AGP Executive Report
Last update: 20 minutes agoRetail Jobs & Wages: Canada added 88,000 jobs in May (+0.4%), with employment rising in construction, transport/warehousing and accommodation/food services, while wholesale and retail trade slipped; unemployment fell to 6.6% and hourly wages rose 3% to C$37.24. Fresh-Foods Leadership: The Food Industry Association named David Haaf VP for fresh foods, tapping decades of retail and foodservice experience to push its “Future of Fresh Foods” agenda. UK High Street Bounce: BDO’s tracker shows UK discretionary like-for-like sales up 3.4% in May, led by online (+9.3%) and supported by warm weather and bank holidays, though sustainability is still questioned. Charity Retail Shake-Up: Britain’s British Heart Foundation plans to close 150 charity shops over two years as costs rise, including 90 by March next year. Grocery Price Watch: Onion prices at Vashi APMC in Navi Mumbai dropped on heavier Maharashtra arrivals, but retail still holds at ₹30–35/kg. Walmart + Fast Food Delivery: Walmart expands express delivery to Subway orders at select stores, rolling out to about 1,400 locations by summer’s end. Luxury Retail Restructuring: Saks Global won court approval to exit Chapter 11 with a smaller footprint of 49 luxury stores and reduced debt. Crypto & Consumer Mood: Bitcoin slid below $60,000, while retail-facing crypto chatter stays volatile as investors rotate away from risk. Local Retail Real Estate: Henrico County released a draft master plan for the former Best Products site and Brook Road corridor, aiming for mixed-use, walkable redevelopment.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.