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Deliveroo losses soar to £147m as cost of living crisis bites: Food delivery company also announces that Next boss Simon Wolfson has quit its board
theguardian.com/business/2022/aug/10/deliveroo-losses-cost-of-living-crisis-simon-wolfson
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Deliveroo losses soar to £147m as cost of living crisis bites: Food delivery company also announces that Next boss Simon Wolfson has quit its board
theguardian.com/business/2022/aug/10/deliveroo-losses-cost-of-living-crisis-simon-wolfson
Two bidders in talks to buy German retail giant Galeria: The insolvency manager of German department store giant Galeria Karstadt Kaufhof said on Tuesday it will ...
reuters.com/markets/deals/two-bidders-talks-buy-german-retail-giant-galeria-2024-03-26/
Quick Glance: Wife of Baltimore bridge collapse survivor reveals workers' situation during tragedy
- The wife of a construction worker who survived the Francis Scott Key Bridge collapse describes it as a miracle that he survived as he cannot swim.
- Julio Cervantes was one of eight construction workers on the bridge when the Dali cargo ship crashed into a support pillar, causing the bridge to collapse into the Patapsco River.
- Search teams successfully located two individuals in the Port of Baltimore related to the bridge collapse incident.
- President Joe Biden has committed to rebuilding the bridge promptly, with the National Transportation Safety Board conducting an investigation into the incident.
Ex-Minnesota Gov. Jesse Ventura says he will sell cannabis edibles: Former Minnesota Gov. Jesse Ventura has announced he is entering the cannabis market as a ...
apnews.com/article/jesse-ventura-minnesota-cannabis-marijuana-edibles-19f23b681f71e8962a126854de7d7911
Dollar Tree to increase max price in stores to $7, reports higher income shoppers
usatoday.com/story/money/retail/2024/03/25/dollar-tree-7-dollars-price-increase/73099172007/
Quick Glance: Dollar Tree Increases Max Price to $7, Attracts Higher Income Shoppers
- Dollar Tree plans to raise the price cap in its stores to $7 as announced in a quarterly report in March.
- The demographics of Dollar Tree customers trend towards higher income brackets, with an increasing proportion of individuals earning over $125,000 per year.
- The company intends to close approximately 600 locations under the Family Dollar brand this year, as well as an additional 400 locations over the coming years.
- Dollar Tree opened 641 new stores in the previous fiscal year and currently operates 16,774 stores across 48 states and five Canadian provinces.
S.Korea Feb factory output rises most in six months, retail sales drop: South Korea's factory production rose in February by the fastest pace in six months ...
reuters.com/markets/asia/skorea-feb-factory-output-rises-most-six-months-retail-sales-drop-2024-03-28/
Home Depot is buying a roofing company for $18 billion — its biggest deal ever: The retailer says its total addressable market is now about $1 trillion
qz.com/home-depot-is-buying-a-roofing-company-1851371426
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Ocado Retail sales rise as sharper prices win more customers: British online supermarket Ocado Retail said a focus on sharper prices helped it win more customers ...
reuters.com/business/retail-consumer/ocado-retail-quarterly-sales-up-106-it-wins-more-customers-2024-03-26/
Shocking moment Deliveroo rider is stabbed by robber on busy street: Lewis Livingstone, 19, launched the unprovoked attack after spotting the courier cycling in ...
metro.co.uk/2024/03/28/shocking-moment-deliveroo-rider-stabbed-robber-busy-street-20548975/
German retail sales fall unexpectedly in February: German retail sales unexpectedly fell in February, data showed on Thursday, quashing hopes that private ...
reuters.com/markets/europe/german-retail-sales-fall-unexpectedly-february-2024-03-28/
Nordstrom, Macy's deals could put private ownership back in vogue for US retailers
reuters.com/business/retail-consumer/nordstrom-macys-deals-could-put-private-ownership-back-vogue-us-retailers-2024-03-19/
Quick Glance: Nordstrom's Founding Family Seeks to Privatize US Retailer
- The Nordstroms are considering taking the US retail company private.
- Nordstrom has tasked investment banks to assess private equity firms' interest.
- Nordstrom's stock price surged 12% on the news.
- Investment firms are also pursuing the privatization of Macy's.
Shein’s fast fashion comes with fast-finance risks: For a sign of how the internet has changed the way consumers shop for clothes, consider the “Shein haul ...
reuters.com/breakingviews/sheins-fast-fashion-comes-with-fast-finance-risks-2024-03-28/
Pentagon integrates Motus Commercials to streamline operations: Pentagon Motor Group has taken on the LCV business of Motus Commercials, in order to strengthen ...
motortrader.com/motor-trader-news/automotive-news/pentagon-integrates-motus-commercials-streamline-operations-27-03-2024
America's retailers are dealing with a tangled mess: A slew of quarterly earnings reports have highlighted too many stores, too much product ...
qz.com/target-walmart-best-buy-retail-inflation-stores-closing-1851340095
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Shell is quadrupling the size of its EV charging network while getting rid of 1,000 retail locations
qz.com/shell-ev-charging-network-upgrade-1851349347
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Best Buy and other retailers started 2024 by closing stores. They're not done, analysts say
qz.com/best-buy-macys-foot-locker-closing-stores-retail-1851340359
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Quick Glance: Retailers Strategize Closures and Adaptations Amid Inventory Challenges
- Retailers are facing the need to close physical stores due to excess inventory to ensure success. Analysts predict ongoing closures in various retail categories.
- Best Buy, Macy's, and Foot Locker are among the retailers announcing store closures to realign their strategic focus. Best Buy shifts towards smaller stores, Macy's focuses on upscale locations, and Foot Locker reacts to profit setbacks.
- Retailers are optimizing operations with fewer stores. Best Buy introduces smaller-format stores, Macy's emphasizes upscale locations, and Foot Locker responds to financial losses.
- Retailers like Dollar Tree and Dollar General adjust strategies based on customer needs, tackling challenges such as labor shortages and theft. Adaptations are made to stay competitive in the evolving retail landscape.
UK retail sales show no change in February - ONS: British retail sales unexpectedly held steady in February after rising by a revised 3.6% January ...
reuters.com/world/uk/uk-retail-sales-stagnated-february-ons-2024-03-22/
440,500 Starbucks mugs recalled after a dozen people hurt: List of recalled mugs: The mugs were sold in the United States at Target, Walmart and military retail ...
usatoday.com/story/money/2024/03/21/starbucks-mugs-recalled/73051711007/
Walmart wants more wealthy shoppers: The retail giant is making renovations to its sales floors and its assortment of brands
qz.com/walmart-wealthy-shoppers-1851355757
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Climbing Inflation: The Bloomberg Close, Americas Edition: Good afternoon. Here’s what you need to know to end your day.
bloomberg.com/news/newsletters/2024-03-14/climbing-inflation-the-bloomberg-close-americas-edition
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Dollar General flags margin hit as consumers shift to essentials: Dollar General said on Thursday it expects its margins to come under pressure as shoppers ...
reuters.com/business/retail-consumer/dollar-general-projects-2024-profit-below-estimates-costs-pinch-2024-03-14/
Quick Glance: Dollar General Closes Briefly as Entire Staff Quits Over Overwork, Lack of Appreciation
- A Dollar General store in Wisconsin was forced to briefly shut down after its entire workforce quit, citing seven-day workweeks and a “lack of appreciation.”
- The store manager and six other employees left, leaving a sign on the door thanking customers and explaining the reasons for their departure.
- Issues of food waste and donation policies were also raised by the former staff, highlighting discrepancies between company policies and actual practices.
- Despite a three-hour closure, Dollar General swiftly addressed staffing issues and reopened the store, emphasizing a commitment to employee well-being and customer service.
China's upbeat industrial output, retail sales tempered by frail property: China's factory output and retail sales beat expectations in the January-February ...
reuters.com/markets/asia/china-jan-feb-industrial-output-retail-sales-beat-expectations-2024-03-18/
Cheerios maker General Mills tops quarterly estimates on higher product prices: General Mills topped market expectations for third-quarter sales and profit on ...
reuters.com/business/retail-consumer/general-mills-posts-smaller-than-expected-drop-quarterly-sales-2024-03-20/
South African rand flat ahead of inflation, retail sales data: South Africa's rand was flat early on Wednesday as investors awaited inflation and retail sales ...
reuters.com/markets/south-african-rand-flat-ahead-inflation-retail-sales-data-2024-03-20/
5 ways McDonald's, Walmart, and other retailers are getting creative to reach consumers
qz.com/mcdonalds-walmart-target-walgreens-cvs-ikea-retail-1851345727
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Walgreens beat Wall Street's earnings expectations but warned of a 'challenging retail environment'
qz.com/walgreens-earnings-stock-profit-retail-1851371026
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Big brands could pivot easily if TikTok goes away. For many small businesses, it's another story
omaha.com/news/nation-world/business/tiktok-future-business-owners/article_fbaad095-c0c2-5256-ab64-aed3f5804bd4.html
Deliveroo rider bites off Aldershot customer's thumb: Jenniffer Rocha, who was delivering a pizza, attacked the customer near his home in Aldershot.
bbc.com/news/uk-68558464
China’s new retail and industrial data beat expectations — but signs still point to trouble ahead
qz.com/china-retail-industrial-data-economy-real-estate-1851343586
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Dollar General is rolling back self-checkout in thousands of stores: Dollar General is the latest retailer to backtrack on self-checkout.
richmond.com/news/nation-world/business/dollar-general-self-checkout/article_9003e0b2-0bb3-5716-848f-986ea9704f63.html
Apple CEO Tim Cook visits Shanghai amid a slowdown in China iPhone sales: Apple's Tim Cook is on a visit to Shanghai ahead of the opening of a new retail store ...
cnbc.com/2024/03/20/apple-ceo-tim-cook-visits-shanghai-amid-a-slowdown-in-china-iphone-sales.html
Marks & Spencer confirms closure of Doncaster city centre store with expanded outlet set to open
doncasterfreepress.co.uk/news/marks-spencer-confirms-closure-of-doncaster-city-centre-store-with-expanded-outlet-set-to-open-4562226
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Podcast - Successfully implementing self-checkout systems in food retail - with Patrick Kruschinski from Snabble
lebensmittelpraxis.de/zentrale-management/39686-podcast-selfcheckout-systeme-im-leh-erfolgreich-umsetzen-mit-patrick-kruschinski-von-snabble.html
Next cheers retail sector with bumper profits and talk of falling prices: Shares hit new high as chain says consumer backdrop is improving and ‘feels like it is ...
theguardian.com/business/2024/mar/21/next-cheers-retail-sector-with-bumper-profits-and-talk-of-falling-prices
'Madness': Trader Joe's mini tote bags reselling for up to $500 amid social media craze
usatoday.com/story/money/2024/03/11/trader-joes-mini-tote-bags/72930134007/
Quick Glance: 'Craze': Trader Joe's Mini Tote Bags Fetching Up to $500 Due to Social Media Frenzy
- The viral Trader Joe's mini tote bags are being resold online for up to $500 due to social media hype causing the low-priced item's market value to soar.
- The mini tote bag retails for $2.99 and is 'made of the same heavy-duty, 65% cotton/35% polyester blend' as Trader Joe's larger classic canvas bags.
- Trader Joe's released a statement about their products being sold by third-party resellers.
- Customers who missed out on getting a bag initially will have another opportunity as they return to stores in late summer.
Zara owner Inditex climbs to all-time high as 2023 sales jump 10%: Shares of Zara owner Inditex rose to an all-time high on Wednesday after the company announced ...
cnbc.com/2024/03/13/zara-owner-inditex-climbs-to-all-time-high-as-2023-sales-jump-10percent.html
Pat Kirk Nissan adds van centre to site: The Pat Kirk Nissan dealership in Omagh, County Tyrone, has added a van centre to its site. This addition is the ...
motortrader.com/motor-trader-news/automotive-news/pat-kirk-nissan-adds-van-centre-site-12-03-2024
EU states agree to regulate Deliveroo, Uber workers' rights: EU ministers have agreed that the bloc should regulate the circumstances under which "gig ...
dw.com/en/eu-states-agree-to-regulate-deliveroo-uber-workers-rights/a-68495444
Is the $139 Amazon Prime Subscription Still Worth It?: Over the past half decade, fees have crept up—while perks have gone away.
wsj.com/tech/personal-tech/is-the-139-amazon-prime-subscription-still-worth-it-83a597c7
Dollar Tree to Close About 1,000 Stores, Books Over $2 Billion in Charges: The dollar-store operator’s earnings in the holiday quarter were wiped out by billions ...
wsj.com/business/retail/dollar-tree-books-more-than-2-billion-in-charges-plans-to-close-about-600-stores-in-first-half-47ae9b94
Retailers turn to steep discounts to lure shoppers as consumer spending underwhelms
straitstimes.com/business/retailers-turn-to-extreme-bargains-to-lure-shoppers-as-consumer-spending-underwhelms
The numbers show Walmart is America's grocery king: Walmart is the biggest grocery retailer in the US by a long shot. Americans spent $264 billion on Walmart ...
businessinsider.com/walmart-grocery-sales-us-compared-kroger-albertsons-2024-3
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You can still buy a sofa for $399 — here’s why you may not want to: Over time, home furnishings have experienced a decline in quality. Here's how to find pieces ...
cnbc.com/2024/03/11/you-can-still-buy-a-sofa-for-399-heres-why-you-may-not-want-to.html
Retail sales flatline as wet weather dampens demand: Online spending was up last month as heavy rainfall put off many from heading out to the high street ...
news.sky.com/story/retail-sales-flatline-as-wet-weather-dampens-demand-13099657
drugstore chain - DM tests unpackaged stations: Nuts, lentils, spelled pasta, muesli or coffee: In 15 selected DM stores in Hesse, North Rhine-Westphalia and ...
lebensmittelpraxis.de/handel-aktuell/39633-drogeriekette-dm-testet-unverpackt-stationen.html
Apple is opening a new store in China after iPhone sales tanked to start 2024: The new location in Shanghai, Apple Jing'an, will be the tech giant's 47th in the ...
qz.com/apple-store-shanghai-china-iphone-sales-1851324521
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Yoon makes history, confirmed as Western District judge: She will be the first Asian American jurist in the state and the first person of color to be a judge in ...
richmond.com/news/state-regional/yoon-makes-history-confirmed-as-western-district-judge/article_1e300b40-9109-519b-8d8d-e73f4b3e0f4e.html
EU members endorse diluted draft rules on rights for gig workers: Europe moved a step closer to giving so-called gig economy workers at online platforms such as ...
reuters.com/world/europe/eu-countries-back-draft-rules-gig-workers-rights-2024-03-11/
UK's Next says Red Sea disruption won't prompt sourcing re-think: Disruption to shipments in the Red Sea will not prompt British clothing retailer Next into a ...
reuters.com/business/retail-consumer/uks-next-says-red-sea-disruption-wont-prompt-sourcing-re-think-2024-03-21/
Last minute Mother’s Day 2024 gifts, flowers and cards: If you forgot to get your mum a present for Mother's Day, these gifts - from flowers to cards - can ...
metro.co.uk/2024/03/10/last-minute-mothers-day-2024-gifts-flowers-cards-20434308/
Deliveroo plc (DROOF) Q4 2023 Earnings Call Transcript: Deliveroo plc (OTCPK:DROOF) Q4 2023 Earnings Conference Call March 14, 2024 5:00 AM ETCompany ...
seekingalpha.com/article/4678236-deliveroo-plc-droof-q4-2023-earnings-call-transcript
Boots orders support staff back into office five days a week from September: Retail chain’s boss declares office a ‘much more fun and inspiring place’ with ...
theguardian.com/business/2024/mar/08/boots-orders-support-staff-back-into-office-five-days-a-week-from-september
CVS and Walgreens will soon sell birth control pills over the counter: Pharmacy retail giants are about to start selling the contraceptive pill Opill
qz.com/opill-birth-control-walgreens-cvs-1851305208
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Samara, Amazon-backed More Retail stake sale gets lukewarm response: Samara Capital: The joint venture was looking to raise funds at $2 bn valuation
business-standard.com/companies/news/samara-amazon-backed-more-retail-stake-sale-gets-lukewarm-response-124030600994_1.html
Costco stock set for worst day in near two years on quarterly revenue miss: Costco's shares were down over 7% on Friday and set for its worst day since May 2022 ...
reuters.com/business/retail-consumer/costco-stock-set-worst-day-near-two-years-quarterly-revenue-miss-2024-03-08/
Bye, department stores. Hello, AI. Is what's happening to Macy's and Nvidia a sign of the times?
usatoday.com/story/money/2024/03/07/macys-store-closing-nvidia-stock-changing-market/72759737007/
Auto retail sales jump 13%, PV sales scale record high in February: PV sales moved up by 12 per cent to 330,107 units as compared to 293,803 units in February ...
business-standard.com/industry/auto/auto-retail-sales-jump-13-pv-sales-scale-record-high-in-february-124030700151_1.html
Used car finance powers ahead in contrast to 'weak' retail market: The consumer used car finance market in February saw its first growth in new ...
motortrader.com/motor-trader-news/automotive-news/used-car-finance-powers-ahead-contrast-weak-retail-market-08-03-2024
Collective bargaining - Schwarz Group also voluntarily pays more: In view of the ongoing collective bargaining in the retail sector, the companies of the Schwarz ...
lebensmittelpraxis.de/handel-aktuell/39615-einzelhandel-neue-tarifanpassung-bei-der-schwarz-gruppe.html
32nd German Meat Congress - Impressions from Petersberg: Meat star 2024
lebensmittelpraxis.de/handel-aktuell/39499-tagung-und-preisverleihung-impressionen-vom-lp-fleischkongress.html
Macy’s Stores Aren’t Fun Places to Shop. Its New CEO Wants to Fix That : Tony Spring aims to turn around the flagging retail chain. He understands ‘retailing is ...
wsj.com/business/retail/macys-stores-arent-fun-places-to-shop-its-new-ceo-wants-to-fix-that-5614f4c7
Quick Glance: Macy's CEO Revolutionizing Shopping Experience
- Macy's new CEO, Tony Spring, is drawing on his hospitality training to turn around the department-store chain.
- Spring uses food metaphors to emphasize the impact of small details.
- He is fighting off investors pushing to control the 166-year-old retailing empire.
Hong Kong Retail Investors Are Missing Out on Returns: Retail investors are missing out on returns because of the government’s overly stringent protection.
bloomberg.com/opinion/articles/2024-03-03/hong-kong-retail-investors-are-missing-out-on-returns
New EV 'price war' is hitting used values says Autovista economist: The new and used car markets are returning to pre-pandemic dynamics more quickly ...
motortrader.com/motor-trader-news/automotive-news/new-ev-price-war-hitting-used-values-says-autovista-chief-28-02-2024
Amazon to replace Walgreens in Dow Jones Industrial Average: Amazon is set to join the Dow Jones Industrial Average, replacing Walgreens Boots Alliance effective ...
reuters.com/business/retail-consumer/amazon-set-join-dow-jones-index-2024-02-20/
The 20 worst states for shopping: The least attractive place to go shopping has a combined sales tax rate of 9.563%.
accountingtoday.com/list/the-20-states-with-the-worst-combined-state-and-local-retail-sales-tax-rates
Canada’s December retail sales grew by 0.9% in December from November but likely declined at the start of this year, Statistics Canada said
reut.rs/4bK17Nt
‘Every package carries a hidden cost’: is it better for the environment to shop online or in-store?
theguardian.com/lifeandstyle/2024/feb/27/reduce-carbon-footprint-clothes-shopping-online-or-retail
Amazon to replace Walgreens in Dow Industrial Average next week: The change will give investors greater exposure to consumer retail, as well as cloud ...
cnbc.com/2024/02/20/amazon-to-replace-walgreens-in-dow-industrial-average-on-february-26.html
Commentary: Body Shop collapse shows that ‘ethical’ branding is not a free pass to commercial success
channelnewsasia.com/commentary/body-shop-uk-business-administration-ethical-branding-consumers-4128031
Here’s what the Starbucks of the future looks like: Starbucks has revealed a new design for its cafes that is a “more accessible store experience ...
cnn.com/2024/02/17/food/starbucks-accessible-store-design/
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Deliveroo and Uber Eats riders strike on Valentine's Day: The action, affecting firms such as Deliveroo and Uber Eats, is in a dispute over pay and conditions.
bbc.com/news/business-68274158
Costco cuts prices on berries, batteries as inflation slows: Costco has cut some prices already in 2024, such as on frozen berries and reading glasses ...
businessinsider.com/costco-cuts-prices-on-berries-batteries-as-inflation-slows-2024-3
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Consumers are tired of inflation. But some retailers fear falling prices: Deflation could put pressure on retailers and brands to drive more volume ...
cnbc.com/2024/02/25/inflation-vs-deflation-retailers-fear-falling-prices.html
Macy’s to Close 150 Stores in Latest Turnaround Bid: The retailer will focus on upgrading its remaining locations and opening smaller versions of its namesake ...
wsj.com/business/retail/macys-closing-stores-earnings-report-83721a8d
Retail H2 stations close in California while H2 heavy trucking expands: Hydrogen still makes sense for fixed-route heavy vehicles—but not passenger cars.
arstechnica.com/cars/2024/02/retail-h2-stations-close-in-california-while-h2-heavy-trucking-expands/
Nikkei charges toward all-time high, dollar under pressure: Japan's Nikkei charged toward an all-time high on Friday, helped higher by a buoyant Wall Street ...
reuters.com/markets/global-markets-wrapup-1-2024-02-16/
Delivery riders to strike again as takeaway volumes fell during last walkout: Strikes are to continue if demands aren't met, a group of riders have said.
news.sky.com/story/delivery-riders-to-strike-again-as-takeaway-volumes-fell-during-last-walkout-13077907
UK economy in recession as households cut spending: GDP fell 0.3% in three months to December after collapse in retail sales in run-up to Christmas
theguardian.com/business/2024/feb/15/uk-recession-consumers-cut-spending-gdp
UK shoppers pick up their spending, signalling quick end to recession: British retail sales jumped by the most in almost three years in January as consumers ...
reuters.com/business/retail-consumer/uk-retail-sales-rise-by-more-than-expected-34-january-ons-2024-02-16/
Chip shop named the best in Wales: The popular takeaway is no stranger to award nominations
walesonline.co.uk/whats-on/food-drink-news/cardiff-chippy-thats-just-been-28672327
Union Square once was center of San Francisco. Now it’s off the map: Union Square once was the center of San Francisco. Now the famed retail district is off the ...
sfchronicle.com/sf/article/union-square-macys-18693950.php
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Are People Who Read Magazines Without Paying ‘Stealing’ Their Content?: The magazine’s Ethicist columnist on bookstore etiquette.
nytimes.com/2024/02/21/magazine/barnes-noble-magazines-stealing-ethics.html
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