Tag #Retail

repubblica.it
🌐 75% Global Worthiness
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Marca 2025: Record Growth and Global Expansion in Private Label

The 21st edition of Marca, a private label trade show, will take place in Bologna, Italy from January 14-16, 2025, featuring 1300 companies (+23% from 2024) across 35,000 square meters (+26%), with international buyers and events focusing on sustainability.

Progress

48% Bias Score

Responsible Consumption and Production
edition.cnn.com
🌐 65% Global Worthiness
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Kohl's to Close 27 Stores Amidst Profitability Struggles

Kohl's is closing 27 underperforming stores across 13 states by April to improve profitability, a move by outgoing CEO Tom Kingsbury amidst declining sales and following similar actions by Macy's.

Progress

48% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 75% Global Worthiness
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Walgreens Reports $265 Million Quarterly Loss Amidst Turnaround Efforts

Walgreens Boots Alliance reported a $265 million first-quarter loss, despite a 7.5% sales increase to $39.5 billion driven by higher pharmacy sales; the company is undergoing a turnaround focused on footprint optimization and healthcare expansion.

Progress

8% Bias Score

Decent Work and Economic Growth
lemonde.fr
🌐 65% Global Worthiness
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French Retailer Expresses Concern Over Online Shopping's Impact

Dominique Nizan, owner of three clothing boutiques in Rochefort, France, reports a significant decline in sales, blaming the rise of online shopping and changing consumer habits despite a festive atmosphere in the city.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 65% Global Worthiness
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Guess Stock Underperforms Amidst Mixed Regional Results and Margin Pressure

Guess stock (GES) has fallen 40% year-to-date, closing at $14 on December 30, underperforming the S&P 500, despite a 13% increase in its peer Gap's stock. This is attributed to mixed regional performance, margin pressure, and repeated downward guidance revisions.

Progress

44% Bias Score

Decent Work and Economic Growth
forbes.com
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Contrasting Holiday Results for Retailers: Lululemon Soars, Abercrombie Falls

Lululemon and Abercrombie & Fitch reported better-than-expected holiday sales, raising their fourth-quarter outlooks; however, Abercrombie's stock fell due to investor concerns about slowing growth, while Macy's disappointing results led to a stock drop exceeding 6%.

Progress

32% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 75% Global Worthiness
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Walgreens Beats Q1 Expectations Amidst Restructuring

Walgreens reported exceeding first-quarter expectations with $39.46 billion in revenue and 51 cents adjusted EPS, driven by cost-cutting and store closures despite facing reimbursement pressure, weak consumer spending, and challenges in its primary care expansion; the company plans to close 1,200 st...

Progress

40% Bias Score

Decent Work and Economic Growth
news.sky.com
🌐 75% Global Worthiness
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UK Grocery Prices to Surge 4.2% Due to Budget Tax Hikes

UK grocery prices are expected to rise by 4.2% in the latter half of 2024 due to budget tax increases, impacting household budgets already strained by rising costs; retailers like Tesco anticipate significant financial effects.

Progress

56% Bias Score

Zero Hunger
cnbc.com
🌐 75% Global Worthiness
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Costco Stock Surges 39% in 2024, but Renewal Rates Pose a Risk

Costco's stock price increased by nearly 39% in 2024, exceeding market performance due to strong customer traffic, membership growth, and successful private label expansion; however, future growth depends on maintaining membership renewal rates and successful global expansion.

Progress

48% Bias Score

Reduced Inequality
bbc.com
🌐 65% Global Worthiness
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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

Reduced Inequality
german.china.org.cn
🌐 85% Global Worthiness
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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

Decent Work and Economic Growth