As part of its Capital Markets Day event in March 2021, Lenta announced it is to expand its small format network and online presence as it aims to double its revenue, to more than RUB1 tr (US$13.2 bn) by 2025. The aim is to capture a higher share of consumer spend through new channels that target a wider range of shopper missions, while still enabling it to focus on its core hypermarket business....

A.S. Watson Group, the world’s biggest international health and beauty retailer, has recently announced its refreshed social purpose and 2030 vision for sustainability. Commitment to ‘put a smile on our customers’ faces’ Since the A.S. Watson Group is operating on a massive scale globally, it is determined to take stronger responsibility towards the customers they serve, as well as the envi...

Auchan said in its 2020 financial year confirmed its ‘ successful turnaround ’ and the ‘ success of the Renaissance operational excellence programme as it reported its EBITDA rose 27% to €1.63 bn. However, the improvement in its profitability came despite Auchan Retail’s revenue falling 5.2% to €31.626 bn, although it remained stable, contracting by only 0.2%, in like-for-like terms. Flat rev...