retail-trade
Top StoriesApple’s Australian Workers Go on Christmas Strike Demanding Better Wages, Work Terms
Top StoriesAmazon May Be Responsible for Allowing Louboutin Knock-Off Ads, EU Court Says
BusinessGlobal Supply Chain Alignments Could Be the Make-It-Or-Break-It Element for the Economy
Top StoriesUK Card Spending Shows pre-Christmas Pick-Up: Ons
UK Consumer Spending Fails to Keep Pace With Inflation: Surveys
Date: December 6, 2022
LONDON (Reuters) – British consumer spending ticked up last month at a rate that greatly lagged behind inflation, according to surveys on Tuesday that underscored the pressure on household budgets ahead of the Christmas holidays. Barclaycard said spending on its credit and debit cards rose 3.9% year-on-year in November, far behind the annual 11.1% increase...
Britain’s Sainsbury’s Softens Price Rises With 50 Million Stg Investment
Date: December 5, 2022
LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, has set aside a further 50 million pounds ($61 million) to keep a lid on prices, taking a hit to its margin as it absorbs some of the pain of a worsening cost-of-living crisis. Both Sainsbury’s and market leader Tesco have warned of a drop in profit...
Reckitt Expects U.S. Infant Formula Shortage Until Spring
Date: December 2, 2022
By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, according to Reckitt Benckiser, the maker of what is now the biggest brand in the market, Enfamil. Panicked parents had earlier this year emptied the baby...
How SMEs Can Use Bnpl to Compete With Larger Businesses This Key Shopping Season
Date: December 2, 2022
By Niamh Cunningham, Senior Manager, Finance and Strategy, International, Square SMEs like all businesses have faced continuous challenges in recent years. With the disruption caused by the mini-budget and government instability, there is an undeniable growing anxiety within the market. As the country enters the holiday season, what can SMEs do to boost their sales...
Analysis-Retailers Turn to Robots in Cost Inflation Fight
Date: December 1, 2022
By James Davey LONDON (Reuters) – At a vast warehouse in the southern Dutch city of Roosendaal, automated cranes and driverless vehicles silently stack clothes for the French and Italian stores of retailer Primark, reducing the need for hard-to-come-by labour. With goods packed more densely up to its roof, the new warehouse, which spans the...
London’s West End Regains Pre-Pandemic Buzz, Boosting Sales
Date: November 29, 2022
By Aby Jose Koilparambil and Suban Abdulla (Reuters) -London’s West End has seen retail, hospitality and leisure venue sales return to pre-pandemic levels, boosting rent and property demand, commercial landlord Shaftesbury said on Tuesday. From Carnaby Street to Piccadilly Circus and China Town, shoppers, diners, drinkers and theatre-goers have been packing central London’s streets in...