A Peek Inside Consumers’ Kitchens
As consumers continue to engage in home cooking, insights from the latest Kitchen Audit by Circana reveal significant shifts in cooking behaviors and appliance usage. This report provides valuable information for brands looking to align their products with these evolving…
Costco Reports Strong October Sales
Costco Wholesale Corp. has reported impressive sales figures for October, showing a remarkable 7.2% increase compared to the same month in the previous year. This surge comes despite challenges posed by external factors such as hurricanes and port strikes that…
Franchise Group Inc. Faces Bankruptcy: A Cautionary Tale for Retail and E-Commerce
Franchise Group Inc. (FRG), the parent company of well-known brands like The Vitamin Shoppe and Pet Supplies Plus, recently filed for Chapter 11 bankruptcy—an event that signals significant shifts within the retail and e-commerce landscape. With nearly $2 billion in…
Lowes Foods CEO Wants Grocers to Believe in Magic
In a recent address at Progressive Grocer’s Grocery Impact event in Orlando, Tim Lowe, the CEO of Lowes Foods, posed a thought-provoking question: What if there were no holiday seasons to boost grocery sales? His answer was simple yet profound:…
Australia's Proposed Ban on Social Media for Under-16s Sparks Global Debate on Youth Digital Exposure
Australian Prime Minister Anthony Albanese has recently unveiled a bold initiative proposing a ban on social media usage for children under the age of 16. This significant legislative move mandates that social media platforms verify users’ ages and restrict access…
Kraken’s Defences Face Dismissal in SEC’s Cryptocurrency Lawsuit
The US Securities and Exchange Commission (SEC) has filed a motion in federal court to dismiss crucial defences raised by cryptocurrency exchange Kraken in an ongoing lawsuit that accuses the platform of securities violations. The SEC’s motion, submitted on November…
Musk's Potential EU Fines Amid Trump Administration Rumors
As the political landscape evolves in the United States, the potential appointment of Elon Musk to a key position in the incoming Trump administration raises important questions regarding his corporate obligations and liabilities under European law. The European Commission has…
FCA Takes Action Against £1.5 Million Crypto Scam Targeting UK Investors
The UK’s Financial Conduct Authority (FCA) has made headlines by prosecuting two men, Raymondip Bedi and Patrick Mavanga, for orchestrating a cryptocurrency investment scam that defrauded unsuspecting investors out of £1.5 million. The fraudulent activities spanned from 2017 to 2019…
Nvidia Stock Soars to Record $3.65 Trillion: What This Means for Tech Investors
Nvidia has recently made headlines by reaching a historic market capitalization of $3.65 trillion, making it the first company ever to achieve such a valuation. This remarkable milestone was largely driven by a substantial rally in the tech sector following…
India's Antitrust Watchdog Finds Zomato and Swiggy Violated Competition Laws
India’s Competition Commission (CCI) has recently revealed that popular food delivery platforms Zomato and Swiggy have breached competition laws through various anti-competitive practices. This investigation, initially sparked by a complaint from the National Restaurant Association of India in 2022, highlights…
