A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
Asda, the British supermarket arm of Walmart that is set to be acquired by Sainsbury’s, reported a fourth straight quarter of sales growth, saying its recovery under new management was gaining momentum.
The UK retail sector was shocked at the weekend on news that two key supermarket names could merge. And if Sainsbury’s and Wal-Mart's Asda do merge, it would join up two of the most prominent fashion brands too.
More than 40 companies, including Britain’s biggest supermarkets, Coca Cola, Nestle and Procter & Gamble, have bowed to growing pressure to tackle pollution by committing to cut plastic use over the next seven years.
Sainsbury's said it would increase the base rate of pay for its staff working in stores by 15 percent this year, spending an extra 100 million pounds on a plan that will also simplify the number of job roles.