Supermarkets
Kroger and Albertsons to sell 300 stores to complete their merger.
Kroger and Albertsons intend to divest up to 300 locations, particularly in regions where the grocery chains overlap, in order to avoid antitrust objections to Kroger’s $25 billion acquisition of Albertson. The merger, announced...
Amazon wants to invest heavily in real food shops.
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...
Carrefour Shares Increase as 2022 Sales Exceed Expectations
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...
ID Logistics increases the value of deliveries to Auchan stores in southern Poland.
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...
Lulu Hypermarket hosts Thai cuisine festival.
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....
Carrefour Brasil reports a 28% decline in adjusted net profit for the fourth quarter.
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...
Ebay acquires the AI business 3PM Shield.
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...
Power and Media Markt merge in Sweden
The Nordic consumer electronics chain Power takes over Media Markt’s stores in Sweden. The parent company Media Markt Saturn will retain 20 percent. “This is a good move for both Power and Media Markt...
France relies on shops to assist consumers in dealing with rising food prices.
Feb. 13, Paris – The government is relying on food shops to agree to provide an anti-inflation basket of everyday essentials at deeply discounted rates, so the finance minister of France encouraged them to...
‘SPAR For You’ Is Launched By Colruyt Group For B2B Clients
The B2B clients of Belgian retailer Colruyt Group have been given priority in the introduction of a new food service called SPAR For You. SPAR For You now gives customers the choice of adding...