retail-trade
Top StoriesInflation Clouds ASOS’s Hopes for Brighter Second Half
Top StoriesFood Stamp Recipients Are the New Frontier for Target.com
Top StoriesAnalysis-Food Stamp Recipients Are the New Frontier for Target.com
Top StoriesSpain Allows Rationing Products in Case of Market Stress to Prevent Shortages
Sterling Rises vs Dollar, Hits Three-Month Low Versus Euro
Date: March 30, 2022
By Samuel Indyk LONDON (Reuters) – The British pound rose against the U.S. dollar but declined against the euro on Wednesday amid uncertainty over the possibility of a ceasefire between Russia and Ukraine. Russia on Tuesday promised to scale back its military operations near the Ukrainian city of Kyiv, but the United States said it...
As Western Retail Brands Exit, Russia Looks East for Replacements
Date: March 25, 2022
(Reuters) – Russia is looking to China, India, Iran and Turkey to plug the gap created by an exodus of western retail companies, an industry body said on Friday, as Moscow grapples to find ways to combat its growing isolation in the face of sanctions. The Russian Council of Shopping Centres (RCSC), an organisation representing...
Top Ecommerce Trends to Think About When Starting Your Business
Date: March 22, 2022
By Sarah Clark, Country Head, UK at Clearco There has never been a better time to start an ecommerce business in the UK. 2020 and 2021 saw a complete perception shift for businesses and consumers. E-commerce is no longer a nice to have but an essential, with checkout experience or website design now on equal...
Amazon.com Closes Deal to Buy Mgm Movie Studio
Date: March 17, 2022
WASHINGTON (Reuters) -Amazon.com Inc on Thursday said it had closed its $8.5 billion deal to buy MGM, combining the fabled moviemaker behind “Rocky” and James Bond with the online retailing giant as it looks to draw consumers through more streaming video. In a statement, Amazon said it would welcome all MGM employees to the company...
Online Grocer Ocado Retail Lowers Outlook as UK Market Softens
Date: March 17, 2022
By James Davey LONDON (Reuters) -British online supermarket Ocado Retail lowered its outlook for full-year sales on Thursday as it reported a fall in revenue in its latest quarter partly because of a softening in the overall grocery market. The business, a 50:50 joint venture between Ocado Group and Marks & Spencer, said it now...
Russia Clouds Prospects for Inditex After Sales Surge
Date: March 16, 2022
By Corina Pons ARTEIXO, Spain (Reuters) -Sales at Zara owner Inditex surged above pre-pandemic levels at the start of its financial year, though the world’s No.1 fast fashion retailer by sales faces a fresh challenge in the months ahead after it stopped trading in Russia. Inditex shares tumbled on March 5 after the company closed...