December 14 – Auchan Declares No Discussions about Tie-Up with Carrefour Previously reported discussions between France’s Auchan and Carrefour to tie-up the two retailers are now reported to be over, with Auchan declaring that there is no contact between the two families that control Auchan (AUCH.UL) and Carrefour (CARR.PA). From Reuters December 14 – UK’s Marks &…
CONTINUE READINGArchives for December 2021
U.S. Retail Intelligence – November
November 29 – Walmart CFO to Step Down in January 2023; Company Starts Search for Successor The retail giant announced that executive VP and CFO Brett Biggs will step down on January 31, 2023, after 22 years with the retailer. From: Chain Store Age November 26 – Giant Food to Open a New Store in Manassas, Va. The nearly 60,000-square-foot store at 10864 Sudley Manor Dr.…
CONTINUE READINGRates Expected to Remain at Inflated Levels in 2022
It is conceivable that spot ocean rates will slowly decline through December 31, 2021. While this is welcome news for shippers, the decline is likely to be short lived. In order to sustain reduction in rates, there needs to be major changes in the Asia to U.S. market. The recent reduction in rates is being attributed to temporary production issues in Asia. Blackouts due to…
CONTINUE READING