Category: retailers
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UK retailers call on government to end China’s tax-free advantage
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A group of British retailers urged the ministers to follow Donald Trump’s progress in canceling a tax vulnerability that allows Chinese e -commerce platforms such as Shein and Temu to avoid customs duties. He argues prominent characters including Theo Paf inflammation, Julian Dunkercton, Toyki Soliman and Harold Telman that the…
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EU set to tighten customs checks for online retailers in crackdown on unsafe goods
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Online platforms, including China and TEMU, are restored to more rigorous customs controls after the European Commission pledged to stop the flow of what you call “dangerous products” to the European Union markets. Many billions of low -value goods that reach every year are not compatible with the bloc regulations,…
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West End retailers warn of shop closures as business rates surge
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Retailers in London’s West End have warned that new business rates reforms could lead to store closures and job losses, as the prime shopping district faces a collective £44.5 million rise in property bills next year. New West End, which represents 600 retail, hospitality and leisure businesses in the area,…
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Food inflation poised to jump above 4% as levies and wage rises weigh on retailers
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Food price inflation is expected to rise to more than 4 per cent this year, in a sharp reversal of a recent trend of slowing shop prices, the British Retail Consortium (BRC) has warned. According to forecasts by the lobby group, prices in supermarkets will rise by an average of…
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Festive golden quarter falls short for UK retailers as shoppers hold back
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Britain’s retailers were dealt another blow after budget-conscious consumers reined in their Christmas spending, disappointing hopes for a bumper festive season and leaving the ‘golden quarter’ with only weak growth. Figures from the British Retail Consortium (BRC) and retail sales watchdog KPMG show that overall sales rose by just 0.4…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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High street retailers face bleak festive season amid tax hikes and rising costs
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High street retailers are bracing for a tough Christmas trading period, as rising taxes and rising costs raise concerns about the viability of many businesses in town and city centres. A recent report from consultancy BDO revealed that in-store sales in October grew by just 1.7% compared to the previous…
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Equal pay lawsuits threaten to cost retailers millions as legal pressure mounts
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Some of Britain’s biggest retailers face the prospect of paying millions in damages due to a wave of equal pay lawsuits, many of which are underpinned by controversial litigation funding arrangements. Last month saw the latest development in a long-running legal case against Asda, with tens of thousands of employees…
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Fed’s Goolsbee: Retailers stockpiled ahead of the dockworker strike
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A strike by dockworkers was expected, and retailers stocked up Retailers have about two weeks of extra inventory, and there will be an impact after that The dockers’ strike may have impacts on the supply chain, which could mean some price increases We have succeeded in reducing the inflation rate…
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Wet weather drives UK retailers to slash prices in September
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UK retailers have announced the biggest drop in store prices in three years, as unseasonably wet weather in September prompted stores to offer deep discounts in a bid to attract shoppers. According to the latest figures from the British Retail Consortium (BRC) and NielsenIQ, shop prices fell by 0.6% year-on-year,…
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UK Retailers Enjoy 40% Boost in Summer Sales as Price Cuts Drive Demand
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According to data from e-commerce marketing platform Omnisend, retailers across the UK saw a 40% increase in product sales during the summer of 2024. This rise came after a busy sales season in June, July and August, with 237,000 additional sales recorded compared to the same period in 2023. Total…
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We used AI to analyze 24 years of retailers’ SEC disclosures—and found the one factor that would have doubled investor returns
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Jeffrey B. Wenger is director of the RAND Lowy Family Middle Class Pathways Center. George Zhou, an applied microeconomist, works at the RAND Corporation to research policies that close economic, educational, and health disparities in the United States. As economists, we’re often asked for stock tips and guides on how…
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Retailers on one side and Nvidia on the other – Earnings Scorecard
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Half the spotlight this week was shared with retailers on one side, and then there was Nvidia (NVDA), the market driver, on the other. Let’s quickly recap some of the important findings reported this week in the aftermath First quarter earnings season. Fifteen companies included in the Standard & Poor’s…
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Target’s price-lowering gambit is seen as a long-term winner. Will retailers follow?
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Joe Raedle/Getty Images News Goal (New York Stock Exchange: TGTIt shook the retail sector on Monday by announcing that it would cut prices on thousands of items in high-frequency categories such as food, beverages and household essentials. The retail giant estimated that the pricing measures would save customers Millions This…
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Shoplifting crackdown: Retail theft ring targeting Macy’s, other retailers busted
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Andrei Popov Manhattan authorities have cracked down on a local cosmetics retailer for allegedly running a retail theft fencing operation, charging him and his owners with three counts of criminal possession of stolen property. Investigators raided the store and two of it storage units, and found more than $1 million…