#retail

Cyprus recorded the strongest annual increase in retail trade volume in the European Union in July 2026, according to a report released by Eurostat on Friday, with sales volumes rising 8.6 per ...

Cypriot businesses expand Greek reach through Skroutz summer sales Cypriot consumers placed 62 per cent more orders through Skroutz during this year’s summer sales compared with the corresponding period last ...

The first fines have been issued to businesses who have not ensured health and safety for workers whose jobs require standing for long periods, it emerged on Friday. The law ...

German sportswear company Puma (PUMG.DE), this week forecast sales and profits this year below analyst expectations, sending its shares down over 8 per cent to their lowest since 2018, blaming a ...

With Zara-owner Inditex (ITX.MC) and H&M (HMb.ST) set to disclose their most recent sales results, investors will be focused on one major question: how are the ...

Spending online on Cyber Monday is set to exceed $12 billion, a record, as bargain hunters snap up deals on items including Barbie dolls, Lego sets, headphones and smart watches, according ...

H&M (HMb.ST) shares hit a 16-month high on Thursday after its second-quarter profit beat estimates with its summer collection doing well as warmer weather arrives in Europe. ...

ASOS (ASOS.L), the British online fashion pioneer valued at more than 7 billion pounds ($8.8 billion) just over two years ago, has been relegated from the FTSE 250 index of mid-sized companies, ...

US retail sales increased less than expected in April, but the underlying trend was solid, suggesting that consumer spending likely remained strong early in the second quarter, despite growing risks ...

Luxury goods group Richemont (CFR.S) beat expectations on Friday after high demand from Chinese consumers for jewellery and watches boosted sales over the three months to March 31, sending shares ...

Italian fashion house Valentino reported on Monday an 18% rise in core profit for 2022 as sales rose 10% at constant currencies, boosted by its directly operated shops and defying a weak Chinese ...

Walmart Inc (WMT.N) on Tuesday said it expects about 65 per cent of its stores to be serviced by automation by the end of its fiscal year 2026, just days after ...

Grocery costs seen rising further in 2023 -executives, analysts Input costs exacerbated by Ukraine war Retailers seeking to pass on high raw material costs Unilever, Nestle, Danone to report results this ...

Sainsbury’s (SBRY.L), Britain’s second biggest supermarket group, has linked up with online meal ordering and delivery firm Just Eat Takeaway (TKWY.AS), to add faster home delivery ...

President of the Larnaca Chamber of Commerce (Evel) Stavros Stavrou on Friday attended the opening of the Metropolis Mall in Larnaca, where he delivered an address during the opening ceremony. “...

Abercrombie & Fitch Co on Thursday cut its full-year sales and margin forecasts after reporting a surprise quarterly loss, underscoring increasing competition for consumer dollars amid surging inflation. Shares of ...

Consumers continue to adjust their purchasing habits in order to better deal with supply chain disruptions and soaring inflation, according to the latest edition of the PwC Global Consumer Insights ...

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges. The executive explained that soaring inflation, ...

British supermarket group Sainsbury’s (SBRY.L) followed market leader Tesco (TSCO.L) in warning that soaring inflation would lower profit in the current financial year, taking the shine off ...

The percentage of people who made online purchases showed a significant increase, which reached 48 per cent in the first quarter of 2021 compared to 34.1 per cent in the corresponding period last ...

Small shopkeepers’ union Povek said that discounts on offer for Black Friday in Cyprus are much lower than other countries, as reduced traffic was recorded at shops in the morning ...

ASOS (ASOS.L), the British online fashion retailer, warned on Monday that logistics costs and supply chain disruptions could reduce 2022 profit by more than 40 per cent and said CEO Nick ...

Boris Johnson has turned to former Tesco (TSCO.L) boss Dave Lewis to fix supply chain problems that have hit the British economy and sparked criticism of the Prime Minister’...

The new Metropolis Mall in Larnaca helped the city during its construction phase by employing an estimated 1,000 people throughout the entire process. Having recently opened its doors to the public, ...