Tag #Retail

Showing 49 to 60 of 299 results

theguardian.com

🌐 75% Global Worthiness

Mar 17, 16:10

Asda's Price War Triggers £3.5bn Market Value Drop for UK Supermarkets

Asda's new price-cutting strategy caused a £3.5bn drop in the value of Tesco, Sainsbury's, and Marks & Spencer shares, highlighting the intensifying grocery price war and uncertainty about Asda's ability to sustain its investment.

Asda's Price War Triggers £3.5bn Market Value Drop for UK Supermarkets

Asda's new price-cutting strategy caused a £3.5bn drop in the value of Tesco, Sainsbury's, and Marks & Spencer shares, highlighting the intensifying grocery price war and uncertainty about Asda's ability to sustain its investment.

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What is the immediate impact of Asda's price-cutting strategy on the UK's largest supermarket chains?

Asda's price-cutting strategy triggered a significant stock market downturn for major UK supermarkets. Tesco, Sainsbury's, and Marks & Spencer experienced substantial share price drops, losing over £3.5 billion in total market capitalization. This reflects analysts' concerns about a potential profit squeeze as competitors respond to Asda's aggressive pricing.

dailymail.co.uk

🌐 75% Global Worthiness

Mar 15, 04:10

Asda's Sales Fall, Profit Warning Issued Amidst Turnaround Efforts

Asda, a UK supermarket chain, reported a 0.8 percent sales decline to £21.7 billion in 2024, with lower profits expected this year, impacting rivals' shares and highlighting challenges following its 2020 takeover by the Issa brothers and TDR Capital.

Asda's Sales Fall, Profit Warning Issued Amidst Turnaround Efforts

Asda, a UK supermarket chain, reported a 0.8 percent sales decline to £21.7 billion in 2024, with lower profits expected this year, impacting rivals' shares and highlighting challenges following its 2020 takeover by the Issa brothers and TDR Capital.

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How did Asda's acquisition by private equity contribute to its current financial difficulties?

Asda's struggles highlight the difficulties faced by supermarkets under private equity ownership, burdened by debt and pressured by discount rivals like Aldi. The decline in sales and profit warning sent shares in competitors Tesco and Sainsbury's down sharply, indicating broader market concerns. Asda's turnaround plan involves significant investment, acknowledging the challenges in regaining customer trust.

thetimes.com

🌐 55% Global Worthiness

Mar 15, 13:12

Fenwick Reports £38.1 Million Loss, Continuing Six-Year Trend

Fenwick, a British department store chain, reported a £38.1 million pre-tax loss for the year to January 2024, continuing six years of losses despite a £430 million sale of its London flagship store and efforts to improve its online presence.

Fenwick Reports £38.1 Million Loss, Continuing Six-Year Trend

Fenwick, a British department store chain, reported a £38.1 million pre-tax loss for the year to January 2024, continuing six years of losses despite a £430 million sale of its London flagship store and efforts to improve its online presence.

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What are the immediate financial implications of Fenwick's reported losses and how do these impact its long-term viability?

Fenwick, a British department store chain, reported a pre-tax loss of £38.1 million on sales of £299 million in the year to January 2024, a 5.2 percent decrease in sales. This continues a six-year pattern of losses, despite the £430 million sale of its London flagship store in 2022. The proceeds were used for staff pensions, debt repayment, dividends, and reinvestment.

kathimerini.gr

🌐 75% Global Worthiness

Mar 14, 13:11

Greece Imposes Strict New Rules on Retail Promotions

Greece's new code of ethics for price reduction announcements, effective March 17, 2025, mandates a 30-day reference price for discounts, limits combined offers to 60 days, bans misleading 'permanent discounts', and imposes fines up to €3 million for violations.

Greece Imposes Strict New Rules on Retail Promotions

Greece's new code of ethics for price reduction announcements, effective March 17, 2025, mandates a 30-day reference price for discounts, limits combined offers to 60 days, bans misleading 'permanent discounts', and imposes fines up to €3 million for violations.

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Responsible Consumption and Production

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What long-term effects might this code have on consumer behavior, retail pricing strategies, and the overall Greek market?

This new regulation significantly impacts Greek retail, standardizing promotional practices and boosting consumer protection. The 30-day reference price rule and restrictions on long-running combined offers will likely lead to fewer misleading promotions. The substantial fines ensure compliance, potentially shifting retail strategies towards genuine price reductions and clearer communication.",

forbes.com

🌐 65% Global Worthiness

Mar 14, 16:11

Joann Stores to Liquidate All Locations After Bankruptcy

Joann Stores, an 82-year-old fabric and craft retailer, is closing all 790 of its stores after failing to find a buyer following its second Chapter 11 bankruptcy filing, resulting in a liquidation sale with discounts up to 40% and an auction of its properties.

Joann Stores to Liquidate All Locations After Bankruptcy

Joann Stores, an 82-year-old fabric and craft retailer, is closing all 790 of its stores after failing to find a buyer following its second Chapter 11 bankruptcy filing, resulting in a liquidation sale with discounts up to 40% and an auction of its properties.

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What is the primary reason for Joann Stores' complete closure, and what are its immediate impacts?

After failing to secure a buyer, Joann Stores, a fabric and craft retailer, is liquidating all 790 of its locations nationwide. The company, which filed for Chapter 11 bankruptcy twice in less than a year, cited weak sales and inventory issues as the primary reasons for closure. Store closing sales are currently underway with discounts up to 40%.

edition.cnn.com

🌐 85% Global Worthiness

Mar 13, 13:11

Walmart Caught in US-China Trade War Crossfire

Walmart requested price cuts from its Chinese suppliers to offset US tariffs imposed by Donald Trump, prompting a meeting with Chinese officials and raising concerns about fair competition and international trade.

Walmart Caught in US-China Trade War Crossfire

Walmart requested price cuts from its Chinese suppliers to offset US tariffs imposed by Donald Trump, prompting a meeting with Chinese officials and raising concerns about fair competition and international trade.

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How are rising tariffs and trade tensions between the US and China affecting businesses and consumers?

The trade war between the US and China is directly impacting major retailers like Walmart, forcing them to seek cost reductions from suppliers to offset tariff increases. This situation highlights the broader economic consequences of escalating trade tensions, affecting both businesses and consumers.

dailymail.co.uk

🌐 75% Global Worthiness

Mar 16, 19:14

Dollar General Profits Plummet Amid Inflation and Tariff Increases

Dollar General's fourth-quarter 2024 earnings report reveals a 1 percent drop in customer traffic and a 49 percent plummet in operating profits due to worsening customer finances caused by inflation and new tariffs; the company is closing 96 underperforming stores.

Dollar General Profits Plummet Amid Inflation and Tariff Increases

Dollar General's fourth-quarter 2024 earnings report reveals a 1 percent drop in customer traffic and a 49 percent plummet in operating profits due to worsening customer finances caused by inflation and new tariffs; the company is closing 96 underperforming stores.

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No Poverty

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How are the recently imposed tariffs impacting Dollar General's pricing strategy and overall profitability?

The decline in Dollar General's performance reflects broader economic challenges impacting low-income consumers. Increased tariffs on imported goods, coupled with persistent inflation, exacerbate financial strain on Dollar General's core customer base, leading to reduced spending and store closures. This highlights the vulnerability of discount retailers to macroeconomic factors.

welt.de

🌐 75% Global Worthiness

Mar 15, 10:10

Staff Shortages Force Closures of 160 Hamburg Businesses in 2024

Due to severe staff shortages, approximately 160 Hamburg businesses closed in 2024, including furniture stores, bakeries, and flower shops, forcing many others to reduce opening hours, highlighting a broader trend across Germany's retail sector.

Staff Shortages Force Closures of 160 Hamburg Businesses in 2024

Due to severe staff shortages, approximately 160 Hamburg businesses closed in 2024, including furniture stores, bakeries, and flower shops, forcing many others to reduce opening hours, highlighting a broader trend across Germany's retail sector.

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What are the underlying causes of the staff shortages impacting Hamburg's retail industry, and how do these factors vary across different types of businesses?

The article connects the closures of 160 Hamburg businesses in 2024 to a combination of economic downturn, increased online shopping, and particularly, severe staff shortages. This personnel crisis affects various retail sectors, from furniture to bakeries, highlighting a systemic issue impacting the viability of local businesses.

elmundo.es

🌐 75% Global Worthiness

Mar 14, 19:15

Death of Latin American Retail Magnate Horst Paulmann

Horst Paulmann, the 89-year-old founder of the Latin American retail giant Cencosud, passed away in Kassel, Germany, on Tuesday; his death may be related to complications from a severe COVID-19 infection he experienced in 2021.

Death of Latin American Retail Magnate Horst Paulmann

Horst Paulmann, the 89-year-old founder of the Latin American retail giant Cencosud, passed away in Kassel, Germany, on Tuesday; his death may be related to complications from a severe COVID-19 infection he experienced in 2021.

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What is the significance of Horst Paulmann's death for the Chilean economy and the retail industry in Latin America?

Horst Paulmann, a prominent Chilean businessman and founder of Cencosud, passed away at 89. His company described him as leaving an indelible mark on the country and its employees, highlighting his dedication to service and job creation. Paulmann's death, possibly linked to complications from a severe COVID-19 infection in 2021, is mourned in Kassel, Germany, his birthplace.",

bbc.com

🌐 65% Global Worthiness

Mar 14, 22:08

Asda's Sales Dip Spurs Price War Investment

Asda, Britain's third-largest supermarket, reported a nearly 1% drop in sales to £21.7bn in 2024, prompting a price-cutting strategy to regain market share lost to competitors like Tesco, Aldi, and Lidl; the company plans to invest significantly, accepting lower short-term profits to achieve long-te...

Asda's Sales Dip Spurs Price War Investment

Asda, Britain's third-largest supermarket, reported a nearly 1% drop in sales to £21.7bn in 2024, prompting a price-cutting strategy to regain market share lost to competitors like Tesco, Aldi, and Lidl; the company plans to invest significantly, accepting lower short-term profits to achieve long-te...

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What are the primary factors contributing to Asda's declining sales and what immediate actions are being taken to address this?

Asda's sales fell by almost 1% last year to £21.7bn, excluding fuel, leading to lower profit expectations this year. The company aims to lower prices by 5-10% compared to rivals and improve product availability to regain market share lost to Tesco, Aldi, and Lidl. Asda's executive chairman attributes this to investment in lowering prices and improving product availability.

us.cnn.com

🌐 85% Global Worthiness

Mar 13, 10:10

Walmart Caught in US-China Trade War Crossfire

Walmart, facing increased US tariffs on Chinese imports, requested price cuts from Chinese suppliers, prompting a meeting with Chinese officials who expressed concerns about unfair trade practices and potential market disruptions, highlighting the broader impact of the US-China trade war.

Walmart Caught in US-China Trade War Crossfire

Walmart, facing increased US tariffs on Chinese imports, requested price cuts from Chinese suppliers, prompting a meeting with Chinese officials who expressed concerns about unfair trade practices and potential market disruptions, highlighting the broader impact of the US-China trade war.

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How is Walmart's response to US tariffs on Chinese goods impacting its relationships with Chinese suppliers and the broader trade conflict?

Walmart, facing increased tariffs on Chinese imports, requested price cuts from its Chinese suppliers. This action prompted a meeting with Chinese officials who expressed concerns about unfair trade practices and potential disruptions to the market. The situation highlights the broader impact of the US-China trade war on global businesses and consumers.

theguardian.com

🌐 75% Global Worthiness

Mar 13, 10:10

John Lewis Triples Profits But Skips Staff Bonus for Third Year

John Lewis Partnership's annual profits tripled to £126 million in the year to January 2025, but 69,000 staff-owners missed out on a bonus for the third year running due to a £600 million investment plan focusing on business transformation.

John Lewis Triples Profits But Skips Staff Bonus for Third Year

John Lewis Partnership's annual profits tripled to £126 million in the year to January 2025, but 69,000 staff-owners missed out on a bonus for the third year running due to a £600 million investment plan focusing on business transformation.

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What are the immediate impacts of John Lewis Partnership's tripled profits, considering the absence of employee bonuses for a third consecutive year?

John Lewis Partnership's annual profits tripled to £126 million in the year to January 2025, a significant increase from £42 million the previous year. However, this financial success did not translate into a bonus for its 69,000 staff-owners, marking the third consecutive year without such a payout.

Showing 49 to 60 of 299 results