James Grzinic News
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J Sainsbury Plc, the U.K.’s third- largest supermarket chain, reported a 34th successive quarter of same-store sales growth as the grocer increased its share of the market while its main competitors all lost ground.
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Carrefour SA rose in Paris while Cencosud SA slumped the most in more than a year in Santiago after the French company agreed to sell its Colombian stores to the Chilean retailer for 2 billion euros ($2.6 billion).
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Royal Ahold NV, the Dutch owner of the Stop & Shop chain, left open the possibility of acquisitions as it considers how to utilize cash raised from the $3.1 billion disposal of its stake in Swedish retailer ICA.
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Carrefour SA , the world’s second- largest retailer, returned to profit in the first half of 2010 and said it’s confident of achieving full-year objectives, boosted by cost cutting and cheaper purchasing.
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Royal Ahold NV, the owner of Stop & Shop grocery stores, dropped the most in more than nine months as first-quarter earnings missed estimates because U.S. and European consumers held back on spending.
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Ocado Group Plc , the U.K. online grocer that sold shares to the public for the first time last year, dropped as much as 18 percent in London trading after the second-biggest shareholder sold its entire stake.
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Carrefour SA, the world’s second- largest retailer, is considering a proposal to merge its Brazilian assets with those of Cia. Brasileira de Distribuicao Grupo Pao de Acucar, setting up a power struggle with French rival Casino Guichard-Perrachon SA.
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Royal Ahold NV, the Dutch owner of Stop & Shop stores, said it will ramp up its online business, expand in Belgium and add convenience stores as Chief Executive Officer Dick Boer aims to reverse slowing sales growth.
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Carrefour SA , the world’s second- largest retailer, rose to a six-week high in Paris trading after fourth-quarter sales provided some reassurance for investors after November’s reduction of the company’s profit forecast.
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Carrefour SA, the world’s second- largest retailer, cut its dividend by more than 50 percent and said it would “significantly scale down” superstore conversions as annual profit declined.
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