retail-trade
BusinessTrade Tariffs Make It Harder to Keep Prices Low, Ikea Executive Says
BusinessUK Watchdog Says Supermarket Loyalty Scheme Prices Offer Genuine Savings
FinancePets at Home Sees Modest Annual Profit Growth as Demand Woes Persist
BusinessCarrefour Eases Brazil Tensions After CEO’s Meat Snub
Google to Tweak Search Results in Europe After Rivals Complained
Date: November 26, 2024
By Foo Yun Chee BRUSSELS (Reuters) – Google plans to make adjustments to displaying search results on its platform in Europe after some smaller rivals complained about lower traffic to their sites following previous tweaks by the Alphabet unit and as EU regulators probe whether the company breached EU tech rules. Under the EU Digital...
UK’s Ao Expects Better Black Friday and Raises Profit Outlook
Date: November 26, 2024
By James Davey LONDON (Reuters) -British online consumer electricals retailer AO World is expecting sales from this year’s Black Friday promotional period to exceed last year’s, its finance chief said on Tuesday as the group raised its annual profit outlook. Mark Higgins said Black Friday deals in the sector were now being offered through most...
Gloom Spreads Across UK Retailers After Budget Tax Rises, Cbi Says
Date: November 26, 2024
By David Milliken LONDON (Reuters) – British retailers’ optimism has fallen to a two-year low following finance minister Rachel Reeves’ first budget as they brace for higher employment costs and soft consumer demand, the Confederation of British Industry said. Reeves announced a 25 billion pound ($31 billion) increase in employment taxes in her Oct. 30...
UK’s Halfords Faces $29 Million Increase in Costs From UK Budget
Date: November 26, 2024
(Reuters) -British bicycle and car products retailer Halfords Group on Tuesday forecast its future costs to increase by around 23 million pounds ($28.86 million) due to higher employer social security contributions following the UK budget in October. The 130-year-old company, which has retail stores, garages, mobile vans, and home delivery services, joins a growing number...
Britain’s Ao World Raises Annual Profit Outlook After First-Half Rise
Date: November 26, 2024
LONDON (Reuters) -British online electricals retailer AO World raised its annual profit outlook as it reported a 30% rise in first-half profit that reflected a return to double-digit revenue growth in its main business-to-consumer operation. AO, a seller of washing machines, fridge freezers, cookers, TVs, laptops and mobile phones, said on Tuesday customers were “responding...
UK’s Topps Tiles Profit Nearly Halves on Weak Home Repair and Maintenance Demand
Date: November 26, 2024
(Reuters) -British tile retailer Topps Tiles posted an about 50% slump in annual profit on Tuesday, hurt by weak demand in home repair and maintenance sector, as broader economic woes continue to weigh on customer spending. The UK housing repair, maintenance and improvement (RMI) segment has been under persistent pressure, hit by fears that the...