Tag #Retail

Showing 49 to 60 of 392 results

kathimerini.gr

🌐 75% Global Worthiness

May 13, 13:15

Greek Island Supermarket Sales Surge on Tourism Boom

Supermarket sales in the Greek islands and Crete are booming, reaching almost 19% of total sales in summer 2024, up from 16.5% in 2021, driven by increased tourism and self-catering by tourists; this has created a €2.5 billion market that major supermarket chains are fiercely competing for.

Greek Island Supermarket Sales Surge on Tourism Boom

Supermarket sales in the Greek islands and Crete are booming, reaching almost 19% of total sales in summer 2024, up from 16.5% in 2021, driven by increased tourism and self-catering by tourists; this has created a €2.5 billion market that major supermarket chains are fiercely competing for.

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How are major supermarket chains responding to the growth in this market?

The shift towards self-catering by tourists has created a lucrative market in Greek islands and Crete for supermarkets. Large chains are expanding their presence via new stores and acquisitions of local businesses to capitalize on this trend. The market share of these regions rose from 16.5% of total supermarket sales in summer 2021 to nearly 19% in summer 2024.

theglobeandmail.com

🌐 75% Global Worthiness

May 9, 22:11

RioCan REIT: A Contrarian Investment Thesis Despite Recent Slump

RioCan Real Estate Investment Trust's unit price has fallen 16 percent since February, but the author remains optimistic due to a high dividend yield, planned asset sales, and the potential for replacing Hudson's Bay Co. with more profitable tenants.

RioCan REIT: A Contrarian Investment Thesis Despite Recent Slump

RioCan Real Estate Investment Trust's unit price has fallen 16 percent since February, but the author remains optimistic due to a high dividend yield, planned asset sales, and the potential for replacing Hudson's Bay Co. with more profitable tenants.

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How does the current economic climate affect the investment appeal of RioCan, and what factors support the author's optimistic outlook despite the challenges?

The author's bullish outlook on RioCan stems from the belief that the market has already priced in negative economic factors. The departure of HBC, contributing only 2.5 percent to RioCan's funds from operations (FFO), is viewed as an opportunity to attract more successful tenants. The current 6.8 percent dividend yield, coupled with a conservative payout ratio, is also considered attractive.

dailymail.co.uk

🌐 75% Global Worthiness

May 6, 04:09

Rite Aid Files for Bankruptcy Again Amid Retail Downturn

Rite Aid, operating 1,245 stores after a previous bankruptcy, filed for Chapter 11 protection again due to financial issues stemming from insufficient inventory and declining sales, seeking a buyer while keeping stores open during the process.

Rite Aid Files for Bankruptcy Again Amid Retail Downturn

Rite Aid, operating 1,245 stores after a previous bankruptcy, filed for Chapter 11 protection again due to financial issues stemming from insufficient inventory and declining sales, seeking a buyer while keeping stores open during the process.

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What are the immediate consequences of Rite Aid's second bankruptcy filing?

Rite Aid, a drugstore chain, filed for bankruptcy again seven months after emerging from its last bankruptcy. This second filing is due to insufficient funds to maintain adequate inventory and customer experience, leading to declining sales. The company will keep its 1,245 stores open during the bankruptcy process while seeking a buyer.

us.cnn.com

🌐 75% Global Worthiness

May 6, 01:16

Rite Aid Files for Second Bankruptcy, Seeking Buyer Amidst Industry Challenges

Rite Aid, the third-largest standalone pharmacy chain in the US, filed for Chapter 11 bankruptcy for a second time on Monday, seven months after emerging from its first bankruptcy, seeking a buyer while aiming to maintain operations and pharmacy services, highlighting the struggles in the drugstore ...

Rite Aid Files for Second Bankruptcy, Seeking Buyer Amidst Industry Challenges

Rite Aid, the third-largest standalone pharmacy chain in the US, filed for Chapter 11 bankruptcy for a second time on Monday, seven months after emerging from its first bankruptcy, seeking a buyer while aiming to maintain operations and pharmacy services, highlighting the struggles in the drugstore ...

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How did Rite Aid's previous bankruptcy and the failed Walgreens acquisition contribute to its current financial distress?

Rite Aid's second bankruptcy highlights the challenges faced by the drugstore industry, including declining prescription reimbursements, increased competition from larger chains and online retailers, and the impact of high debt from past legal battles. The company's diminished size after a failed acquisition attempt by Walgreens, which left it with about half its stores compared to two years ago, significantly hampered its ability to compete effectively.

french.china.org.cn

🌐 75% Global Worthiness

May 5, 10:11

Chinese Electronics Drive Senegal's Economic Transformation

In Dakar, Senegal, Rachid Cham, a 35-year veteran of the electronics retail business, reports that about half his inventory now comes from China due to quality, pricing, and fast delivery, reflecting a broader trend of increasing Chinese economic investment in Senegal, including the Diamniadio indus...

Chinese Electronics Drive Senegal's Economic Transformation

In Dakar, Senegal, Rachid Cham, a 35-year veteran of the electronics retail business, reports that about half his inventory now comes from China due to quality, pricing, and fast delivery, reflecting a broader trend of increasing Chinese economic investment in Senegal, including the Diamniadio indus...

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What is the impact of increasing Chinese electronic goods imports on Senegalese businesses and consumers?

In Dakar, Senegal, Rachid Cham, a Lebanese-Senegalese businessman, highlights the increasing presence of Chinese electronics in his shop and the Senegalese market. About half of his inventory now comes from China, primarily small household appliances, due to their good quality, competitive prices, and fast delivery. This shift reflects a broader trend of Chinese goods gaining popularity among Senegalese consumers.

bbc.com

🌐 85% Global Worthiness

May 3, 04:09

M&S Supplier Uses Pen and Paper After Cyberattack

A cyberattack on Marks & Spencer caused significant disruption, forcing its major supplier Greencore to revert to manual ordering systems using pen and paper; M&S stores faced empty shelves, online orders were suspended for over a week, and employee payroll was affected.

M&S Supplier Uses Pen and Paper After Cyberattack

A cyberattack on Marks & Spencer caused significant disruption, forcing its major supplier Greencore to revert to manual ordering systems using pen and paper; M&S stores faced empty shelves, online orders were suspended for over a week, and employee payroll was affected.

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How has the cyberattack affected Marks & Spencer's employees and internal processes?

The cyberattack's impact extends beyond immediate stock shortages; it affects employee payroll and internal communication at M&S. Greencore's return to pen-and-paper ordering and increased deliveries demonstrate the ripple effect on the supply chain. The incident underscores the vulnerability of modern retail systems to cyber threats and the importance of robust backup systems.

dailymail.co.uk

🌐 75% Global Worthiness

May 13, 19:13

Wickes Group's Strong Q1 Results Drive 8.5% Share Price Surge

Wickes Group reported a strong start to its financial year, with turnover increasing by 6.9 percent to £553.1 million in the period from January to April 26th, 2025, due to warmer weather and volume-led demand; its share price increased by 8.5 percent.

Wickes Group's Strong Q1 Results Drive 8.5% Share Price Surge

Wickes Group reported a strong start to its financial year, with turnover increasing by 6.9 percent to £553.1 million in the period from January to April 26th, 2025, due to warmer weather and volume-led demand; its share price increased by 8.5 percent.

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How did the performance of Wickes' different business segments (retail, trade, design and installation) contribute to the overall results?

The growth was primarily volume-driven, with like-for-like retail revenue up 9.2 percent and price inflation near zero. This success is linked to a 14 percent increase in TradePro loyalty scheme membership, with members spending significantly more than typical customers. Market share gains in key categories such as timber, hardware, and garden further contributed to the positive results.",

cnn.com

🌐 85% Global Worthiness

May 6, 01:16

Rite Aid Re-Files for Bankruptcy, Seeks Buyer

Rite Aid, the seventh-largest pharmacy chain in the US, re-filed for Chapter 11 bankruptcy on Monday, seeking a buyer while securing nearly $2 billion in financing to maintain operations during the process, following a previous bankruptcy in 2023 and a failed acquisition attempt by Walgreens in 2017...

Rite Aid Re-Files for Bankruptcy, Seeks Buyer

Rite Aid, the seventh-largest pharmacy chain in the US, re-filed for Chapter 11 bankruptcy on Monday, seeking a buyer while securing nearly $2 billion in financing to maintain operations during the process, following a previous bankruptcy in 2023 and a failed acquisition attempt by Walgreens in 2017...

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What are the immediate consequences of Rite Aid's second bankruptcy filing?

Rite Aid, a financially struggling drugstore chain, re-filed for Chapter 11 bankruptcy on Monday, seeking a buyer to facilitate its sale. The company secured nearly $2 billion in new financing to stay operational during bankruptcy and plans to keep its stores open. This follows a previous bankruptcy filing in October 2023, from which it emerged in September 2024 with reduced debt and store closures.

theguardian.com

🌐 75% Global Worthiness

May 6, 22:10

John Lewis Chairman's £1.3m Pay Increase Amidst Cost Cuts

John Lewis Partnership chairman Jason Tarry's pay will exceed £1.3 million this year, a substantial increase from his predecessor's compensation and 53 times higher than the average non-management worker's pay, despite a 7.4% pay rise for hourly workers and cost-cutting measures.

John Lewis Chairman's £1.3m Pay Increase Amidst Cost Cuts

John Lewis Partnership chairman Jason Tarry's pay will exceed £1.3 million this year, a substantial increase from his predecessor's compensation and 53 times higher than the average non-management worker's pay, despite a 7.4% pay rise for hourly workers and cost-cutting measures.

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What impact has the John Lewis Partnership's recent restructuring, including workforce reduction and benefit changes, had on employee morale and compensation?

Tarry's substantial pay rise comes amidst a backdrop of increased hourly pay for John Lewis workers (7.4%, to £11.55/hour), though still below competitors like Marks & Spencer. The company also reduced its workforce by approximately 4,000 and skipped employee bonuses for the fourth time in five years, despite increased profits.

nbcnews.com

🌐 85% Global Worthiness

May 5, 04:12

Trump Directly Intervenes to Stop Amazon From Passing on Tariff Charges

President Trump directly intervened in Amazon's decision to pass on tariff charges to consumers, calling CEO Jeff Bezos and preventing the price increase, contradicting his previously stated intention that tariffs would only incentivize domestic production.

Trump Directly Intervenes to Stop Amazon From Passing on Tariff Charges

President Trump directly intervened in Amazon's decision to pass on tariff charges to consumers, calling CEO Jeff Bezos and preventing the price increase, contradicting his previously stated intention that tariffs would only incentivize domestic production.

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Responsible Consumption and Production

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What direct actions did President Trump take in response to Amazon's consideration of passing on tariff charges, and what immediate consequences did his actions have?

President Trump revealed he directly contacted Amazon CEO Jeff Bezos to prevent Amazon from passing on new tariffs to consumers. This intervention highlights Trump's proactive approach to tariff impacts and his direct communication with major corporations. His actions averted potential price increases for consumers.

theguardian.com

🌐 90% Global Worthiness

May 3, 16:12

M&S Cyberattack Causes Millions in Daily Losses

A cyberattack, possibly by the Scattered Spider group using DragonForce malware, has crippled Marks & Spencer's IT systems, halting online orders, disrupting in-store operations, and causing estimated daily losses of millions of pounds.

M&S Cyberattack Causes Millions in Daily Losses

A cyberattack, possibly by the Scattered Spider group using DragonForce malware, has crippled Marks & Spencer's IT systems, halting online orders, disrupting in-store operations, and causing estimated daily losses of millions of pounds.

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What are the immediate financial and operational impacts of the cyberattack on Marks & Spencer?

A sustained cyberattack on Marks & Spencer (M&S), the UK's largest clothing retailer, has caused significant disruption, halting online orders for over a week and impacting in-store operations. The attack, costing millions daily, resulted in manual processes like checking fridge temperatures and led to food waste due to supply chain disruptions.

forbes.com

🌐 75% Global Worthiness

May 3, 04:09

Retail Hiring Shifts Amidst 2025 Tariff Reintroduction

Facing tighter margins and the reintroduction of tariffs in 2025, retailers are slowing corporate hiring while increasing demand for logistics and supply chain leaders, prioritizing mission-critical roles, and leveraging AI and automation to maintain efficiency.

Retail Hiring Shifts Amidst 2025 Tariff Reintroduction

Facing tighter margins and the reintroduction of tariffs in 2025, retailers are slowing corporate hiring while increasing demand for logistics and supply chain leaders, prioritizing mission-critical roles, and leveraging AI and automation to maintain efficiency.

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How has the reintroduction of tariffs in 2025 immediately affected retail hiring strategies?

The reintroduction of tariffs in 2025 has significantly impacted retail hiring. Corporate-level hiring has slowed, with roles being consolidated due to tighter budgets and reduced margins. Conversely, demand for logistics and supply chain leaders is increasing, highlighting the critical need for efficient goods movement.

Showing 49 to 60 of 392 results