retail-trade
Top StoriesN.Irish Businesses Urge UK Against Potentially Damaging Unilateral Plans
Top StoriesAmazon Offers to Share Data, Boost Rivals to Dodge EU Antitrust Fines – Sources
Top StoriesK-Pop Group Bts Promotes New Album With New York Pop-Up Shop
Top StoriesBritain’s Tesco Raises Price It Pays Milk Suppliers Again
China’s Smartphone Makers Chip Away at Samsung, Apple’s Russian Market Share
Date: June 9, 2022
(Reuters) – China’s market share in the Russian smartphone market jumped significantly in May as manufacturers like Apple and Samsung paused new sales in Russia and Western sanctions weighed on the Russian economy. Chinese manufacturers Xiaomi, Realme and Honor accounted for 42% of Russia’s smartphone sales in May 2022, according to data from mobile network...
As Top U.S. Retailers Drown in Goods, Rotation to Services Picks up Inflation Slack
Date: June 9, 2022
By Howard Schneider WASHINGTON (Reuters) – Major retailers like Target Corp and Walmart Inc may be cutting prices to clear overstocked warehouses, but for hotel operators the revenue is pouring in with daily room rates and occupancy that have broken above pre-pandemic levels. The pace of used car price increases has eased from the chart-topping...
Poundland Owner Sees UK Shoppers Cutting Back on Essentials
Date: June 9, 2022
By James Davey LONDON (Reuters) -Pepco Group, owner of European discount retailer brands PEPCO, Poundland and Dealz, said a cost-of-living crisis in Britain has seen consumers reining in spending even on essential items. The Warsaw-listed group said that the absolute levels of inflationary pressure were greater in Central and Eastern European markets, but higher wages...
UK Electricals Retailer Ao World to Close German Business
Date: June 9, 2022
LONDON (Reuters) – British online electricals retailer AO World will close its business in Germany as the outlook for the unit has continued to worsen, it said on Thursday. AO, which sells washing machines, refrigerators, cookers and televisions, launched a review of the German business in January. At that time it highlighted an intensifying competitive...
Kering Aims to Double Saint Laurent Sales in Medium Term
Date: June 8, 2022
PARIS (Reuters) -French luxury group Kering aims to double sales at its smaller, fast-growing fashion brand Yves Saint Laurent to 5 billion euros ($5.36 billion) in the medium term, it said in slides after the first day of an investor presentation on Wednesday. The group said it would expand the label’s geographic footprint, and make...
Twitter Tests Reminder Feature for Limited Edition Product Sales
Date: June 8, 2022
By Sheila Dang (Reuters) – Twitter users will be able to receive reminders when retailers release limited edition items for sale, through a new feature the social media company announced on Wednesday. Twitter will test the feature with brands including Dior, Home Depot and Fossil. Luxury designers, streetwear brands and other retailers have created a...