retail-trade
BusinessSmaller Retailers Set to Struggle as Inflation Continues to Rise
Top Stories‘Fun and Tasty’ Among Possible Names for McDonald’s Russian Successor
InvestingUK Equities Head for Best Week Since mid-March
InvestingRetailers Lift European Stocks but Growth Worries Persist
Pizza Firm Dp Eurasia Says Russian Business Sustainable as Group Sales Jump
Date: May 26, 2022
By Federica Mileo and Diana Mandia (Reuters) – DP Eurasia, which runs the Domino’s Pizza brand in Turkey and Russia, said on Thursday its business in Russia remained sustainable despite tensions following Moscow’s invasion of Ukraine, after posting a jump in sales in the first four months of the year. The group, which runs 184...
Global Firms Warn of Sluggish China Demand Due to Lengthy Covid Curbs
Date: May 26, 2022
By Josh Ye and Jane Lanhee Lee (Reuters) – Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending. Car sales in the world’s...
Britain’s M&s Pulls Out of Russia and Warns on Outlook
Date: May 25, 2022
By James Davey LONDON (Reuters) -British retailer Marks & Spencer will end its franchise agreement in Russia in the coming months and joined rivals in warning about the outlook for the current year amid a worsening cost-of-living crunch. The 138-year-old clothing and food company ceased shipments in March to FiBA, its Turkish franchise partner in...
UK Stocks Edge Higher, M&s Slips on Gloomy Outlook
Date: May 25, 2022
By Sruthi Shankar (Reuters) -UK stocks edged higher on Wednesday as the global mood steadied after a bruising previous session, while Marks & Spencer slipped on a warning that rising cost pressures and economic uncertainty would weigh on its outlook. The blue-chip FTSE 100 index was up 0.4%, with commodity majors providing the biggest boost....
Nike Not Renewing Franchise Agreements in Russia – Newspaper
Date: May 25, 2022
(Reuters) – U.S. sportswear maker Nike has not renewed agreements with its largest franchisee in Russia, the Vedomosti daily reported on Wednesday, marking the latest exit by a major U.S. brand since Russian forces entered Ukraine. Nike said on March 3 it would temporarily suspend operations at all its Nike-owned and -operated stores in Russia...
UK Retailers Report Average Sales in May, Gloomy Outlook
Date: May 24, 2022
LONDON (Reuters) – British retailers reported a normal level of sales for the time of year, defying economists’ expectations for renewed weakness, but were the most downbeat about the outlook since November 2020, the Confederation of British Industry said on Tuesday. The CBI’s monthly retail sales balance rebounded to -1 in May from -35 in...