North American News
Grocer Kroger's 1st-qtr net income off 14 percent
Kroger, which is the nation's largest traditional grocery store operator with chains as Ralphs, QFC, King Soopers, and Dillons, said its net income fell 14 percent for the quarter due to increased costs,but the results beat expectations.
Burlington Coat Factory Announces First Quarter Fiscal 2010 Operating Results
Net sales for the first quarter ended May 1, 2010 were $894.7 million compared with $830.0 million for the comparative period ended May 2, 2009, a 7.8% increase.
Rona expands Atlantic Canada presence with new purchase
Rona Inc. Canada's largest home renovation chain, is expanding its presence in Atlantic Canada with the purchase of five Piercey's stores in the Halifax area.
European News
Celesio, Phoenix Tie Up For Local Operations
In a major shake-up of the Dutch pharmacy market, German groups Celesio and Phoenix Pharmahandel have announced that they are merging their local operations, creating the second-largest local pharma company in terms of sales, trailing market leader Mediq. The new entity, which has not yet been named, will operate 115 directly-owned pharmacies and 40 franchise-partner pharmacies.
Media Saturn aims to be leader in Turkey
Media Saturn Group, a leading consumer electronics retailer in Europe, aims to be the leading company in the Turkish consumer electronics sector by the end of the year.
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