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Tesco Reports Strong FY23/24 Results And Forecasts Profitable FY24/25

Tesco has posted its preliminary results for the 2023/2024 financial year, reporting a strong sales performance and increased revenue.

Tesco Among Grocery Giants Teaming Up To Launch $125m Vulture Capital Fund

Five global supermarket chains including Tesco have teamed up to launch a $125 million venture capital fund to accelerate retail innovation.

S.Africa's Woolworths Steps Up Battle For Affluent Shoppers With Absolute Pets deal

South African fashion and food retailer Woolworths will buy a 93.45% stake in pet care retailer Absolute Pets from Sanlam Private Equity and Absolute's man...

Walmart Promotes CEO Of Sam's Club To Head International Division

Walmart Inc on Wednesday promoted Kathryn McLay, CEO of its Sam's Club unit, to head its $100 billion international business at a time when high inflation...

Weekly Round-Up ... 23 February 2023

Australian grocer Woolworths Group said that an inflation-driven shift away from dining out was helping to lift sales.

Weekly Round-Up ... 20 December 2022

German business morale rose more than expected in December.

Walmart Makes Offer To Buy Out Rest Of South African Retailer Massmart

Walmart Inc has launched a 6.4 billion rand ($377.6 million) offer for the remaining 47% of South African retailer Massmart it does not already own.