retail-trade
BusinessReckitt Flags Pressure on Consumers as Volumes Decline
Top StoriesAmazon Faces $1 Billion Lawsuit in UK for ‘favouring Its Own Products’
Top StoriesHomeware Retailer Dunelm Keeps Outlook Steady Amid Strong Sales of Winter Goods
Top StoriesHermes Plans Big Price Rises, Says No Sign of Slowdown
How Small Businesses Can Meet Customer Demands for Constant Connectivity
Date: October 14, 2022
By Stacey Hill, Director of Sales and Operations, Sky Connect Like the businesses it supports, the business broadband market is also experiencing an enormous amount of transformation. From the rising costs with network providers to the risks of unexpected downtimes, sitting at the heart of this transformation is the demand for constant connectivity to keep...
Domino’s Pizza Beats Sales Estimates as Discounts Spur Demand
Date: October 13, 2022
(Reuters) -Domino’s Pizza Inc beat quarterly U.S. same-store sales estimates on Thursday, as it saw steady demand for its pizza and chicken wings helped by heavy discounts offered by the company amid rising inflation. The Michigan-based company’s shares rose about 7% in premarket trade. Domino’s, which posted a 2% rise in U.S. same-store sales in...
Ikea Reports Record Sales as Price Hikes Offset Weakening Consumer Confidence
Date: October 13, 2022
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia. Inter IKEA, franchiser for the world’s biggest home furnishing brand, said sales at all IKEA stores and...
Former Ideal World Boss Steve Hubbard Promises Global ‘retail Revolution’ at Video Commerce Platform
Date: October 12, 2022
The former chief executive of UK-based shopping channel Ideal World has joined the board of live commerce platform OOOOO.com on a mission to revolutionise video shopping in the global retail sector. Steve Hubbard is to spearhead OOOOO’s drive to empower retailers to transact directly with consumers via shoppable short form video that is broadcasted live...
How Well-Managed Order Fulfilment Can Maintain Brand Growth During Recession
Date: October 10, 2022
By Marina Vassilopoulos reports for Cloud9Fulfilment With inflation rates spiralling in the UK to average a 9% increase over the past year, many order fulfilment businesses are struggling to cope with rising fuel surcharges and shipping costs. These rising figures have arrived in conjunction with a housing crisis, long-lasting impacts from Covid-19 and the consequences...
French Luxury Groups to Highlight Sector’s Resilience as Demand Holds up for Now
Date: October 10, 2022
By Mimosa Spencer PARIS (Reuters) – French luxury groups LVMH, Gucci-owner Kering and Hermes are expected to post double-digit third-quarter sales growth as demand for high-end fashion from tourists and shoppers revamping post-pandemic wardrobes remains strong. The sector has sailed above stock market turbulence, lockdowns in China and soaring inflation in recent months, buoyed by...