Inflation

Target Raises Annual Profit Forecast After Price Cuts Boost Quarterly Sales

Target raised its annual profit forecast and beat Wall Street expectations for second-quarter comparable sales as shoppers were drawn by low priced groceri...

Axfood Announces Closure Of Meal-Kit Business Middagsfrid

Axfood has decided to pull the plug on its meal-kit business Middagsfrid, citing weak demand for pre-planned subscribed meal kits.

Sunshine Boost UK Supermarket Spending But Asda Struggles, Says NIQ

Warm weather and household buying ahead of summer holidays accelerated sales growth at UK supermarkets in August, although No. 3 player Asda continued to s...

Potential Seven & i Blockbuster Deal Highlights Fresh Era For Japan M&A

UK Households Prioritise Savings As Disposable Income Grows

UK households are prioritising savings over spending with disposable increasing 14% year on year in the second quarter and consumption down 0.3%.

Irish Grocery Sales Surge As Shoppers Celebrate Olympic Wins: Kantar

Take-home grocery sales in Ireland increased by 7% in the four weeks to 4 August 2024 as shoppers enjoyed the summer of sports with the Olympic Games and t...

Mars' Biggest Deal Clinched By Secretive, Deep-Pocketed Family

A running joke among residents of McLean, Virginia, is that the most secretive organisation headquartered in their Washington D.C. suburb is not the Centra...