retail-trade
BusinessPrada’s Third Quarter Revenues up 17.7%, Miu Miu Sales Double
BusinessEstee Lauder Names Insider De La Faverie as New CEO to Kickstart Turnaround
TradingSpain’s Puig Posts 11% Rise in Q3 Sales, Beats Expectations
BusinessAdidas Sees Strong Sales in China as It Opens More Stores
More Companies Planning Price Hikes in Germany, Survey Finds
Date: October 29, 2024
BERLIN (Reuters) – Companies in Germany’s industrial, retail and corporate services sectors are planning more price increases, bringing inflation on track to rise to the European Central Bank’s 2% target, according to a survey published on Tuesday. Ifo’s price expectations index grew to 15.9 in October from 14.1 points in September, the economic institute...
Adidas Reports Strongest China Sales Since Early 2022
Date: October 29, 2024
By Linda Pasquini and Helen Reid (Reuters) -Adidas saw strong growth in Greater China in the third quarter, while sales in North America excluding Yeezy shoes were up on the year thanks to improving brand image, the company said on Tuesday. Its performance in China contrasts with other companies that are struggling with weak consumer...
UK Shoppers Cut Back on Spending Ahead of Budget, Cbi Says
Date: October 29, 2024
LONDON (Reuters) – British retailers reported a fall in sales for October as consumers held off on spending ahead of this week’s budget announcement by finance minister Rachel Reeves, the Confederation of British Industry said on Monday. The CBI’s monthly retail sales survey – conducted between Sept. 26 and Oct. 15 – showed the...
Analysis-Bricks Over Clicks as Shops Come Back Into Fashion in Europe
Date: October 28, 2024
By Alberto Chiumento and Paolo Laudani (Reuters) – The rise of online shopping has led to swathes of store closures, casting doubt over the future of retail malls and high streets, but in Europe there are signs that shops are back in vogue and are important for helping to drive online sales. European retailers are...
Harley-Davidson Lowers Full-Year Revenue Forecast on Weak Demand
Date: October 25, 2024
By Kannaki Deka and Nathan Gomes (Reuters) -Harley-Davidson cut its annual revenue forecast as sticky inflation and high borrowing costs hurt demand for the company’s motorcycles in North America, sending its shares down more than 3% on Thursday. Spending on big-ticket purchases has slipped, with consumers wary of depleting savings and rising credit card...
Unilever and Danone Win Back Shoppers as Price Hikes Slow
Date: October 24, 2024
By Richa Naidu and Dominique Vidalon LONDON/PARIS (Reuters) -Consumer goods groups Unilever and Danone beat third-quarter sales estimates on Thursday as they slowed price hikes and invested in innovations to win back shoppers who had turned to cheaper brands during a surge in inflation. The cost of everything from freight to raw materials rose during...