Netherlands-based SPAR International reported global sales growth of 4.35% to €37.1 bn (US $41.6 bn). The retailer stated its entry into two new markets, an additional 208 stores and the consistent expansion over the past four years has been a key growth driver, although the Coronavirus (COVID-19) pandemic has brought challenges. 2019 ‘has again delivered exceptional results’ Commenting o...

We review Walmart's first quarter results and its outlook as the business adapts to the new trading environment. Walmart's key numbers Walmart's total revenue in Q1 increased by 8.6% to $134.6bn Operating income increased 5.6% $5.2bn Sales in its US stores increased by 10.5% and by 9.6% at Sam’s Club US comp store sales increased by 10.0%, with average ticket up 16.5% while tran...

Reliance Retail added 1,533 stores last year, expanding its network to 11,784 across food, fashion and digital sectors. Total sales grew 24.8% The company’s pre-tax earnings grew 55.7% to INR96.5bn (US$1.3bn) year-on-year. March growth for the total company was the weakest due to the COVID-19 lockdown impact. However, grocery stores under the banners Reliance Fresh, Reliance Smart and Relia...