Supermarkets
Waitrose to spend £100 million to prevent consumer price increases.
The corporation has pledged £100 million to absorb price increases on 300 of its own-brand items, including sausages, carrots, peas, and Fairtrade tea. Although a quarter of the products will experience price reductions of at least 20%, the average price across the chosen products will drop by 14%. According to a Waitrose representative, “This funding has been dedicated to allow us to cut costs throughout the year.” “We can’t comment on business strategy, but we want to stay competitive, therefore...
UK, Aldi is becoming the fourth-biggest supermarket
Budget supermarkets are seeing huge growth as a result of the cost-of-living problem, whilst more costly chains are finding it difficult to keep their clientele. Aldi and Lidl made a combined total of...
Next week, Iceland will start closing some of its locations across the UK.
Next Thursday, the UK will lose all of the outlets owned by the big supermarket chain Iceland. The retailer of frozen foods has announced that a number of its locations will permanently close. The...
DECATHLON AND TAYAL SIGN AN AGREEMENT TO DEVELOP PRODUCTION IN ALGERIA!
According to the Facebook page of Decathlon in Algeria, a cooperation agreement was signed on Sunday, February 19 between the French brand and the Algerian-Turkish company Tayal. This collaboration will cover the design and...
TESCO ADDS THOUSANDS OF STORES TO ITS WHOOSH DELIVERY SERVICE
By the end of February, Tesco plans to roll out its express delivery service, Whoosh, to 800 locations. The top retailer originally introduced the service in 2021 and has since expanded it to 600...
Lulu Group and Ficci sign Agreement to increase Indian exports to the UAE
An agreement of cooperation (MoU) was signed by the Federation of Indian Chambers of Commerce and Industry (Ficci) and the UAE-based retail giant Lulu Group International to quicken exports from India to the UAE....
Temu, the new Chinese e-commerce competitor in the USA
According to CNN, A new online shopping platform tied to one of China’s largest retailers has quickly surpassed Amazon and Walmart as the most downloaded app in the United States. It is now attempting...
Carrefour makes a foray into Mongolia.
Carrefour International Partnership expands its worldwide footprint by announcing the launch of its first two shops in Mongolia, in collaboration with Altan Joloo and its subsidiary Sansar, under the banners Carrefour (hypermarket) and Carrefour...
Tesco UK may consider selling its banking division.
According to Sky News, Britain’s largest retailer Tesco Plc (TSCO.L) plans to examine its participation in the UK banking sector, which could lead to the sale of its banking subsidiary. According to the story,...
Sweden’s JYSK has selected Resurs as a payment provider.
JYSK’s objective is to be able to provide its consumers the ability to plan their purchases in order to make better and more sustainable financial decisions. To that end, JYSK has recently selected Resurs...