Articles

  • 3 days ago | esmmagazine.com | Branislav Pekic

    Carrefour Brasil saw its net profit soar to R$225 million (€35 million) in the first quarter of its financial year, more than five times higher than the R$39 million (€6 million) it earned in the same period last year. Revenues during the quarter rose by 6.2% to R$27.99 billion (€4.3 billion), adjusted EBITDA increased by 3.7% to R$1.47 billion (€227 million), while capex was 15.4% higher at R$359 million (€55 million).

  • 4 days ago | esmmagazine.com | Branislav Pekic

    Spanish retailer DIA has invested €50 million in a state-of-the-art logistics centre in Dos Hermanas, Seville, to bolster its operations in Andalusia. This 53,000-square-metre facility replaces an older one in the same location and will cater to 235 of DIA's 500 Andalusian stores, out of a total of 2,300 nationwide, according to the company. It is DIA’s third warehouse in the region along with those located in Jaén and Antequera.

  • 6 days ago | esmmagazine.com | Branislav Pekic

    Brazilian retailer Grupo Pão de Açúcar (GPA) reduced its first quarter loss by 74.4% year-on-year to R$169 million (€26 million), while revenue increased 3.9% to R$4.76 billion (€734 million). This improvement was primarily due to a 58.5% decrease in operating expenses, attributed to restructuring and store closures, while 7.3% same-store sales growth also contributed.

  • 1 week ago | esmmagazine.com | Branislav Pekic

    Alcampo, the Spanish unit of French retailer Auchan, has announced it will close 25 supermarkets in Spain and cut up to 710 jobs as part of a restructuring plan. Alcampo's layoffs will affect 145 supermarkets and eight hypermarkets in Spain. The supermarket closures will impact stores across ten regions: Madrid, Navarra, Castilla-La Mancha, Castilla y León, La Rioja, Cantabria, Catalonia, Aragon, Asturias, and the Basque Country.

  • 1 week ago | esmmagazine.com | Branislav Pekic

    Liquid carton packaging supplier Elopak has posted 'record' quarterly revenue, exceeding €300 million for the first time. The Norway-based company also achieved its highest last twelve month (LTM) revenue of €1.17 billion. Elopak's first-quarter revenue increased by 6.3% (5.2% on a organic basis) to €310.3 million, driven by strong performance in the Americas with 23.1% organic growth across all segments, fuelled by Pure-Pak carton and filling machine sales.

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