Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as "incredibly challenging".
Walmart Inc (WMT) said on Thursday it would increase the average pay of pharmacy workers to more than $20 per hour and offer more frequent and automatic pay raises as part of a new "progressive wage model" to address a tight domestic labor market.
Walmart Inc (WMT) said on Thursday it would increase the average pay of pharmacy workers to more than $20 per hour and offer more frequent and automatic pay raises as part of a new "progressive wage model" to address a tight domestic labor market.
Canada's Dollarama Inc (DLMAF) beat estimates for quarterly sales on Wednesday as surging inflation fueled demand for the discount store's groceries and household essentials. Top North American dollar stores are seeing an influx of consumers looking to save money as surging inflation drives up the prices of everything from edible oils to paper products and gas.
An environmental group said Monday it had sued two major Californian retailers to stop them selling thicker plastic bags that are supposed to be recyclable but cannot be recycled in the state. The plaintiff, The Last Beach Cleanup, sued supermarket chains Gelson's and Stater Bros.
Shareholders in Sainsbury's (JSNSF) will get to vote on a resolution at next month's annual meeting calling for Britain's second biggest supermarket group to commit to paying the so-called real living wage to all its workers by July 2023.
Supermarket group Ahold Delhaize raised its full-year earnings forecast on Wednesday after reporting a smaller than expected fall in first-quarter core income as people started to eat out more following the easing of COVID restrictions.
Asda said on Monday it was targeting regaining its status as Britain's No. 2 supermarket group as it reported a 42% jump in 2021 operating profit and launched a new value range for cash-strapped shoppers. Leeds, northern England-based Asda is currently Britain's third largest grocer with a market share of 14.6%, trailing Tesco (TSCDF) on 27.7% and Sainsbury's (JSNSF) on 15.5%, according to Kantar data.
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