retail news in context, analysis with attitude

Reuters reports that WPP, the British advertising company, has made a mid to acquire a majority stake in Dunnhumby, the data collection and analysis business party owned by Tesco.

The story notes that "Dunnhumby, which gathers and analyses data from almost 1 billion shoppers globally to help companies create customer loyalty and personalization programs, has been put up for sale as part of a drive by Tesco's new boss Dave Lewis to slash costs and sell assets to mend the group's finances."

The precise WPP offer was not reported, but analysts say that Dunnhumby probably is worth something like $3 billion (US).

Reuters reports that "Costco Canada's fish importing license has been suspended, the Canadian Food Inspection Agency said, after the federal food safety watchdog determined the company violated the country's Fish Inspection Regulations ... The CFIA said Costco violated rules that required written notification for each shipment of fish to an inspector either before or within 48 hours of importing the products, and regulations that stipulated imported fish cannot be moved without permission."

While no recalls have been mandated, the CFIA said that "under the penalty, the wholesale retail giant cannot import fish products into the country until the agency is satisfied the company has implemented the necessary changes."
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