retail-trade
BusinessUK Supermarket Asda Raises $196 Million to Help Pay Down Debt
TradingUK’s FTSE 100 Extends Winning Streak as Energy Stocks Climb
BusinessBritons Spent $4.6 Billion Online Over Black Friday/Cyber Monday Period, Says Adobe
TradingSterling Picks up Versus Dollar, Flat Against Euro
UK Retailers Report Weakest Sales Since April, Brc Survey Shows
Date: December 3, 2024
LONDON (Reuters) – British retailers reported lacklustre sales in November, according to industry data on Tuesday affected by the timing of the Black Friday sales, although it still pointed to weakening consumer confidence. Sales volumes dropped by 3.3% in the 12 months to November, the weakest reading since April when they fell 4.0%, and below...
Topps Tiles Says Board Supports Strategy After Top Investor’s Criticism
Date: December 2, 2024
By Aby Jose Koilparambil (Reuters) -Britain’s Topps Tiles said on Monday its strategy, primarily focused on expanding the retailer’s online businesses, had the “full support of the board”, responding to a letter expressing discontent from its top investor. In the letter dated Nov. 28 – reported by The Times on Sunday and seen by Reuters...
UK Business Morale Ticks Lower but Trading Prospects Healthy, Lloyds Bank Says
Date: December 2, 2024
(Reuters) – British business confidence ticked downwards in November to a five-month low but remained healthy overall, with companies still feeling upbeat about their trading prospects, a survey from Lloyds Banking Group showed on Monday. The Lloyds Bank Business Barometer sank by 3 points last month to 41%, its lowest level since June but comfortably...
German Retail Sales Fall More Than Expected in October
Date: November 29, 2024
(Reuters) – German retail sales fell more than expected in October, decreasing by 1.5% compared with the previous month, data showed on Friday. Analysts polled by Reuters had predicted a 0.3% decrease. Compared to the same month in the previous year, the retail sector recorded an increase in sales of 1.0% in real terms. Food...
Hot Wheels, G.I. Joes Aplenty on Shein, Temu Amid Worry Over Fake Products
Date: November 29, 2024
By Jessica DiNapoli, Helen Reid and Arriana McLymore NEW YORK (Reuters) – Fast-growing specialty e-commerce sites such as PDD’s Temu and its rival Shein are branching deeper into the business of selling toys as many American and European shoppers prepare to seek out steep bargains during the Black Friday weekend. In previous years, Temu and...
UK Budget Shows Government Doesn’t Understand Business, Says Retail Veteran
Date: November 28, 2024
LONDON (Reuters) – Britain’s tax raising budget shows the government does not understand business and it will drive prices higher, restrict pay and curtail investment, one of the country’s most experienced retail veterans said on Thursday. Criticism of finance minister Rachel Reeves’ Oct. 30 budget has been intense, particularly from business after she tapped companies...