North American News
Wal-Mart to Introduce Radio Tags on Jeans, Underwear to Keep Better Track of Inventory
Wal-Mart has revolutionized the way people shop - and it's hoping to do it again. The retail giant will start putting removable "smart tags" on jeans and underwear next month to keep better track of inventory, reports The Wall Street Journal.
Loblaw Profit Falls, But Shoppers Drug Mart Has Good Q2
Canada's largest grocery chain and largest drugstore chain reported contrasting results for their fiscal second quarters, with Loblaw seeing declines in profits and like-for-like sales, while Shoppers Drug Mart saw steady growth.
European News
X5 says Filed Request for Kopeika with Anti-Trust Watchdog
Russia's biggest grocer by sales, has filed a request with the state anti-monopoly watchdog to buy smaller rival Kopeika, X5 Chief Executive Lev Khasis said on Thursday.
Sligro Reports Slight Growth In H1
The Sligro Food Group has revealed low single-digit growth for the first six months of its fiscal year, saying that market conditions continue to remain challenging. For the first half, net profit was up 3.7% to E28m, operating profit rose by 2.9% to E40.9m, and revenue rose by nearly 3% to E1.12bn.
Kesko doubles second-quarter pretax profit
Finnish retailer Kesko on Friday posted an April-to-June pretax profit of about 79 million euros, up from some 38 million in the year-ago period. Second-quarter sales rose to about 2.28 billion euros from some 2.14 billion.
Lithuanian Retailer T-Market to Buy Sofia's Kalea Supermarkets
Lithuanian food retailer T-Market will purchase Sofia supermarkets Kaleia through Maxima Bulgaria, the company that run the retailer's Bulgarian shops, according to a filing with the Commission for Protection of Competition.
Australian and Asian News
Harrods in talks to open Shanghai store
London-based luxury department store Harrods is holding talks with the Shanghai municipal government on the opening of its first store outside the United Kingdom in the historic Bund area.
Wadhawan Retail Reportedly Set To Shut 'Spinach' Chain
The 'Spinach' grocery chain is reportedly set to be shut down by parent company Wadhawan Retail, marking the latest collapse by an Indian retailer. According to reports in the local media, Wadhawan plans to shut down most of the 45 Spinach outlets by end-July.
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