Retail

Grocery price rises turn up heat on consumers, research shows

British grocery price inflation was 2.1% in the four weeks to Oct. 31, its highest level since August 2020, market researcher Kantar said on Tuesday, adding to the pressure on household finances.…

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Debenhams’ future in doubt after takeover talks collapse

The future of struggling British department store chain Debenhams is in doubt after JD Sports Fashion said on Tuesday it would not pursue a rescue takeover. "JD Sports Fashion...confirms that discussions…

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Italian retail sales drop by 2.2% in July

Italian retail sales fell 2.2% in July from the month before, data showed on Tuesday, following a 10.2% rise in June. National statistics institute ISTAT revised down June's data from…

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Belgian shops unable to sell summer sale stocks

Belgian shops have not been able to sell their clothing stock following the summer sales – brought forward to August this year due to corona-virus measures impacting the sector. The…

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Microsoft forms global strategic partnership with customer data science experts to transform retail sector

Microsoft has formed a global strategic partnership with dunnhumby, the leader in customer data science, in a move that could transform the $5.9 trillion retail sector. As part of the…

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House of Fraser to close more than half its UK stores

House of Fraser is to close more than half its UK stores, putting a further 6,000 jobs at risk and dealing another hammer blow to the high street. The move…

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Supermarkets might be forced to ban ‘guilt lanes’ in the UK to fight obesity

You're done with your shopping in the supermarket and waiting impatiently for your turn. You're hungry and there lies the temptation, a rack full of sweets and chocolates. The temptation…

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Nestle pays €7.15 billion to sell Starbucks

Nestle and Starbucks announced that the former will pay Starbucks $7.15 billion (5.3 billion pounds) in cash for the rights to sell the U.S. coffee chain’s products around the world,…

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