International Grocery News
Walmart Plans To Add More Than 150 Large-Format Stores
Walmart already has a huge US footprint. But the retail giant sees room to get even bigger.
Read the full article on the CNBC website
NAM...
Carrefour To Acquire 31 Stores From Rival
French grocery giant Carrefour has entered into exclusive negotiations with Groupe Intermarché to acquire 31 stores.
The stores represent 94,000 sq.m., or 0.3% of the...
Australia Launches Competition, Pricing Review Into Supermarket Sector
Australia has launched a wide-ranging review into pricing and competition in its supermarket sector as the government unveils a series of policies to improve...
Casino Agrees Sale Of Supermarkets And Hypermarkets To Rivals
Debt-ridden French grocery retailer Casino has struck agreements to sell the majority of its hypermarkets and supermarkets to Auchan and Intermarché parent company Groupement...
Easing Of Price-Hike Benefits Softens Results At Kimberly-Clark
Kimberly-Clark, the owner of brands such as Huggies, Andrex and Kleenex, has missed expectations for fourth-quarter sales and profits after the benefits from price...
P&G Investing More In Marketing To Drive Category Growth
After posting mixed second results yesterday, Procter & Gamble revealed that it was committing extra resources to drive marketing effectiveness and efficiencies to deliver...
P&G Cuts Profit Outlook As Price Rises Ease
Procter & Gamble cut its annual profit forecast today amid signs that the boost from price hikes over the last couple of years is...
London-Listed Investment Firm Acquires RoC Skincare
British private investment firm Bridgepoint has agreed to buy RoC Skincare from Gryphon Investors in a deal reportedly worth $500m.
Gryphon bought the skincare brand...
How US Retailers Are Using AI To Combat Theft
Facing a surge in crime, retailers at NRF ’24 shared insights on how they’re using tech to provide a secure shopping environment and reduce...
Strong US Christmas Sales Underline Consumer Resilience
US consumers defied inflation to ring in a solid 2023 holiday shopping season, fueled by a strong appetite for beauty products, apparel and electronics...