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May 19th, 2012
Newsletter No. 392, 8 - 15 May
Mercator invests EUR 30 million in its Serbia-based facilities
Mercator will invest over EUR 30 million in Serbia this year, and the most significant investment of all, amounting to EUR 12 million
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RUSSIA: Beer tax hits Carlsberg profits
Danish brewer Carlsberg failed to meet first-quarter profit forecasts after its crucial Russian market took another hit from
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RUSSIA: X5 Retail Group to rebrand all Pyaterochka-Maxi stores
Russia-based X5 Retail Group is to stop developing its hybrid hypermarket-cash & carry format Pyaterochka-Maxi and will
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CZECH REPUBLIC: Budejovicky Budvar reports healthy annual results
There was a 9% increase in the annual gross profit of Budejovicky Budvar, the prominent Czech beer producer, in 2011
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UK: Sainsbury’s full year sales up 6.8%
UK-based Sainsbury’s has announced its full year financial results for the period ended 17 March 2012. Sales including VAT
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SCANDINAVIA: Ahold ICA reports substantial sales growth for Q1
Ahold-affiliated Scandinavian grocery retailer ICA’s net sales for the first quarter rose 6.5% or 5.8% at constant exchange rates
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CHINA: Metro to double stores in 3-4 yrs
Germany's Metro plans to double the number of its stores in China to more than 100 over the next three to four years to grab a bigger
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AUSTRIA: Pfeiffer purchases stake in Zielpunkt in Austria
Austrian retailer Pfeiffer has bought a 24.9% stake in competitor Zielpunkt, although the transaction remains subject to formal
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NETHERLANDS: Retailers Face Profit Blow as Taxes Chill Spending
Retailers in the Netherlands may have their earnings pinched this year as increased sales taxes and higher excise duties push
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EUROPE: Retail Sales Bounce Back In March
Retail sales across Europe grew in March, reversing a decline in the previous month, offering some hope to the industry.
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