Australian grocery buyers have spent almost A$1bn less at Woolworths over the past year, and took the savings to Coles and Aldi, market research has found.
Budget supermarket Aldi has beaten Woolworths to become the first chain to sign up to a new self-regulating guidelines as they were made law in Australia today.
With a simple press release issued this week, Carrefour brought to a close its Indian experience by announcing the closure of its trade stores in the country.
The lightning growth of Aldi supermarkets in Australia is continuing, with the chain quadrupling its customer base over the last eight years from under 1m to 4.2m shoppers over an average four-week period.
Wal-Mart has announced plans to invest RMB500m (US$79.8m) to upgrade its Chinese stores. The statement comes in a bid to play down local media reports that the company’s growth plans were being hit by a spate of store closures.
FieldFresh Foods, which sells the Del Monte brand of packaged food and juices in India, is planning to expand beyond the urban areas in India, it recently reported.
The All-China Federation of Trade Unions said that it will continue
to press foreign companies to unionise its operations in China. The
federation highlighted ongoing disputes with several foreign-owned
companies - including Wal-Mart...
