ESM Magazine

2 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).

3 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.

5 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.

6 days ago | esmmagazine.com | Dayeeta Das

Dole plc has refinanced $1.2 billion (€1.07 billion) in corporate credit facilities, extending the maturity of outstanding debt at favorable interest rates. The new credit facilities comprise of a $600-million, multi-currency, five-year revolving credit facility (RCF); a $250-million, five-year term loan A (TLA); and a $350-million, seven-year farm credit term loan, the company added. These new credit facilities replace an existing RCF, TLA and a senior secured Term Loan B, Dole noted.

6 days ago | esmmagazine.com | Dayeeta Das

UK retailer Asda is extending its retail media proposition to include offsite (Meta), onsite (Asda.com), and D2C-owned channels, including email marketing and Asda Rewards. Asda's LS Eleven Media Services offers brands access to quality customer insights, campaign planning, activation and measurement services.