Supermarkets
Romania : ” 5 to go ” coffee, A new partnership with Carrefour to install coffee corners.
The value-focused coffee company will build 11 ‘Coffee Corner 5 to Go’ locations within the Romanian network of the grocery chain, while also expanding its retail distribution reach. 5 to go, a Romanian...
SPAR to acquire ANN FORSHAW trademark
SPAR distributor, the James Hall Group, has acquired Ann Forshaw’s dairy goods trademark and the related Alston Dairy for an unknown fee. This recent acquisition adds to James Hall’s growing portfolio of food and...
Kmart leads Wesfarmers to a significant profit.
Wesfarmers, the retail giant, has recorded a great half-year performance, with a net profit of $1.4 billion, up 14% from the previous year. Profits increased by 27% as revenue increased by 27% to around...
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...