Shoppers to face fresh price hikes as stores, suppliers pass on costs
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,...
retail
Britain’s Sainsbury’s partners with Just Eat for home delivery
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...
Evel president: ‘new mall a catalyst for business modernisation in Larnaca’
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...
Abercrombie cuts sales forecast as Hollister falls out of fashion
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...
Consumers adjust to new market conditions
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...
Retail sector must adjust to help consumers
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...
Britain’s Sainsbury’s warns of lower profit as inflation hits
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...
Online shopping in Cyprus increases significantly in the first quarter of 2021
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...
Black Friday sales hit by supply issues and Covid measures (Updated)
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...
ASOS chief exec steps down as fast fashion retailer warns on profit
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...
