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...led to households trimming their grocery spend....
...Kroger and Albertsons argue the deal is necessary for them to compete against retail giants such as Walmart and Amazon, and even dollar stores in the grocery space....
...The merged entity would operate more than 5,000 stores and approximately 4,000 retail pharmacies while employing nearly 700,000 staff across 48 states, the FTC said....
...Instacart, the largest US grocery delivery app, cut 7 per cent of its staff this week in an effort to become more efficient....
...The grocery chain operator said consumers had responded well to its lower prices and promotions. BJ’s Wholesale Club, the operator of membership warehouse clubs, was up 7 per cent....
...The valuation of the rest of the S&P A week or two ago, we wrote a piece implying that the Magnificent Seven tech stocks were not, as a group, in a bubble....
...Beneficiaries from a valuation boost would include shareholders of Seven & i Holdings, Japan’s largest convenience store operator, which owns 7.8 per cent of Ain’s outstanding shares, according to the company...
...The data — released by advisory firm KPMG and the BRC ahead of official figures next week — suggests that even as sales volumes in food rise, profits at grocery stores and supermarkets may be declining as...
...The Mag 7 value trade Market pundits often talk about the Magnificent Seven big tech stocks as a homogeneous entity. This is a mistake....
...For example, anyone walking into the Anya Mart in London’s Chelsea between now and April 7 will find recognisable grocery products from brands such as Kellogg’s, Kikkoman and Heinz turned into candles and...
...Tesco, the UK’s largest supermarket chain, has forecast rising profits this year and announced a £1bn share buyback, as it lures more shoppers to its stores and consumer sentiment improves....
...Clothing sales dropped 1.7 per cent....
...Sodergren said the company has been expanding its investments in semiconductors in the past six or seven years, including a new site in Austin, Texas, and an expanded team in Sweden....
...Apple and Google-owner Alphabet were accused of favouring their own app stores while Facebook-owner Meta is being probed over its use of personal data for advertising....
...organisation” as part of an updated strategy designed to attract more shoppers to its stores....
...The Magnificent Seven just don’t look that expensive relative to their growth rates....
...US private equity firm General Atlantic has agreed to take a controlling stake in Joe & the Juice, increasing its investment seven years after initially putting money into the Danish sandwich chain....
...ABF’s adjusted operating profit, excluding exceptional charges, rose 4 per cent to £1.5bn while its margin declined “as expected” to 7.7 per cent from 8.4 per cent last year owing to inflationary pressures...
...In the MSCI World Index, which covers developed markets only, the 10 heavyweights — which are all American companies — are now 21.7 per cent of total market capitalisation, helping drive the US share of...
...PC maker Dell and beauty store chain Ulta report their results after the market closes....
...That’s the merger statute, Section 7 of the Clayton Act. But that case is also being brought under Section 2 of the Sherman Act....
...These have the appeal of acyclicality; people keep going to the grocery store in a recession. There are demographic tailwinds, too, namely a rising number of millennials moving to the burbs....
...Between them the pair now control 17.7 per cent of UK grocery market share, according to Kantar....
...Lawson, Japan’s third-largest convenience store chain by number of shops after Seven & i Holdings and FamilyMart, has agreed to the offer....
...The FAO food commodity price index increased marginally to 118.3 in March, following a seven-month decline. But the figure was still down 9.9 points from last March....
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