The world’s second-largest retailer expects currency exchange rates along with restructuring and one-off charges to weigh on profitability this year, after posting lower operating profit for a second year running.
China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets.
Casino has started exclusive talks over buying online shoe retailer Sarenza, as the French supermarket operator looks to strengthen its online presence in the face of competition from Amazon and other Internet firms.
Wal-Mart Stores Inc is looking to sell part of its operations in Brazil, where it has struggled, yet missteps by the U.S. retail giant have narrowed the field of potential buyers and could lower the value of any deal.
Carrefour’s new CEO pledged to slash costs, step up investment in e-commerce and open up the capital of Carrefour China to local investors, as part of a plan to boost growth at the world’s second-largest retailer.