retail-trade
Top StoriesItaly’s Golden Goose to Spread Its Wings Beyond Sneakers
Top StoriesOver Half of Britons Say Loyalty Cards Encourage Them to Buy a Product – Niq
Top StoriesPolish E-Commerce Firm Allegro Eyes Higher Q1 Profit
Top StoriesUK Retailers Turn Positive on Sales Hopes After Bleak Winter
Amazon, Other Retailers Revamp ‘free’ Shipping as Costs Soar
Date: March 24, 2023
By Lisa Baertlein LOS ANGELES (Reuters) – There is no such thing as free shipping. Even so, Amazon.com Inc and other online retailers who use so-called free delivery to cultivate customer loyalty are scrambling to keep it from draining profits as costs climb and e-commerce contracts. They are adding fees for faster service, raising minimum...
Zur Rose Delays Profitability Break-Even to 2024
Date: March 23, 2023
By Anastasiia Kozlova and Tristan Chabba (Reuters) – Swiss online drug retailer Zur Rose on Thursday said it will not reach break-even in adjusted core profit this year as it navigates regulatory requirements for rolling out online prescriptions in Germany. It had said last year it expected its adjusted earnings before interest, taxes, depreciation, and...
Inflation Boosts Jeronimo Martins’ Q4 Profit but Dents Margins
Date: March 23, 2023
LISBON (Reuters) – Portugal’s second-largest retailer Jeronimo Martins on Wednesday posted a 23% jump in fourth-quarter net profit as soaring inflation boosted sales – especially in Poland, its key market – but also dented its margins. The company, which netted 171 million euros ($185.65 million) from October to December, warned that food inflation remained high...
Britain’s Superdry Sells Asia Pacific Ip for $50 Million
Date: March 22, 2023
LONDON (Reuters) – Struggling British fashion brand Superdry has sold its intellectual property assets in much of the Asia Pacific region to South Korea’s Cowell Fashion Company for $50 million, giving it a much-needed cash boost. The deal means Cowell will own and use the Superdry brand in its home market before extending to other...
London Fears Losing Luxury Shoppers to Paris and Milan
Date: March 14, 2023
By James Davey and Sarah Young LONDON (Reuters) – London’s luxury retailers fear the city is losing its pull as a shopping destination, with tourists from the United States, China and the Gulf flocking instead to Paris and Milan where tax breaks still offer a way to cut the cost of their purchases. With finance...
Sainsbury’s Pays $524 Million for Full Ownership of Store Investment Vehicles
Date: March 14, 2023
LONDON (Reuters) -British supermarket Sainsbury’s said on Tuesday it would take full ownership of the Highbury and Dragon store investment vehicles, paying Supermarket Income REIT 430.9 million pounds ($524.2 million) for its 51% stake. Sainsbury’s, Britain’s second largest grocer after Tesco, has held a 49% interest in Highbury and Dragon, which comprises the freeholds of...