Germany’s retail sector saw an unexpected upswing in Christmas shopping during the final week of Advent, according to the Handelsverband. Despite a generally subdued consumer mood influenced by geopolitical and domestic issues, over a quarter of surveyed businesses reported satisfaction….
In October 2024, the retail sector in Greece experienced a 7.9% increase in revenue, reaching €3.92 billion compared to €3.63 billion in October 2023. This rise also marks a 4.1% increase from September 2024. The growth is attributed to various…
Basilis Korkidis, president of the Piraeus Chamber of Commerce and Industry, emphasized the need for more flexible lending criteria for businesses during an interview on ERT News. He highlighted that consumer prices are affecting 8 out of 10 Greeks, with…
Prominent UK retailers, including Tesco and Amazon, are warning that job losses in the retail sector are ‘inevitable’ due to rising costs from tax increases outlined in the recent Budget. They argue that the cumulative financial burden will strain profitability…
Prominent UK retailers, including Tesco and Amazon, have warned that job cuts in the retail sector are ‘inevitable’ due to new tax increases outlined in the recent Budget. In a letter to Chancellor Rachel Reeves, they highlighted a cumulative burden…
Typhoo Tea, the historic UK brand founded in 1903, is on the verge of administration as it grapples with dwindling sales and escalating losses. Chief Executive Dave McNulty announced that the company has filed a court notice to appoint administrators,…
