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…
Aussie retailers in for more pain as high interest rates squeeze spending – Citi
(Reuters) – Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate…
U.S. consumer outlook dims as upscale retailers, discounters slash forecasts
By Aishwarya Venugopal (Reuters) – Weak profit forecasts from department store chain Macy’s to discounter Dollar General on Thursday underscored the fragile health of the U.S. consumer as persistent inflation curbs spending.…
Major Children’s Clothing Retailers Poured Money Into LGBT Group That Promotes Secret Gender Transitions For Children
Major Children’s Clothing Retailers Poured Money Into LGBT Group That Promotes Secret Gender Transitions For Children Laurel Duggan on May 30, 2023 Target and Kohl’s, two major children’s clothing retailers, have both…
Almost Two Dozen Major Retailers Have Fled Downtown San Francisco Amid Skyrocketing Crime
Almost Two Dozen Major Retailers Have Fled Downtown San Francisco Amid Skyrocketing Crime Erinn Broadus on May 11, 2023 Since 2020, 23 retail stores have closed in downtown San Francisco, with many…
UK sales growth holds steady in April, retailers hope for better summer
By Suban Abdulla LONDON (Reuters) – British retail sales growth held steady in April but high inflation meant shoppers were getting less for their money, and unsettled weather discouraged many from buying…
Analysis-From tea to ketchup, some shelves lie empty as retailers struggle to predict demand
By Richa Naidu and Helen Reid LONDON/BARCELONA (Reuters) – A “salad crisis” affecting British supermarkets hit headlines earlier this year but shoppers across Europe and the Middle East seeking some basic groceries…
Retailers to tackle sustainability at key conference
BARCELONA (Reuters) – Global fashion retailers gathering in Barcelona this week will discuss how they respond to pressure from regulators and consumers to move to more sustainable models while reversing declining sales…
France to take action if food retailers don’t pass on falling prices
PARIS (Reuters) – French Finance Minister Bruno Le Maire pledged on Friday to take action against food retailers if they do not pass on lower wholesale prices to consumers struggling to cope…
UK retailers turn positive on sales hopes after bleak winter
LONDON (Reuters) – British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industry on Monday, adding to other recent signs…
Visa, MasterCard $5.6 billion settlement with retailers is upheld
By Jonathan Stempel (Reuters) – A federal appeals court on Wednesday upheld a $5.6 billion antitrust class-action settlement with more than 12 million retailers that accused Visa Inc and MasterCard Inc of…
French Finance Minister to meet retailers this week over food inflation worries
By Dominique Vidalon PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Monday he will meet retailers this week to find ways to help shoppers cope with high food price…
Exclusive-Discover to enable tracking of purchases at gun retailers from April
By Ross Kerber (Reuters) -Discover Financial Services, a provider of credit cards, told Reuters it will allow its network to track purchases at gun retailers come April, making it the first among…
Retailers offering discounts on high-end iPhones in China
SHANGHAI (Reuters) – Third party retailers in China are offering discounts of as much as 10% on Apple Inc’s iPhone 14 Pro amid sluggish demand for smartphones. Electronics vendors JD.Com Inc and…
Turkey presses strained retailers for price freezes ahead of elections
By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could…
Portugal approves windfall tax on energy firms, food retailers
By Sergio Goncalves LISBON (Reuters) – Portugal’s parliament on Tuesday approved a 33% tax on the windfall profits that energy companies and food retailers may be bringing in with inflation at a…
General Mills pet business posts muted sales as retailers cut back on inventory
By Granth Vanaik (Reuters) – General Mills Inc said on Tuesday quarterly sales at its high-margin pet business took a hit due to some key retailers cutting back on inventory, sending its…
Nearly all toy, food retailers in Germany planning price hikes -Ifo
BERLIN (Reuters) – Nearly all toy, food and stationery retailers in Germany plan to raise their prices with a view to the Christmas shopping season, according to a survey on Tuesday. Toy…
U.S. retailers knocked as Target warns on gloomy sales outlook
(Reuters) – Shares in U.S. retailers slid in premarket trade on Wednesday after Target Corp warned of a gloomy outlook for crucial holiday quarter sales and announced plans to save up to…
Walmart, Target results will tell how gloomy holidays could get for retailers
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) – Walmart and Target results this week are likely to show that major retailers are heading for a turbulent holiday season as rampant inflation…
U.S. retailers fill store shelves with leftover holiday inventory
By Arriana McLymore and Doyinsola Oladipo NEW YORK, NY (Reuters) – The Ghost of Christmas Past haunts U.S. store shelves, sales floors and stockrooms this year. Retailers were sitting on $548.8 billion…
Spain’s retailers shun government proposal to freeze basic goods prices
MADRID (Reuters) – Spain’s main supermarket chains rejected on Monday a proposal by the left-wing coalition government to temporarily freeze prices of a basic staple basket to ease the pain of high…
UK retailers report slowest sales growth since end of lockdowns-BDO
LONDON (Reuters) – British retailers saw the slowest growth in sales since the end of COVID-19 lockdowns last year as shoppers tightened their belts in the face of soaring inflation, business consultancy…
Brody’s Crafted Cocktails Coming Soon to Liquor Retailers Across Florida
Award-Winning Craft-Style Ready-To-Serve Bottled Cocktails To Hit Shelves Across the State Just in Time for Summer and Holiday Entertaining COLLINGSWOOD, N.J., June 24, 2022 — Brody’s Crafted Cocktails, a line of ready-to-serve…
Best Buy earnings expected to fan inflation gloom gripping America’s retailers
By Uday Sampath Kumar (Reuters) – Expectations are running low for electronics retailer Best Buy Co Inc’s quarterly earnings on Tuesday after results from two major industry players showed Americans were balking…
Carrefour shares fall as retailer’s French Q1 sales disappoint
PARIS -Shares in Carrefour fell nearly 4% on Thursday after Europe’s largest food retailer reported first-quarter sales that showed a lacklustre performance in its core French market, overshadowing more robust growth in…
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