Meituan Swings To Profit In Q2 As Price Wars Subside
Meituan returned to profit and beat revenue growth forecasts as subsidy-driven competition in China’s one-hour delivery market eased.
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Mike Ashley hits out at PM’s cost-of-living proposals
Frasers Group founder brands government plans as populist hot air in letter to Downing Street
PepsiCo, Kraft Heinz under investigation in Texas over avocado oil claims
A probe into food giants' better-for-you brands follows a UC Davis study that found many products may be adulterated with cheaper oils.
Consumer confidence wanes on dimming view of jobs, incomes, business
Most consumers expect higher inflation and anticipate that interest rates will rise in the next 12 months, The Conference Board said.
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…
Dollar Stores Beat Sales Estimates As Cheaper Essentials In Demand
Dollar General and Dollar Tree surpassed quarterly sales estimates as lower-priced essentials drove consumers to their stores.
Arla plans more ingredients capex amid “super high” demand for protein
Arla will “invest significantly” in its ingredients business, the dairy giant’s CEO has said, as demand for – and the prices of – protein ingredients surges. The post Arla plans…
Sainsbury’s announces half prices on fruit and vegetables
Sainsbury’s will celebrate the summer Bank Holiday with discounts on selected fresh fruit and vegetables. Running from 28 August to 31 August, the offer aims to offer customers…
The FTC is turning its sights on personalized pricing. What does it mean for customers?
The Federal Trade Commission is seeking comments on the practice, giving businesses yet another reason to be wary of implementing personalized or surveillance pricing.
Poundstretcher’s latest campaign showcases low prices
Budget retailer Poundstrecher has unveiled a new campaign that aims to highlight its deals and low prices on “market leading brands”. The marketing drive, titled ‘Love the Brands…
Orior cuts sales forecast on pork prices, weather
Switzerland’s Orior has lowered its forecast for annual sales on the back of “volatile” pork prices and the recent hot weather in Europe. The post Orior cuts sales forecast on…
KEY PLAYER PROFILE How FlipKart scales retail media across a mobile-first, price-sensitive market
Flipkart’s retail media operation offers an insight into how the model evolves outside Western markets. In India – one of the world’s fastest-growing digital economies – retail…