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Retail
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Shoprite Holdings reports 7.1% rise in half-year revenue to US$8.5B
Online grocery delivery and continued store expansion contributed to overall growth.
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Carrefour sets 2030 target to lead Africa’s mass retail market
Strategy relies on franchise partners and asset-light growth model
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Carrefour cancels sale of Argentine business, opts to keep operations
Plans to pursue local expansion with US$300 million investment programme
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Carrefour sells Romanian operations for nearly US$976M amid global restructuring
Company continues international expansion through franchise deals.
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Kroger appoints former Walmart executive Greg Foran as CEO
Shares rise following announcement as company seeks to strengthen its position against Walmart.