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Kroger Sharpens Ecommerce Focus with New Business Unit

Retail TouchPoints

The unit will be led by Yael Cosset, currently the supermarket retailers CIO, in his new position as EVP and Chief Digital Officer. In December 2024 a long-planned merger with Albertsons was cancelled, and long-time Kroger CEO Rodney McMullen resigned earlier this month following an investigation into his personal conduct.

Finance 179
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Retail Supply Chains and Commodity Risk: How Trading Brokers Are Becoming Strategic Partners

Retail Focus

Supermarket shelves look calm, yet the prices behind every carton of milk or bag of rice can shift overnight. If the past few years have taught purchasing teams anything, it is this: price risk is no longer a distant finance issue. It sits at the heart of operational planning. Good brokers take these nuances into account.

Finance 130
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Hy-Vee RMN Deploys Carrot Ads Solution; Instacart Extends Ad Placements to Smart Carts

Retail TouchPoints

The 570 -store Midwestern supermarket retailer Hy-Vee will expand its partnership with Instacart by adopting the platforms Carrot Ads solution. This new integration will give Hy-Vee RedMedia access both to Instacarts ad technology and its CPG advertising ecosystem, which delivers advertiser demand from more than 7,000 brands.

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Asda owner posts near £600m loss as sales slip and costs rise

Retail Gazette

Asda’s parent company slumped to a near £600m pre-tax loss last year as the supermarket group faced falling sales, heavy debt servicing costs and ongoing challenges migrating IT systems from former owner Walmart. The supermarket ’s £378m writedown on store values also weighed heavily on profits. already paid last year.

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Digital payments may be rising, but survey shows most consumers back cash

Inside Retail

An additional 14 per cent want essential services such as supermarkets and pharmacies to continue offering the option. Cash remains the most reliable payment method when the internet is down, the power is out, or theres a tech glitch, its often the only way to pay, said Moneys finance expert, Sean Callery.

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11 retailers that went bust in 2024 – from Homebase to The Body Shop

Retail Gazette

The Mike Ashley-controlled retail empire said the fashion business had “consistently missed its business plan targets and, notwithstanding support from the group, has continued to make material losses”. It then began discussions with several parties, including Apollo and shareholder Richemont, about securing new financing.

Shopping 124
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What does Poundland’s £1 sale mean for the future of discount retail?

Retail Gazette

The US investment firm, which paid a “nominal sum” for the retailer, has pledged to inject up to £80m to fund its proposed turnaround plan led by returning Poundland boss Barry Williams. Williams’ plan is being funded by former Laura Ashley owner Gordon Brothers.