retail-trade
Top StoriesCost-Of-Living Crisis Casts Shadow Over Europe’s Black Friday
Top StoriesCost-Of-Living Crisis Casts Shadow Over Europe’s Black Friday
TechnologyPayments in the Metaverse: The Key to Unlocking an Omnichannel Retail Experience
Top StoriesAnalysis-China’s Great Reopening May Come Too Late for Many Businesses
As Recession Bites, Tesco Offers UK Staff Pay Advance
Date: November 18, 2022
By James Davey and Sarah Young LONDON (Reuters) – Tesco, one of Britain’s largest private-sector employers, is offering its staff advances on their pay in the latest sign of the distress arising from a worsening cost-of-living crisis. Inflation has surged to a 41-year-high, driven up by rising energy bills and double-digit price hikes for food...
Why Black Friday 2022 Could Be the Most Important One Yet?
Date: November 15, 2022
By Jonny Gilpin, from schuh ltd With less than a month to go to Black Friday weekend, we’re keen to explore how this year will shape up in comparison to previous editions, particularly as the UK navigates some of the most testing financial times in modern history. Could the iconic period, that became a staple...
Acquirers Need to Meet the Fast-Changing Needs of Merchants
Date: November 14, 2022
By Alex Reddish, MD, Tribe Payments Consumers demand a lot. Gone are the days that the likes of catalogue companies could promise delivery within 28 days, or refuse refunds if a consumer simply doesn’t want something. But there are not just more demands on merchants, today, these demands are greater and they’re constantly changing. Consumers...
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...
Fashion Brands Should Focus Less on Sustainability Ambassadors and More on Real Change to the Global Supply Chain
Date: November 10, 2022
By Dr Alan Hudd, Founder, Alchemie Technology A fast-growing trend in the fashion world is for brands to appoint celebrity sustainability ambassadors in an attempt to address environmental concerns. It’s a serious subject, given that the fashion industry is responsible for up to ten per cent of global greenhouse gas emissions, and 20 percent of...
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...