retail-trade
Top StoriesUK Retailers Report Record Food Inflation but See Falls Ahead
Top StoriesCompanies’ Cost Inflation Is Slowing but Shoppers May Wait for Lower Prices
Top StoriesStartup E-Commerce Platform Temu Expands to Europe
Top StoriesPuma Expects Q2 Sales Growth Below Full-Year Target
Tiffany, Now Owned by Lvmh, Reopens on a Fifth Avenue in Flux
Date: April 25, 2023
Tiffany, now owned by LVMH, reopens on a Fifth Avenue in flux By Katherine Masters and Mimosa Spencer NEW YORK (Reuters) – The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York...
Ikea Plans New U.S. Stores in $2.2 Billion Push to Challenge Walmart and Wayfair
Date: April 20, 2023
IKEA plans new U.S. stores in $2.2 billion push to challenge Walmart and Wayfair By Helen Reid LONDON (Reuters) – IKEA stores owner Ingka Group will spend 2 billion euros ($2.2 billion) expanding in the United States over the next three years, its biggest investment in a single country, in a bet to win American...
Investors Warn Big Consumer Firms Over Price Hikes as Competitors Gain
Date: April 20, 2023
Investors warn big consumer firms over price hikes as competitors gain By Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as supply chain costs decline, investors told Reuters, worried that further hikes could hit market share and margin growth. The makers...
Takeover-Target Thg Misses Downgraded 2022 Earnings Guidance
Date: April 18, 2023
Takeover-target THG misses downgraded 2022 earnings guidance LONDON (Reuters) – THG, the online retail platform that said on Monday it had received an approach, missed its downgraded expectation for 2022 earnings on Tuesday, but said profitability had improved in the first quarter even as revenue declined. The British company reported adjusted core earnings of 64.1...
Analysis-LVMH’s Caution Points to Americans’ Waning Lust for Luxury
Date: April 13, 2023
Analysis-LVMH’s caution points to Americans’ waning lust for luxury By Mimosa Spencer PARIS (Reuters) – Luxury shoppers in the United States are curtailing purchases of high-end fashion and leather goods, LVMH’s first-quarter sales report showed, adding to evidence that a strong, months-long, post-pandemic splurge may be ending. Shares in Europe’s most valuable listed company rose...
In the ‘Garden of England’, Loss-Making Orchards Are Cut Down
Date: April 5, 2023
By Sarah Young LINTON, England (Reuters) – The stumps of dozens of apple trees lie discarded along the side of a field. The fruit that helped give the “Garden of England” its name hundreds of years ago no longer makes money so farmer James Smith is tearing down his orchards. Shortages of tomatoes and cucumbers...