retail-trade
Top StoriesWith UK Food Price Inflation at 46-year High, Lawmakers Launch Probe
Top StoriesCarrefour Brasil in Talks With Barzel Properties Over $260 Million Deal
Top StoriesFrance Could Tax Food Industry Over High Prices – Finance Minister
Top StoriesFrench Retailer Casino’s Shares Slump 6% After S&P Downgrade
Asos Reports First-Half Loss as Shoppers Cut Back
Date: May 10, 2023
ASOS reports first-half loss as shoppers cut back LONDON (Reuters) -ASOS, Britain’s one-time poster child for the shift to online fashion retailing, swung to a first-half loss, hurt by a squeeze on household budgets and elevated product returns but said it was confident of a return to profit in the second half. The group, which...
Dufry Sales More Than Double on Travel Rebound, Autogrill Acquisition
Date: May 10, 2023
Dufry sales more than double on travel rebound, Autogrill acquisition (Reuters) – Swiss duty-free retailer Dufry on Wednesday reported a 113.4% jump in its first-quarter turnover, beating market estimates, aided by its acquisition of Italian motorway caterer Autogrill and growing global travel demand. The retailer, which operates more than 2,300 shops at airports, on cruise...
Britain’s Jd Sports to Buy France’s Courir in $572 Million Deal
Date: May 9, 2023
Britain’s JD Sports to buy France’s Courir in $572 million deal (Reuters) -JD Sports Fashion has proposed buying France’s Groupe Courir for an enterprise value of 520 million euros ($572 million), in what would be the British group’s first acquisition since setting out ambitious expansion plans in February. JD currently trades from over 3,400 stores...
Amazon Offers Shoppers $10 to Pick up Purchases as It Targets Delivery Costs
Date: May 9, 2023
Amazon offers shoppers $10 to pick up purchases as it targets delivery costs By Lisa Baertlein LOS ANGELES (Reuters) – Amazon.com is offering customers $10 to pick up a purchase rather than have it shipped to a home address, as the e-commerce giant joins other retailers in racing to slash costs for home delivery and...
World Leaders Gather in London for King Charles’ Coronation
Date: May 5, 2023
World leaders gather in London for King Charles’ coronation By Michael Holden LONDON (Reuters) – King Charles will hold a reception on Friday for world leaders gathered in London for his coronation this weekend, the biggest ceremonial event to be staged in Britain for 70 years. Charles, 74, and his wife Camilla will be crowned...
France’s Le Maire Wants to Break Food Price Inflation “spiral” by Autumn
Date: May 3, 2023
France’s Le Maire wants to break food price inflation “spiral” by autumn PARIS (Reuters) – Finance Minister Bruno Le Maire said on Wednesday that he would meet with retailers and suppliers next week to discuss ways to break the food price inflation “spiral” by autumn, which is a major concern for cash-strapped consumers. Le Maire...