Carrefour Group said its stores in Beijing have prepared triple vegetable stocks for the market. In Fengtai district, the Xinfadi wholesale market, which supplies around 80% of the capital's agricultural produce, provides more than 19,000 tons of vegetables on average during the week. A senior government official said the city's supplies for daily goods are sufficient and prices are stable. Supermarkets in Beijing have stocked up with double and triple the usual amount of daily goods - especially vegetables, eggs, meat and fruit - to keep up with rapidly soaring purchases. Masters, a former Tesco executive, joined Pepco in 2019 and took over as interim CEO at the end of last month when CEO Andy Bond stepped down for health reasons.Ĭhina: In Beijing, markets stock up on produce, daily goods Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, named Trevor Masters as chief executive, promoting him from an interim role. Poundland owner Pepco names Trevor Masters CEO The Hverdagspris programme includes a wide range of items used by Danes in their daily lives, such as bananas, milk, organic oatmeal, peeled tomatoes and detergent. The prices of the items will be in line with the prices in discount stores going, the retailer added.
McColl's warned it was increasingly unlikely that its ordinary shares would benefit from a potential financing that might help resolve its short-term funding issues, sending shares of the British convenience store chain down 42%.ĭenmark: MENY offers more than 400 items at competitive pricesĭanish retailer Dagrofa has announced that its MENY retail chain has launched 'Hverdagspris' (Everyday Price) campaign, offering more than 400 basic products at competitive prices. UK: McColl's warns short-term funding unlikely to benefit shares, slumps 42% It is the 56th store for the retailer, which has 3 more store openings planned in Luxembourg this year. In Esch-sur-Alzette, a brand new Proxy Delhaize opened near the train station in the city centre. The retailer is not developing any e-commerce activities in the Grand Duchy for the time being, but is focusing on proximity stores. In a stock exchange filing, Reliance said the deal now cannot go through as "the secured creditors of FRL (Future Retail) have voted against" it.ĭelhaize Luxembourg invests in proximity stores, not in e-commerceĭelhaize is celebrating its 100th anniversary in Luxembourg and has just opened its 56th store.
India's top retailer Reliance called off its $3.4bln deal with Future Group, saying it "cannot be implemented" after Future's secured creditors rejected it. Reliance calls off $3.4bln retail deal with India's Future Group
It has also confirmed to 120,000 hourly paid shop floor colleagues that their pay will increase to £10.10 per hour from July.Ĭhina: Alibaba's Freshippo adds more couriers, still unable to meet Shanghai demandĪlibaba's supermarket chain Freshippo said it was adding more couriers to meet high demand in Shanghai but this was not yet catching up with the rising needs of locked-down residents as the city battles a surge in COVID-19 cases. Products covered by the ‘dropped and locked’ promise include a range of household favourites, including fresh fruit and vegetables, fresh meat, store cupboard favourites like rice and noodles as well as soft drinks, desserts and frozen products. In a sweeping range of measures aimed at supporting UK households tackling inflation, the supermarket has confirmed that it has ‘dropped and locked’ the price of over 100 family favourites and will lock the price down until the end of the year. UK: Asda to invest over £73mln this year in tackling cost of living crisisĪsda has announced it will be investing over £73mln in tackling the cost of living crisis for its customers and colleagues.
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