Great Britain’s food stores saw a surprising drop in sales this Christmas, marking the worst performance since 2013 Food Stores in Great Britain Face Worst Christmas Sales Since 2013 London: Supermarket sales took a hit in December, dropping 1.9% month on month. This is the lowest level we’ve seen in over a decade. Retailers were…
Reliance Industries exceeded profit expectations, driven by its telecom and retail sectors, despite challenges in the petrochemical market. Reliance Industries Reports Strong Profit Driven by Consumer and Oil Sectors Mumbai: Reliance Industries, led by billionaire Mukesh Ambani, just reported a quarterly profit that was a bit better than what analysts expected. The boost came mainly…
Target raised its sales forecast after a solid holiday season, but investors remain skeptical about profit growth Target’s Sales Guidance Boost Doesn’t Satisfy Wall Street Investors Minneapolis: So, Target just raised its sales guidance after a surprisingly good holiday season. But honestly, it wasn’t enough to impress investors who were hoping for more profit growth.…
Poundland’s parent company plans to boost sales by increasing £1 products after a significant drop in revenue Poundland Owner Takes Urgent Steps to Address Sales Decline London: The parent company of Poundland is stepping in to fix the chain’s sales slump. Pepco Group, based in Poland, announced it will focus on selling more products for…
China is experiencing its longest deflation streak since the 1960s, raising concerns about economic stability and growth. China Faces Longest Deflation Streak Since Mao Era in the 1960s Beijing: China is in a tough spot with deflation hanging around for a while now. Analysts say it’s the longest stretch of falling prices since the 1960s.…
Luxury goods companies are shifting focus to U.S. consumers as China’s market struggles continue to impact sales. Luxury Brands Bet on U.S. Shoppers Amid Ongoing Weakness in China Paris: Global luxury brands are really hoping to win over U.S. shoppers this year. With China facing some serious economic challenges, companies are looking to the U.S.…
Currys has announced a hiring slowdown due to national insurance changes, despite a festive sales boost in tech products Currys Reports National Insurance Change Leads to Depressed Hiring Period London: Currys is stepping up automation and facing a hiring slowdown due to changes in national insurance. But they saw a nice boost in sales during…
Currys has raised its profit forecast after a 2% sales increase during Christmas, driven by demand for tech products. Currys Boosts Profit Outlook Following Strong Christmas Sales Performance LONDON: So, Currys just announced some good news! They’ve raised their profit outlook after seeing a 2% bump in sales during the Christmas season. It seems folks…
Joann Inc. has filed for bankruptcy for the second time in under a year as sales continue to drop Joann Crafts Retailer Files for Bankruptcy Again in Less Than a Year Hudson: Joann Inc., the crafts and fabric retailer, is back in bankruptcy court. This is their second time in less than a year, and…
Retailers brace for job cuts and price hikes, raising customer service worries Customer Service Concerns Rise After Reeves’s Tax Changes Impact Retail London: The recent tax changes from Rachel Reeves are causing quite a stir in the retail world. Many are worried about how this will affect customer service. The British Retail Consortium (BRC) has…
