Asda the worst online supermarket and Iceland the best
Aldi cuts prices while saying it can't be beaten
French retail group Casino has not sold its Vietnam operations to Thai tycoon Charoen Sirivadhananbhakdi's TCC Group as rumored, Tuoi Tre newspaper quoted unnamed inside sources as saying. The report said Casino is still looking for a buyer. (thanhniennews.com)
UK: Aldi to cut prices
In a move that is believed to aggravate the on going supermarket price rivalry, the German discounter chain Aldi has decided to cut the prices of its sixty products, internationalsupermarketnews.com reports. Matthew Barnes, CEO at Aldi, said: "I wanted to set the record straight that we will never be beaten on price — that is cast in stone.".
Aldi ad campaign labelled 'misleading and disingenuous'
Aldi’s latest promotional campaign has been called misleading and disingenuous after the supermarket claimed that it was more than 30% cheaper than its nearest rivals and launched ads targeting Morrisons. Aldi compared private label goods with branded products. (theguardian.com)
Woman sues Albertsons for $8.3 million over torn plastic bag
A southern Oregon woman is suing Albertsons for almost $8.3 million, saying a bottle of wine she had bought crashed onto her right foot and ankle after its plastic shopping bag tore. (observerstar.com)
Asda the worst online supermarket and Iceland the best
Budget frozen food titan Iceland has been named the best online supermarket chain in UK by the consumer watchdog Which?. In a poll conducted by Which? Iceland came better than bigger rivals Waitrose and Ocado by a fair margin. Interestingly Asda, the Walmart owned supermarket giant was placed in the bottom of the list with a mean 65 points. Others among the big four, Tesco, Sainsbury’s and Morrisons performed slightly better. (internationalsupermarketnews.com)
Amazon to buy back its shares worth 5 billion
Amazon has announced its decision to buy back its shares worth 5 billion. This would be the first instance where the company will be buying back the shares in six years. (internationalsupermarketnews.com)
Russian X5 Retail Group to expand
The Russian X5 Retail Group plans to open about 50 new stores in Komi by the end of the year, propertyxpress.com reports.
Publix prepared to take on new states while defending its home turf
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