retail-trade
Top StoriesBritish Retail Sales Beat Expectations in June
Top StoriesSpain Antitrust Watchdog Fines Amazon, Apple $218 Million
Top StoriesZara Owner Boosts Sustainability Goals as Fast-Fashion Feels the Heat
Top StoriesFood Prices Squeeze Consumers in June, Hot Weather Boosts Summer Spending: Brc
Apple Opens Store on China’s WeChat Platform
Date: July 11, 2023
Apple opens store on China’s WeChat platform BEIJING (Reuters) -Tencent’s WeChat said on Tuesday that iPhone maker Apple had opened a store on its social media platform, marking an expansion of the U.S. firm’s retail channels in the world’s second largest economy. The announcement by WeChat, China’s dominant messaging app which also provides e-commerce, livestreaming...
German Retailers Face 4% Slump in Sales in Real Terms in 2023 – Hde
Date: July 4, 2023
German retailers face 4% slump in sales in real terms in 2023 – HDE BERLIN (Reuters) – German retailers expect to bring in 4% less sales income this year than last in real terms as inflation remains stubborn, the HDE retail association said on Tuesday, revising its forecasts down from a 3% drop. The association...
Chinese Smartphones Sales Exceed 70% of Russian Market
Date: July 4, 2023
Chinese smartphones sales exceed 70% of Russian market (Reuters) – Chinese smartphones dominated the Russian market in the first half of 2023, exceeding 70% of all sales, leading consumer electronics retailer M.Video-Eldorado said, up from about 55% last year. Smartphones from Chinese retailers like Xiaomi and Realme have become top sellers in Russia after Samsung...
Sainsbury’s Says UK Food Inflation Falling as Sales Rise
Date: July 4, 2023
Sainsbury’s says UK food inflation falling as sales rise By James Davey LONDON (Reuters) -Sainsbury’s, Britain’s second largest supermarket group, said on Tuesday food inflation was starting to fall as a return to volume growth helped power a 9.8% rise in quarterly underlying sales. The group, which has a 15% share of Britain’s grocery market,...
UK Demands Better Deal for Drivers in Road Fuel Market
Date: July 3, 2023
UK demands better deal for drivers in road fuel market By James Davey LONDON (Reuters) -Britain will require supermarkets and retailers to give drivers access to live fuel prices at every petrol station on their phones or satnavs after the country’s antitrust regulator said competition had weakened in the sector since 2019. Last week, finance...
Hong Kong May Retail Sales Rise 18.4%, Sixth Month of Growth
Date: July 3, 2023
Hong Kong May retail sales rise 18.4%, sixth month of growth HONG KONG (Reuters) – Hong Kong’s May retail sales rose 18.4% from a year earlier thanks to the revival of inbound tourism and positive consumption sentiment, government data showed on Monday. Sales increased to HK$34.5 billion ($4.40 billion), marking a sixth consecutive month of...