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UK GROCERY SALES
Tesco CEO Ken Murphy says don't read too much into sales growth slowdownTesco's chief executive Ken Murphy stated that a recent slowdown in sales growth should not be overemphasized. He linked the performance to...- Hormuz halt forces Middle East trade into huge rewiringA year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of ...
- Why Amazon has struggled to crack IndiaAmazon's India strategy is changing: under new leadership, the company is focusing on profitability over rapid growth. This shift comes as ...
- Tesco partners with Adobe to ramp up AI‑driven personalised marketingTesco, Britain's largest food retailer, is joining forces with US software group Adobe. This collaboration will leverage artificial intelli...
- UK's M&S invests $457 million in robotic warehouse to boost food businessMarks & Spencer will invest $457 million in a new automated distribution centre in Daventry, set to open in 2029, creating 1,000 permanent ...
- Annual food bills set to rise by £682 as grocery price inflation hits record 14.7 per cent, says reportData from Kantar's market analysts show that over the four weeks ending on October 30, food costs increased by 14.7 per cent. This is the h...
- UK shoppers turn to own-label food as inflation bites, research showsSales of branded grocery products fell by 5.1% in the four weeks to March 26, while sales of own-label, or private-label, products created ...
- Retailers, energy stocks push London stocks higherThe benchmark FTSE 100 index gained 0.4%, with general retailers and energy stocks gaining between 2% and 3%.
- UK grocery sales up 6.9% in October ahead of new English lockdownWith COVID-19 infections rising at an alarming rate the British government imposed a second national lockdown for England, starting last Th...
- UK lockdown drives fastest growth in grocery sales for over 25 yearsOf Britain's big four grocers, industry leader Tesco was the best performer with sales up 12.7%, closely followed by No. 2 player Sainsbury...
- Flipkart's limited India operations hit global growth: WalmartFlipkart's sales plunged after the Centre put restrictions on ecommerce companies.
- BigBasket raises $150m in funding, targets profitability this yearFirm in unicorn country after raising $150m in a round led by Mirae Asset-Naver Asia, Alibaba and CDC Group.
- A $12 billion for a majority stake in Flipkart would be Walmart’s biggest acquisition everAfter all, e-commerce is expected to grow explosively in India, and it's a market Amazon.com has not yet dominated.
- Tata Group to enter online grocery business by acquiring Gurgaon-based GrocerMaxFood and grocery account for almost 50% of India's $500-billion retail market which is attractive for any player, foreign or local.
- Indian businessman wins Queen's Enterprise AwardYusaffali MA, 61, said the recognition for his Birmingham-based Y International (UK) Ltd will spur his Abu Dhabi headquartered Lulu Group I...
- Amazon starts Amazon Pantry to push sales of grocery and houselold essentialsThe launch of Amazon Pantry comes at a time when the FMCG business at Amazon India has emerged amongst the top five categories by sales.
- Tesco JV sees 8 per cent growth in FY15-16In FY16 the like-for-like sales growth of Star Bazaar stores was 9.2 per cent as against 1.1 per cent in the preceding year, revealed data
- Finland all out to ban smokingMarlboro Man lit up his last cigarette on Finnish TV screens in 1978. Soon, his smokes will be out of plain sight in stores and selling tob...
- Patak’s to turn up in AB Foods’ plateCurry is British, but Indian Curry Kings eventually turn their eyes and hopes homeward. Associated British Foods, the £6 billion internatio...
- Patak's bought by Associated Brit FoodsCompletion of the deal is subject to regulatory clearances & is to be formalised by the end of August.
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