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☆ Engine No. 1 takes stake in Coca-Cola, pushes for better recycling- Semafor
▼ + stars: | 2022-10-18 | by ( Shashwat Awasthi | Byron Kaye | ) www.reuters.com time to read: +1 min

1 has taken a small stake in Coca-Cola Co (KO.N) and is pushing the soda giant to ramp up its efforts to recycle more of its cans and bottles, newly launched global news platform Semafor reported on Tuesday. The investor has suggested a partnership between Coca-Cola and garbage collection and recycling company Republic Services Inc (RSG.N), in which Engine No. 1 holds a stake, the report said, adding that Coke executives have reached out to Republic. Coca-Cola, Engine No. Register now for FREE unlimited access to Reuters.com RegisterReporting by Uday Sampath in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

The two-day "Prime Early Access Sale" shopping event for Amazon members, which starts Tuesday, is much like the Prime Day summer marketing blitz and will compete with early discounts from rival retailers. Register now for FREE unlimited access to Reuters.com RegisterWalmart Inc (WMT.N) is holding a "Rollbacks and More" sale event from Oct. 10-13 to counter Amazon's discount days, with deals on everything from Hot Wheels toys to luggage. U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015 and grow only 2.5% to $209.7 billion, according to Adobe Analytics. read moreThe early start to the holiday shopping season, however, does not come as a surprise. read more"This holiday season, retailers are resorting to blunt force promotions to coax shoppers," Spieckerman said.

Oct 10 (Reuters) - U.S. online holiday sales are expected to rise this year at their slowest pace since at least 2015, according to a report, as shoppers feel the brunt of decades-high inflation and soaring interest rates. Adobe Analytics forecast online sales in November and December to rise 2.5% to $209.7 billion, compared with an 8.6% increase a year ago, as more people also return to in-store shopping and bring forward purchases to as early as October. This is another sign of a gloomy holiday season, with FedEx Corp's (FDX.N) Ground division expecting to lower volume forecasts to reflect customers' plans to ship fewer holiday packages. Last month, Mastercard's (MA.N) SpendingPulse report also forecast a slowdown in shopping for the holidays. Black Friday online sales are expected to grow just by 1% and Thanksgiving sales are anticipated to fall 1%, the Adobe report said.

☆ Aldi's U.S. sales rise as shoppers seek cheaper groceries
▼ + stars: | 2022-09-21 | by ( Siddharth Cavale | ) www.reuters.com time to read: +2 min

REUTERS/Peter Nicholls/File PhotoSept 21 (Reuters) - Aldi's U.S. arm said on Wednesday that same-store sales in the country rose in the double digits over the last 12 months as rampant inflation pushed consumers to find cheaper deals on groceries. The German-owned discount supermarket chain's U.S. stores sales growth over the past year was driven by 1 million new customers, Scott Patton, Aldi's vice president of National Buying, told a media event. Aldi has seenan increase in middle- and high-income shoppers as well, said Patton, referring to households making $50k-100k per year as middle income. Register now for FREE unlimited access to Reuters.com RegisterDiscount stores such as Aldi and Dollar General Corp tend to perform well during economic turmoils as cash-strapped consumers seek cheaper alternatives. Dollar General lifted its annual comparable sales forecast last month, encouraged by consumers flocking to its stores for everything from groceries to household supplies.

The company can sell existing Yeezy Gap stocks until the sell-off period, the letter said. West, known as Ye, in 2020 signed a 10-year deal with Gap to create a line of clothing under the Yeezy Gap brand. 1/2 Rapper Kanye West talks on the phone before attending the Versace presentation in New York, U.S. December 2, 2018. Ties between West and Gap have been increasingly strained recently. Gap has been struggling to protect margins and pull in sales, blaming inflation and outdated styles at its Old Navy brand.

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