retail-trade
Top StoriesHermes Set to Raise Prices Again as Booming Sales Outpace Rivals
Top StoriesJeweller Pandora Sees ‘healthy’ Sales so Far This Year
Top StoriesTesco Raises Profit Outlook Again After Strong Christmas Sales
Top StoriesM&s Claims Christmas Crown as Food and Clothing Sales Beat Forecasts
Festive Bakes and Lattes Deliver Christmas Cheer for UK’s Greggs
Date: January 10, 2024
Festive Bakes and lattes deliver Christmas cheer for UK’s Greggs By Paul Sandle LONDON (Reuters) – Britain’s Greggs said strong demand for its Festive Bakes, Christmas lunch baguettes and salted caramel lattes delivered a better-than-expected 9.4% rise in fourth-quarter like-for-like sales, sending its shares to a five-month high. The food-to-go retailer’s strong Christmas resulted in...
Sainsbury’s Bumper Christmas for Food Offset by Weakness Elsewhere
Date: January 10, 2024
Sainsbury’s bumper Christmas for food offset by weakness elsewhere By James Davey LONDON (Reuters) -Strong demand for luxury foods like dry cured gammon, steamed buns and chocolate desserts helped Sainsbury’s outperform the UK grocery market at Christmas and stick with its annual profit forecast. However, shares in Britain’s second-biggest supermarket group sank 5% on Wednesday,...
Factbox-How Companies Are Responding to Attacks on Ships in the Red Sea
Date: January 9, 2024
Factbox-How companies are responding to attacks on ships in the Red Sea (Reuters) -Attacks on vessels by Iranian-backed Houthi militants in Yemen have disrupted international commerce on the shortest shipping route between Europe and Asia. The attacks, targeting a route that accounts for about 15% of the world’s shipping traffic, have pushed several shipping companies...
Hungary Takes Aim at ‘shrinkflation’ With Mandatory Price Warnings
Date: January 8, 2024
Hungary takes aim at ‘shrinkflation’ with mandatory price warnings BUDAPEST (Reuters) – Hungary’s government will require large food retailers from March to display price warnings on products that have shrunk in size, the Economy Ministry said on Monday. Hungary’s inflation rate peaked at 25% in the first quarter of last year, the highest in the...
Red Sea Shipping Workarounds Add Costs, Delays for Suppliers, Retailers
Date: December 28, 2023
Red Sea shipping workarounds add costs, delays for suppliers, retailers By Lisa Baertlein LOS ANGELES (Reuters) -Toymaker Basic Fun’s team that oversees ocean shipments of Tonka trucks and Care Bears for Walmart and other retailers is racing to reroute cargo away from the Suez Canal following militant attacks on vessels in the Red Sea. Suppliers...
Technology, Sportswear Makers Pull Down European Shares
Date: December 22, 2023
Technology, sportswear makers pull down European shares By Khushi Singh and Ankika Biswas (Reuters) -European shares inched lower on Friday, weighed down by technology and sportswear makers, while investors were on tenterhooks ahead of a crucial U.S. inflation print and markets assessed domestic data to back bets of lower interest rates next year. The pan-European...