retail-trade
Top StoriesJd Sports Lays Out Plan to Improve Corporate Governance
Top StoriesBritain Must Do More to Help Poor With Cost of Living Crisis, Asda Chairman Says
Top StoriesLuxury Sales to Grow at Least 5% This Year – Bain
Top StoriesGlobal Luxury Outlook Still Strong, Sales to Grow at Least 5% This Year -Consultancy
Britons Switch to Own-Label and Value Ranges to Fight Inflation
Date: June 21, 2022
By James Davey LONDON (Reuters) – British shoppers swapped branded items for cheaper own-label products and turned to value ranges to help manage grocery inflation which soared to 8.3% in the four weeks to June 12, its highest level since April 2009, industry data showed on Tuesday. Market researcher Kantar said prices are rising fastest...
Primark to Trial Click & Collect but Online Delivery Still Off the Agenda
Date: June 20, 2022
By James Davey LONDON (Reuters) -Budget fashion chain Primark will trial a Click & Collect service on children’s products in the United Kingdom but said the move should not be seen as a precursor to an online delivery offer. Parent Associated British Foods said on Monday the Click & Collect trial will take place in...
Danone Trims Product Range as Shoppers Balk at High Prices
Date: June 20, 2022
By Richa Naidu LONDON (Reuters) -French food giant and the world’s biggest yoghurt maker Danone is cutting the variety of products its sells, a top executive said, adapting to changing consumer shopping habits in Europe and beyond as inflation bites into household spending. Supermarkets and the makers of packaged food are struggling to combat rising...
Chinese Splash Out on Tech Goods, Camping Gear in Shopping Fest
Date: June 20, 2022
By Sophie Yu and Brenda Goh BEIJING (Reuters) – High-end home appliances and camping gear were among Chinese shoppers’ most sought after buys during the “618” shopping festival, according to e-commerce platforms, in a sign of how China’s COVID-19 curbs are driving lifestyle changes. The event was the first major shopping festival to take place...
Tesco Says Britons Buying Less and Trading Down to Navigate Inflation
Date: June 17, 2022
By James Davey LONDON (Reuters) – Britons are buying less, switching to cheaper products and shopping more often as they try to cope with soaring inflation, supermarket giant Tesco said on Friday, describing the market environment as “incredibly challenging”. Pessimism weighing on Britain’s households has hit unprecedented levels, as wages struggle to keep pace with...
Russian Furniture Chains Eye IKEA’s Shuttered Factories, Stores
Date: June 17, 2022
(Reuters) – Russian furniture chain Tvoi Dom and another brand Hoff are both considering buying IKEA’s Russian assets after the Swedish firm put its factories up for sale, Russian news agencies reported. IKEA closed its stores in Russia in March after Moscow sent troops into Ukraine, prompting the West to impose sanctions. The Swedish company,...