date:Mar 15, 2019
of 400. The investment is aimed at helping support Mercadonas target of growing sales by 3.7% to 25.2bln in 2019. The retailer said it would invest 2.3bln in the year ahead, while its net profit was forecast to fall by 27% to 435mln.
Source: retailanalysis.igd.com
China: Sun Art Retail Group appoints new chief executive
Chinese hypermarket operator Sun Art Retail Group has appointed Huang Ming-tuan as its new chief executive, with his appointment set to be confirmed at the group's AGM in May.