AGP Executive Report
Last update: 6 hours agoCybersecurity: Ahold Delhaize is restoring systems after a cyberattack disrupted websites and grocery distribution in the Netherlands; the group says it has found no evidence of data theft. TFG London, owner of Hobbs, Whistles and Phase Eight, also reported IT and online disruption, while stores remain open. Cost-Cutting and Uncertainty: Kroger plans to cut about 3,000 corporate jobs over three years as it seeks to lower costs and invest in frontline staff. Poundland’s future remains uncertain, with its union warning administration is a risk as takeover talks continue. Price Pressures: Philippine lawmakers are investigating why pork prices remain high despite falling prices paid to hog farmers, saying consumers are not benefiting from cheaper supply. Store Growth: Off-price retailer Ross Stores has completed its latest expansion, adding 115 locations and setting a longer-term goal of at least 3,600 stores across its two chains.
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