Alibaba affiliate may sell 1.54% stake in Zomato
Antfin Singapore, an affiliate of Alibaba Group, announced its intention to sell a 1.54% stake in the online food delivery giant Zomato. Through strategic block deals, the company aims to raise approximately ₹3,400 crore. The shares will be offered at…
Shoppers Are Splitting the Bill When Buying in Bulk
In an increasingly budget-conscious environment, grocery shoppers are adapting their purchasing strategies. Research from Advantage Solutions reveals a notable trend: one-third of consumers are now buying bulk items and splitting the costs with others. This approach emerges as a practical…
How Jumia Technologies grows its African ecommerce marketplaces
Berlin-based Jumia Technologies AG is navigating a complex landscape marked by both growth potential and financial challenges. As it expands its e-commerce marketplace, payments, and logistics services across 10 African countries, Jumia has encountered a significant revenue dip. For the…
Giant Eagle Selling C-Store Business to Couche-Tard
Giant Eagle Inc., a prominent Midwest food retailer, has announced a significant shift in its business strategy by entering a definitive agreement to sell its GetGo Café +Markets business to Alimentation Couche-Tard Inc. This acquisition will involve approximately 270 GetGo…
Ditching the Drive-Thru for On-the-Go Healthy Groceries
Ditching the Drive-Thru for On-the-Go Healthy Groceries In a fast-paced world, convenience often drives our dietary choices. According to the Food Industry Association’s “U.S. Grocery Shopper Trends Finding Value Report 2024,” about 32% of individuals spend less than 30 minutes…
7-Eleven Parent Company Gets Takeover Bid From Couche-Tard
Alimentation Couche-Tard Inc. has positioned itself at the forefront of the convenience store market with a strategic takeover bid directed at Seven & i Holdings, the parent company of 7-Eleven. In a recent statement, Couche-Tard presented a “friendly, non-binding proposal”…
Consumers still shopping despite economy facing growth pressure
Consumers are showing remarkable resilience in their spending habits even as economic growth faces pressure. According to data from the National Retail Federation (NRF), retail sales in July increased by 1% month-over-month, highlighting consumer confidence amidst concerns of moderating economic…
What Grocery Brands Are Most Popular Among Hispanic Shoppers?
Ahead of Hispanic Heritage Month, Collage Group released a report detailing the grocery brands most favored by Hispanic shoppers. This study highlights not only popular brands but also key factors influencing purchasing decisions among this demographic. Hispanic consumers prefer brands…
Perdue Issues Nationwide Recall After Finding Metal Wire in Chicken Nuggets
Perdue Foods LLC has initiated a voluntary recall of over 167,000 pounds of frozen chicken products after reports surfaced about metal wire found within some packages. The issue came to light following consumer complaints that led Perdue to alert the…
What's Going on in the Deli Department?
Deli departments in supermarkets are witnessing significant growth as retailers enhance their offerings to capitalize on this trend. Bold flavors and limited-edition products are primary drivers of this expansion. Heather Prach from the International Dairy Deli Bakery Association notes a…
