US: Sears Holdings, parent of the Sears and Kmart chains, has launched a grocery home delivery trial in New York City and the Hamptons area of Long Island. The service, which delivers from Kmart stores, is an extension of MyGofer.com, a site that allows Sears and Kmart customers to order items online and pick them up at store.
US: Walmart has tightened its links with the financial services company that handles its pre-paid MoneyCard business. It has taken a minority stake in Green Dot, a US financial business looking to move into banking. Walmart claims billions of dollars have been paid into its MoneyCards, which can be used to make purchases at the retailer's stores.
RUSSIA: Russian food retailers are slashing prices across basic products as the government increases pressure to curb the cost of basic foodstuffs. X5-owned chain Perekryostok has cut prices by 20% on a range of 3,500 products, including meat and fish, dairy, veg, groceries and babyfood.
Last month the government published a list of 24 "socially important products", including meat, fish, eggs, rice and bread, which are liable to a price cap if they rise by 30%.
AUSTRALIA: Consumers in Australia have reined in discretionary spending amid concern about global economic uncertainty and the forthcoming federal election, according to Woolworths chief executive Michael Luscombe.
He told a retail forum organised by the Australian National Retail Association that shoppers had become more value-conscious and that they were concerned "the world had not got out of the financial mess caused by Europe's sovereign debt issues".
BRAZIL: Food and drink consumption in Brazil is expected to outpace the country's overall economic growth rate, according to the latest Brazil Food & Drink Report from Business Monitor International. Food consumption has increased 9%, and is forecast to increase by 46% over the next four years. Carrefour, Walmart and Coca-Cola have all announced record investment plans in Brazil over the past few months.
US: Walmart has tightened its links with the financial services company that handles its pre-paid MoneyCard business. It has taken a minority stake in Green Dot, a US financial business looking to move into banking. Walmart claims billions of dollars have been paid into its MoneyCards, which can be used to make purchases at the retailer's stores.
RUSSIA: Russian food retailers are slashing prices across basic products as the government increases pressure to curb the cost of basic foodstuffs. X5-owned chain Perekryostok has cut prices by 20% on a range of 3,500 products, including meat and fish, dairy, veg, groceries and babyfood.
Last month the government published a list of 24 "socially important products", including meat, fish, eggs, rice and bread, which are liable to a price cap if they rise by 30%.
AUSTRALIA: Consumers in Australia have reined in discretionary spending amid concern about global economic uncertainty and the forthcoming federal election, according to Woolworths chief executive Michael Luscombe.
He told a retail forum organised by the Australian National Retail Association that shoppers had become more value-conscious and that they were concerned "the world had not got out of the financial mess caused by Europe's sovereign debt issues".
BRAZIL: Food and drink consumption in Brazil is expected to outpace the country's overall economic growth rate, according to the latest Brazil Food & Drink Report from Business Monitor International. Food consumption has increased 9%, and is forecast to increase by 46% over the next four years. Carrefour, Walmart and Coca-Cola have all announced record investment plans in Brazil over the past few months.
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