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Tag: prices

Study: Lidl has big impact on grocery prices

Lidl is putting the heat on the competition. The German discount grocer’s recent entry into the Long Island market pressured rivals to cut their prices by up to 15%, according to a new study by the University of North Carolina Kenan-Flagler Business School. Based on data collected immediately before the COVID-19 pandemic caused supply shortages, …

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Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer prices

Amazon to open second Go store in Seattle Amazon announced the location of its second Go store Seattle. The cashierless convenience store will also be in the city’s hometown, but the new location will be in the business district, on the corner of Fifth Avenue and Marion Street. (The Seattle Times) Tariffs against China to …

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer pricesRead More

Albertsons prices IPO | Chain Store Age

Albertsons Cos. is proceeding with its plans to go public. The supermarket giant, whose banners include Safeway, Vons, Acme, its namesake brand and others, announced an initial public offering of 65.8 million shares, at an anticipated price of  $18 to $20 per share.  At the midpoint of the proposed range, Albertsons would command a market value …

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Food prices decelerate India’s March retail inflation to 5.91 pc

Drop in food prices decelerated the rise in India’s retail inflation during March to 5.91 percent from February’s 6.58 percent. However, the consumer price index (CPI), or retail inflation, was at 2.86 percent in the corresponding month of last year. The data furnished by the National Statistical Office showed that even though the consumer food …

Food prices decelerate India’s March retail inflation to 5.91 pcRead More

Ninjacart supplies fruits and vegetables at subsidized prices to orphanages, old-age homes and slum areas

In the wake of the COVID -19 pandemic and the shortage of food essentials such as fruits and vegetables, Ninjacart – India’s largest fresh food supply chain company, announced the provision of essential food items to orphanages, old-age homes and slum areas at subsidized rates, which will be much lesser than the on-going market rates. …

Ninjacart supplies fruits and vegetables at subsidized prices to orphanages, old-age homes and slum areasRead More

Morrisons cuts prices on hundreds of items in supermarket battle | Business

Morrisons has cut the price of more than 500 everyday groceries including beef mince, coffee and biscuits as it battles to climb out of a sales slump. Industry data shows Morrisons is the worst-performing member of the big four supermarkets amid an exodus to the fast-growing discounters Aldi and Lidl. Shares in Yorkshire-based Morrisons have …

Morrisons cuts prices on hundreds of items in supermarket battle | BusinessRead More

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer prices

Amazon to open second Go store in Seattle Amazon announced the location of its second Go store Seattle. The cashierless convenience store will also be in the city’s hometown, but the new location will be in the business district, on the corner of Fifth Avenue and Marion Street. (The Seattle Times) Tariffs against China to …

Retail Roundup—Whole Foods joins Prime Day; Tariffs hike consumer pricesRead More

Impossible Foods slashes wholesale prices by 15%

A sandwich made with plant-based pork product is served at the Impossible Foods Inc. booth during CES 2020 in Las Vegas, Nevada, U.S., on Tuesday, Jan. 7, 2020. Bridget Bennett | Bloomberg | Getty Images Impossible Foods is slashing wholesale prices on its products by 15% on average. The maker of the meatless Impossible Burger …

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Casper reportedly prices IPO at $12 a share

Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York. Yana Paskova | The Washington Post | Getty Images Casper on Wednesday evening priced its initial public offering at $12 per share. At this price, the company would have a market value of $476 million, excluding the …

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Retailers slash prices in hope of bumper Super Saturday | Business

Retailers have slashed prices further as they pin their hopes on a bumper trading day as shoppers head out for one of the biggest spending days before Christmas. Topshop and Miss Selfridge have increased their discounts to up to 60%, from 40% and 50% respectively earlier in the week. Jigsaw, Peacocks and House of Fraser …

Retailers slash prices in hope of bumper Super Saturday | BusinessRead More