retail-trade
Top StoriesTesco Wins Appeal in Trademark Fight With Lidl in UK Court
Top StoriesRussian Retail Sales Fall Deeper, Jobless Rate Rises in Sept – Data
Top StoriesBritain’s Next Sticks to Outlook After Quarterly Sales Rise
Top StoriesApple Workers in Australia Gear up for More Strike Action
Analysis-European Retailers Are on Investors’ Naughty Lists This Christmas
Date: October 28, 2022
By Joice Alves LONDON (Reuters) – The Christmas shopping period is unlikely to bring relief to European retailers that sell anything from running shoes to handbags as the cost-of-living crisis squeezes consumers and shrinks disposable income. The holiday season is traditionally a high point for the retail sector but even Europe’s big names are warning...
Smart Cameras Give Physical Retailers the Ability to Compete With Online
Date: October 27, 2022
By Paul Brooker, Enterprise Business Development & Acquisition Lead. Exponential-e It’s been over 70 years since CCTV first became commercially available. At the time it was considered a revolutionary development, but for most of the next seven decades it hasn’t kept up with the pace of digital change. That’s all changing with the advent of...
McDonald’s Beats Sales, Profit Estimates on Boost From Pricier Menu
Date: October 27, 2022
(Reuters) -McDonald’s Corp beat quarterly comparable sales and profit estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals. The company’s shares rose 2.7% to $263.58 in premarket trading. Like other fast-food chains, McDonald’s has been forced to raise prices of its burgers and...
Unilever Downbeat on Europe, China Consumer Sentiment
Date: October 27, 2022
By Richa Naidu LONDON (Reuters) -Unilever Plc on Thursday gave a dire assessment of consumer sentiment in Europe and China, two of its key markets, but raised its full year sales forecast as it lifted prices to counter soaring costs. Like the rest of the consumer goods industry, Unilever’s margins have been squeezed since the...
Sainsbury’s Tipped to Trim Profit Forecast as UK Shoppers Struggle
Date: October 26, 2022
By James Davey LONDON (Reuters) – Sainsbury’s, Britain’s second biggest supermarket group, looks likely to follow market leader Tesco and lower its full-year profit sights when it reports half-year results next week, analysts’ forecasts indicate. At a first quarter trading update in July, Sainsbury’s kept its forecast for underlying profit before tax of between 630...
Tapestry Deepens Push Into China, Undeterred by Luxury Market Slump
Date: October 26, 2022
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform to most people’s idea of a luxury goods market. Sometime soon, however, it will be home to a store for American brand Coach. The store is one of 30 in China that Coach parent Tapestry...