retail-trade
Top StoriesUK Retail Sales Slip in June as Consumers Struggle With Inflation
Top StoriesExit From Taiwan Lifts Shares of French Company Carrefour
Top StoriesVolvo Cars Sees Flat or Lower Retail Sales This Year
Top StoriesAverage Annual UK Food Bill Set to Rise 454 Pounds as Inflation Soars
Made.com Slashes Outlook on Britain’s Waning Big Ticket Demand
Date: July 19, 2022
LONDON (Reuters) -British online furniture retailer Made.com on Tuesday slashed its sales and earnings guidance for 2022, saying it did not expect an improvement in demand for big-ticket items any time soon. Confidence levels among Britain’s consumers sank to a record low last month as they struggle with the accelerating cost of living. Wages are...
Fans, Hoses and Air Con – Heatwave-Hit Britons Seek Relief
Date: July 18, 2022
LONDON (Reuters) – Sales of electric fans, hoses, air conditioning units and sprinklers are soaring as Britons swelter amid record temperatures, retailers said. Britain was on course for its hottest day on record on Monday with temperatures forecast to hit 40C for the first time, forcing train companies to cancel services, schools to close early...
Russians Buying Cheaper Food Items as Incomes Fall, Says Leading Retailer
Date: July 18, 2022
MOSCOW (Reuters) – Russians shoppers are switching to cheaper food items driven by a drop in real disposable income, the country’s leading food retailer X5 Group said on Monday, as high inflation crimps purchasing power. Though a stronger rouble and a drop in consumer demand have helped Russia rein in inflation, which soared to 20-year...
American Tourists Splurge in Paris Boutiques as Euro Slides
Date: July 15, 2022
By Mimosa Spencer and Doyinsola Oladipo PARIS (Reuters) – American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time...
Producers of Fries Refusing to Supply to Russia, McDonald’s Successor Says
Date: July 15, 2022
(This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) – The head of the company now running the former McDonald’s Corp chain of restaurants in Russia told RBC TV that producers of French fries are refusing to supply to the country and warned that attempts...
Burberry, Richemont Shares Slump on China Jitters, Weaker US
Date: July 15, 2022
PARIS (Reuters) -Burberry and Richemont on Friday laid bare the damage to sales inflicted by China’s strict lockdowns, driving their shares sharply down and renewing concerns about the outlook for the world’s top luxury goods market. Signs of weakness creeping into the U.S. market, the industry’s other main growth engine, added to investor jitters. Shares...