Inflation in France : “There will be no red March”
Asked about a possible surge in prices next month, the Minister of Economy and Finance called for not “playing on the fears of the French”,
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Partnership between HDFC Bank and Lulu Exchange to increase cross-border payments between India and the Middle East
On Tuesday, the largest private sector bank in India, HDFC Bank, and a financial services firm located in the UAE, Lulu Exchange, inked a contract
Spanish DIA Discusses Selling Its Portuguese Business
According to local media sources, the Spanish supermarket chain DIA has hired the investment bank Societé Générale to investigate the possibility of selling its operations
Kroger and Gotham Greens increase their collaboration
According to a news release, supermarket operator Kroger is growing its retail alliance with Gotham Greens. More than 300 Kroger locations already sell Gotham’s goods.
Fresh prouce shortage in the UK ?
In response to the lack of fresh produce plaguing shops, Asda and Morrisons have placed restrictions on the purchasing of specific fruits and vegetables. Asda
Walmart anticipates lower than expected earnings for 2023
Walmart said on Tuesday it expects a lower-than-expected annual profit for 2023 and warned that cautious consumer spending could weigh on profit margins. The U.S.
Tesco in the United Kingdom improves retail workers’ wages by 7%.
Tesco, the UK’s largest retailer, will boost hourly pay for about 220,000 store employees by 7% beginning in April, another hike that will certainly pique
Intermarché records light revenue growth in 2022
the umbrella group for the Intermarché and Netto supermarket chains, saw its sales increase by 2.3% last year. The increase in sales was significantly higher
Waitrose to spend £100 million to prevent consumer price increases.
The corporation has pledged £100 million to absorb price increases on 300 of its own-brand items, including sausages, carrots, peas, and Fairtrade tea. Although a quarter of the products will experience price reductions of at least 20%, the average price across the chosen products will drop by 14%. According to a Waitrose representative, “This funding has been dedicated to allow us to cut costs throughout the year.” “We can’t comment on
UK, Aldi is becoming the fourth-biggest supermarket
Budget supermarkets are seeing huge growth as a result of the cost-of-living problem, whilst more costly chains are finding it difficult to keep their clientele.