retail-trade
BusinessBritain’s John Lewis Optimistic on Christmas Trading Outlook
BusinessHasbro’s Cost-Saving Efforts Drive Profit Beat Even as Toy Sales Drag
BusinessMike Ashley’s Frasers Drops Plan to Buy Luxury Brand Mulberry
BusinessRetailer Carrefour Reviewing Work Practices at Saudi Partner After Amnesty Raises Concerns
Navigating Global Crises: Strengthening Retail Resilience
Date: October 17, 2024
By Georgia Leybourne, Chief Marketing Officer at Linnworks Ongoing global crises has created unprecedented challenges for retailers in 2024. Supply chain disruptions, unpredictable consumer demand, and logistical complexities have become the new norm. In such a turbulent environment, businesses urgently need stability and adaptability. Ecommerce solutions have emerged as powerful tools for businesses navigating these uncertainties....
Amazon Reveals Its First Color Kindle E-Reader After Years of Development
Date: October 17, 2024
By Greg Bensinger SAN FRANCISCO (Reuters) – Amazon on Wednesday announced its first color Kindle e-reader following years of effort to bring the more immersive device to market. The ‘Kindle Colorsoft’ carries a $280 price tag that compares with similar devices from other manufacturers available on Amazon in the range of $149 to $330....
Adidas Raises 2024 Guidance Again, Citing Good Brand Momentum
Date: October 16, 2024
(Reuters) -Adidas on Tuesday raised its full-year sales and profit guidance, citing better than expected performance in the third quarter and good brand momentum as it benefits from popularity of its three-striped Samba and Gazelle shoes. The German sportswear brand raised its forecasts for the third time this year, saying it now expected currency-neutral...
Spain’s Top Fashion Retailers to Launch Trial to Collect Clothes Waste in 2025
Date: October 11, 2024
By Corina Pons MADRID (Reuters) – Spain’s largest fashion companies will start collecting discarded clothes from April next year as part of a voluntary pilot scheme to manage textile waste that anticipates EU regulations expected to come into force in 2026. Zara owner Inditex, H&M, Decathlon, Ikea and Primark are among 10 brands that...
Ikea Sales Fall 5% After Price Cuts Amid Weak Housing Market
Date: October 11, 2024
By Helen Reid LONDON (Reuters) – IKEA annual sales fell 5% after the Swedish budget homeware retailer cut prices in a bid to attract more shoppers and maintain its share of a shrinking home furniture market, but it expects a recovery next year. Ingka Group, which owns most IKEA stores globally, reported 39.6 billion...
Online Shopping Returns to Growth in Europe Amid Fierce Competition
Date: October 9, 2024
By Helen Reid LONDON (Reuters) – Recovering consumer confidence has boosted online shopping in Europe this year, industry group Ecommerce Europe said on Wednesday, while low-cost marketplaces like PDD Holdings’ Temu have heightened competition. Inflation has hurt shoppers’ spending power around the world and helped fuel rapid growth in online platforms selling cheap products. In...