United States

Walmart Opens High-Tech Fulfillment Center Near Indianapolis

Walmart has announced the opening of a new 2.2 million square foot fulfilment centre, located 20 miles northeast of Indianapolis, in McCordsville.

Saputo Sees Profit Up In Full-Year 2023

Canadian dairy company Saputo has reported 18.7% year-on-year growth in revenue, to CAD 17.8 billion, due to higher domestic selling prices and previously...

EU Pork On A Lean Streak As Higher Standards Drive Up Costs

Record pig prices could have spurred farmers like Carole Joliff to expand their herd, but costly livestock regulations, flagging demand and spreading swine...

Retail Media Ad Revenue Forecast To Surpass TV By 2028

The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exce...

AB InBev, Molson Coors Dent US Craft Beer Competition With Cheaper Six-Packs

Anheuser-Busch InBev and Molson Coors Beverage are set to gain market share from craft beer makers in the United States this year as cost-conscious co...

EG Group To Amend And Extend Banking Loans

EG Group, the petrol forecourt and retail company that last week sold its UK operations to supermarket Asda, will seek to amend and extend its banking loan...

J.M. Smucker Sees Smaller Decline In Annual Sales On Higher Prices, Steady Demand

Jif peanut butter maker J M Smucker forecast a smaller-than-expected decline in annual revenue on Tuesday, betting on higher prices and steady demand for i...

Hormel Foods Reaffirms 2023 Forecasts, Shares Rise

Hormel Foods reaffirmed its annual sales and profit forecasts even as its second-quarter revenue missed estimates, sending the company's shares up as much...