Supermarkets
Spanish DIA Discusses Selling Its Portuguese Business
According to local media sources, the Spanish supermarket chain DIA has hired the investment bank Societé Générale to investigate the possibility of selling its operations in Portugal. According to reports, DIA is reportedly considering...
Kroger and Gotham Greens increase their collaboration
According to a news release, supermarket operator Kroger is growing its retail alliance with Gotham Greens. More than 300 Kroger locations already sell Gotham’s goods. According to the press release, the goal is to...
Tesco in the United Kingdom improves retail workers’ wages by 7%.
Tesco, the UK’s largest retailer, will boost hourly pay for about 220,000 store employees by 7% beginning in April, another hike that will certainly pique the interest of the Bank of England, which is...
Intermarché records light revenue growth in 2022
the umbrella group for the Intermarché and Netto supermarket chains, saw its sales increase by 2.3% last year. The increase in sales was significantly higher in Belgium. The Les Mousquetaires group, active in food,...
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....