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Tag: cut

Kroger and Walgreens want to buy products together to cut supply costs

Kroger and Walgreens have been working together since 2018 on various pilot tests. Source: Kroger Kroger and Walgreens Boots Alliance are teaming up to cut costs by sourcing more merchandise together. With what they call the Retail Procurement Alliance, the chain retailers will look for overlaps in the products they are receiving so that they can …

Kroger and Walgreens want to buy products together to cut supply costsRead More

Juul to cut 650 jobs, slash $1 billion in costs

Juul will cut 650 jobs, up from the previously planned 500 jobs, as it slashes nearly $1 billion in costs next year, a company official said Tuesday. The job cuts represent 16% of Juul’s 4,051 employees. The fast-growing start-up had been hiring about 300 employees a month. Juul will cut marketing spending as the company …

Juul to cut 650 jobs, slash $1 billion in costsRead More

Tesco moves to cut out plastic from range of own-brand products | Business

Tesco is ditching plastic ready-meal trays, yoghurt pot lids, straws and loose fruit bags in the latest stage of its drive to cut out non-recyclable packaging. The UK’s biggest supermarket chain is aiming to remove 1bn pieces of plastic by the end of next year from its own-label products. The move comes after Tesco admitted …

Tesco moves to cut out plastic from range of own-brand products | BusinessRead More

Retailers cut 85,000 jobs in past year | Business

Retailers have axed 85,000 jobs in the past year as weak consumer demand, rising costs and the switch to online shopping, exacerbated by Brexit uncertainty, have put businesses under increasing pressure. The job losses in the UK’s biggest private employment sector – with particular importance for women – are the latest sign of a crisis …

Retailers cut 85,000 jobs in past year | BusinessRead More

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | Business

Call it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index, joining the manufacturing and construction industries in negative territory. In big picture terms, there are no bright spots. The official data, which measures actual economic activity as opposed to managers’ view of prospects, may yet …

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | BusinessRead More

Commerce ministry asks e-comm firms to cut single-use plastic in packaging, Retail News, ET Retail

The commerce and industry ministry has advised e-commerce companies to gradually slash single-use plastic in packaging of products being sold through their platforms, in line with the government’s commitment to reduce use of such material, an official said. The companies have also been advised by the Department for Promotion of Industry and Internal Trade (DPIIT) …

Commerce ministry asks e-comm firms to cut single-use plastic in packaging, Retail News, ET RetailRead More