retail-trade
Top StoriesBritain’s Ocado Follows Rivals in Cutting Some Prices
Top StoriesBoohoo Urges Revolution Beauty to Call General Meeting Over Board Changes
Top StoriesUK’s Sainsbury’s Cuts More Prices, Adding to Signs of Abating Inflation
Top StoriesAb Foods Raises Profit Outlook as Primark Gets Summer Boost
Alibaba Aims to Expand Local Business in Europe, President Says
Date: June 15, 2023
Alibaba aims to expand local business in Europe, president says By Silvia Aloisi PARIS (Reuters) -Alibaba Group will make Europe top priority as it focuses on building local businesses and online platforms outside China, the president of the e-commerce giant said on Thursday. “What we will focus more for the future is to build local...
Hugo Boss Shrugs Off Weaker U.S. Sentiment
Date: June 15, 2023
(Reuters) -German fashion house Hugo Boss on Thursday raised its 2025 sales target, betting on strong demand across its markets as it proved immune to weaker U.S. consumer sentiment. The company now aims for annual sales of 5 billion euros ($5.4 billion) by 2025, compared to the previous target of 4 billion euros, which it...
Ikea Bets on Remote Interior Design as AI Changes Sales Strategy
Date: June 13, 2023
LONDON (Reuters) – IKEA is training call centre workers to become interior design advisers as the Swedish furniture giant aims to offer more home improvement services and hand run-of-the-mill customer queries to an artificial intelligence bot called Billie. In April, IKEA expanded its interior design services to the UK and United States, after previous launches...
H&m Shopworkers in Spain Call for Strikes in June – Unions
Date: June 12, 2023
H&M shopworkers in Spain call for strikes in June – unions MADRID (Reuters) – Shop assistants at Swedish fashion retailer H&M stores in Spain will go on strike for three days in June to demand higher salaries and less work duties, the country’s two largest unions said on Monday. The strikes, called by the CCOO...
Two-Speed Economy in Sweden, Central Bank Business Survey Shows
Date: June 9, 2023
Two-speed economy in Sweden, central bank business survey shows STOCKHOLM (Reuters) – Sweden’s economy is split between export and manufacturing businesses which are doing well and retail-facing firms which are having a hard time, a regular survey by the central bank showed on Friday. “The business sector is clearly divided, both in terms of its...
Ikea Stores Owner Ingka Starts on First New Zealand Store
Date: June 2, 2023
STOCKHOLM (Reuters) – IKEA stores owner Ingka group has announced the official start of work on its delayed first store in New Zealand, which it predicts will be followed by other outlets as the Asia-Pacific region recovers from the COVID-19 pandemic and macro-economic shocks. In a filing in 2022 the company referred to a proposed...