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Waitrose invests £100 million on its own brands.
Waitrose is investing £100 million on price cuts on hundreds of its own-brand items, despite fierce competition in the sector and consumers facing record inflation. The premium retailer is slashing the costs of over...
Lidl to reduce animal-based products
As part of a company-wide effort for sustainability, Lidl has revealed intentions to sell less meat items. On the shelves of the German discount shop, vegan alternatives are anticipated to gradually replace animal-based goods....
Inflation running at over 10% remains a huge problem for businesses
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...
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...
Munich: Rewe’s Supermarket of the future
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.
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.
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...
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....