Friday, April 12

Tag: Food Retail

Walmart India elevates Sameer Aggarwal as CEO
News

Walmart India elevates Sameer Aggarwal as CEO

Walmart India has elevated Sameer Aggarwal as its CEO and the appointment will be effective from April 1. Aggarwal succeeds Krish Iyer who is set to retire on March 31. Iyer would get into the advisory role from full-time management of Walmart India after leading the retail major for eight years. Aggarwal, who was elevated as Deputy CEO earlier in January this year, has now been promoted to Chief ExecutiveOfficer of Best Price, Walmart India, effective from April 1, Walmart said in a statement. Aggarwal will directly report to Walmart Executive Vice President and Regional CEO of Asia and Global Sourcing Dirk Van den Berghe. "Sam (Aggarwal) has done a fantastic job in the past two years. He led the charge to make our proposition more customer centric, developing digital offerin...
McDonald Flip its Golden Logo ‘M to W’ on Women’s Day
News

McDonald Flip its Golden Logo ‘M to W’ on Women’s Day

The leading food retail chain in the world McDonald flip its logo from 'M to W' in one of its outlet in California. The spokesperson of McDonald said that flipping our trademark symbol from 'M' to 'W' is showing the mark of respect for women and "celebration of women everywhere." Though many people questions on the motive behind this move because of only 3 out 10 directors of McD are women and the salary of the women employees are less compare to the men workers. Happy #InternationalWomensDay to all of the many smart and talented women that are part of the emerging technology field! I'd flip our logo upside down but clearly McDonald's has outdone us on that. pic.twitter.com/cRibzGVNVd — BTRIC (@BTRICorg) March 8, 2018 Responding to those doubts, Spokesperson said the US take...
Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants
CHINA, News, USA

Amazon’s Grocery Push Playing Catch Up With Chinese E-commerce Giants

As Amazon.com Inc looks to swallow U.S. grocery chain Whole Foods, China's tech giants are already digesting hefty bricks-and-mortar deals, taking the lead in the battle to transform supermarket shopping with big data and better supply chains. China's Alibaba Group Holding and JD.com Inc have invested heavily in offline retail - bricks-and-mortar stores - in recent years to complement their online offerings. With their ready-made payment and social media platforms to lure shoppers, Alibaba and JD.com have helped China become the world’s largest online grocery market, far ahead of the United States. This early lead, cemented by densely populated urban areas and cheap labor, could be key as retailers and tech firms race to boost margins on low-cost consumer goods by reinventing supp...
Amazon, Grofers, Big Basket May Invest $695 Million in Food Retail
News

Amazon, Grofers, Big Basket May Invest $695 Million in Food Retail

The government has received investment proposals from three companies, including Amazon and Grofers, worth USD 695 million for retail of food products in India under the new FDI policy. "Three companies Super Market Groceries Supplies (Big Basket), Grofers India and Amazon Corporate Holdings have submitted their proposals for seeking permission to make investment of USD 695 million over a period of time," an official statement said today. The government had last year allowed 100 per cent FDI for marketing, including through e-commerce, of food products manufactured and produced in India. Earlier in the day, Food Processing Minister Harsimrat Kaur Badal announced that Amazon has decided to invest about USD 500 million in e-retail of food. "We allowed 100 per cent FDI in trading ...