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Weekly Roundup.... 10 December, 2019

Published on Dec 10 2019 10:15 AM

Weekly Roundup.... 10 December, 2019

The final cheque presentation on behalf of all Spar Retailers was made to Cystic Fibrosis at the recent NCSR meeting. Over the two years of Cystic Fibrosis being our nominated charity partner, Spar raised more than €732,000 for the charity, surpassing our original target by nearly half a million euro. Over the duration of the partnership, a combination of activities contributed to this success, including in-store collection boxes, SPAR Twitter Tree, 65 Roses Day, Malin to Mizen Cycle, Head2Head Walk and donations from the sales of selected SPAR Range products. These donations have supported the vital work of the charity and Spar was recently recognised at the 2019 Cystic Fibrosis Ireland National Awards for the major contribution made to their ongoing work. 'We would like to thank all Spar Retailers and your staff for your incredible support of Cystic Fibrosis Ireland over the past two years,' the company said. .

Walmart Inc for the first time on Wednesday, last week, revealed the breadth of customer information it collects as it came out in favour of consumers having 'reasonable controls' with regard to collection, use and sharing of personal data, reports Reuters. The world's largest retailer said shoppers should have an opportunity to "reasonably access, correct or delete their data while limiting the sale of their data to third parties and its use in digital advertising," as it testified at a hearing by the US Senate committee on commerce, science and transportation.

Brazilian food processor Marfrig Global Foods SA is to launch a global brand of plant-based meat products on Monday (9 December), according to a statement sent to Reuters. A gourmet hamburger, to be served in Brazilian restaurants, will be the first product rolled out under the brand Revolution, the statement said. Next year, the veggie burgers will be exported and sold in local supermarkets, the company said.

China's consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist, report Reuters. Beijing is under pressure to unleash more stimulus to boost industrial activity, but high inflation ahead of the Lunar New Year may be a headache for policymakers trying to shore up growth that has slipped to the lowest in nearly 30 years.

UK-based packaging group DS Smith Plc reported a 15% jump in first-half operating profit on Thursday, bolstered by growing demand from online retailers and cost savings from its acquisition of Spanish rival Europac last year. The company, whose packaging products are used by companies including online giant Amazon, said adjusted operating profit for the six months ended Oct. 31 was £351 million (€416.1 million), up 15% on a reported basis, reports Reuters.Its Europe division posted 'good organic profit growth', the company said.

© 2019 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. Click subscribe to sign up for the Checkout print edition. 

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