Asda, the U.K. grocer owned by Walmart Inc., said Monday that pretax profit rose 13% in 2018, benefiting from its second consecutive year of positive like-for-like sales growth. The third-largest grocer in the U.K. by market share said pretax profit was 804.9 million pounds, compared with GBP712.6 million the prior year. Revenue for the year rose to GBP22.92 billion, compared with GBP22.22 billion in 2017. Total sales excluding fuel and VAT rose 2.1%, compared with 0.8% in 2017....
Mars Foods UNCLE BENS® brand is partnering with Innit, a Connected Food platform, to launch a breakthrough AI-driven innovation that will forever change the way consumers engage with food. With an increasingly complex landscape of dietary restrictions and consumer questions and an ever growing lack of time grocery shopping has become daunting.
SAN FRANCISCO, Sept. 5, 2019 The global organic beverages market size is estimated to reach at USD 47.78 billion by 2025 expanding at a CAGR of 13.0%, according to a new report by Grand View Research, Inc. High product demand across the globe and rising disposable income levels in developing economies are some of the major factors boosting the growth of the market.
BERKELEY, Calif. Bellwether, whose commercial roaster won the industry's Best New Product award earlier this year, makes coffee roasting emissions-free and easily accessible to cafes and grocery stores.
SAN FRANCISCO, Aug. 19, 2019 Global Craft Soda Market is estimated to expand at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe.
Grocery and online contribute to strong quarter and prompt outlook boost. This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal. Walmart Inc. posted higher second-quarter sales and raised its profit outlook, extending a multiyear streak of growth as the retail giant takes market share from struggling competitors and expands online.
Walmart Inc. said sales rose in the second quarter and it raised its profit forecasts for the year, extending the retail giant's multiyear streak of growth as it takes market share from struggling competitors and expands online. Sales at U.S. stores and websites operating at least 12 months grew 2.8%, due to some price increases, strong grocery sales and slightly more shoppers visiting stores and websites. U.S. e-commerce sales rose 37%, which includes a growing online grocery...
Walmart Inc. said sales rose in the second quarter and it raised its profit forecasts for the year, extending the retail giant's multiyear streak of growth as it takes market share from struggling competitors and expands online. Sales at U.S. stores and websites operating at least 12 months grew 2.8%, due to some price increases, strong grocery sales and slightly more shoppers visiting stores and websites. U.S. e-commerce sales rose 37%.
British supermarket giant Tesco (TSCDF) on Monday announced plans to cut jobs and scale back operations at its smaller convenience stores, citing increased cost pressures. The British supermarket giant said it will cut around 4,500 jobs. It plans to store fewer products in its back rooms and have workers "working more flexibly across the store to improve customer service."
Tesco PLC (TSCDF) said Monday that it will eliminate 4,500 jobs and implement changes across its stores to address increasing competition and a more challenging retail environment. The U.K.' s biggest grocer by market share said it will seek to simplify and reduce processes and administrative tasks across its 153 Tesco Metro stores. Additionally, 134 of its 1,750 Express stores where footfall is lower will introduce reduced opening hours and a simplified stock routine.
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