retail-trade
Top StoriesBurberry Held Back by China Lockdowns and U.S. Weakness
Top StoriesRichemont’s Strong Sales in U.S. And Europe Help Soften China Weakness
Top StoriesAmazon Acts to End EU Antitrust Investigations, Avoid Fine
Top StoriesRussia’s M.Video Starts Used Smartphone Sales as Foreign Supplies Dwindle
Rising Prices Curb Consumers’ Taste for Chocolate
Date: July 13, 2022
By Maytaal Angel and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumers are cutting back on chocolate due to the cost of living crises in Europe and the United States, according to new data and comments from executives at the world’s biggest chocolate companies. Overall U.S. chocolate retail sales volumes have been “off and down” 2%...
Amazon Faces UK Probe Over Suspected Anti-Competitive Practices
Date: July 6, 2022
LONDON (Reuters) -Britain’s antitrust watchdog is investigating Amazon.com Inc on concerns it was hurting competition by giving its own sellers an unfair advantage in its marketplace over third parties, adding to global regulatory scrutiny of the U.S. tech giant. Britain’s Competition and Markets Authority (CMA) said it opened an investigation on Tuesday into whether Amazon’s...
German Industrial Orders Grow Slightly in May, Reversing Trend
Date: July 6, 2022
BERLIN (Reuters) -German industrial orders grew slightly in May, beating expectations and reversing a trend after three consecutive months of decline due to the war in Ukraine, data showed on Wednesday. Orders for industrial goods increased by 0.1% on the month in seasonally adjusted terms after an upwardly revised decline of 1.8% in April, figures...
Sainsbury’s Quarterly Sales Drop as UK Consumers Squeezed
Date: July 5, 2022
By Paul Sandle LONDON (Reuters) -Sainsbury’s warned the financial pressure on British shoppers would “only intensify” this year after it reported a 4% drop in underlying quarterly sales, driven by falling demand for general goods in its supermarkets and Argos stores. With inflation at a 40-year high and rising, and consumers reining in spending, Britain’s...
London Stocks Edge Higher, Sainsbury’s Climbs After Results
Date: July 5, 2022
(Reuters) – Britain’s equity indexes rose on Tuesday in line with modest gains in Asian markets on hopes of a rollback of U.S. tariffs on China, while supermarket group Sainsbury’s climbed after reporting quarterly sales that matched market expectations. The blue-chip FTSE 100 rose 0.1% by 0715 GMT and the domestically oriented FTSE 250 index...
The Cost of Getting a Price Rise Wrong
Date: July 1, 2022
By Cath Brands, Chief Marketing Officer, Flintfox Increasing prices is one of the fastest and most effective ways of maintaining or improving profitability, but it’s far from simple. According to the latest quarterly survey of the British Chambers of Commerce, almost two-thirds of firms expect to raise prices over the next three months, the highest...