UK retailers report subdued Christmas spending: BRC
By David Milliken LONDON (Reuters) – British retailers reported lacklustre sales around Christmas, according to industry data released on Tuesday which may add to concerns that the economy has tipped into a…
Mexican food retailers to maintain price limits on key staples -official
MEXICO CITY (Reuters) – Mexico’s main food retailers have agreed to maintain a deal with the government to limit the prices of 24 basic food staples in order to help tame inflation,…
Hong Kong luxury retailers adjusting to drop in high-spending Chinese tourists
By Farah Master HONG KONG (Reuters) – Hong Kong’s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots in trendy…
ICA grocery retailers in Sweden found guilty of insider trading
STOCKHOLM (Reuters) – A Swedish court on Wednesday found 16 people guilty of illegal insider trading linked to the 2021 acquisition offer for then-listed grocery company ICA Gruppen AB, sentencing some to…
Once-gloomy US retailers now signaling more holiday cheer after solid start to season
By Deborah Mary Sophia and Aishwarya Venugopal (Reuters) -Retailers like Amazon.com and Foot Locker are signaling optimism for holiday season sales after stronger-than-expected figures during Black Friday and Cyber Monday, as heavy…
New Jersey Coalition of Automotive Retailers Urges Halt to 2035 Gas Car Ban
TRENTON, NJ – Jim Appleton, President of the New Jersey Coalition of Automotive Retailers (NJ CAR), has called on Governor Phil Murphy to reassess New Jersey’s electric vehicle (EV) mandate following Connecticut’s…
Retailers Brace For Slow Holiday Season As Inflation Bites
Retailers Brace For Slow Holiday Season As Inflation Bites Will Kessler on November 24, 2023 Consumers are expected to cut back on discretionary spending this holiday season, hurting retailers, amid persistent inflation…
Black Friday Foot Traffic Shopping Lighter Than Previous Years, Retailers Report
NEW YORK, NY — This year’s Black Friday saw a notable change in consumer behavior and economic sentiment, as shoppers worldwide engaged in the annual retail event with less fervor than in…
Formula One clothing craze sweeps retailers ahead of Vegas debut
By Katherine Masters NEW YORK (Reuters) – Formula One motor sports, which routinely draws top-tier luxury sponsors like Rolex, is expanding its roster of partners to retailers whose core business is selling…
US retailers stuck with excess stock offer bargains as holiday season nears
By Ananya Mariam Rajesh and Savyata Mishra (Reuters) – As the holiday shopping season approaches, major U.S. retailers from Dollar General to Walmart and Macy’s could be saddled with too much stock…
Ten Members of International Cyber Fraud Ring Indicted for “Refund Fraud” Scheme Targeting Online Retailers
An indictment in the Northern District of Oklahoma was unsealed today, charging ten men for conspiracy to commit wire fraud as a part of an international conspiracy to defraud online retailers through…
Good News for New Jersey Retailers as Holiday Shopping to Hold Steady in 2023
WASHINGTON, D.C. — American holiday spending predictions hold steady at $923, mirroring last year’s estimates. Gallup’s recent survey indicates Americans expect to spend an average of $923 on holiday gifts, a slight…
Walmart staffed up for holidays; US retailers cautious about economy
By Siddharth Cavale NEW YORK (Reuters) – Walmart signaled it has enough staff for the holidays, in another sign that top U.S. retailers, fearing a seasonal shopping slowdown, are holding off on…
As US holiday shopping season nears, retailers importing like it is 2019
By Lisa Baertlein and Priyamvada C (Reuters) – This holiday season, U.S. retailers are importing like it is 2019. After a spending spree on goods that began during early COVID-19 lockdowns in…
UK retailers demand government action on rising crime
LONDON (Reuters) – Some 88 UK retail leaders, including the bosses of Tesco, Sainsbury’s and Marks & Spencer, have signed a letter to interior minister Suella Braverman, demanding action over rising rates…
Factbox-What retailers have launched U.S. marketplaces since Amazon’s FTC antitrust probe
NEW YORK, NY (Reuters) – Amazon faces an antitrust lawsuit by the U.S. Federal Trade Commission (FTC) and 17 state attorneys general for what they call monopolistic pricing to customers and fees…
Philadelphia retailers ransacked for a second night
(Reuters) – Roving groups of young people broke into retail stores in Philadelphia and grabbed merchandise in the early hours on Thursday, as a beefed-up police presence failed to bring a halt…
Italy agrees steps with retailers to control prices of staple goods
ROME (Reuters) – Italy on Thursday signed off a deal with distributors’ associations to try to control the prices of essential goods in the last quarter of this year, though the last…
US retailers’ financial losses jump as retail crime escalates – NRF
(Reuters) – Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF),…
France to let fuel retailers sell below cost in inflation fight -PM
(Corrects spelling of Elisabeth, paragraph 1) PARIS (Reuters) – The French government plans to temporarily lift a ban on retailers selling road fuel below cost as part of efforts to stem inflationary…
Analysis-European retailers risk dressing-down from investors as consumers flinch
By Joice Alves LONDON (Reuters) – European retailers have been unlikely stock market stars this year, but a long spell of high borrowing costs and inflation has started to bite, so wary…
U.S. retailers shut stores as Hurricane Idalia slams Florida, Georgia
(Reuters) – Several U.S. retailers including Target and Walmart closed stores and adjusted store hours in preparation for Hurricane Idalia that plowed into Florida’s Gulf Coast on Wednesday and then turning its…
A mixed picture for retailers as bargain-hunting shoppers pick their spots
By Deborah Mary Sophia (Reuters) – U.S. retailers’ earnings over the past month have signaled that customers are spending on discounted apparel, small home projects and beauty products even as they slashed…
Big US retailers’ ‘just-in-time inventory’ habit makes a comeback
By Lisa Baertlein LOS ANGELES (Reuters) – During the worst shipping delays of the early pandemic, consumer and transportation analysts predicted U.S. retailers would buy more goods than they needed to prevent…
Rainy July hurts UK retailers: spending growth slowest in 11 months
LONDON (Reuters) – British retailers suffered from heavy rain in July on top of the impact of high inflation with sales growth dropping to an 11-month low, a survey showed on Tuesday.…
Amazon results could bode well for rival retailers Walmart, Target
By Siddharth Cavale and Ananya Mariam Rajesh NEW YORK (Reuters) – Amazon’s strong quarterly results are one more sign that Americans are still shopping, despite months of ominous economic indicators, and could…
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