUF 15-20 for one kilo apple, the growers would to get HUF 30 for it. Farmers want to make meetings faster by closing the roads....
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Prada May Postpone IPO in an Uncertain Market
Date: 2008-08-29 00:00:00
Earlier in the year, rumors swirled about a potential Prada IPO, divesting the company of a third of its shares and forcing the Prada family to reduce drastically its 95%...
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Demonstration at Tesco's Headquater
Date: 2008-08-29 00:00:00
Angry dairy farmers protested outside Tesco's Cheshunt HQ, demanding an end to a “price war” they say will hit them in the pocket. Around 50 representatives from all four corners...
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