retailers
Top StoriesJewellery maker pandora to slow down brand relaunch in China
Top StoriesBritain’s next sees lower clothing inflation, shares dip on cautious outlook
Top StoriesFrance leans on retailers to help consumers cope with food prices
Top StoriesBillionaire cohen builds stake in nordstrom, urges board shakeup
UK retailers and fintechs lock horns with US card giants over rising payment fees
Date: January 27, 2023
By Luke Kosky, Fintech Policy Lead at the Coalition for a Digital Economy The UK Government is facing growing pressure from disaffected British businesses and fintech providers to take action on rising fees charged by Visa and Mastercard on card transactions. Cards are the dominant payment technology in the UK. According to the latest data from...
Italian watchdog fines online retailer YNAP more than $5 million
Date: January 13, 2023
ROME (Reuters) – Italy’s antitrust agency has fined online fashion retailer YOOX Net-A-Porter (YNAP) 5.25 million euros ($5.69 million) over misleading pricing and its returns policy, the regulator said on Friday. The retailer advertised reductions on products on which the final sale price was “substantially the same” as the pre-discount price and blocked orders from...
Commodity-linked stocks push FTSE 100 higher; retailers slide
Date: January 12, 2023
By Shashwat Chauhan (Reuters) -UK’s FTSE 100 rose on Thursday, as gains in commodity stocks outweighed losses in retailers such as Tesco, while investors globally awaited U.S. data to see if inflation has slowed further. The blue-chip FTSE 100 gained 0.6% to hover near a more than four-year high scaled on Wednesday, while the more...
Christmas fizz prompts UK’s sainsbury’s to lift profit guidance
Date: January 11, 2023
By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Christmas trading, forecast full-year profit at the upper end of its guidance after shoppers spent more than expected on festive treats despite a deepening cost-of-living crisis. Ahead of Christmas, European retailers worried the trading period could be the worst in at...
JD sports sees bills-free young shoppers boosting profits
Date: January 11, 2023
By Sarah Young LONDON (Reuters) – JD Sports expects young shoppers not yet saddled with household bills to defy the economic gloom and keep buying Nike trainers and other sportswear, after it posted bumper Christmas sales. The British retailer, which sold 2.6 million pairs of Nike Air Force 1 shoes in the last three months...
Festive cheer boosts profit outlook for UK’s card factory
Date: January 10, 2023
By Aby Jose Koilparambil (Reuters) – UK greeting cards retailer Card Factory lifted its full-year earnings forecast on Tuesday after people flocked to its high street stores to buy Christmas cards as Royal Mail strikes deterred online sales. Shares of the FTSE SmallCap firm rose as much as 9.2% to 95 pence, their highest level...