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EY comments on today’s ONS retail sales figures for Decembe
Silvia Rindone, EY UK&I Retail Lead, comments: “Despite indications that consumers might be delaying their Christmas shopping and many stores starting their January sales earlier to entice shoppers, retail sales volumes fell by 1%...
Britain’s Asda and Morrisons settle London lawsuit against Mastercard
Asda (WMT.N) and Morrisons, two major British grocery chains, have reached a settlement with Mastercard (MA.N) regarding fees assessed to merchants. In accordance with a decision made by the two businesses and a ruling...
Spain- El Corte Inglés receives backing from the EIB with a loan of up to €74 million.
The European Investment Bank (EIB) and El Corte Inglés have signed financing of up to EUR 74 million. It will enable the Spanish company to boost its energy efficiency and digital transformation plan up...
Spain – Mercadona raises its workers’ salaries
Most staff at rival supermarkets enviously compare Mercadona employees’ salaries because they are by far the highest compensated. As in any other place with comparable qualities, the work is challenging at Mercadona, but unlike...
Walmart stores in New York will stop using paper bags
Starting on Wednesday, all of the company’s locations in New York State will no longer offer paper bags at the register. Nearly two years have passed since New York State implemented a ban on...
Hangovers from the Pandemic Stifling Growth for 59% of UK Businesses
59% of workers believe the pandemic has had a negative long-term impact on the operations of the business they work for A third of workers think their business is less efficient since COVID-19 37%...
Nestlé invests $43 million in the expansion of its Wisconsin factory.
A $43 million expansion of Nestlé Health Science’s facility in Eau Claire, Wisconsin, is planned. In order to improve capacity and keep up with the rising demand for its ready-to-drink Boost and Carnation Breakfast...
Ireland – producers of food are sought for the Grow with Aldi program.
Food producers are being encouraged by Aldi Ireland to think about applying to the Grow with Aldi program this year. With the help of Bord Bia, the supplier development initiative seeks to assist small...
In 2022, Lidl spent €1 billion on Irish food and drink.
According to a study from the store, Lidl spent €1 billion last year investing in Irish agri-food companies. According to its most recent Supplier Impact Report, €682m of its investment was used to purchase...
TCS’ New MarTech Software Helps Retailers Hyper-Personalize Customer Experiences and Enhance Loyalty
Tata Consultancy Services’ Customer Intelligence & Insights™ Solution Combines a Customer Data Platform, Loyalty Management and Analytics Tata Consultancy Services has introduced TCS Customer Intelligence & Insights™ (CI&I) for Retail 3.0, to help retailers...