Spanish Mercadona and Zara do well
Two of Spain's best-known high street names, both still largely family owned, announced record profits for 2018 last week.
FOOD is a joint five-year research collaboration between NHH and NorgesGruppen to generate research and new knowledge on the grocery markets, particularly on empirical issues related to market structure, competition and productivity.
News from Food
WM Morrison: from survival to profit
Morrisons, Britain’s fourth largest supermarket group reported a rise in quarterly underlying sales on 12 March, though its rate of growth slowed somewhat from a warm weather boost in the second quarter.
Costco grows in both channels
Costco Wholesale Corp speeded past analysts’ estimates for quarterly profit on 7 March as the warehouse club operator’s margins were lifted by lower gas prices and a shift to lower-cost sourcing, sending its shares up 5 percent. The company also said pricing pressure on its groceries business had decreased, adding to the optimistic sentiment.
Asda & Sainsbury’s: No deal – says British competition authorities
The proposed £12 billion merger of Sainsbury’s (J Sainsbury plc), and Asda (Walmart) could lead to higher prices, a poorer shopping experience and reductions in the range and quality of products offered, fears The Competition & Markets Authority (CMA) in UK.