Danish market leader Salling Group has announced it has taken the decision to close its hard discount format, BASALT, after testing the concept. Response to economic pressures In October 2022, Salling Group launched the BASALT format as a direct response to the economic pressures facing shoppers in Denmark. It fast tracked the concept, bringing it to market in just a few weeks. This was pos...

Our global analysts share some of the latest headlines across the globe. Here's what you need to know. Europe: Salling Group have ended its Basalt format, after trailing the hard discount concept the retailer has decided to not continue  In the Netherlands, Albert Heijn’s home delivery and store supply services in the centre of Rotterdam are powered by 100% electric energy. W...

Loblaw has appointed Mr. Per Bank as president and chief executive officer, joining the company by Q1 2024. He takes over from Galen Weston, who will remain as chair of the board of directors and CEO of Loblaw’s parent company, George Weston Limited. In this role he will focus on vision setting, strategy and capital allocation.  Experienced retail leader Mr. Bank is a 30-year career retaile...