Cost Savings

Morrisons Reports 4.1% Increase In LFL Sales In Second Quarter

UK retailer Morrisons has reported a 4.1% increase in like-for-like sales in the second quarter of its financial year.

Walgreens Narrows Full-Year Profit Forecast, Takes $5.8bn Impairment

Walgreens Boots Alliance cut the higher end of its profit forecast for fiscal-year 2024, citing economic challenges for its retail operations, an...

UK's Sainsbury's Targets More Cost Savings, Better Returns For Investors

British supermarket group Sainsbury's has set a new cost savings target of £1 billion (€1.17 billion) over three years and promised to boost ret...

Sainsbury's Searches For More Cost Savings To Compete On Price

The next phase of British supermarket Sainsbury's strategy will aim to build on the momentum of a strong 2023 during which it said it drew customers b...

FrieslandCampina To Cut Over 1,800 Jobs As Part Of Cost Savings Plan

Dutch dairy cooperative FrieslandCampina plans to cut over 1,800 jobs across the organisation over the next two years as part of its cost savings plans.

FrieslandCampina Targets Annual Cost Savings Of €400m To €500m

Dutch dairy cooperative FrieslandCampina aims to achieve annual cost savings in the range of €400 million to €500 million from 2026, by implement...

Danone Lays Out Productivity Plans In Virus-Led Restructuring

French food group Danone has laid out plans for becoming a more efficient organisation in a post-COVID world, including by cutting costs, trimming product...

S.Africa's Tiger Brands Eyes $32m Cost Savings, Declares Special Dividend

Tiger Brands, South Africa's biggest food producer, is targeting cost savings of 500 million rand ($32 million) in the 2021 financial year in a p...

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South Africa's Massmart Ups Cost-Saving Target As Loss Widens