the supermarket, known for its organic food, will have a floor space of 2,100 square metres. Whole Foods Market serves customers in over 530 shops in the US, Canada and the UK. The parent company is Amazon, the second largest US retailer after Walmart Source
Last month, Target joined Walmart, McDonald's, Ford and Lowe's in withdrawing some of their diversity, equity and inclusion initiatives in the face of mounting pressure from critics. Target announced the decision shortly after President Donald Trump signed several executive orders restricting such initiatives within the federal government and private sector... The drop in customers boycotting the chain ranges from - 4% to - 9%, depending on the week.
Source.
There are those like Dominique Pierre Locher (below his post) who have made the connection between the resignation of Nestlé's CEO and this changing of the guard (Fernando Fernandez leaves Unilever after one and a half years), prompted by the difficulties of the 'leading' brands struggling to adapt to the changing market.
This move marks a consolidation phase for the delivery market, as Prosus (a global investor focused on technology) is the main shareholder of Delivery Hero. And Delivery Hero (47,000 employees, present in 70 countries) encompasses a huge portfolio of brands, such as PedidosYa (South America), Glovo and Foodora (Europe), Talabat and Hunger Station (Middle East/North Africa) up to Foodpanda in Asia, just to mention the main ones... In the future, a merger between Glovo and JustEat could be considered... The first half of fiscal 2024, for Delivery Hero, was still a bloodbath: over 700 million net loss on over 5 billion in revenue. Prosus is still losing a lot of money in India with its subsidiary Swiggy. In the long run and by focusing on concentration, delivery could really make money as it does now in the US with DoorDash.
Read: Delivery: between platform losses and worker exploitation
Coffee prices have risen globally due to extreme weather related to climate change, but the nearly 40 per cent increase in Latin America's largest economy last year has become symbolic of a broader discontent with food and drink inflation that has weighed on Lula Inacio Da Silva's approval rates... According to an industry association, the average Brazilian drank 2.2 per cent less coffee in the year to October...The cost of a basket of basic groceries rose 14.2 per cent last year, including a 25 per cent increase in the price of beef cuts, the Brazilian supermarket association said...Meanwhile, struggling Brazilians are switching to cheaper coffee blends. Source
The cascade of derogatory words, threats and lies from the US president this week is due, in large part, to the fact that the Ukrainian president refused to sign a draft agreement on these minerals, an affront to the White House... Arriving in Kiev by train, US Treasury Secretary Scott Bessent spoke with Ukrainian President Volodymyr Zelensky on 12 February. The host came for a diktat, a short document in hand. Either his host would immediately sign a draft agreement on Ukrainian strategic minerals - in other words, rare earths - handing over more than half of them to the US, or Washington, according to Scott Bessent, would end its economic and military support to Ukraine, which had been ongoing for three years. These coveted rare earths are full of lithium for phone batteries, uranium to run nuclear power plants, graphite for electric car batteries and titanium, prized in aerospace. In addition, there are oil and gas...
This morning Alibaba CEO Eddie Wu presented profits up 239% over 2023
Alibaba in HK rises 13%
this very good result is attributed to strong performance in the cloud business and expansion on AI
the ecommerce sector showed signs of recovery in China
yesterday Walmart reported its quarterly results
for the first time Amazon had higher revenues than Walmart in a quarter
expectations show that by 2025 full-year revenues will also be higher
Amazon becomes the number one company by revenue in the US, surpassing Walmart
Walmart had held the top spot since 2012 when it overtook Exxon
