Economy

Shoptalk Europe To Kick Off In Barcelona Next Week

Shoptalk Europe, the number one event for fuelling conversations around the future of retail innovation, is all set to open its doors from 9-11 May at Fira...

Rotterdam Says Port Traffic Drops Slightly As Inflation Weighs

Throughput in the port of Rotterdam, Europe's largest sea port, fell 1.5% in the first quarter as high inflation slowed down container traffic, the port's...

Polish Retail Sales, Industrial Output Fall More Than Expected

Polish retail sales and industrial output disappointed in March, with data showing weaknesses in central Europe's biggest economy at the end of the first q...

Russian Supermarket Chain Lenta Sees Profits Slump In Q1

Russian supermarket chain Lenta's core profit slumped 62% in the first quarter of 2023 on an annual basis, the retailer said, due to weak consumer demand,...

UK Retailers Turn Positive On Sales Hopes After Bleak Winter

British retailers reported their first positive sales expectations in seven months, according to a survey published by the Confederation of British Industr...

Portugal's Sonae Profit Buoyed By One-Off Gains Despite Retail Margin Squeeze

Sonae, owner of Portugal's largest food retailer, on Thursday reported a 21% jump in fourth-quarter net profit as one-off capital gains more than offset th...

China's JD.com Reports Higher Q4 Adjusted Profit

Chinese e-commerce firm JD.com Inc has reported a higher quarterly adjusted profit as China lifted strict pandemic-related curbs late last year.

Target Fends Off Holiday Gloom With Discounts, Warns On 2023 Earnings

Target Corp posted a surprise rise in holiday-quarter sales on Tuesday, buoyed by an increase in store traffic from discount-hungry Americans, even as it j...