Sun Art Retail Group Ltd (6808.HK)
26 Jun 2019
PARIS France's anti-government "Yellow Vests" protests hit the 2018 profits of retailer Auchan, costing it 140 million euros (120.3 million pounds) in lost sales, adding to pressure on the company which plans to cut costs and scale down investments this year.
* Auchan conducting review of loss-making Italy, Vietnam (Adds chairman comments on China, new plan from news conference)
HONG KONG China's major hypermarket operator Sun Art Retail Group Ltd expects to open 25 new stores in the country this year and also return to positive growth in 2019, its top executives said on Monday.
HONG KONG, March 4 China's major hypermarket operator Sun Art Retail Group Ltd expects to open 25 new stores in the country this year and also return to positive growth in 2019, its top executives said on Monday.
* Says innovation and digitalization key to retail industry (Adds CEO change, management comment, further earnings details, background)
HONG KONG, March 3 Chinese hypermarket operator Sun Art Retail Group Ltd on Sunday posted a 7.3 percent fall in 2018 profit, missing market expectations, amid increasing competition from online and offline rivals.