Carrefour

LONDON - French retailing giant Carrefour on Monday said it would invest $800 million in South Korea over the next four years to better compete in one of Asia's fastest-growing retail markets, the Financial Times reports.

TROY, Mich. -- Kmart Holding Corp. has named Bruce Johnson, Janet Kelly, and Lisa Schultz as new senior vice presidents.

Wal-Mart came to dominate the market's grocery business in just a few years. Some local retailers were overrun, but consumers have yet to be overwhelmed.

PARIS - French supermarket retailer Carrefour SA Thursday said it is buying the remaining 45 percent stake in its Colombian division in a move that will boost its earnings, Dow Jones Newswires reports.

SHANGHAI - The Chinese government plans to merge the parent companies of its largest retailers to meet growing competition from foreign retail giants that are rapidly expanding in China, according to report citing a government official and industry sources.

JERUSALEM - Blue Square-Israel, one of Israel's largest retailers, said on today it moved to a loss in the fourth quarter due to declining sales and write-downs as a result of the domestic recession and increased competition.

PARIS - Carrefour SA, the world's second largest supermarket chain behind Wal-Mart Stores Inc., on Wednesday reported an 8.6 percent rise in 2002 net profit as tight cost control helped offset a slide in revenue.

RA'ANANA, Israel -Retalix Ltd. and Super-Sol Ltd. are establishing a public B2B electronic marketplace in Israel that will provide online collaboration services between Super-Sol, Israel's largest supermarket chain, and its suppliers.