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Weekly Round-Up ... 11 April 2023

By Donna Ahern
Weekly Round-Up ... 11 April 2023

Maxima Latvija has reported a 6.5% year-on-year increase in turnover to €974.6 million in its financial year 2022. The retailer described this growth as 'moderate' as it focused on ensuring low prices for food and essential items to reduce the overall impact of inflation on consumers, reports It also invested in its store transformation project, which saw the rollout of the 'My Shop' concept, which seeks to provide convenience for customers and employees, in approximately 88 stores across Latvia during the financial year. In 2022, the total investment in these initiatives as well as employee welfare and growth exceeded €24.5 million.

US retailer Walmart plans to have its own network of electric vehicle charging stations for public use by 2030, to tap into growing adoption of EVs in the United States. The new fast charging stations will be placed at thousands of Walmart and Sam's Club stores, alongside nearly 1,300 it already operates as part of a deal with Electrify America, one of the country's largest open public EV networks. Walmart's more than 5,000 stores and Sam's Club warehouses are located within 10 miles of about 90% of Americans. "We have the ability to address range and charging anxiety in a way that no one else can in this country," Vishal Kapadia, Walmart's recently-appointed senior vice president of Energy Transformation told Reuters, adding that the new stations will also address issues around reliability and cost.

Actor and singer Jennifer Lopez has launched the House Of Delola LLC brand, which will offer spirit-based, crafted cocktails that company says are made with natural botanicals, reports Delola says the cocktails are gluten free, are lower in calories than traditional counterparts and are served in glass bottles designed for easy sharing. The first release, 'Delola Spritz' is available in three variants – Bella Berry Spritz, Paloma Rosa Spritz, and L'Orange Spritz. Delola will be available in 750ml and 375ml embossed glass bottles and will be sold in select grocery and spirits establishments, restaurants, and bars in the US beginning in April, with a continued roll out throughout spring.

Read More: Weekly Round-Up ... 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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