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UK: Shareholder Group Hires Renowned Barrister To Advise On Damages Claim Against Tesco Over Profit Overstatement
Tesco is facing a major shareholder damages claim over last year’s profit overstatement that plunged the retailer into crisis and led to a dramatic slump in the value of its shares.
UK: B&M Stepping Up Expansion After Jump In Sales And Profits
B&M has revealed that it will open a further 60 stores in the year ahead after reporting soaring sales and profits in its first set of results following its flotation on the stock market last June.
UK: Britvic Launches New Campaign For Tango
Britvic has launched a new marketing campaign for its Tango brand, which will reinforce the message that ‘Tango is back!’.
FINLAND: Kesko Outlines Three-Pronged Growth Plan
The Kesko group has announced a revamped growth programme, extending a strategic review aimed at reviving its fortunes.
US: Costco Q3 Profits Top Estimates, But Sales Lag
Costco has reported better-than-expected profit figures for its fiscal third quarter, but sales came in below analysts’ estimates.
the rest of today's retail industry news here