By Nathan Gomes (Reuters) – Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a…
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…
‘Enough Is Enough’: Retailers Back California Initiative To Raise Penalties For Property Crime Arjun Singh on December 23, 2023 Retailers in California are backing a new ballot proposition that seeks…
By Sophie Yu and Brenda Goh BEIJING (Reuters) – A shift in Chinese retailers’ strategy toward lower-priced goods and services to win cost-conscious consumers risks embedding the country’s recent deflationary…
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…
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…
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…
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,…
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…
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…
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…
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…
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…
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…
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,…
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…
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…
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…
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…
(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…
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…
(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…
(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…
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,…
(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…