retail-trade
Top StoriesLooks Aren’t Everything – British Supermarkets to Stock Misshapen Fruit Amid Drought
Top StoriesRichemont to Sell Online Retailer Stake to Farfetch, Takes 2.7 Billion Euro Writedown
Top StoriesMcLaren to Enter India Market Later This Year
BusinessRetail: When the Race to Win Pounds Heats Up, Amazing Customer Experience Becomes a Secret Weapon.
Online Discounts Boost Struggling UK Retailers in July
Date: August 19, 2022
By David Milliken LONDON (Reuters) -British shoppers spent more than expected last month after being enticed by online shopping deals, official figures showed on Friday, but sales volumes look set to resume their decline as households face the highest inflation in 40 years. Retail sales volumes, adjusted for inflation and the time of year, rose...
The Loyalty Game: Why Merchants Must Play It
Date: August 19, 2022
By Alan Irwin, Senior Director of Product, Global Payments It’s now a rarity for new retail businesses to enjoy success without any digital presence, no matter how large or small they are. Ecommerce has become of paramount importance when tapping into new customer demographics and geographies, and the pandemic drove countless merchants online to sell...
Analysis-U.S. Retail Traders Pile Back Into Options as Meme-Stock Mania Flares
Date: August 18, 2022
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Speculative options trading is on the rise again among individual investors alongside a rally in so-called meme stocks, reviving a trend that swept Wall Street last year but faded as markets turned volatile in 2022. Trading in single stock options – a popular vehicle for retail investors...
Luxury Sneakers May Be a Step Too Far for Cash-Strapped Gen Z
Date: August 18, 2022
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) – From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such “aspirational” purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China...
Beauty and the Inflation Beast: ‘Lipstick Effect’ to Shield Estee Lauder, Coty
Date: August 17, 2022
By Ananya Mariam Rajesh (Reuters) – Americans are turning to cosmetics and fragrances to beat the inflation blues in a trend called “the lipstick effect” that could keep the beauty market’s post-pandemic rebound alive and help quarterly sales for Estee Lauder and Coty. The phenomenon, where consumers buy more beauty products instead of big-ticket items...
How to Survive an Economic Downturn: A Beauty Industry Veteran’s Hard-Earned Tips
Date: August 17, 2022
By Rohan Widdison, Founder & CEO of New Labs There’s more trouble on the horizon as businesses grapple with ongoing economic uncertainty, characterised by dampened consumer spending, supply chain disruptions, soaring operating costs and crippling labour shortages. The IMF’s ominous warning that ‘the world may soon be teetering on the edge of a global recession’...