US

IDDBA Hosts A Successful 2024 Event

The International Dairy Deli Bakery Association's (IDDBA) 2024 edition encapsulated why the annual event is the premier industry-only show for the dairy, d...

Stop & Shop To Close More Than 30 Stores By Year-End

Ahold Delhaize-owned supermarket chain Stop & Shop plans to close 32 'underperforming' stores by the end of this year.

PepsiCo Feels Squeeze As Financial Pressure Spreads From Low-Income Consumers

PepsiCo CEO Ramon Laguarta said there is "much more price sensitivity" across US income groups and not just low-income consumers, highlighting it...

Costco Wholesale To Hike Annual Membership Fees After Seven Years

Costco Wholesale said it would hike annual membership fees for the first time in seven years for its US and Canada customers, effective 1 September.

Alibaba Bets On Gen AI Tools For Overseas Merchants, Executive Says

Chinese tech giant Alibaba's international e-commerce unit is tapping generative AI-powered tools to help cross-border merchants with translation, con...

Brazil's Flood-Hit State To Produce 55% More Wheat, Crop Agency Says

Brazil's southernmost state of Rio Grande do Sul is expected to reap 4.07 million metric tonnes of wheat this season, 55.27% more compared to the previous...

Spanish Baker Europastry Postpones Listing In Spain

Europastry has postponed its initial public offering (IPO) on the Spanish domestic market, citing 'unfavourable market conditions and increased volatility'...