Retailing

The company in second place, e-commerce giant Amazon

Ljubljana – Dnevnik reports on Tuesday that after the Slovenian retailer Mercator had been transformed from a joint stock company into a limited liability company at the beginning of the month, the procedure has been launched in the region to merge certain business functions of Mercator and the Croatian retail chain of Konzum.

Visits by shoppers to outlet malls in Turkey exceeded the pre-coronavirus pandemic level, people from the industry said, noting that the retail industry is one of the main beneficiaries of the improvement in the COVID situation.

Judge Penney Azcarate denied the defense’s motion to strike for statements two and three. She’s taking the first under advisement

Britain's biggest retailer Tesco yesterday warned that soaring inflation would bite into future profit, causing its share price to slide along with those of rival supermarkets.

Tesco said underlying profit was expected to drop in its current financial year after it jumped by more than one third in 2021/22.

CarrefourSA, one of Turkey's largest retailers, plans to add 300 new outlets to its vast network of supermarkets this year.

"Some 250 of the stores will open under the franchising system. In 2022, already 80 such stores were launched by March," said Kutay Kartallığoğlu, the general manager of CarrefourSA.

The leader has one-third of the market

Shares of Wall Street collapsed today amid growing fears of a potential Russian invasion of Ukraine, AFP reported. Markets ignored the good results of Walmart and other companies.

Price of Gold with a Max. Value since June

The Dow Jones Industrial Average ended 1.8 percent, a loss of more than 620 points and ended at 34,312.03 points.

It took the intervention of Development Minister Adonis Georgiadis for Lidl, the German international discount retailer chain, to drop a lawsuit against a destitute, elderly woman who on 12 February was caught stealing food, meat and cheese reportedly worth 30-40 euros, at the chain's store in Ilion, Western Athens

Swedish low-cost fashion brand Hennes & Mauritz AB said yesterday that its net sales in local currencies have increased by 8 percent in the fourth quarter of 2021 to 56 billion kronor ($6 billion) back at pre-pandemic level with the full year net sales increasing by 6 percent to 199 billion kronor ($21 billion).