APPA

European retailers scramble to keep prices low to attract struggling shoppers

European retailers scramble to keep prices low to attract struggling shoppers

LONDON, Nov 9 (Reuters) – Some European retailers forecast or announced better sales for the year this week after scrambling to keep prices low to attract cash-strapped shoppers, while others including Marks & Spencer (MKS.L) and Adidas (ADSGn.DE) warned of profiteering. Many consumers have turned to cheaper private label products, boosting sales at retailers like …

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Analysis: European retailers are on investors' naughty lists this Christmas

Analysis: European retailers are on investors’ naughty lists this Christmas

European retail stocks down 40% since the start of the year Amazon predicts slower holiday sales growth Adidas and H&M warn of weaker demand Headwinds from euro and pound compress margins Eurozone non-food retail trade down 3% LONDON, Oct 28 (Reuters) – As the cost of living crisis squeezes consumers and squeezes disposable income, this …

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Tapestry is deepening its penetration in China, undeterred by the collapse of the luxury market

Tapestry is deepening its penetration in China, undeterred by the collapse of the luxury market

SHANGHAI, Oct 26 (Reuters) – Baoji, an industrial city in northwest China with a population of 3 million, doesn’t fit most people’s idea of ​​a commodity market luxury. Soon, however, it will house a store for the American brand Coach. The store is one of 30 in China that the parent company of Coach Tapestry …

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