Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...

As Auchan Poland launches the Drive format in the country, adds Decathlon’s products in a further country and expands its B2B service in Russia, we round up news from the retailer. Auchan launches Drive format in Poland… Auchan Retail Poland has launched the Auchan Drive service in the country at the Auchan Poznan Komorniki store. Shoppers, from the beginning of June, have been able to orde...

Magnit has reached an agreement with the Dixy Group to acquire its Dixy and Megamarket stores. The network amounts to 2,612 convenience stores and 39 supermarkets, which are supported by five distribution centers. On the acquisition’s completion, it is forecast to boost Magnit’s 2021 sales of RUB1,780 bn (US$24.1 bn) by up to RUB300 bn (US$4.7 bn), a 17% increase. Magnit closes the gap on X5… ...