Retail Industry News
A collection of Retail latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
2023 Predictions: A UK Retail Rollercoaster
‘Permacrisis' was declared the word of 2022, so what might 2023 bring? There are reasons for cautious optimism here in the UK, but first retailers are going to have to buckle up and brace for more turbulence. Let's briefly recap on retail's…
My Bold Predictions For Retail In 2023 (Part 2)
Earlier this week I shared the first six of my dozen annual retail predictions. Now I'm back with the remaining half dozen, plus three longer-shot prognostications. The hybridization of retail steals the crown from omni-channel. As I often say, I…
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Fashion retailer H&M's profit tumbles more than expected as costs bite
STOCKHOLM, Jan 27 (Reuters) - Sweden's H&M (HMb.ST) reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags. Operating profit in…
S&P downgrades Bed Bath & Beyond, says beleaguered retailer has 'insufficient funds' to repay its financial obligations
S&P Global Ratings downgraded Bed Bath & Beyond Inc.'s credit Friday, a day after the beleaguered retailer said it was in default on loans that have been called in. The default filing sent Bed Bath & Beyond's BBBY stock plunging, although it…
5 Sales and Marketing Trends for 2023 You Must Know
The world of sales and marketing is constantly changing, so staying on top of the latest trends is important. This article will look at five sales and marketing trends for 2023 that you need to be aware of. With the proper knowledge, you can…
PREDICTIONS How the sustainability agenda looks set to develop for retailers and brands - Internet Retailing
Each year, InternetRetailing looks ahead to the coming year in a series of predictions. Today's predictions explore what a range of industry members are thinking about sustainability and how that will develop in 2023 The importance of reflecting…
Fashion retailer H&M's profits tumble as costs bite, Retail News, ET Retail
Fashion retailer H&M's profits were almost wiped out in the September-November quarter by soaring costs, which the Swedish company held back from passing on in full to cash-strapped customers. The world's second biggest fashion chain, which raised…
Smart wearables demand likely to remain strong in 2023, Retail News, ET Retail
New Delhi: Smart wearables technology is ever-evolving in order to cater to consumers' dynamic needs and enable them with industry-leading innovations. With the new-age technology and the introduction of 5G, data-driven insights will become…
Inflation Easing,current A/c Deficit Manageable: Das, Retail News, ET Retail
Mumbai: RBI governor Shaktikanta Das has said that inflation has started to soften, and the current account deficit was “eminently manageable” and within viability parameters. According to Das, the global economy is projected to…
Data Science in Various Industries: Exploring the Different Uses
Data science is a rapidly growing field that is used in a wide range of industries to extract insights from data and improve decision-making. In this article, we will explore the different uses of data science in various industries, including…
Govt clears 15 R&D textile projects in strategic areas, Retail News, ET Retail
The 5th Mission Steering Group chaired by Union minister Piyush Goyal on Friday cleared 15 R&D projects worth around Rs 32.25 crore in key strategic areas such as speciality fibre, protective textiles, high-performance textiles, geotextiles…
DSF boost to Dubai economy as retail rules the roost
Updated Jan 27, 2023 | 05:09 PM IST Over 2000 outlets throughout the city will be home to over 500 businesses' spectacular sales from January 27 to January 29 on a wide range of products. The final sale currently on-going, provides customers a…
'Galling situation' as fuel retailers refuse to pass on wholesale price drops
F uel retailers failed to fully reflect huge falls in wholesale costs, with drivers of diesel vehicles suffering the most, according to new analysis. The RAC said wholesale diesel costs plummeted by 32p per litre in the eight weeks to December 11…
Brands Take the Wheel: Why the Next Industrial Revolution will be AI-Driven - Retail TouchPoints
David versus Goliath: a classic tale as relevant today as it was ages ago, and one which is evergreen within the ecommerce space, where small-to-medium businesses (SMBs) battle the odds of their larger competitors every single day. Like any good…
Costcutter owner Bestway buys Sainsbury's stake, Retail News, ET Retail
Retail group Bestway, the owner of Costcutter, has built a 3.45% stake in Sainsbury 's, describing the move as an investment and not a step towards making a takeover offer for Britain's second largest supermarket group. Sainsbury's shares were up…
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