retailers
Top StoriesRetailer lidl UK raises staff pay for third time in 12 months
BusinessWhy it’s essential that merchants use acquirer agnostic PSPs
Top StoriesFrance orders retailers to display shrinkflation
Top StoriesPuma hones focus on speed in olympic battle with adidas and nike
Britain’s co-op profit slides after petrol forecourt sale
Date: April 4, 2024
Britain’s Co-op profit slides after petrol forecourt sale (Reuters) -Co-op, which runs Britain’s seventh-biggest supermarket chain, posted a steep drop in annual pretax profit on Thursday following the sale of its petrol forecourt business, and amid growing competition among retailers. The 180-year-old group, which is owned by its more than 5 million members, has been...
Mango ada1pts as climate change makes fashion less seasonal
Date: March 13, 2024
Mango ada1pts as climate change makes fashion less seasonal By Corina Pons MADRID (Reuters) – Spanish retailer Mango is honing in on adaptable clothing to help customers adjust to wild swings in temperature as climate change makes fashion less seasonal, Chief Executive Toni Ruiz told Reuters. The clothing industry used to work according to clearly...
Primark to raise UK store workers’ pay by 9.1%
Date: March 11, 2024
Primark to raise UK store workers’ pay by 9.1% LONDON (Reuters) – Clothing retailer Primark said on Monday that around 27,000 staff in Britain would get an average pay increase of 9.1% from April 1, making it the latest retailer to reflect an upcoming rise in the government-mandated minimum wage. Primark is part of Associated...
Puma aims to boost its brand in ‘challenging’ market
Date: February 27, 2024
Puma aims to boost its brand in ‘challenging’ market By Alexander Hübner and Helen Reid (Reuters) – Puma expects a weak first half of the year in a challenging market, the German sportswear brand said on Tuesday, but its shares rose slightly as it stuck to annual targets set in January and announced a new...
Time is right to step up investment, sainsbury’s CEO says
Date: February 7, 2024
Time is right to step up investment, Sainsbury’s CEO says LONDON (Reuters) – British supermarket Sainsbury’s believes that having improved its financial performance over the last three years, now is the right time to step-up investment, its boss said on Wednesday. Speaking to reporters after Sainsbury’s published a strategy update, CEO Simon Roberts highlighted the...
UK regulator to review supermarket loyalty scheme prices
Date: November 29, 2023
UK regulator to review supermarket loyalty scheme prices By James Davey LONDON (Reuters) -Britain’s antitrust regulator is launching a review of loyalty scheme pricing by supermarkets, such as Tesco’s Clubcard and Sainsbury’s Nectar, to consider whether it is fair that cheaper prices are available only to members. Loyalty schemes have proved hugely successful for the...