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Walmart Plans $1.5 Billion Investment in Mexico and Central America for 2023

Retail TouchPoints

Walmex , Walmart ’s Mexico and Central America business, is planning to spend nearly $1.5 The investment, which is up 27% from the amount spent in 2022, will primarily be used to remodel and maintain existing stores while opening new locations, along with improvements to supply chain and technology. billion in the region in 2023.

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Good. Different? Aldi follows rivals on self-service and e-commerce

Inside Retail

Thirteen years after Woolworths introduced self-service checkouts to Australian supermarket shoppers, discount grocer Aldi has bowed to the demand for quick and convenient self-serve transactions at its stores. I suspect they’ll progress that across their fleet of stores in the coming years,” Mortimer said.

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Reject Shop brushes off wage theft class action as ‘immaterial’

Inside Retail

Discount retailer The Reject Shop is facing a class action lawsuit for “purported underpayments” to staff, launched by specialist law firm Adero Law Between February 2016 and April 2021, seven former employees of the discount retailer allege underpayment during their employment with the company.

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How to Prepare for a Recession

Small Biz Trends

If your business is carrying any high-interest-rate debt, you should start focusing on debt payments, when a recession hits the Federal Reserve has the option to raise interest rates. Have a Financial Plan. Having a well-thought-through financial plan can help in challenging times. Cut Out Unnecessary Costs.

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Best of 2024: Will Aldi leapfrog Asda as the UK’s third biggest supermarket?

Retail Gazette

The discounter attributed its steep growth to its 16% surge in sales to 17.9bn and improved efficiencies across its stores and central operations. Around 18% of Asda’s sales came from its ecommerce operations, which include online delivery, collection, and delivery via Just Eat, Deliveroo and Uber Eats.

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Consumer Card Spending Grows at Slower Rate in May as Brits Curb Discretionary Purchases

365 Retail

A quarter (26 percent) of shoppers stated that they are reducing their purchases of new summer outfits due to the rising cost of living, and over a third (35 percent) plan to reuse their old summer clothes to save money. In contrast, discount stores enjoyed a growth of 5.0 percent) as well as on entertainment (7.3