Inflation

Henkel Expects To Lose Sales Momentum In 2023

Germany's Henkel said it expects slower industrial and consumer demand to curtail sales growth this year after price increases helped organic sales to jump...

Irish Grocery Sales Growth More Than Double In February: Kantar

Irish take-home grocery sales growth more than doubled in the four weeks to 19 February 2023 as grocery inflation reached a new high of 16.4%, according to...

Costa Coffee Raises UK Staff Pay For Third Time In A Year

Coca-Cola owned Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year.

Costco Misses Quarterly Revenue Estimates As Discretionary Spending Slows

Costco Wholesale Corp missed second-quarter revenue estimates, as consumers turned frugal on discretionary spending amid persistently high inflation.

Hapag-Lloyd Forecasts Big Drop Off After Record 2022 Profit

German container shipper Hapag-Lloyd on Thursday posted a record profit of $18.08 billion (€17 billion) for 2022, 88% more than a year earlier, but sa...

Kroger Sees Annual Profit Above Estimates

Kroger forecast annual profit above Wall Street estimates on Thursday, as the supermarket chain benefits from higher prices, easing cost pressures and stea...

Dutch Retailer Jumbo In Dispute With Mars Over Pricing

Dutch supermarket chain Jumbo is in a dispute with Mars, which has resulted in limited availability of Mars products in Jumbo stores and online, according...

McBride Says Thrifty Shoppers Helping Turn Its Fortunes

Britons conscious of a worsening cost-of-living crisis were helping Oven Pride maker McBride return to profit, the company said, as it gains market sh...