retail-trade
FinanceKingfisher Warns of 45 Million Pound Hit From UK and France Budgets
BusinessTech-Wary Germans Get Hooked With Online Shopping Habit
BusinessBrazilian Meat Suppliers Stop Deliveries to Local Carrefour Retailers, Media Say
BusinessUK Retail Sales Dived Before New Government’s Budget, Ons Says
Sterling Falls to 6-month Low After Weak UK Retail Sales
Date: November 22, 2024
LONDON (Reuters) – The pound weakened on Friday after data showing British retail sales fell by much more than expected in October, which if matched by other soft data could cause the Bank of England to be less cautious when it comes to rate cuts. Sterling was last down 0.22% on the dollar at $1.2566,...
UK’s Jd Sports Says Discounting, Cautious Consumer to Dent Profit
Date: November 21, 2024
LONDON (Reuters) -British sportswear retailer JD Sports Fashion warned annual profit would come in at the lower end of its guided range after a tough October of discounting, unseasonable weather and consumer caution. FTSE 100-listed JD, which sells Nike, Adidas, On, HOKA and other brands in Britain, Europe and the United States, said volatile trading...
Factbox-Top 20 Global Family-Owned Retail Businesses
Date: November 20, 2024
By Linda Pasquini and Agata Rybska (Reuters) – Japan’s Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which would see the company go private and allow it to continue operating under current management. Many global retailers have opted to...
Discounter Lidl to Step up UK Store Openings
Date: November 20, 2024
By James Davey LONDON (Reuters) -The British arm of German discount supermarket chain Lidl will accelerate its new store openings in the next few years after they slowed to just 15 in its 2023/24 financial year, it said on Wednesday. Having opened 50 stores in 2022/23, Lidl GB focused its investment in the year ended...
UK Retail Warns of Inflation and Job Losses From Budget, Seeks Reeves Meeting
Date: November 19, 2024
LONDON (Reuters) – Britain’s biggest retailers have written to finance minister Rachel Reeves to warn her that last month’s budget will make both higher prices and job losses a certainty and dent investment. The letter, coordinated by the British Retail Consortium trade body and signed by 79 retail bosses, including those at Tesco, Marks &...
UK Retail Industry Plays Down Threat to Food Supplies From Possible Farmer Strikes
Date: November 18, 2024
LONDON (Reuters) – Britain’s retail industry on Monday played down the likelihood of possible farmer strikes over the government’s inheritance tax measure impacting food availability, saying the nation’s food retailers are adept at dealing with disruption. Some farmers, angry over the new Labour government’s budget measure to make them liable for inheritance tax, have threatened...