retailers
Top StoriesLidl GB expects more customers to switch from rivals after bumper christmas
BusinessAfter christmas relief UK retailers face 2023 reality check
Top StoriesFrasers’ hugo boss exposure falls to $691 million
BankingBanks push FTSE 100 to nine-month highs; recession worries loom
How retailers can remain agile in 2023
Date: January 3, 2023
By Linda Weston, Head of Core Product, Barclaycard Payments The annual shopping events of Black Friday and Cyber Monday set the tone for festive shopping period, and this year the figures suggest there is still appetite amongst consumers to nab a bargain, despite the increasing pressure on purse strings. Barclaycard Payments’ data showed an increase...
Italy’s nexi signs digital payments deal with TIM’s olivetti
Date: December 28, 2022
MILAN (Reuters) – Nexi and Telecom Italia’s Olivetti have teamed up to provide advanced electronic payment solutions to businesses, the companies said on Tuesday. Under the accord, Nexi’s payment systems will be built into Olivetti’s cash registers, they said in a joint statement, with the companies also planning to develop and sell integrated tax and...
Amazon may be responsible for allowing louboutin knock-off ads, EU court says
Date: December 23, 2022
By Kate Abnett BRUSSELS (Reuters) -Online retailer Amazon.com may be deemed responsible for advertising of counterfeit Christian Louboutin shoes which found its way to its platform, Europe’s top court said in a preliminary ruling on Thursday. The EU court said it was now up to two national courts to decide whether this was indeed the...
Britain’s broken egg industry shows the price of food inflation
Date: December 19, 2022
By James Davey LONDON (Reuters) – In Britain, the damage wrought by rampant inflation can be seen in the fate of the humble egg. With war in Ukraine driving energy and chicken feed costs higher, farmers say what they get paid is no longer enough, upending the economics of a key food staple. Many of...
UK retailer currys warns on profit as nordic chill sweeps in
Date: December 15, 2022
By Aby Jose Koilparambil (Reuters) -British electricals retailer Currys cut its full-year profit forecast on Thursday after heavy discounting by rivals in the Nordics region drove it to a first-half loss, sending its shares as much as 10% lower. The company, which makes most of its money in the second half of the year, said...
SoftPoS orchestration: Innovative partnerships with tap to pay
Date: December 14, 2022
By Brad Hyett, CEO of phos As we enter a new year, retailers and merchants alike should be looking to future proof their payment offerings for customers. There has never been a better opportunity to adopt cutting-edge Software Point of Sale or ‘SoftPoS’ technology and innovate in response to the rapid growth of digital payments....