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Did You Know ...? 18 April 2023

By Donna Ahern
Did You Know ...? 18 April 2023

Did you know ...? Italian bank Intesa Sanpaolo has granted Carrefour Italia a €55 million credit line linked to specific environmental, social and governance goals. These include the reduction of packaging used in Carrefour-branded products by more than 1,000 tonnes by 2025 and reducing greenhouse gas emissions by over 40%, compared to 2019. The agreement is part of the Carrefour Group’s sustainability strategy, which aims to promote a business model capable of generating economic, social and environmental value. Carrefour Italia has a key role as a link in the supply chain, connecting producers and suppliers to stores and consumers.

Did you know ...? Hundred's of people queued at Apple’s store in Mumbai on Tuesday, as fans took selfies with Tim Cook, chief executive, who inaugurated the first retail store run by the tech giant in India, underscoring the importance of its market. ‘The energy, creativity, and passion in Mumbai is incredible!’ Cook – who was making his first visit to India in seven years – wrote on Twitter. ‘We are so excited to open ... our first store in India.’ People flocked to the store from across the country, hoping to be among the first to enter, in an opening event featuring local music and folk dancers, reports Reuters.

Did you know ...? On Tuesday, British bicycle and car product retailer Halfords forecast a jump in sales and profit over the midterm, as its core markets recover and it grows market share, reports Reuters. Ahead of a Capital Markets Day presentation, Halfords, whose shares have fallen by 30% over the last year, forecast annual sales to grow to about £1.9 billion ($2.4 billion) over the midterm – from £1.6 billion in its 2022-3 year – and pre-tax profit to increase to £90-110 million from £50-60 million. ‘We expect to deliver this growth through a combination of our core markets recovering from the current very challenging conditions, growing market share by leveraging the unique platform we have built, our acquisition synergies maturing, and using scaled and rich customer and vehicle data to drive customer lifetime value,’ Halfords noted.

Read More: Did You Know ...? 4 April 2023

© 2023 Checkout – your source for the latest Irish retail news. Article by Donna Ahern. For more retail news, click here. Click subscribe to sign up for the Checkout print edition.

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