Lidl Reports Record Christmas Sales Despite Slower Growth
Lidl's UK revenue surpassed £1 billion over the four weeks to Christmas Eve, a nearly 7% increase fueled by a 33% rise in party food sales and a record number of customers; this follows a year of significant customer growth, but the growth rate is down from 12% in the prior year.
Lidl Reports Record Christmas Sales Despite Slower Growth
Lidl's UK revenue surpassed £1 billion over the four weeks to Christmas Eve, a nearly 7% increase fueled by a 33% rise in party food sales and a record number of customers; this follows a year of significant customer growth, but the growth rate is down from 12% in the prior year.
Progress
48% Bias Score
Shanghai Spearheads China's Debut Economy to Boost Consumption
Shanghai leads China's debut economy initiative, aiming to boost consumer demand and transform the retail market by attracting new brands and services; over 5,840 debut stores opened in Shanghai between 2018 and 2023, with a 55% year-on-year increase in the first quarter of 2024.
Shanghai Spearheads China's Debut Economy to Boost Consumption
Shanghai leads China's debut economy initiative, aiming to boost consumer demand and transform the retail market by attracting new brands and services; over 5,840 debut stores opened in Shanghai between 2018 and 2023, with a 55% year-on-year increase in the first quarter of 2024.
Progress
48% Bias Score
Gig Economy Expands into Retail: Flexibility and Risks
Gig economy apps like Young Ones and Temper are facilitating the shift to on-demand staffing in retail and restaurants, offering flexibility but raising concerns about worker rights and economic stability; almost 5 million people in the US declared platform-based income in 2023.
Gig Economy Expands into Retail: Flexibility and Risks
Gig economy apps like Young Ones and Temper are facilitating the shift to on-demand staffing in retail and restaurants, offering flexibility but raising concerns about worker rights and economic stability; almost 5 million people in the US declared platform-based income in 2023.
Progress
36% Bias Score
E-Mart and Alibaba Form Joint Venture to Expand Global Sales
South Korean discount chain E-Mart and Chinese e-commerce giant Alibaba will form a joint venture, Grand Opus Holding, launching in 2025 to expand global sales channels for South Korean sellers, leveraging E-Mart's distribution and Alibaba's e-commerce expertise; E-Mart's stock rose 5.45% on the new...
E-Mart and Alibaba Form Joint Venture to Expand Global Sales
South Korean discount chain E-Mart and Chinese e-commerce giant Alibaba will form a joint venture, Grand Opus Holding, launching in 2025 to expand global sales channels for South Korean sellers, leveraging E-Mart's distribution and Alibaba's e-commerce expertise; E-Mart's stock rose 5.45% on the new...
Progress
36% Bias Score
Australian Boxing Day Sales Surge to \$3.7 Billion Amidst Cost-of-Living Pressures
Fueled by cost-of-living pressures, Australians are projected to spend \$3.7 billion on Boxing Day sales and post-Christmas deals, a 2.7% increase from last year, resulting in a surge in retail activity but also a significant rise in waste from unwanted gifts.
Australian Boxing Day Sales Surge to \$3.7 Billion Amidst Cost-of-Living Pressures
Fueled by cost-of-living pressures, Australians are projected to spend \$3.7 billion on Boxing Day sales and post-Christmas deals, a 2.7% increase from last year, resulting in a surge in retail activity but also a significant rise in waste from unwanted gifts.
Progress
36% Bias Score
Disappointing Christmas Sales in Germany Amidst Economic Uncertainty
Germany's Christmas retail sales fell short of the projected \u20ac121 billion due to global political instability and economic uncertainty impacting consumer confidence, resulting in decreased spending, although the post-Christmas sales period offers some relief.
Disappointing Christmas Sales in Germany Amidst Economic Uncertainty
Germany's Christmas retail sales fell short of the projected \u20ac121 billion due to global political instability and economic uncertainty impacting consumer confidence, resulting in decreased spending, although the post-Christmas sales period offers some relief.
Progress
48% Bias Score
EG Group Plans $14.3 Billion US IPO
EG Group, founded by the Issa brothers and partnered with TDR Capital, plans a $14.3 billion (£11.4 billion) initial public offering (IPO) in the U.S. in 2025, representing its largest market with nearly 1,500 convenience stores across 30 states, highlighting the London Stock Exchange's struggles to...
EG Group Plans $14.3 Billion US IPO
EG Group, founded by the Issa brothers and partnered with TDR Capital, plans a $14.3 billion (£11.4 billion) initial public offering (IPO) in the U.S. in 2025, representing its largest market with nearly 1,500 convenience stores across 30 states, highlighting the London Stock Exchange's struggles to...
Progress
48% Bias Score
Shanghai Leads China's Debut Economy with 5,840 New Stores
Shanghai, a pioneer in China's debut economy, saw 5,840 first stores open between 2018 and 2023, showcasing the initiative's potential to boost consumer demand and reshape the retail market, as highlighted at the Central Economic Work Conference.
Shanghai Leads China's Debut Economy with 5,840 New Stores
Shanghai, a pioneer in China's debut economy, saw 5,840 first stores open between 2018 and 2023, showcasing the initiative's potential to boost consumer demand and reshape the retail market, as highlighted at the Central Economic Work Conference.
Progress
24% Bias Score
Boxing Day 2024: Online Sales Surge as High Street Footfall Plummets
UK Boxing Day 2024 witnessed a 6.2% decrease in high street footfall and a 4.2% drop in shopping centre visits compared to 2023, while online spending is projected to reach \£4.6 billion, driven by extended sales periods and the rising popularity of online shopping.
Boxing Day 2024: Online Sales Surge as High Street Footfall Plummets
UK Boxing Day 2024 witnessed a 6.2% decrease in high street footfall and a 4.2% drop in shopping centre visits compared to 2023, while online spending is projected to reach \£4.6 billion, driven by extended sales periods and the rising popularity of online shopping.
Progress
12% Bias Score
Post-Christmas Sales Surge Amidst Retail Sector Instability
American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...
Post-Christmas Sales Surge Amidst Retail Sector Instability
American holiday retail sales totaled between $979.5 billion and $989 billion in November and December, up 2.5% to 3.5% year-over-year; post-Christmas sales are now underway, offering deeper discounts than last year, yet store closures surged 69% year-over-year, amid looming tariff threats impacting...
Progress
32% Bias Score
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Party City to Close All Stores After Inventory Devaluation Triggers Bankruptcy
Party City, the largest US party supply retailer, is closing all 850 stores after a significantly lowered inventory valuation by Hilco Global triggered creditor demands it could not meet, culminating in a second bankruptcy filing despite a previous restructuring.
Progress
48% Bias Score
Montreal's Royalmount Mall Opens, Aiming for Carbon Neutrality
Montreal's new Royalmount shopping complex, a $7-billion privately financed project, opened its first phase, an 824,000-square-foot mall aiming for carbon neutrality through energy-efficient design, extensive green spaces, and water conservation measures, despite its location in a high-traffic area.
Montreal's Royalmount Mall Opens, Aiming for Carbon Neutrality
Montreal's new Royalmount shopping complex, a $7-billion privately financed project, opened its first phase, an 824,000-square-foot mall aiming for carbon neutrality through energy-efficient design, extensive green spaces, and water conservation measures, despite its location in a high-traffic area.
Progress
56% Bias Score