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Costco Shareholders Vote Against Proposal For Report On Diversity Programmes
Costco Wholesale shareholders voted against a proposal requesting a report on the risks of maintaining its diversity and inclusion initiatives, the company said, against the backdrop of intense scrutiny of such policies. The vote was seen as an early test of investor views about the value of corporate diversity, equity and inclusion (DEI) programmes, which many companies added or beefed up starting in 2020 amid the Black Lives Matter movement.
Factors That Shaped UK Retail Sales Performance During The 'Golden Quarter'
British retail sales declined 0.3% month-on-month in December, according to the latest data from ONS, indicating weak consumer confidence. Store sales volumes in the non-food category rose by 1.1%, while food fell by 1.9%. Danni Hewson, head of financial analysis at AJ Bell, commented, “Some of our biggest supermarkets have reported record Christmas trading figures but official numbers from the ONS show a significant fall in food sales during December.
Keurig Dr Pepper Reshuffles Management To Support Growth Strategy
Beverage maker Keurig Dr Pepper (KDP) has rejigged its leadership structure to support its next phase of growth. The company announced several appointments as part of a restructuring of its executive leadership team. Eric Gorli (pictured) has been named the president of US Refreshment Beverages, responsible for KDP's $9-billion liquid refreshment business, which includes carbonated soft drinks, still beverages, and energy portfolios in the US.
Sodexo's Q1 Revenue Rises, Though Weak European Volumes Hold Back Growth
French food caterer Sodexo has reported a nearly 5% rise in its first-quarter organic revenue, missing market expectations, as robust growth in India, Brazil and Australia was offset by decreased activity in Continental Europe. Consolidated revenue was €6.4 billion in the three months through November, compared with the €6.5 billion expected by analysts in a company-provided consensus and €6.3 billion a year earlier.
Black Friday Spending Lifted UK Retail Sales At End Of 2024
Black Friday spending helped lift UK retail sales in late 2024 but overall sales in the final quarter of last year proved disappointing, the British Retail Consortium said. Total retail spending rose 3.2% year-on-year in the four weeks to December 28 after a 3.3% drop the month before. Last month's rise was the biggest since March, but Black Friday fell in the BRC's December period in 2024 and in November in 2023, distorting year-on-year comparisons.
Switzerland's Coop Saw Sales Grow 1.1% Last Year
Swiss retailer Coop has reported total sales of CHF 34.9 billion (€36.99 billion) for 2024, a 1.1% increase on the previous year. The group said that its supermarket business, including Coop.ch, grew by 2.0%, reporting net sales of CHF 12.1 billion (€12.83 billion), while also gaining market share. Coop reported strong sales for its Prix Garantie private-label brand, it noted, as well as its sustainable products range, while it also reduced the price of more than 2,400 SKUs last year.
Italians Shift Consumption Focus Towards Food and Home Cooking
The Coop 2025 Report – Winter Edition, prepared by Ancc Coop and Nomisma, indicates a shift in consumption focus toward food and health, despite the slowdown of the Italian economy. A slight majority of Italians predict an increase in overall spending in 2025, mainly on utilities (26%), healthcare (24%), and groceries (21%), while spending intentions are likely to be lower for dining out, travel, and entertainment.
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