retailers
BusinessStruggling online merchants invest in payment solutions to retain customers through recession
Top StoriesFactbox-What European companies are doing as workers face high inflation
Top StoriesEuropean retailers downbeat despite black Friday boost
Top StoriesFood of the future: London air raid shelter to underground farm
The death of old finance & the rise of embedded finance
Date: November 25, 2022
By Nigel Verdon, CEO and co-founder of Railsr Embedded finance emerges The pandemic has accelerated what would have been a decade of change in one year and along with all other sectors, the financial services industry has undergone radical digital transformation. What was originally called Banking-as-a-Service (BaaS) has now evolved into embedded finance – digitised...
UK budget fashion chain primark to invest 140 million stg in stores
Date: November 25, 2022
LONDON (Reuters) – British fashion chain Primark set out plans to invest 140 million pounds ($169 million) in its UK store estate over the next two years, betting on its rock-bottom prices luring customers as the country grapples with a cost-of-living crisis. The budget group, part of Associated British Foods, said on Friday the investment...
Why analytics is changing peak season for digitally savvy retailers
Date: November 16, 2022
By Andrew Bithell, Senior Account Manager at CTS For the past decade, retailers have used peak season, especially Black Friday, as a blunt tool to shift stock in a bid to free precious warehouse space ahead of Christmas. But times have changed – and not just socio-economically. Blanket discounting is no longer the approach. In...
Britain’s next buys failed furniture retailer made.com, 400 jobs axed
Date: November 9, 2022
By Sachin Ravikumar LONDON (Reuters) -British fashion retailer Next will buy the Made.com brand for 3.4 million pounds ($3.8 million) after the online furniture seller collapsed into administration, resulting in about 400 job losses. Made.com hit the buffers on Wednesday, running out of cash as a weaker economy deterred Britons from buying new furniture. Retail...
Europe – the warning light flashing on carmakers’ dashboards
Date: November 3, 2022
By Nick Carey (Reuters) – Carmakers BMW and Stellantis on Thursday expressed concerns about Europe’s economic outlook, joining a chorus of retailers and others in warning of waning consumer confidence on the continent and hitting their shares. “Obviously the macro(-economic situation) in Europe is more challenging, which gives me pause, personally,” Stellantis chief financial officer...
Yum beats sales estimates as customers flock to KFC, taco bell deals
Date: November 2, 2022
By Uday Sampath Kumar (Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as the company’s KFC value deals and $2 Taco Bell burritos pulled in more inflation-weary consumers to its restaurants. Yum’s shares rose 1.6% in morning trading. Menu price hikes at dine-in restaurants to keep up with surging...