Groceries

Target Cuts Annual Forecasts As Americans Hold Back On Non-Essential Spending

Target has lowered its full-year sales and profit expectations and forecast a dour third quarter, in another sign that Americans, squeezed by inflation, ar...

SPAR Switzerland Opens Third Go24 Checkout-Free Store

SPAR Switzerland opened its third 24/7 checkout-free Go24 store in the village of Surava in mid-July, which offers approximately 500 essential food items.

French Grocers Could Benefit From Food Price Cuts, Analysts Say

French grocers may benefit from the country's demand that big food producers impose price cuts as sales of supermarket own brand products rise and the majo...

UK Regulator Raps Sainsbury's, Asda For Preventing Rival Store Openings

Britain's competition watchdog has secured agreements from supermarket groups Sainsbury's and Asda to cease using unlawful land agreements after it uncover...

'Massive Shift' Seen In Grocery Shopping Habits In The UK: Report

Grocery shopping in the UK has seen a 'massive shift' in food shopping habits since the pandemic, according to a report by the BBC based on insights from K...

South African Food Firm Premier Group Posts Almost 40% Jump In Annual Profit

South African food producer Premier Group has posted a near 40% jump in annual profit despite increasing commodity prices and rising inflation.

Norwegian Cross-Border Trade Declines 9.1% In First Quarter

Cross border trade in Norway declined by 9.1% year-on-year to NOK 1.9 billion (€160 million) in the first quarter of 2023, according to latest data fr...

Walmart Reiterates Goal Of Doubling International Gross Merchandise In Five Years

Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a top executive at the re...