International Grocery News
Walmart Reiterates Goal Of Doubling International Gross Merchandise In Five Years
Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200bn in five years, a top executive...
US Consumer Outlook Dims As Upscale Retailers, Discounters Slash Forecasts
Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the US consumer as persistent...
Nestlé Names New CFO
Nestlé has hired the London Stock Exchange Group’s (LSEG) finance boss Anna Manz as its new Chief Financial Officer.
She will replace Francois-Xavier Roger, who...
Weaker Quarter For Costco As Shoppers Curb Spending
Costco’s sales growth continued to weaken during its third quarter as consumers made cutbacks on non-essential spending amid persistently high inflation.
Having recorded double-digit increases...
Debt Laden French Supermarket Enters Negotiations With Creditors; To Sell Some...
Casino, one of France’s leading grocery retailers, confirmed today that it was set to start court-backed negotiations with its creditors as the heavily indebted...
Debt-Laden Retailer Casino Takes Step To Start Talks With Creditors
French supermarket retailer Casino is looking to start official negotiations with its creditors as it seeks a way out of its financial woes while...
Treasury Wine Warns Of Demand Hit From Inflation
Australia’s Treasury Wine Estates warned today that inflation was squeezing demand for its commercial-grade wine and driving up packaging costs,
Read the full article on...
Nestlé Names New Head Of Operations
Nestlé has announced the retirement of Magdi Batato, with Stephanie Pullings Hart taking over his role as Head of Operations.
Batato will take retirement in...
Europe’s Politicians Impose Price Caps To Address Soaring Food Costs
Europe’s retailers and governments are locked in their fiercest tussle over food costs for 50 years, with policymakers resorting to price controls to tackle...
World’s Largest Retailer Raises Guidance After Seeing Resilient Consumer Spending
Walmart upped its annual sales and profit targets yesterday as its focus on low-priced groceries and other essentials helped it report better-than-expected first-quarter results.
The...
