Cost-Cutting

Waitrose Parent John Lewis Scraps Staff Bonus As Losses Widen

Britain's John Lewis Partnership warned it would have to cut staff numbers and scrap any bonus this year after its customers cut back on the amou...

Caterer Compass Expects 2023 Profit Growth To Top 20%

Contract caterer Compass Group expects profit growth to be more than 20% in 2023 and margins to be above 6.5%, after reporting a surge in financial year 20...

Target Posts Decline In Profit, Warns Of Grim Holiday Season Sales

Target Corp forecast a surprise drop in holiday-quarter sales, blaming surging inflation and "dramatic changes" in consumer spending for a drop i...

Juul To Cut $1bn In Costs As New CEO Aims For Reboot

Juul Labs Inc will cut nearly $1 billion in costs next year, a company official said on Tuesday, as its new chief executive officer tries to turn around th...

UK's Sainsbury's Lays Out New Plan As Trading Improves

British supermarket group Sainsbury's detailed a new plan to cut costs, speed up debt reduction and shake up its store estate and financial services divisi...

Premier Foods To Conduct Review Of Operations

Mr Kipling cakes maker Premier Foods Plc said on Wednesday it would review options to boost shareholder value following talks with its top investors. Th...

Activist Fund Elliott Set To Shake Up Drinks Giant Pernod

Elliott Management has taken a stake in Pernod Ricard and wants the family-backed French drinks company to try to improve its performance vi...

Cost-Cutting Initiatives To Continue Driving FMCG Profits: Moody's

Cost-cutting initiatives will continue to be the primary driver of profit growth in the consumer packaged-goods sector, according to a new outlook report f...

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Mondelez Reveals Cost-Reduction Progress

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