BRND Me Expands Into Europe, Eyes Scaling International Haircare & Aromatherapy Biz
The company has entered the United Kingdom, Germany, France and Spain and will expand into Italy, the Netherlands and Poland over the next one year
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Price Hikes Hit Mondelez: Sales Up, Volumes Down As Consumers Cut Back
- by BW Retail World Bureau
- February 2, 2024
Mondelez International reported increased fourth-quarter sales, but higher prices impacted volumes, leading to a more than 2 per cent drop in its shares. While price hikes boosted profit margins until fiscal 2023, softer demand is now observed as budget-conscious consumers cut back spending. In North America, Mondelez experienced a 5.5 percentage point volume decline in […]
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Indian Coffee Exports Dip in 2023, But Value Hits Record High
- by BW Retail World Bureau
- January 25, 2024
India’s coffee exports declined in 2023, falling 5.4 per cent to 3.77 lakh tonne compared to 2022, data from the Coffee Board of India revealed. This dip was primarily driven by a 15 per cent decrease in Robusta shipments, which fell to 1.87 lakh tonne. However, Arabica coffee shipments bucked the trend, registering a 5.79 […]
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Global Inflation Forecast Drops To 4.8% In 2024, Down From 9.2% In 2022
- by BW Retail World Bureau
- January 17, 2024
Global inflation continued to ease, giving hints of loosening of central bank interest rates in 2024. The global headline rates of inflation are projected to reach 4.8 per cent, a sharp decline from 5.9 per cent in 2023 and 9.2 per cent in 2022, chief economists at the World Economic Forum said in a report. […]
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Apple’s Vision Pro Leads Charge, XR Headset Shipments Surge 3.9 Mn In 2024
- by BW Retail World Bureau
- January 10, 2024
The Extended Reality (XR) headset market is poised for a substantial boost in 2024, with a projected record increase of 3.9 million units, marking a remarkable double-digit year-over-year growth. Industry experts predict that Apple’s highly-anticipated Vision Pro, scheduled to go on sale in the US on 2 February, will play a pivotal role in driving […]
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Indian Coffee Exports Hit Record High In 2023 Despite Volume Drop
- by BW Retail World Bureau
- January 10, 2024
India’s coffee exports reached a new peak in value during the calendar year 2023, driven by higher global prices despite a 5.5 per cent decline in volumes due to reduced offtake by key buyers in Europe and Russia. The exports surged by 4.50 per cent to achieve a record USD 1.16 billion in 2023, compared […]
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Carrefour Slashes PepsiCo From Shelves Over Price Hikes
- by BW Retail World Bureau
- January 6, 2024
Carrefour, a global supermarket chain with a significant presence in more than 30 countries, has decided to stop selling several PepsiCo products in France, Italy, Spain and Belgium. According to a report by Mauro Orru and Jennifer Maloney, published in The Wall Street Journal, the move comes as a protest against what Carrefour deems as […]
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Roastery Coffee House Brews Up Finnish Expansion
- by BW Retail World Bureau
- December 29, 2023
Roastery Coffee House is expanding its legacy to Finland. The expansion plans are already in motion and began with a stellar 3-day coffee pop-up event in Helsinki on the 15,16 and 17 of December 2023, held at ISO Roobertinkatu 30. Nishant Sinha, Founder of Roastery Coffee House commented, “This is more than just coffee; it’s […]
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Oil Prices Rally On Bullish Forecast And Weaker Dollar, Set For First Weekly Gain In Two Months
- by BW Retail World Bureau
- December 15, 2023
In early Asian trade on Friday, oil prices surged, poised to achieve their first weekly gain in two months, fueled by a positive outlook on oil demand from the International Energy Agency (IEA) for the coming year and a decline in the value of the dollar. According to Reuters, Brent futures experienced a 9-cent increase, […]
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Zara Expands Second-Hand Clothing Service To 15 European Countries
- by BW Retail World Bureau
- December 7, 2023
Zara, the Spanish fashion retailer on Tuesday said that it is scaling to sell, repair pr donate second-hand clothes in some European countries from 12 December as the market for used clothes is growing. The ‘Pre-Owned’ service is currently accessible in the United Kingdom and France via Zara’s physical stores, its online platform, and a […]