Despite impacts to its business from the COVID-19 pandemic, Globus sales for the 2020/2021 financial year grew by 2.4% to €7.76bn. Hypermarkets drove the growth Its hypermarket business in Germany, which comprises of 49 stores, grew by 3.4% to €3.5bn, including petrol stations. This occurred even as the restaurant areas within the stores had to close for some of the year due to the pandemic...

The ecommerce player’s logistics arm, Cainiao, has installed thousands of package lockers globally, especially in Russia, Poland, Spain and France. Ranks among the top three ecommerce platforms in eastern Europe Alibaba ranks among the top three online sellers of consumer goods in eastern Europe, according to Euromonitor International. Polish online shopping site, Allegro, took first place ...

ELO, the new name for Auchan Holding, reported H1 revenue fell by 0.5%, at constant exchange rates, to €15.11 bn. However, its EBITDA rose 12.5%, again at constant exchange rates, to €757m, with its margin reaching 5.0%, up from 4.4% in the same period in 2020. In relation to Auchan Retail, turnover fell 2% on a like-for-like basis, excluding petrol and exchange rate effects, but including a 0...