Major US retailers face beef prices probe
The US Department of Justice has expanded its anti-trust investigation into beef prices to include eight large retailers, among them Walmart and Costco. The post Major US…
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Fresh headlines across food, beverage, personal-care, home-care, retail and FMCG services, updated automatically and linked to the original publishers.
Sports Direct brands ASA as “out-of-touch”, after regulator banned ad
Sports Direct, part of the Fraser’s group, has responded to the ASA banning one of its ads branding the regulator “out-of-touch”. The retailer has stated that it will be…
Frasers Group to contest ‘out of touch’ ASA ruling
Retailer hits back at advertising watchdog after regulator banned Puma baselayer top ad for misleading reference pricing claims
Amazon in court: did the platform make advertisers pay too much?
The U.S. Federal Trade Commission (FTC) and as many as 21 U.S. states are suing Amazon for overcharging advertisers. Since 2019, the e-commerce giant is alleged to have…
Frasers CFO urges ASA to review rules on recommended retail prices
Group finance director claims regulator has created 'unreasonable barriers to price competition'
Italian Regulator Approves Takeover Of Emmeci And Mega By Unes Maxi
Italy’s Competition and Market Authority has cleared the acquisition of retailer Emmeci and property entity Mega by Unes Maxi.
Burlington CEO calls using tariff refunds to cut prices ‘the right thing to do’
Michael O’Sullivan expects discounts to be widespread in the second half of the year, so lower prices will help struggling customers and protect market share, he told analysts…
JD.com makes commitments in the MediaMarkt acquisition case
Chinese e-commerce giant JD.com is reported to have made commitments to the EU as part of the investigation into its acquisition of Ceconomy, the parent company of electronics…
Boohoo hit with £2m fine in France over ‘fake’ discounts
Boohoo has been slapped with a £2m fine in France after the country’s consumer watchdog found the fashion retailer had misled shoppers with discounts that were not always genuine…
Walmart’s stores have ‘evolved’ as e-commerce grows
CFO John David Rainey said brick and mortar is vital as retail becomes more omnichannel. Meanwhile, Walmart's Q2 U.S. comps were softened by drug pricing regulation.
China aims to block European investigation into MediaMarkt acquisition
China is instructing its companies and institutions not to cooperate with the European investigation into the Chinese e-commerce giant JD.com. The Ministry of Justice in Beijing…
Sainsbury’s sticks with facial recognition despite “false shoplifter” controversy
Sainsbury’s is continuing to roll out AI facial recognition technology to track down shoplifters, undeterred by the controversy surrounding a customer who was wrongfully banned…