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Cash Vs. Card: What Is the Best Option for Protecting Your Money?
Date: November 11, 2022
By Jairo Riveros, chief strategy officer and managing director of the U.S. and Latin America at Paysend We’ve all heard about credit card fraud which can happen both physically and virtually, but using cash also carries risk. Either way, using cash or a credit card can leave you vulnerable, but what if one could be...
Analysis-Europe’s Retailers Brace for Cutback Christmas
Date: November 11, 2022
By James Davey and Rachel More LONDON/BERLIN (Reuters) – European retailers fear this Christmas could be the worst in at least a decade as shoppers cut spending while the costs of doing business show no sign of abating, squeezing profit margins. Despite enduring two Christmases under social restrictions linked to the COVID-19 pandemic, households are...
Europe’s Retailers Strive to Keep Prices Low to Win Struggling Shoppers
Date: November 9, 2022
By Richa Naidu LONDON (Reuters) – Some European retailers this week forecast or reported better full-year sales after working to keep prices low to attract cash-strapped shoppers although others, including Marks & Spencer and Adidas warned on profit. Many consumers have turned to cheaper private-label products, boosting sales for retailers like Dutch grocer Ahold Delhaize...
Christmas Shopping Begins Early as Britons Face Cash Crunch
Date: November 9, 2022
By James Davey and Sarah Young LONDON (Reuters) -British consumers are trying to navigate the hit to their finances by spreading out the cost of Christmas, buying gifts early so they do not face a squeeze in December, clothing and food retailer Marks & Spencer said on Wednesday. Other retailers, including supermarket group Sainsbury’s and...
Supermarket Operator Ahold Hikes 2022 Earnings Outlook Again
Date: November 9, 2022
By Diana Mandia (Reuters) -Ahold Delhaize on Wednesday reported third quarter earnings that beat analysts’ estimates and raised its full year earnings forecast for the third time this year, citing strong U.S. sales and margins. Ahold, which operates the Albert Heijn chain in the Netherlands and Stop & Shop, Giant, Food Lion and Hannaford in...
Britain’s M&s Warns of ‘gathering Storm’ of Higher Costs and Weak Consumer
Date: November 9, 2022
By James Davey LONDON (Reuters) -British retailer Marks & Spencer warned on Wednesday of a “gathering storm” of higher costs and pressure on household budgets, as it reiterated full-year profits would fall. The 138-year old clothing and food group, one of the biggest names in British business, reported a 24% decline in profit before tax...