Loblaw cuts 500 jobs to boost e-commerce
Loblaw Co Ltd, the Canadian grocery retail chain will cut 500 jobs and reinvest savings to boost its digital and e-commerce services, Reuters reported on Monday. The job cuts that […]
Read MoreKroger hosts Natural Foods Innovation Summit
Kroger hosted its first Natural Foods Innovation Summit in partnership with 84.51°, in Cincinnati, Ohio on Oct. 12 with plans to hold similar summits a few times each year. The […]
Read MoreTarget offers voice-based shopping with Google Express
On Oct. 12, Target announced it had partnered with Google Express to let consumers shop using Google Assistant on voice-activated Google Home devices, Android TV and soon eligible Android phones […]
Read MoreWalmart acquires Parcel, boosts NY delivery service
Walmart announced on Tuesday that it had acquired a Brooklyn-based logistics startup called Parcel for “smaller than previous acquisitions” in a deal that was closed on Sept. 29. The company […]
Read MoreAmazon Primes Whole Foods with 43% price cuts
On its first day at Whole Foods, Amazon slashed prices by 43 percent and offered Farm Fresh Picks of the Season – Echo and Echo Dot at $99.99 and $44.99. […]
Read MoreCostco co-founder and board chairman, Jeff Brotman, dies at 74
Jeff Brotman, who co-founded retail titan Costco and served as chairman of its board of directors, died at his Seattle home. He was 74. The evening before his death, […]
Read MoreMondelez CEO Rosenfeld to step down in November
Mondelez International CEO Irene Rosenfeld will retire in November, capping an 11- year tenure that included spinning off Kraft Foods, acquiring Cadbury and adapting to consumers’ ever-evolving demands, notably their […]
Read MoreSupervalu adds West Coast to its reach with Unified Grocers acquisition
In the acquire-or-merge trend that is sweeping through the retail space, the need to grow to compete has seen another acquisition. This time, Minnesota-based grocery store Supervalu expects to dramatically […]
Read MoreAmazon to Acquire Whole Foods Market
Amazon and Whole Foods Market have entered a definitive merger agreement where Amazon will acquire Whole Foods Market to the tune of $13.7 billion. The price includes Whole Foods Market’s […]
Read MoreNestle contemplates sale of US confectionary business
Nestle is appraising options for its confectionary side of the business, and company leaders are open to an acquisition or merger, so long as the conditions make sense. The […]
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