retailers
BusinessBoohoo names finley as CEO against frasers demand to pick mike ashley
Top StoriesSwiss hearing aid maker sonova resumes supplying costco, source says
BusinessExclusive-Online retailer shein to hold roadshows soon ahead of London IPO, sources say
Top StoriesUK’s boohoo to stop supplying US customers locally
Thousands of workers at UK retailer next win equal pay case
Date: August 27, 2024
LONDON (Reuters) – More than 3,500 current and former shop workers at British retailer Next have won a six-year legal fight for equal pay, lawyers representing the claimants said on Tuesday. An Employment Tribunal ruled that Next had failed to show that paying its sales consultants, who are overwhelmingly women, lower pay rates than...
UK shop prices dip for first time in nearly 3 years, survey shows
Date: August 27, 2024
(Reuters) – British shop prices fell in annual terms this month for the first time since October 2021, pushed down by summer sales of clothes and household goods, a survey showed on Tuesday. The British Retail Consortium said shop prices fell by 0.3% in August compared with the same month in 2023, after a...
Sporting goods retailer decathlon to invest $111 million in India expansion plan
Date: August 21, 2024
BENGALURU (Reuters) – French sporting goods retailer Decathlon said on Wednesday that it will invest 100 million euros ($111 million) in India over the next five years to expand its store count and manufacturing in what is one of its key markets. The retailer, which entered India in 2009, sells a host of sports...
When consumer convenience turns to friendly fraud: The slippery slope of chargebacks
Date: July 30, 2024
By Alan Hubbs, General Manager at ChargebackOps It’s no secret that the shift to online has opened many virtual doors for merchandisers. However, in online shopping environments, brands are now faced with growing challenges to balance consumer convenience with fraud prevention and protection. On the one hand, companies want to ensure trust in their brand...
Homeware retailer dunelm sees annual profit slightly ahead of market view
Date: July 18, 2024
Homeware retailer Dunelm sees annual profit slightly ahead of market view (Reuters) – British homewares retailer Dunelm Group forecast its annual profit to be slightly higher than market consensus on Thursday, helped by an increase in volumes as customers spent on new furnishings to spruce up their homes. Profit before tax for the year ended...
British grocer sainsbury’s partners with Microsoft to use AI for data insights
Date: May 17, 2024
British grocer Sainsbury’s partners with Microsoft to use AI for data insights LONDON (Reuters) – Britain’s Sainsbury’s said on Friday it has agreed a five-year strategic partnership with Microsoft that will use the technology company’s artificial intelligence capabilities and the supermarket group’s rich data. Seeking revenue gains and cost savings, more retailers are using generative...