Retailers
Jewelry with Nazi links set to fetch $150 mln at auction
Christie's auction house will next week launch the sale of hundreds of jewels that belonged to Austrian billionaire Heidi Horten, whose German businessman husband made his fortune under the Nazis.
Amazon’s Whole Foods to cut hundreds of corporate roles
Amazon-owned Whole Foods says it is cutting several hundred jobs as part of a process to simplify the grocery chain's operations.
The company plans to make changes to some regional and global support teams over the next two months, according to a memo sent to employees by the Whole Foods executive team.
Jump in the Prices of Staple Foods in the UK by up to 80 percent
In the UK, the price of staples such as cheddar cheese, white bread and pork sausages has jumped by up to 80% in some shops over the past year, further evidence of how inflation hits the lowest incomes hardest.
Oatmeal topped the list for average price increases in the "Which?" consumer basket of staples, followed by skimmed milk and cheddar cheese.
Bulgarian Easter Breads are widely Sold in British Shops
Many British grocery stores are selling Bulgarian Easter Breads (kozunatsi), reported the travel site TravelNews. The online publication has found the traditional dessert at various outlets in Cambridge, Haverhill and London.
Jumbo says sales rose 40% in January and February
Jumbo Group on Wednesday said its turnover grew by 14.12% in 2022 compared with the previous year, totaling 949 million euros, and reported a 40% jump in sales in the first two months of 2023.
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Multinationals come and go
They came, they saw, they left: Several multinational retail and catering chains started operating in the Greek market and eventually left despite the fact that they are successfully in the rest of the world.
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Walmart lifts wages at US stores again
Walmart announced on Jan. 24 it will again raise pay for hourly staff, an indication of persistent tightness in the labor market for front-line employees despite layoffs in the tech sector.
The retail giant, the biggest private employer in the United States, is boosting the pay range at U.S. stores to between $14 and $19 an hour from the prior $12 to $18 an hour.
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First credits on market pass cards by March 3
Successful applicants to the government's platform to support households in buying groceries will see the first credits arrive on their so-called "market pass" cards by March 3, government spokesman Giannis Oikonomou has said.
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Cypriot fund to buy local Starbucks
ECM Partners, a Cypriot-owned investment fund, is putting the finishing touches to a deal to acquire Starbucks in Greece and Cyprus.
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Turkey presses strained retailers for price freezes ahead of elections
Turkey's unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period.
Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead of usual March after grocers had done the same.