J Sainsbury Plc, the U.K.’s third- largest grocer, reported the first drop in same-store sales in more than nine years as the supermarket owner joined its main rivals in succumbing to a shift away from the big chains.
The Body Shop was ahead of its time in using natural ingredients and getting customers to recycle packaging. Five years after L’Oreal SA paid $1 billion for the retailer, shareholders are still waiting for a payoff.
Mike Coupe has been instrumental in making life difficult for Britain’s supermarket leader Tesco Plc. In his new position as chief executive officer of J Sainsbury Plc, he may have the tables turned on him.
Billionaire Bernardo Caprotti, the octogenarian founder of Milan-based Esselunga SpA, Italy’s fourth-largest food retailer, held his first press conference in September 2007. A few days earlier, he had told a local newspaper that, more than 50 years after starting the operation with Nelson A. Rockefeller, he was selling out.
Michaela Angle has a taste for refined things. The London estate agent drives a silver BMW and is planning a Christmas dinner full of luxury fare. This year, however, she’s buying more than ever at Lidl, the German grocer better known for cut-throat pricing than holiday treats.
Royal Ahold NV, the Dutch owner of Stop & Shop and Giant stores, led shares of European retailers lower as reports from across the region showing higher holiday sales of food, clothing and electronics failed to impress.