retail-trade
Top StoriesHusqvarna Raises Prices Again as Costs Increase and Quarterly Profit Dips
Top StoriesDiscounter Pepco Vows to ‘protect Prices’ as First-Half Sales Rise
TechnologyCan Rpa Keep the Lights on in the High Street?
Top StoriesCarrefour Upbeat on Turnaround After Brazil Bolsters Sales
Navigating the Rise of the ‘retail Investor’
Date: April 19, 2022
By Rob Brockington, CEO of Claro Money, the UK’s first digital financial coaching app Retail investing is once again rising in popularity in the UK, with the main medium of investment for young investors being technology and apps that allow consumers to buy and trade stocks via their smartphones. The pandemic has acted as a catalyst...
Hermes Upbeat on China as Strong U.s., European Demand Buoys Sales
Date: April 14, 2022
By Mimosa Spencer PARIS (Reuters) -Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe, as the sector powers through turbulence from the war in Ukraine and COVID lockdowns in China. Hermes, which also sells silk scarves and...
UK Midcaps Slip as Inflation Hits 3-decade High; Tesco Slides
Date: April 13, 2022
By Devik Jain (Reuters) -UK midcaps slipped on Wednesday after data showed annual inflation last month rose to a three-decade high, intensifying a cost-of-living squeeze faced by households and hit to the profits of supermarket companies like Tesco. The domestically focused FTSE 250 index ended 0.1% lower, extending its year-to-date loss to 10.7% on concerns...
Tesco Warns of Lower Profits as UK Inflation Squeeze Tightens
Date: April 13, 2022
By James Davey LONDON (Reuters) -Tesco, Britain’s biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike. Shares in the company, which has a more-than 27% share of Britain’s grocery market, were down 5% at 0931 GMT, the biggest decline of...
Four Ways a Customisable Product Experience Can Elevate Your Customer Journey
Date: April 12, 2022
By Bradlie Houldsworth, Head of Product at Remarkable Commerce. With the retail landscape rapidly changing and competition more rife than ever, it’s important brands meet the growing demand of customers wanting a more personalised shopping experience. Nike is one example of how the world’s biggest retailers are investing in their customer experience. Its Nike by...
FEATURE-Nigeria’s Women Shopkeepers Forced to Scale Back as Prices Soar
Date: April 12, 2022
• Food, fuel inflation pushes up shopping bills • Small business owners forced to cut costs as sales fall • Some take out loans in bid to stay afloat By Pelumi Salako ILORIN, Nigeria, April 12 (Thomson Reuters Foundation) – The freezers at Mama Tee’s frozen food shop used to be brimming with chicken, turkey...