Finance News – Retail Sector
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Asda faces another hefty fine for selling expired food in stores
The substantial penalties imposed on Asda for repeatedly offering products past their sell-by date highlight significant financial risks associated with non-compliance to food safe...
Read Full Article →As much as £5bn needed to revive UK’s struggling high streets, study finds
An estimated £5 billion investment is required to improve economic activity in UK town centers, as lower business taxes alone have not sufficiently boosted consumer spending in dis...
Read Full Article →Morrisons taps Google’s Gemini AI to solve the supermarket scavenger hunt
By implementing an AI-driven product locator developed with Google Cloud, Morrisons aims to enhance customer experience and potentially increase sales through improved in-store nav...
Read Full Article →Shoplifting hits record high in Germany: Are criminal gangs behind it?
In 2024, theft-related losses in Germany’s retail industry reached nearly €3 billion, significantly impacting businesses and reducing tax income for the federal government, with or...
Read Full Article →Aldi drops its own price bomb in supermarkets’ targeted price attacks
Aldi’s strategic price reductions aim to attract high-volume shoppers, reflecting broader retail efforts to balance customer affordability with competitive positioning in a challen...
Read Full Article →Retail Sales Rose in May, But Trade Group Warns of Spending Shift
Despite the increase in consumer purchases last month, industry experts caution that changes in buying patterns could impact overall economic growth and future revenue streams for...
Read Full Article →Tesco is tightening its grip on the UK supermarket crown
Tesco’s recent quarterly performance, marked by increased food and non-food sales, has strengthened its position in the UK grocery market, reflecting ongoing revenue growth amid in...
Read Full Article →American Eagle Outfitters Posts Larger-Than-Expected Q1 Loss
American Eagle Outfitters reported a first-quarter financial result that exceeded anticipated losses, indicating increased challenges in revenue and expenses compared to previous f...
Read Full Article →UK grocery inflation jumps to highest level in 15 months
The recent surge in grocery prices, influenced by higher costs of popular items, is leading consumers to seek discounts and own-brand alternatives to cope with tighter household bu...
Read Full Article →TJ Maxx, Target Execs Say They're Poised to Offset Nearly All the Impacts of Tariffs
Executives from TJ Maxx and Target expressed confidence in their ability to mitigate most of the financial challenges posed by recent tariff changes through strategic adjustments a...
Read Full Article →Inside the secretive world of Zara
Zara's efficient supply chain and rapid production turnaround have played a key role in its strong market position and consistent profitability within the competitive fashion indus...
Read Full Article →Why Target is losing out against competitors Walmart and Costco
Target’s recent operational challenges and changes in diversity and inclusion policies have impacted customer loyalty, resulting in increased market share for competing retailers s...
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