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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...
Coop 365discount asks the Danish government reduce VAT on fresh produce
Coop 365discount, a Danish retailer, has petitioned the country’s Minister of Food, Agriculture, and Fisheries, Jacob Jensen, to decrease VAT on fresh fruits and vegetables. The call follows a trial undertaken by 365discount in...
To maintain profits, Ahold Delhaize accelerates cost-cutting.
Ahold Delhaize, the Dutch retail firm, will intensify its cost-cutting effort in order to maintain an operating margin of more than 4% in 2023. The store reported good fourth-quarter and full-year profits for fiscal...
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...
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...