Did you know ...? Walmart Inc forecast full-year earnings below estimates, saying it was cautious about the economic outlook for 2023 and that consumers were likely to continue shopping for lower-priced items that could pressure its margins. Shares of the world's largest retailer fell 2.6% to $142.50 in premarket trading. The retailer, which operates more than 5,000 stores in the United States, has been using its market power to negotiate better prices from its suppliers and ward off competition from rivals such as Target Corp, whose shelves are relatively pricier.
Did you know ...? Coop Switzerland has reported a turnover of CHF 34.2 billion (€34.6 billion) for its 2022 financial year, an increase of 7.3% on the previous year, reports ESMMagazine.com. The Swiss retailer claims cost increases of around CHF 250 million (€253 million) were absorbed by the group during the period, and were not passed on to customers.
Did you know ...? Ireland’s largest foodservice and hospitality event, CATEX, which opened its doors on Tuesday 21 February at the RDS Simmonscourt, finishes today (23 February). With more and more businesses in the sectors taking steps to decrease their carbon footprint, the theme of sustainability was high on the agenda.
© 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.