Cost of Living

British Shopkeepers Despair Over Retail Crime

The issue of theft and violence has been raised by many of Britain's biggest retailers in recent months, including Tesco, John Lewis and Primark, echoing s...

Aryzta To Repurchase Hybrid Bonds Worth CHF 120.3m

Bakery giant Aryzta plans to repurchase CHF 74.6 million (€77.7 million) in principal value from its CHF 400 million (€416.7 million) hybrid bond...

More Than Two Thirds Regularly Buy Private-Label Groceries In Europe, Study Finds

Private-label products have become a 'firm staple' among European consumers, with 70% percent buying these products regularly while shopping for groceries,...

British Retail Sales Grow In August After Washout In July

British retail sales partially recovered in August after a rainy July washout, the latest official figures showed, adding to signs that the country's consu...

REWE Group To Raise Wages, Extend Inflation Compensation Discount

REWE Group has announced a voluntary raise in wages, which will see employees in its retail division receiving 5.3% more money per month from October onwar...

France To Spend €200m To Destroy Surplus Wine

The French government has announced plans to destroy surplus wine in an attempt to support struggling producers and raise prices.

Jif Peanut Butter Maker J.M. Smucker Lifts Profit Forecast On Higher Prices, Lower Costs

Jif peanut butter maker J.M. Smucker raised its annual profit forecast on higher prices of its jams, jellies and pet food products as well as moderati...

French Consumers Massively Cutting Essential Purchases, Carrefour CEO Warns

The CEO of French retailer Carrefour has warned that consumers were massively curbing purchases of essential staples due to high prices, and urged French a...