(Reuters) – No denying May’s $73 billion rebound in U.S. retail sales was an eye-popper and is the latest fodder to fuel the red-hot “V” vs “U” debate about what kind of recovery to expect from the COVID-19 recession. Even Federal Reserve Chair Jerome Powell, ... More »
LONDON (Reuters) – Long queues of shoppers snaked around stores in England on Monday, with discount fashion retailer Primark proving a particular draw as shops reopened their doors after 83 days of lockdown. Queues formed from early morning outside several bra... More »
BEIJING (Reuters) – China is handing out billions of yuan in shopping coupons to support retailers crushed by the COVID-19 outbreak, but the subsidies are doing little to support the kind of discretionary spending needed to revive the economy. Instead, a big c... More »
SAO PAULO (Reuters) – Brazilian app iFood, which specializes in delivering ready-to-eat meals to consumers in large cities, is looking to expand its services to other areas and plans to increase operations in retail, chief financial officer Diego Barreto said ... More »
PARIS (Reuters) – Last weekend’s anti-government protests resulted in a 17 percent drop in the number of visitors to French shopping centers, said a body representing the French shopping center industry on Monday. Earlier on Monday, both the French Finance Min... More »
WASHINGTON (Reuters) – U.S. retail sales rebounded in March after three straight monthly declines as households boosted purchases of motor vehicles and other big-ticket items, suggesting consumer spending was heading into the second quarter with momentum. The ... More »
FILE PHOTO: Shopping mall Blechen Carre is seen in Cottbus, Germany, January 24, 2018. REUTERS/Axel Schmidt/File Photo BERLIN (Reuters) – German monthly retail sales unexpectedly declined in January, data showed on Friday, in a sign that private consumption ma... More »
A woman shops at a Macy’s department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led... More »
Casper CEO Philip Krim speaks at the Wall Street Journal Digital conference in Laguna Beach, California, U.S., October 17, 2017. REUTERS/Mike Blake NEW YORK (Reuters) – If any industry is in the throes of total disruption right now, it is retail. Some brick-an... More »
FILE PHOTO: An employee is seen behind a glass wall with the logo of Alibaba at the company’s headquarters on the outskirts of Hangzhou, Zhejiang province, April 23, 2014. REUTERS/Chance Chan/File Photo (This story corrects title of Weiwen Han in paragraph 9 f... More »
Japan's retail sales rose in September at the fastest pace in three months as shoppers spent more on clothes and daily goods in a sign that consumer spending remains strong due to a tight labor market. More »
Shares of drug retailers Walgreens Boots Alliance Inc (WBA.O), CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) tumbled on Friday after reports that Amazon.com Inc (AMZN.O) was looking to make a move into selling drugs online. More »
An unexpected helping hand from creditors, landlords and vendors is allowing more U.S. retailers to stay in business following bankruptcy with most of their stores and employees in the fold. More »
A sign directing shoppers to an ALDI Sued grocery store in Unterhaching, Germany May 18, 2017. REUTERS/Michael Dalder German grocery chain Aldi Inc [ALDIEI.UL] said on Sunday it would invest $3.4 billion to expand its U.S. store base to 2,500 by 2022, raising ... More »
A shopper (L) browses for health products in an aisle stocked with vitamin supplements at a Mr Vitamins store in Sydney, Australia, March 9, 2017. REUTERS/Jason Reed Australian retailers and manufacturers are rejigging their business models and reviewing strat... More »
Japanese retail sales rose 1.7 percent in November from a year earlier, government data showed on Wednesday, compared with a median market forecast for a 0.6 percent increase. More »
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) reported another decline in monthly consumer account openings, indicating that the bank is having trouble rebuilding its reputation ... More »
A sign promoting ‘Black Friday’ is seen in the window of a store in Oxford Street, London, Britain November 24, 2016. REUTERS/Peter Nicholls British retailers reported strong online demand in early “Black Friday” trading, as shoppers chased deals in a spending... More »
Shoppers sit with bags in London, Britain August 25, 2016. REUTERS/Neil Hall British consumers ramped up their spending last month but some of the increase was due to higher motor fuel prices and concerns about higher inflation are growing, surveys showed on T... More »
LONDON Retail tycoon Philip Green’s greed and disregard for corporate governance led to the demise of BHS and the loss of 11,000 jobs, a joint parliamentary committee said, calling the collapse of the British stores group “the unacceptable face of capitalism.”... More »
NEW YORK Amazon’s long shadow is falling on retailers previously thought immune to the threat of e-commerce, forcing U.S. fund managers to rethink their approach to consumer stocks by focusing on companies whose businesses cannot be upended by the online giant... More »
MUMBAI Reliance Retail Ltd, the retail business of India’s energy conglomerate Reliance Industries Ltd, said on Saturday it planned a quick roll-out of its newly launched fashion and lifestyle e-commerce business. Reliance Retail, controlled by India’s richest... More »
NEW YORK At some Macy’s outlets this holiday season, shoppers who download the retailer’s app will be able to use their smart phones to guide them through the store to products they’re seeking. At JCPenney, customers will be able to take a snapshot of, for exa... More »
BOSTON Some big U.S. retailers are stepping up efforts to use personal identification numbers, or PINs, with new credit cards embedded with computer chips in a bid to prevent counterfeit card fraud. But they are being resisted by the banking industry, which se... More »
SHANGHAI/HONG KONG The Di Mei shopping center in downtown Shanghai is a surprisingly depressing place to shop. The underground mall is located in one of the most shopping-mad cities in China, and yet it is run down and starved of customers. “Sometimes I cannot... More »
LONDON Hrvoje Prpic is wandering through a fashion boutique trying to pick out a new accessory. Only he’s not actually there. He’s sitting in a trendy London coffee shop wearing a virtual reality headset that he believes could be the future of online shopping.... More »
