retail-trade
Top StoriesShein’s pre-IPO Charm Offensive Hits Roadblocks in Europe
Top StoriesUK’s Asda Says Tdr Capital to Become Majority Owner
Top StoriesUK Discounter B&m Profit up 10%, Boosted by New Store Openings
Top StoriesZara Owner Inditex Reports Slowing Quarterly Sales Growth
Retaining Payment Choice to Maximise Retail Profitability
Date: June 4, 2024
Retaining Payment Choice to Maximise Retail Profitability Inclusivity has become a core component of Corporate Social Responsibility strategies in recent years, yet with growing numbers of retailers opting for ‘card-only’ payment models, a significant swathe of the population is becoming disenfranchised. Refusing cash may appear to simplify the operational model, especially for retailers struggling to...
UK Supermarket Sales Set for Euro 2024 Fillip, Says Niq
Date: May 31, 2024
UK supermarket sales set for Euro 2024 fillip, says NIQ LONDON (Reuters) – The return of some warm weather in May helped drive sales growth at British supermarkets and they are set for a boost from the upcoming Euro 2024 soccer championship, according to industry data published on Friday. Market researcher NIQ said sales at...
German Retail Sales Fall More Than Expected in April
Date: May 31, 2024
German retail sales fall more than expected in April (Reuters) -German retail sales fell more than expected in April, decreasing by 1.2% compared with the previous month, dimming hopes that consumer spending could give a much-needed boost to Europe’s largest economy. Analysts polled by Reuters had predicted a 0.1% decrease. Year on year, retails sales...
Birkenstock Raises Annual Revenue Forecast on Strong Footwear Demand
Date: May 30, 2024
Birkenstock raises annual revenue forecast on strong footwear demand (Reuters) – Birkenstock raised its annual revenue forecast on Thursday, as the German sandal maker bets on benefits from full-price selling and strong demand for its closed-toe silhouettes and cork-based sandals. Wholesale retailers are still stocking up on in-demand products like Birkenstock despite a wider effort...
Czech Online Grocer Rohlik Ramps up German Expansion as Rivals Quit
Date: May 24, 2024
Czech online grocer Rohlik ramps up German expansion as rivals quit By Michael Kahn PRAGUE (Reuters) – As foreign online grocery delivery rivals exit Germany, Czech Republic-based Rohlik Group is ramping up in Europe’s biggest economy and is on track to break even within the next 12 months, founder and chief executive Tomas Cupr told...
Washout for UK Retailers as Rain Spurs Sharp Drop in April Sales
Date: May 24, 2024
Washout for UK retailers as rain spurs sharp drop in April sales By Andy Bruce (Reuters) -British retail sales slid by far more than expected in April as rainy weather kept shoppers away, in more mixed economic news for Prime Minister Rishi Sunak ahead of a national election, data showed on Friday. Sales volumes dropped...