retail-trade
Top StoriesOver One Fifth of Britons ‘struggling’ to Make Ends Meet -Kantar
Top StoriesUK’s Kingfisher Boosted by ‘grow Your Own’ Plant Sales
Top StoriesStellantis Aims for 50% of Sales Online at Relaunched Lancia
Top StoriesExclusive-Danone Ramps up U.S. Baby Formula Shipments to Address Shortage
Sterling Set for Its Biggest Weekly Rise Since Dec 2020 vs Dollar
Date: May 20, 2022
(Reuters) – Sterling was set for its biggest weekly gain since December 2020 against a weakening dollar on Friday as the latest economic data suggested the market might not need to scale back much further its expectations for Bank of England rate hikes. The U.S. dollar was headed for its worst week since early February,...
Richemont Cautious on China Growth, Talks on Ynap Drag On
Date: May 20, 2022
By Silke Koltrowitz and Silvia Aloisi ZURICH (Reuters) – Luxury goods group Richemont struck a cautious note over growth in China after its full-year profit disappointed, sending its shares sharply lower and weighing on the sector. The maker of Cartier jewellery and IWC watches also failed to report any meaningful progress in long-running talks that...
UK Retail Sales Jump Unexpectedly, but Big Picture Bleak
Date: May 20, 2022
By Andy Bruce LONDON (Reuters) -British retail sales jumped unexpectedly in April as shoppers loaded up on alcohol and tobacco, likely a blip in an otherwise bleak trend that has driven consumer confidence to all-time lows amid a worsening cost-of-living crunch. Retail sales volumes rose 1.4% month on month after a 1.2% drop in March,...
Shanghai Finds Cases After Five Days of ‘zero Covid’ but End of Lockdown on Track
Date: May 20, 2022
By Brenda Goh SHANGHAI/BEIJING (Reuters) -Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday, triggering stricter curbs and mass testing in one district but plans to end a prolonged city-wide lockdown on June 1 appeared on track. The commercial hub of 25 million found three new cases in the...
Duty-Free Retailer Dufry’s Sales Soar as European Travel Takes Off
Date: May 19, 2022
(Reuters) -Dufry’s organic sales more than doubled in the first quarter, the Swiss duty-free retailer said on Thursday, driven by a strong rebound in European travel as coronavirus curbs were eased. The Basel-based company reported turnover of 1.12 billion Swiss francs ($1.14 billion) in the January-March period, compared with 460.3 million a year earlier, though...
UK Food Price Inflation Could Hit 10% This Year – M&s Chairman
Date: May 17, 2022
LONDON (Reuters) -Food price inflation in Britain could hit 10% this year, the chairman of upmarket retailer Marks & Spencer, said on Tuesday. “It wouldn’t be surprising to see food price inflation over the course of the year running towards 8-10%,” Archie Norman told BBC radio. “But we don’t know that yet because it runs...