Browsing: company announcement

Zhang Yimei has left The Moodie Davitt Report China to embark on an exciting new journey with Avolta in Shanghai, taking on a key role that showcases her expertise in the fast-growing retail tech sector

Wendy's announced it will be shutting down approximately 300 locations across the U.S. starting in late 2025. This bold decision comes as the fast-food giant adapts to shifting market trends and accelerates its focus on cutting-edge digital innovation.

In a significant shift, Walmart is set to part ways with around 1,500 corporate employees as it embarks on a major restructuring initiative. This decision comes in response to the persistent challenges facing the retail industry, as the retail giant seeks to optimize its operations and boost overall efficiency.

Phillips 66 has unveiled an exciting new chapter by agreeing to divest its majority stake in the retail marketing business across Germany and Austria. This strategic decision is a key part of the company’s mission to refine its operations and concentrate on its core markets, paving the way for future growth and innovation.