retail-trade
Top StoriesPolish E-Commerce Leader Allegro Trims Forecast Over Inflation Fears
Top StoriesMorrisons’ Quarterly Earnings Halved Amid UK Consumer Crunch
Top StoriesLego Posts Strong Growth on Robust Demand, New Store Openings
Top StoriesPound Plunge Means Even Higher Prices for UK Consumers – McKinsey
Why the UK Is Turning Its Back on In-App Shopping Features
Date: September 26, 2022
Interview with Justin Khaksar, Klaviyo’s Managing Director and Vice President, EMEA and APAC Q: Why are social platforms struggling to convert traffic to in-app shopping features into sales? A: We’ve seen a number of new features and announcements of pilots from social media platforms that enable various kinds of shopping activity for users. While it’s...
UK’s Made.com to Cut Jobs and Launch Strategic Review
Date: September 23, 2022
(Reuters) -British online furniture retailer Made.com said on Friday it would cut jobs, conduct a strategic review, including a formal sale process, and withdraw its full year forecast due to “challenging” market conditions. Made.com would cut back costs by laying off staff within the next few weeks, it said in a statement. It didn’t immediately...
UK Consumer Mood Sinks to New Depths Despite Energy Bills Help
Date: September 23, 2022
By Andy Bruce LONDON (Reuters) – British consumer confidence slid this month to its lowest level since records began in the mid-1970s, with scant sign of any boost from Prime Minister Liz Truss’s announcement of additional support for households. The consumer confidence index from market research firm GfK fell to -49 in September from -44...
UK’s Sainsbury’s in Talks to Sell Stores Worth 500 Million Stg
Date: September 21, 2022
LONDON (Reuters) -British supermarket group Sainsbury’s is in talks to sell 18 stores in southern England to property investor LXi REIT for about 500 million pounds ($568 million). Both companies said on Wednesday they were discussing a sale and leaseback deal. LXi REIT said it would seek to fund the deal through a mix of...
Fries Shortage Resolved, Successor to McDonald’s in Russia Eyes Full Reopening
Date: September 20, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) By Alexander Marrow MOSCOW (Reuters) – After battling supply chain issues, potato shortages and a hefty rebranding job, the successor to McDonald’s Corp’s business in Russia expects to have all 850 restaurants open by the end of the...
The Queen’s Queue: A Portrait of Our Times
Date: September 16, 2022
By Farouq Suleiman and Carlos Barria LONDON (Reuters) – The death of Queen Elizabeth has drawn people from across Britain and the world to queue through the streets of London to pay their respects – a melting pot of nationalities, religions, ages and backgrounds. Among the tens of thousands waiting more than 14 hours to...