ISN Magazine – Page 229 – International Supermarket News

Inflation running at over 10% remains a huge problem for businesses

ISN Magazine15th February 2023

by ISN Magazine15th February 20230

Kevin Pratt, personal finance expert at Forbes Advisor, says: “Today’s Consumer Prices Index inflation figure from the Office for National Statistics – a fall from 10.5% to 10.1% – will offer only a crumb of...

Latest News Supermarkets

Amazon wants to invest heavily in real food shops.

ISN Magazine15th February 2023

by ISN Magazine15th February 20230

Amazon is still striving to develop its empire, despite putting the brakes on some expansion plans and recently announcing it will dismiss more than 18,000 workers. According to CEO Andy Jassy, the company wants...

Analysis Latest News Supermarkets

Carrefour Shares Increase as 2022 Sales Exceed Expectations

ISN Magazine15th February 2023

by ISN Magazine15th February 20230

Following the release of 2022 data, which experts claim confirm the group’s operational strengths, Carrefour’s stock price increased on Wednesday. Share prices were 5.9% higher at EUR17.39 Carrefour exceeded consensus forecasts with annual sales...

Munich: Rewe’s Supermarket of the future

ISN Magazine14th February 2023

by ISN Magazine14th February 20230

It is to become the supermarket of the future across the country. What currently not only sounds futuristic, but also feels surreal, became reality in Munich, the first cashierless Rewe store opened at Königsplatz...

Walmart to close three IT hubs.

ISN Magazine14th February 2023

by ISN Magazine14th February 20230

According to a late-Monday story in The Wall Street Journal, Walmart intends to shut down three of its technological centers in the United States and order hundreds of employees to move if they want...

Coca-Cola revenue increases in the fourth quarter.

ISN Magazine14th February 202314th February 2023

by ISN Magazine14th February 202314th February 20230

Coca-Cola reported quarterly revenue that above analysts’ estimates on Tuesday, due to increasing drink prices. However, increasing prices have reduced demand for Coke products such as Simply Orange Juice and Fairlife Milk. Coke reported...

Latest News Supermarkets

ID Logistics increases the value of deliveries to Auchan stores in southern Poland.

ISN Magazine14th February 2023

by ISN Magazine14th February 20230

ID Logistics is extending its cooperation with Auchan Polska. The operator, which has been servicing the retail chain’s warehouse in Mszczonów for over 8 years, will now be responsible for managing operations at the...

Latest News Supermarkets

Lulu Hypermarket hosts Thai cuisine festival.

ISN Magazine14th February 2023

by ISN Magazine14th February 20230

From February 12 to 18, Lulu Hypermarket will entertain consumers around the Kingdom to an exhibition of Thailand’s popular and diverse food. On February 13, the festival was launched simultaneously in Riyadh and Jeddah....

Latest News Supermarkets

Carrefour Brasil reports a 28% decline in adjusted net profit for the fourth quarter.

ISN Magazine14th February 2023

by ISN Magazine14th February 20230

Carrefour Brasil said on Monday that its fourth-quarter adjusted net profit fell 28.2% from the previous year to 550 million reais ($106.19 million), owing to a double-digit increase in spending. Carrefour SA (CARR.PA), the...

Latest News Supermarkets

Ebay acquires the AI business 3PM Shield.

ISN Magazine14th February 202314th February 2023

by ISN Magazine14th February 202314th February 20230

Ebay announced the acquisition of 3PM Shield, a supplier of AI-based marketplace compliance solutions, on Monday, as the e-commerce giant seeks to ease policy compliance for sellers and maintain the site’s reputation as a...