AGP Executive Report
Last update: an hour agoRetail Shift: U.S. online grocery reached a record 20.9% of grocery spending in the third quarter, up 20.7% year over year, with delivery driving most of the growth as in-store sales declined. Workforce Changes: Kroger plans to cut 3,000 corporate jobs—about 37% of its head-office workforce—over three years, citing organizational complexity and technology changes. Digital Finance: Japan’s three largest banks completed a yen stablecoin trial for cross-border corporate payments, testing transfers and compliance; no commercial launch has been announced. Trade: India and Canada signed commercial agreements and are targeting a broader trade pact by year-end, while a U.S.-Mexico tariff deal faces uncertainty amid opposition to major tariff cuts. Real Estate Finance: Apollo Commercial Real Estate Finance expects to delist on Nov. 6 and transfer remaining assets and liabilities to a trust as it winds down.
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