Did you know?... Tesco Bank, the financial services arm of retailer Tesco, has confirmed the sale of its mortgage portfolio to Lloyds Banking Group for a cash consideration of around £3.8 billion (€4.16 billion). The sale follows the May 2019 decision by Tesco to stop new mortgage lending and "explore [its] options" regarding the sale of its mortgage book, according to Gerry Mallon, Tesco Bank chief executive.
Did you know?... Seafood giant Thai Union Group has launched ready-to-eat 'Tuna Infusions' in Thailand in two variants – Thai Chilli and Sun-Dried Tomato. The product is available in 7-11 convenience stores, Tops Supermarket and WE Fitness outlets across the country, the company said. It is packaged in a recyclable transparent cup with a built-in fork and each portion contains 20 grams of protein.
Did you know?... Coop Sweden has announced that it has launched a same-day grocery delivery service for online purchases in Greater Stockholm. The retailer has collaborated with logistics company Widrikssons Åkeri for the service. CEO of Widrikssons, Johan Nyblom, said, "Same-day deliveries require smart logistics, the right vehicles and personnel, and close cooperation between us as a carrier and the dealer.
Did you know?... US consumer spending increased solidly in July as households bought a range of goods and services, which could further allay financial market fears of a recession, but the pace of growth in consumption is unlikely to be sustained amid tepid income gains. The Commerce Department said on Friday consumer spending, which accounts for more than two-thirds of US economic activity, rose 0.6% in July after an unrevised 0.3% gain in June. Economists polled by Reuters had forecast consumer spending advancing 0.5% in July.
Did you know?... Aldi Suisse plans to launch introduce the Nutri-Score labelling system for nutritional value on its private label products, commencing in 2020. The discounter will initially roll out the system on convenience products, such as sandwiches, ready-to-eat salads and pre-cooked pasta or meat dishes. After the end of the trial phase, the Nutri-Score may be extended to other product groups, the discounter said. The decision to adopt the labelling standard fits within Aldi Suisse's commitment framework to offer consumers healthier options, as well as the 'Oggi per Domani' (Today for Tomorrow) sustainability initiative.
Did you know?... UK retailer Asda has announced that it is testing an in-store charity clothing shop, Re-Loved, in its Milton Keynes store to encourage customers to reuse, repurpose or recycle their unwanted clothes. Every year, around £140 million (€153.5 million) worth of clothes end up in landfills in the UK, data from the sustainability campaign group WRAP suggests. The clothes collection in the pop-up shop comprises donated, second-hand garments from various brands, Asda said. The pilot project, which commenced on 2 September, is scheduled to run for four weeks.
© 2019 Checkout – your source for the latest Irish retail news. Article by Aidan O’Sullivan. Click sign-up to subscribe to Checkout.
