E mart trading inc squareupcomreceipts3/24/2024 Walmex said in a statement that the acquisition would be positive for competition and for consumers. The retailer known as Walmex, a unit of U.S.-based Walmart, already has 252 stores in Costa Rica, which is one of its worst-performing Central American markets. Wal-Mart de Mexico said Costa Rica’s competition regulator had notified the company that it opposes its plan to buy 52 local supermarkets, which would grow its store tally in the Central American nation to more than 300. Its original executive board will be retained by E-mart.Ĭosta Rica competition regulator blocks Walmex acquisition Good Food operates 24 stores across the American West under three brands: Bristol Farms, Lazy Acres and Metropolitan Market. It is the company’s first acquisition of an overseas firm. A subsidiary of retail conglomerate Shinsegae, the E-mart US acquisition intends to stabilise and expand its operations in North America. South Korean discount retail chain E-mart is acquiring US food retailer Good Food Holdings for US$270mln. For the thirteen weeks ended December 2, 2018, the Company reported net sales of $37.57bln, an increase of 10.2% from $34.09bln during the similar period last year. For the twelve-week first quarter ended November 25, 2018, the Company reported net sales of $34.31bln, an increase of 10.3% from $31.12bln during the similar period last year. US: Costco Wholesale Corporation reports November sales resultsĬostco Wholesale Corporation (“Costco” or the “Company”) reported net sales of $12.77bln for the retail month of November, the four weeks ended December 2, 2018, an increase of 9.8% from $11.63bln last year. The comparable store sales growth for the period ended October 28 was due to a 4.0% increase in average transaction size, but was partially offset by a 0.9% drop in the number of transactions and was impacted by a decision to strategically limit price increases in recent quarters. Chief executive officer Neil Rossy said the Montreal-based dollar store chain saw its third-quarter comparable store sales grow 3.1% compared with 4.6% in the same quarter a year ago. will focus more of its attention on its lowest priced products in a bid to keep its comparable store sales growth from slowing. Costco: November sales results E-mart US buys supermarket operator in 1st acquisition of an overseas firmĭollarama Inc.
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |