Inflation, the limitation of households’ disposable incomes, as well as climate change comprise the perfect storm for Greek retailers in the clothing sector, at a time when the messages from other European markets are not particularly encouraging. “Now we’re going from short pants straight to sweaters, it is as if we have only two seasons,” … Read more
[InTime News] Lidl Hellas has invested more than 1.4 billion euros in Greece since 1999 and the company’s investment plan will continue in the coming years. Lidl Hellas CEO Martin Brandenburger said late on Thursday that the investment program for the next three years (2024-2026) includes new stores and total investments of over €120 million … Read more
“Compared to neighboring countries and the rest of Europe, the recovery of consumption after a series of crises is the slowest in the Czech Republic, which largely explains the lagging behind the entire Czech economy,” Cyrrus economist Vít Hradil told Práv, referring to the covid pandemic and the effects of Russian aggression in Ukraine . … Read more
I went through a terrible divorce 15 years ago. I will finally finish paying my ex-husband in July. My divorce was so costly that I never remarried. My boyfriend of 14 years was having financial problems and needed to refinance his house to pay off his debt. It could not be approved without a co-signer. … Read more
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British supermarket chain Tescowhich has over 2,800 stores nationwide, is no longer selling physical copies of video games. According to GamesIndustry.biz, the retailer will stop selling games in boxes after all available stock is sold out. Tesco justified the decision by the fact that the network’s customers began to switch to the purchase of entertainment … Read more
“It’s painful to be in the seventh quarter of a consumer recession,” Jan Bureš, Patria Finance’s chief analyst, summarizes the balance of the austerity period that began in the fall of 2021. Since then, families have been continuously cutting their budgets. Since the publication of the figures of the Czech Statistical Office for May, it … Read more
In April, the year-on-year decline in sales of food and non-food goods, which began last May, continued. On the contrary, the sale of fuel in April, as in the previous month, recorded a year-on-year increase in sales. Customers spent almost seven percent more on them year-on-year. “All assortment groups of stores, as well as online … Read more
The Census and Statistics Department of the Hong Kong Government released the latest retail sales figures today (June 1). Refers to the provisional estimate of the total retail sales value in April 2023 at 34.7 billion yuan (HK$, the same below), an increase of 15.0% over the same month in 2022. The revised estimate of … Read more
In a rare move, top retailers in Ireland have slashed prices on two grocery essentials, giving consumers a much-needed break. The action began with Lidl’s announcement that it would be reducing prices on its own-brand milk by about 4% at 6 pm on Friday, which prompted Aldi, Tesco, and SuperValu to follow suit within just … Read more