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...
retail
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...
Britain calls on ex-Tesco boss ‘Drastic Dave’ to fix supply chain
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...
Metropolis Mall one of many projects to elevate Larnaca
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...
Morrisons’ fate to be decided in $10 billion Saturday shootout
The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons (MRW.L) will be decided in a one-day auction on Saturday overseen...
Pub group Wetherspoon’s losses widen, staff hard to find
J D Wetherspoon (JDW.L) fell deeper into the red for its fiscal 2021 and said it had like many other businesses found it hard to...
British warehouse worker shortage triggers up to 30 per cent pay spike
Warehouses in Britain are having to pay up to 30 per cent more to recruit staff after a chronic shortage of workers exacerbated pressure on...
High-stakes Christmas looms as surging toy demand meets supply-chain snarls
With demand for toys at an all-time high, US suppliers and retailers are racing to outrun severe air, sea and land shipping snarls so Santa...
