Top 5 food retail networks
Tuesday, July 13, 2010
Germany's Kaufland was the only player in the ranking of the five biggest players in modern food retail to register a profit leap last year, on a market where the crisis ate into companies' profit margins, according to the data operators reported to the Trade Registry. In the absence of organic sales increases, major retailers cut their profit margins to 2-3% last year from 3-5% in 2008, with the steepest decline being posted on the cash & carry store segment, viewed as the most mature ...